MEZIANT: 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.
MEZIANT
Largest movements
- Cash +€28,362
up €28,362 (+37.5%), from €75,572 to €103,934
mainly Net result for the year (+€44,160) and Depreciation (+€16,057)
- Receivables within one year -€15,707
down €15,707 (-46.4%), from €33,880 to €18,173
- Intangible fixed assets -€11,582
down €11,582 (-17.0%), from €68,016 to €56,434
- Tangible fixed assets +€7,910
up €7,910 (+99.8%), from €7,927 to €15,837
of which Furniture and vehicles: +€8,492
- Reserves +€43,360
up €43,360 (+80.4%), from €53,932 to €97,292
of which Distributable reserves: +€43,360
- Debts after one year -€28,894
down €28,894 (-30.5%), from €94,666 to €65,772
of which Other amounts payable: -€15,709
- Tax, wage and social debts -€11,569
down €11,569 (-86.9%), from €13,313 to €1,743
- Current portion of long-term debt +€6,614
up €6,614 (+42.4%), from €15,616 to €22,230
- Gross operating margin +€6,780
up €6,780 (+8.8%), from €76,938 to €83,718
- Taxes +€2,246
up €2,246 (+15.0%), from €14,937 to €17,183
- Depreciation +€1,126
up €1,126 (+7.5%), from €14,932 to €16,057
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 | €187,050 | €196,282 | +€9,232 | +4.9% |
| Fixed assets | 21/28 | €75,943 | €72,271 | -€3,672 | -4.8% |
| Intangible fixed assets | 21 | €68,016 | €56,434 | -€11,582 | -17.0% |
| Tangible fixed assets | 22/27 | €7,927 | €15,837 | +€7,910 | +99.8% |
| Plant, machinery and equipment | 23 | €2,983 | €2,401 | -€582 | -19.5% |
| Furniture and vehicles | 24 | €4,944 | €13,436 | +€8,492 | +172% |
| Current assets | 29/58 | €111,107 | €124,011 | +€12,905 | +11.6% |
| Amounts receivable within one year | 40/41 | €33,880 | €18,173 | -€15,707 | -46.4% |
| Trade receivables | 40 | €33,880 | €18,173 | -€15,707 | -46.4% |
| Current investments | 50/53 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €75,572 | €103,934 | +€28,362 | +37.5% |
| Deferred charges and accrued income | 490/1 | €1,155 | €1,405 | +€249 | +21.6% |
| Total equity and liabilities | 10/49 | €187,050 | €196,282 | +€9,232 | +4.9% |
| Equity | 10/15 | €60,654 | €104,014 | +€43,360 | +71.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €53,932 | €97,292 | +€43,360 | +80.4% |
| Tax-exempt reserves | 132 | €14,932 | €14,932 | = | 0.0% |
| Distributable reserves | 133 | €39,000 | €82,360 | +€43,360 | +111% |
| Profit (loss) carried forward | 14 | €522 | €522 | = | 0.0% |
| Amounts payable | 17/49 | €126,396 | €92,268 | -€34,128 | -27.0% |
| Amounts payable after more than one year | 17 | €94,666 | €65,772 | -€28,894 | -30.5% |
| Financial debts | 170/4 | €78,472 | €65,286 | -€13,185 | -16.8% |
| Other amounts payable | 178/9 | €16,195 | €486 | -€15,709 | -97.0% |
| Amounts payable within one year | 42/48 | €31,729 | €26,496 | -€5,233 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €15,616 | €22,230 | +€6,614 | +42.4% |
| Trade debts | 44 | €2,000 | €2,522 | +€522 | +26.1% |
| Suppliers | 440/4 | €2,000 | €2,522 | +€522 | +26.1% |
| Taxes, remuneration and social security | 45 | €13,313 | €1,743 | -€11,569 | -86.9% |
| Taxes | 450/3 | €13,313 | €1,743 | -€11,569 | -86.9% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,932 | €16,057 | +€1,126 | +7.5% |
| Other operating charges | 640/8 | €1,542 | €1,532 | -€10 | -0.7% |
| Non-recurring operating charges | 66A | €5,890 | - | -€5,890 | |
| Gross operating margin | 9900 | €76,938 | €83,718 | +€6,780 | +8.8% |
| Operating profit (loss) | 9901 | €54,574 | €66,128 | +€11,554 | +21.2% |
| Financial income | 75/76B | €3 | €380 | +€377 | +13,578% |
| Recurring financial income | 75 | €3 | €380 | +€377 | +13,578% |
| Financial charges | 65/66B | €5,663 | €5,166 | -€497 | -8.8% |
| Recurring financial charges | 65 | €5,663 | €5,166 | -€497 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €48,914 | €61,343 | +€12,429 | +25.4% |
| Income taxes | 67/77 | €14,937 | €17,183 | +€2,246 | +15.0% |
| Profit (loss) for the period | 9904 | €33,977 | €44,160 | +€10,183 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,977 | €44,160 | +€10,183 | +30.0% |
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 23 October 2026 via checked.be.