MEZURE: 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.
MEZURE
Largest movements
- Tangible fixed assets +€338,407
up €338,407 (+130%), from €260,650 to €599,056
of which Assets under construction and advance payments: +€341,307
- Receivables within one year +€179,887
up €179,887 (+122%), from €147,877 to €327,764
of which Other amounts receivable: +€255,760
- Cash -€136,775
down €136,775 (-66.5%), from €205,774 to €68,999
mainly Investment in fixed assets (net) (-€342,792) and Receivables within one year (-€179,887)
- Deferred charges and accrued income -€43,110
down €43,110 (-75.4%), from €57,212 to €14,103
- Intangible fixed assets -€35,863
down €35,863 (-36.8%), from €97,552 to €61,689
- Other debts +€279,490
up €279,490 (+53.5%), from €522,772 to €802,262
- Profit (loss) carried forward +€62,241
up €62,241, from -€23,431 to €38,811
- Tax, wage and social debts -€22,829
down €22,829 (-86.8%), from €26,286 to €3,457
of which Remuneration and social security: -€20,221
- Accrued charges and deferred income -€14,375
down €14,375 (-41.2%), from €34,849 to €20,474
- Gross operating margin +€74,928
up €74,928 (+35.0%), from €213,896 to €288,824
- Other operating charges +€40,345
up €40,345 (+4,323%), from €933 to €41,279
- Financial income -€21,438
down €21,438 (-97.7%), from €21,947 to €509
of which Non-recurring financial income: -€21,946
- Depreciation -€8,723
down €8,723 (-17.8%), from €48,972 to €40,249
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 | €769,065 | €1,071,612 | +€302,546 | +39.3% |
| Fixed assets | 21/28 | €358,202 | €660,745 | +€302,543 | +84.5% |
| Intangible fixed assets | 21 | €97,552 | €61,689 | -€35,863 | -36.8% |
| Tangible fixed assets | 22/27 | €260,650 | €599,056 | +€338,407 | +130% |
| Plant, machinery and equipment | 23 | - | €1,275 | +€1,275 | |
| Furniture and vehicles | 24 | €1,979 | €1,488 | -€492 | -24.8% |
| Leasing and similar rights | 25 | €4,477 | €2,367 | -€2,110 | -47.1% |
| Other tangible fixed assets | 26 | €4,008 | €2,434 | -€1,574 | -39.3% |
| Assets under construction and advance payments | 27 | €250,185 | €591,492 | +€341,307 | +136% |
| Current assets | 29/58 | €410,864 | €410,867 | +€3 | 0.0% |
| Amounts receivable within one year | 40/41 | €147,877 | €327,764 | +€179,887 | +122% |
| Trade receivables | 40 | €93,685 | €17,811 | -€75,873 | -81.0% |
| Other amounts receivable | 41 | €54,192 | €309,953 | +€255,760 | +472% |
| Cash at bank and in hand | 54/58 | €205,774 | €68,999 | -€136,775 | -66.5% |
| Deferred charges and accrued income | 490/1 | €57,212 | €14,103 | -€43,110 | -75.4% |
| Total equity and liabilities | 10/49 | €769,065 | €1,071,612 | +€302,546 | +39.3% |
| Equity | 10/15 | €134,069 | €196,311 | +€62,241 | +46.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,431 | €38,811 | +€62,241 | |
| Amounts payable | 17/49 | €634,996 | €875,301 | +€240,305 | +37.8% |
| Amounts payable within one year | 42/48 | €600,147 | €854,827 | +€254,680 | +42.4% |
| Trade debts | 44 | €51,089 | €49,108 | -€1,981 | -3.9% |
| Suppliers | 440/4 | €51,089 | €49,108 | -€1,981 | -3.9% |
| Taxes, remuneration and social security | 45 | €26,286 | €3,457 | -€22,829 | -86.8% |
| Taxes | 450/3 | €2,609 | - | -€2,609 | |
| Remuneration and social security | 454/9 | €23,677 | €3,457 | -€20,221 | -85.4% |
| Other amounts payable | 47/48 | €522,772 | €802,262 | +€279,490 | +53.5% |
| Accrued charges and deferred income | 492/3 | €34,849 | €20,474 | -€14,375 | -41.2% |
| Non-recurring operating income | 76A | €2,176 | - | -€2,176 | |
| Remuneration, social security and pensions | 62 | €144,115 | €144,399 | +€284 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,972 | €40,249 | -€8,723 | -17.8% |
| Other operating charges | 640/8 | €933 | €41,279 | +€40,345 | +4,323% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €213,896 | €288,824 | +€74,928 | +35.0% |
| Operating profit (loss) | 9901 | €19,875 | €62,897 | +€43,022 | +216% |
| Financial income | 75/76B | €21,947 | €509 | -€21,438 | -97.7% |
| Recurring financial income | 75 | €1 | €509 | +€508 | +39,701% |
| Non-recurring financial income | 76B | €21,946 | - | -€21,946 | |
| Financial charges | 65/66B | €939 | €1,139 | +€200 | +21.3% |
| Recurring financial charges | 65 | €939 | €1,139 | +€200 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €40,884 | €62,267 | +€21,384 | +52.3% |
| Income taxes | 67/77 | €1,977 | €26 | -€1,951 | -98.7% |
| Profit (loss) for the period | 9904 | €38,907 | €62,241 | +€23,335 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,907 | €62,241 | +€23,335 | +60.0% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.