Mezza: 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.
Mezza
Largest movements
- Cash +€35,500
up €35,500 (+27.1%), from €131,112 to €166,613
mainly Depreciation (+€69,019) and Net result for the year (+€43,113)
- Tangible fixed assets -€31,971
down €31,971 (-15.7%), from €203,351 to €171,380
of which Plant, machinery and equipment: -€34,771
- Intangible fixed assets -€16,324
down €16,324 (-24.3%), from €67,068 to €50,744
- Debts after one year -€53,743
down €53,743 (-23.4%), from €230,075 to €176,332
- Reserves +€43,113
up €43,113 (+46.1%), from €93,540 to €136,653
- Short-term financial debts +€5,083
new in 2025: €5,083
- Staff costs +€49,538
up €49,538 (+17.8%), from €279,019 to €328,557
- Gross operating margin +€46,593
up €46,593 (+11.0%), from €424,451 to €471,044
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 | €453,873 | €443,990 | -€9,883 | -2.2% |
| Formation expenses | 20 | €1,071 | €453 | -€618 | -57.7% |
| Fixed assets | 21/28 | €270,419 | €222,124 | -€48,295 | -17.9% |
| Intangible fixed assets | 21 | €67,068 | €50,744 | -€16,324 | -24.3% |
| Tangible fixed assets | 22/27 | €203,351 | €171,380 | -€31,971 | -15.7% |
| Plant, machinery and equipment | 23 | €187,482 | €152,710 | -€34,771 | -18.5% |
| Furniture and vehicles | 24 | €2,486 | €1,364 | -€1,123 | -45.2% |
| Leasing and similar rights | 25 | €4,489 | €9,642 | +€5,152 | +114.8% |
| Other tangible fixed assets | 26 | €8,893 | €7,664 | -€1,229 | -13.8% |
| Current assets | 29/58 | €182,383 | €221,413 | +€39,029 | +21.4% |
| Stocks and contracts in progress | 3 | €25,907 | €26,591 | +€685 | +2.6% |
| Stocks | 30/36 | €25,907 | €26,591 | +€685 | +2.6% |
| Amounts receivable within one year | 40/41 | €15,171 | €17,722 | +€2,552 | +16.8% |
| Trade receivables | 40 | €15,141 | €17,722 | +€2,581 | +17.0% |
| Other amounts receivable | 41 | €30 | €0 | -€30 | -100.0% |
| Cash at bank and in hand | 54/58 | €131,112 | €166,613 | +€35,500 | +27.1% |
| Deferred charges and accrued income | 490/1 | €10,194 | €10,486 | +€293 | +2.9% |
| Total equity and liabilities | 10/49 | €453,873 | €443,990 | -€9,883 | -2.2% |
| Equity | 10/15 | €117,540 | €160,653 | +€43,113 | +36.7% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €93,540 | €136,653 | +€43,113 | +46.1% |
| Distributable reserves | 133 | €93,540 | €136,653 | +€43,113 | +46.1% |
| Amounts payable | 17/49 | €336,333 | €283,337 | -€52,996 | -15.8% |
| Amounts payable after more than one year | 17 | €230,075 | €176,332 | -€53,743 | -23.4% |
| Financial debts | 170/4 | €230,075 | €176,332 | -€53,743 | -23.4% |
| Amounts payable within one year | 42/48 | €105,772 | €106,517 | +€744 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €38,998 | €36,168 | -€2,830 | -7.3% |
| Financial debts | 43 | - | €5,083 | +€5,083 | |
| Credit institutions | 430/8 | - | €5,083 | +€5,083 | |
| Trade debts | 44 | €37,420 | €35,914 | -€1,506 | -4.0% |
| Suppliers | 440/4 | €37,420 | €35,914 | -€1,506 | -4.0% |
| Taxes, remuneration and social security | 45 | €28,041 | €28,476 | +€435 | +1.6% |
| Taxes | 450/3 | €12,390 | €13,207 | +€817 | +6.6% |
| Remuneration and social security | 454/9 | €15,652 | €15,269 | -€383 | -2.4% |
| Other amounts payable | 47/48 | €1,313 | €875 | -€438 | -33.3% |
| Accrued charges and deferred income | 492/3 | €485 | €488 | +€3 | +0.7% |
| Non-recurring operating income | 76A | - | €190 | +€190 | |
| Remuneration, social security and pensions | 62 | €279,019 | €328,557 | +€49,538 | +17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,889 | €69,019 | +€2,130 | +3.2% |
| Other operating charges | 640/8 | €2,575 | €2,618 | +€43 | +1.7% |
| Gross operating margin | 9900 | €424,451 | €471,044 | +€46,593 | +11.0% |
| Operating profit (loss) | 9901 | €75,968 | €70,850 | -€5,118 | -6.7% |
| Financial income | 75/76B | €757 | €988 | +€231 | +30.5% |
| Recurring financial income | 75 | €757 | €988 | +€231 | +30.5% |
| Financial charges | 65/66B | €7,078 | €6,991 | -€87 | -1.2% |
| Recurring financial charges | 65 | €7,078 | €6,991 | -€87 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €69,647 | €64,846 | -€4,801 | -6.9% |
| Income taxes | 67/77 | €18,611 | €21,734 | +€3,123 | +16.8% |
| Profit (loss) for the period | 9904 | €51,036 | €43,113 | -€7,924 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,036 | €43,113 | -€7,924 | -15.5% |
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 10 October 2026 via checked.be.