MEZENC: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MEZENC
Largest movements
- Tangible fixed assets -€6,784
down €6,784 (-3.1%), from €220,881 to €214,097
of which Land and buildings: -€6,195
- Debts after one year -€10,038
down €10,038 (-10.0%), from €100,817 to €90,779
- Other debts +€4,810
up €4,810 (+4.1%), from €118,527 to €123,337
- Gross operating margin +€1,729
up €1,729 (+22.9%), from €7,535 to €9,264
- Financial charges -€976
down €976 (-24.2%), from €4,031 to €3,055
- Other operating charges -€345
down €345 (-18.4%), from €1,875 to €1,530
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €223,669 | €216,668 | -€7,001 | -3.1% |
| Fixed assets | 21/28 | €220,881 | €214,097 | -€6,784 | -3.1% |
| Tangible fixed assets | 22/27 | €220,881 | €214,097 | -€6,784 | -3.1% |
| Land and buildings | 22 | €217,280 | €211,085 | -€6,195 | -2.9% |
| Plant, machinery and equipment | 23 | €3,602 | €3,012 | -€590 | -16.4% |
| Current assets | 29/58 | €2,788 | €2,571 | -€217 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,423 | €2,423 | = | 0.0% |
| Other amounts receivable | 41 | €2,423 | €2,423 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €365 | €148 | -€217 | -59.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €223,669 | €216,668 | -€7,001 | -3.1% |
| Equity | 10/15 | -€5,446 | -€7,552 | -€2,106 | -38.7% |
| Contributions | 10/11 | €61,973 | €61,973 | -€0 | 0.0% |
| Capital | 10 | €61,973 | €61,973 | -€0 | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | -€0 | 0.0% |
| Reserves | 13 | €103,304 | €103,304 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €2,624 | €2,624 | -€0 | 0.0% |
| Legal reserve | 130 | €2,624 | €2,624 | -€0 | 0.0% |
| Distributable reserves | 133 | €100,680 | €100,680 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€170,724 | -€172,829 | -€2,105 | -1.2% |
| Amounts payable | 17/49 | €229,115 | €224,220 | -€4,895 | -2.1% |
| Amounts payable after more than one year | 17 | €100,817 | €90,779 | -€10,038 | -10.0% |
| Financial debts | 170/4 | €100,817 | €90,779 | -€10,038 | -10.0% |
| Amounts payable within one year | 42/48 | €128,298 | €133,441 | +€5,143 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €9,772 | €10,038 | +€266 | +2.7% |
| Trade debts | 44 | €0 | €66 | +€66 | |
| Suppliers | 440/4 | €0 | €66 | +€66 | |
| Other amounts payable | 47/48 | €118,527 | €123,337 | +€4,810 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,784 | €6,784 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,875 | €1,530 | -€345 | -18.4% |
| Gross operating margin | 9900 | €7,535 | €9,264 | +€1,729 | +22.9% |
| Operating profit (loss) | 9901 | -€1,124 | €950 | +€2,074 | |
| Financial charges | 65/66B | €4,031 | €3,055 | -€976 | -24.2% |
| Recurring financial charges | 65 | €4,031 | €3,055 | -€976 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,155 | -€2,105 | +€3,050 | +59.2% |
| Profit (loss) for the period | 9904 | -€5,155 | -€2,105 | +€3,050 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,155 | -€2,105 | +€3,050 | +59.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.