MEZI: 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.
MEZI
Largest movements
- Tangible fixed assets +€23,552
up €23,552 (+240%), from €9,832 to €33,384
of which Furniture and vehicles: +€23,991
- Receivables within one year -€8,190
down €8,190 (-47.7%), from €17,170 to €8,980
of which Trade receivables: -€8,190
- Stocks and contracts +€3,832
up €3,832 (+5.1%), from €75,190 to €79,022
- Deferred charges and accrued income +€2,361
new in 2025: €2,361
- Debts after one year +€29,566
up €29,566 (+1,142%), from €2,590 to €32,156
- Trade debts -€13,192
down €13,192 (-55.7%), from €23,678 to €10,486
- Current portion of long-term debt +€6,223
up €6,223 (+184%), from €3,389 to €9,612
- Reserves +€4,950
up €4,950 (+266%), from €1,860 to €6,810
of which Distributable reserves: +€4,950
- Tax, wage and social debts -€4,895
down €4,895 (-28.0%), from €17,451 to €12,556
- Gross operating margin -€19,794
down €19,794 (-70.6%), from €28,048 to €8,254
- Financial income +€4,996
up €4,996 (+55,511%), from €9 to €5,005
of which Non-recurring financial income: +€4,941
- Depreciation -€4,694
down €4,694 (-83.8%), from €5,604 to €910
- Taxes -€4,674
down €4,674 (-62.4%), from €7,487 to €2,813
- Staff costs +€2,246
new in 2025: €2,246
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.
Derived cash bridge
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 | €108,145 | €130,966 | +€22,821 | +21.1% |
| Fixed assets | 21/28 | €9,832 | €33,384 | +€23,552 | +240% |
| Tangible fixed assets | 22/27 | €9,832 | €33,384 | +€23,552 | +240% |
| Land and buildings | 22 | €1,199 | €760 | -€439 | -36.6% |
| Furniture and vehicles | 24 | €8,633 | €32,624 | +€23,991 | +278% |
| Current assets | 29/58 | €98,313 | €97,582 | -€731 | -0.7% |
| Stocks and contracts in progress | 3 | €75,190 | €79,022 | +€3,832 | +5.1% |
| Stocks | 30/36 | €75,190 | €79,022 | +€3,832 | +5.1% |
| Amounts receivable within one year | 40/41 | €17,170 | €8,980 | -€8,190 | -47.7% |
| Trade receivables | 40 | €17,043 | €8,853 | -€8,190 | -48.1% |
| Other amounts receivable | 41 | €127 | €127 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,953 | €7,219 | +€1,266 | +21.3% |
| Deferred charges and accrued income | 490/1 | - | €2,361 | +€2,361 | |
| Total equity and liabilities | 10/49 | €108,145 | €130,966 | +€22,821 | +21.1% |
| Equity | 10/15 | €59,282 | €64,273 | +€4,991 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €6,810 | +€4,950 | +266% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €4,950 | +€4,950 | |
| Profit (loss) carried forward | 14 | €38,822 | €38,863 | +€41 | +0.1% |
| Amounts payable | 17/49 | €48,863 | €66,693 | +€17,830 | +36.5% |
| Amounts payable after more than one year | 17 | €2,590 | €32,156 | +€29,566 | +1,142% |
| Financial debts | 170/4 | €2,590 | €32,156 | +€29,566 | +1,142% |
| Amounts payable within one year | 42/48 | €46,273 | €34,536 | -€11,737 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €3,389 | €9,612 | +€6,223 | +184% |
| Financial debts | 43 | €1,662 | €249 | -€1,413 | -85.0% |
| Credit institutions | 430/8 | €1,662 | €249 | -€1,413 | -85.0% |
| Trade debts | 44 | €23,678 | €10,486 | -€13,192 | -55.7% |
| Suppliers | 440/4 | €23,678 | €10,486 | -€13,192 | -55.7% |
| Taxes, remuneration and social security | 45 | €17,451 | €12,556 | -€4,895 | -28.0% |
| Taxes | 450/3 | €17,451 | €12,556 | -€4,895 | -28.0% |
| Other amounts payable | 47/48 | €93 | €1,633 | +€1,540 | +1,656% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Remuneration, social security and pensions | 62 | - | €2,246 | +€2,246 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,604 | €910 | -€4,694 | -83.8% |
| Other operating charges | 640/8 | €1,257 | €1,125 | -€132 | -10.5% |
| Gross operating margin | 9900 | €28,048 | €8,254 | -€19,794 | -70.6% |
| Operating profit (loss) | 9901 | €21,187 | €3,973 | -€17,214 | -81.2% |
| Financial income | 75/76B | €9 | €5,005 | +€4,996 | +55,511% |
| Recurring financial income | 75 | €9 | €64 | +€55 | +611% |
| Non-recurring financial income | 76B | - | €4,941 | +€4,941 | |
| Financial charges | 65/66B | €770 | €1,174 | +€404 | +52.5% |
| Recurring financial charges | 65 | €708 | €1,011 | +€303 | +42.8% |
| Non-recurring financial charges | 66B | €62 | €163 | +€101 | +163% |
| Profit (loss) for the period before taxes | 9903 | €20,426 | €7,804 | -€12,622 | -61.8% |
| Income taxes | 67/77 | €7,487 | €2,813 | -€4,674 | -62.4% |
| Profit (loss) for the period | 9904 | €12,939 | €4,991 | -€7,948 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,939 | €4,991 | -€7,948 | -61.4% |
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 13 October 2026 via checked.be.