MEZZA INVEST: 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.
What changed
MEZZA INVEST
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€78,740
2024 · €33,530+€45,210
Equity
€1.4m
2024 · €1.3m+€78,740
Cash
€16,775
2024 · €60,568-€43,793
Balance sheet total
€5.3m
2024 · €4.7m+€575,034
Largest movements
Assets
- Receivables within one year +€489,245
up €489,245 (+59.8%), from €817,561 to €1.3m
of which Other amounts receivable: +€484,953
- Tangible fixed assets +€124,197
up €124,197 (+4.7%), from €2.7m to €2.8m
of which Land and buildings: +€77,605
Equity and liabilities
- Other debts +€533,435
up €533,435 (+30.4%), from €1.8m to €2.3m
- Debts after one year +€336,349
up €336,349 (+72.8%), from €462,177 to €798,526
of which Other amounts payable: +€400,000
- Trade debts -€318,107
down €318,107 (-88.9%), from €357,633 to €39,526
- Short-term financial debts -€125,000
down €125,000 (-26.9%), from €465,450 to €340,450
of which Credit institutions: -€125,000
- Reserves +€123,392
up €123,392 (+9.6%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€123,392
Income statement
- Gross operating margin +€121,614
up €121,614 (+57.6%), from €211,026 to €332,640
- Depreciation +€44,835
up €44,835 (+61.6%), from €72,795 to €117,629
- Other operating charges -€17,777
down €17,777 (-49.7%), from €35,787 to €18,009
- Taxes +€7,497
up €7,497 (+86.3%), from €8,684 to €16,180
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.
Result 2024
€33,530
Gross operating margin
+€121,614
Staff costs
-€467
Depreciation
-€44,835
Other operating charges
+€17,777
Financial income
-€881
Financial charges
+€628
Taxes
-€7,497
Deferred taxes and other
-€41,131
Result 2025
€78,740
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€21,830
Investment
-€250,507
Financing
+€228,544
Cash 2024
€60,568
From operations (derived)
-€21,830
Net result for the year
+€78,740
Depreciation
+€117,629
Stocks and contracts
+€3,333
Receivables within one year
-€489,245
Deferred charges and accrued income
-€37
Provisions
+€41,131
Trade debts
-€318,107
Tax, wage and social debts
+€4,133
Other debts
+€533,435
Accrued charges and deferred income
+€7,159
Investment (derived)
-€250,507
Investment in fixed assets (net)
-€250,507
Financing
+€228,544
Debts after one year
+€336,349
Current portion of long-term debt
+€17,195
Short-term financial debts
-€125,000
Cash 2025
€16,775
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,740,097 | €5,315,132 | +€575,034 | +12.1% |
| Fixed assets | 21/28 | €2,992,628 | €3,125,506 | +€132,878 | +4.4% |
| Tangible fixed assets | 22/27 | €2,659,834 | €2,784,031 | +€124,197 | +4.7% |
| Land and buildings | 22 | €2,640,286 | €2,717,892 | +€77,605 | +2.9% |
| Plant, machinery and equipment | 23 | - | €1,413 | +€1,413 | |
| Furniture and vehicles | 24 | €19,548 | €64,727 | +€45,178 | +231% |
| Financial fixed assets | 28 | €332,793 | €341,474 | +€8,681 | +2.6% |
| Current assets | 29/58 | €1,747,470 | €2,189,626 | +€442,156 | +25.3% |
| Stocks and contracts in progress | 3 | €595,966 | €592,634 | -€3,333 | -0.6% |
| Stocks | 30/36 | €595,966 | €592,634 | -€3,333 | -0.6% |
| Amounts receivable within one year | 40/41 | €817,561 | €1,306,806 | +€489,245 | +59.8% |
| Trade receivables | 40 | €49,678 | €53,970 | +€4,292 | +8.6% |
| Other amounts receivable | 41 | €767,883 | €1,252,836 | +€484,953 | +63.2% |
| Current investments | 50/53 | €270,000 | €270,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €60,568 | €16,775 | -€43,793 | -72.3% |
| Deferred charges and accrued income | 490/1 | €3,375 | €3,411 | +€37 | +1.1% |
| Total equity and liabilities | 10/49 | €4,740,097 | €5,315,132 | +€575,034 | +12.1% |
| Equity | 10/15 | €1,308,567 | €1,387,307 | +€78,740 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,289,967 | €1,413,359 | +€123,392 | +9.6% |
| Tax-exempt reserves | 132 | €784,712 | €908,104 | +€123,392 | +15.7% |
| Distributable reserves | 133 | €505,255 | €505,255 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€44,652 | -€44,652 | |
| Provisions and deferred taxes | 16 | €254,463 | €295,593 | +€41,131 | +16.2% |
| Deferred taxes | 168 | €254,463 | €295,593 | +€41,131 | +16.2% |
| Amounts payable | 17/49 | €3,177,067 | €3,632,232 | +€455,164 | +14.3% |
| Amounts payable after more than one year | 17 | €462,177 | €798,526 | +€336,349 | +72.8% |
| Financial debts | 170/4 | €462,177 | €398,526 | -€63,651 | -13.8% |
| Other amounts payable | 178/9 | - | €400,000 | +€400,000 | |
| Amounts payable within one year | 42/48 | €2,690,714 | €2,802,370 | +€111,656 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €102,486 | €119,681 | +€17,195 | +16.8% |
| Financial debts | 43 | €465,450 | €340,450 | -€125,000 | -26.9% |
| Credit institutions | 430/8 | €210,725 | €85,725 | -€125,000 | -59.3% |
| Other loans | 439 | €254,725 | €254,725 | = | 0.0% |
| Trade debts | 44 | €357,633 | €39,526 | -€318,107 | -88.9% |
| Suppliers | 440/4 | €357,633 | €39,526 | -€318,107 | -88.9% |
| Taxes, remuneration and social security | 45 | €8,240 | €12,373 | +€4,133 | +50.2% |
| Taxes | 450/3 | €4,020 | €1,481 | -€2,539 | -63.2% |
| Remuneration and social security | 454/9 | €4,219 | €10,892 | +€6,673 | +158% |
| Other amounts payable | 47/48 | €1,756,905 | €2,290,340 | +€533,435 | +30.4% |
| Accrued charges and deferred income | 492/3 | €24,177 | €31,336 | +€7,159 | +29.6% |
| Non-recurring operating income | 76A | - | €285,586 | +€285,586 | |
| Remuneration, social security and pensions | 62 | €22,266 | €22,733 | +€467 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,795 | €117,629 | +€44,835 | +61.6% |
| Other operating charges | 640/8 | €35,787 | €18,009 | -€17,777 | -49.7% |
| Gross operating margin | 9900 | €211,026 | €332,640 | +€121,614 | +57.6% |
| Operating profit (loss) | 9901 | €80,179 | €174,269 | +€94,090 | +117% |
| Financial income | 75/76B | €881 | - | -€881 | |
| Recurring financial income | 75 | €881 | - | -€881 | |
| Financial charges | 65/66B | €38,846 | €38,219 | -€628 | -1.6% |
| Recurring financial charges | 65 | €38,846 | €38,219 | -€628 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €42,213 | €136,050 | +€93,837 | +222% |
| Transfer from deferred taxes | 780 | - | €10,811 | +€10,811 | |
| Transfer to deferred taxes | 680 | - | €51,942 | +€51,942 | |
| Income taxes | 67/77 | €8,684 | €16,180 | +€7,497 | +86.3% |
| Profit (loss) for the period | 9904 | €33,530 | €78,740 | +€45,210 | +135% |
| Transfer from tax-exempt reserves | 789 | - | €32,434 | +€32,434 | |
| Transfer to tax-exempt reserves | 689 | - | €155,826 | +€155,826 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,530 | -€44,652 | -€78,182 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.