MEZZE D'OR: 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.
MEZZE D'OR
Largest movements
- Stocks and contracts +€13,800
new in 2025: €13,800
- Cash -€4,329
down €4,329 (-46.4%), from €9,339 to €5,010
mainly Stocks and contracts (-€13,800) and Trade debts (-€11,106)
- Receivables within one year -€2,381
down €2,381 (-56.1%), from €4,245 to €1,864
- Deferred charges and accrued income -€1,744
down €1,744 (-93.5%), from €1,864 to €120
- Tangible fixed assets -€1,528
down €1,528 (-24.6%), from €6,207 to €4,680
- Other debts +€15,518
up €15,518 (+50.8%), from €30,535 to €46,053
- Trade debts -€11,106
down €11,106 (-58.2%), from €19,089 to €7,983
- Accrued charges and deferred income -€5,000
no longer reported in 2025 (was €5,000)
- Tax, wage and social debts +€2,378
up €2,378 (+52.2%), from €4,555 to €6,933
of which Remuneration and social security: +€2,112
- Profit (loss) carried forward +€2,028
up €2,028 (+4.5%), from -€44,855 to -€42,827
- Gross operating margin +€28,809
up €28,809 (+166%), from €17,304 to €46,113
- Staff costs +€25,850
up €25,850 (+475%), from €5,438 to €31,288
- Other operating charges +€7,822
up €7,822 (+1,352%), from €578 to €8,401
- Depreciation +€1,758
up €1,758 (+283%), from €620 to €2,378
- Financial charges +€1,380
up €1,380 (+215%), from €642 to €2,023
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 | €22,323 | €26,142 | +€3,818 | +17.1% |
| Fixed assets | 21/28 | €6,875 | €5,347 | -€1,528 | -22.2% |
| Tangible fixed assets | 22/27 | €6,207 | €4,680 | -€1,528 | -24.6% |
| Plant, machinery and equipment | 23 | €6,207 | €4,680 | -€1,528 | -24.6% |
| Financial fixed assets | 28 | €667 | €667 | = | 0.0% |
| Current assets | 29/58 | €15,449 | €20,795 | +€5,346 | +34.6% |
| Stocks and contracts in progress | 3 | - | €13,800 | +€13,800 | |
| Stocks | 30/36 | - | €13,800 | +€13,800 | |
| Amounts receivable within one year | 40/41 | €4,245 | €1,864 | -€2,381 | -56.1% |
| Trade receivables | 40 | €4,245 | €1,864 | -€2,381 | -56.1% |
| Cash at bank and in hand | 54/58 | €9,339 | €5,010 | -€4,329 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,864 | €120 | -€1,744 | -93.5% |
| Total equity and liabilities | 10/49 | €22,323 | €26,142 | +€3,818 | +17.1% |
| Equity | 10/15 | -€36,855 | -€34,827 | +€2,028 | +5.5% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,855 | -€42,827 | +€2,028 | +4.5% |
| Amounts payable | 17/49 | €59,179 | €60,969 | +€1,790 | +3.0% |
| Amounts payable within one year | 42/48 | €54,179 | €60,969 | +€6,790 | +12.5% |
| Trade debts | 44 | €19,089 | €7,983 | -€11,106 | -58.2% |
| Suppliers | 440/4 | €19,089 | €7,983 | -€11,106 | -58.2% |
| Taxes, remuneration and social security | 45 | €4,555 | €6,933 | +€2,378 | +52.2% |
| Taxes | 450/3 | €2,891 | €3,158 | +€266 | +9.2% |
| Remuneration and social security | 454/9 | €1,664 | €3,776 | +€2,112 | +127% |
| Other amounts payable | 47/48 | €30,535 | €46,053 | +€15,518 | +50.8% |
| Accrued charges and deferred income | 492/3 | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €5,438 | €31,288 | +€25,850 | +475% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €2,378 | +€1,758 | +283% |
| Other operating charges | 640/8 | €578 | €8,401 | +€7,822 | +1,352% |
| Gross operating margin | 9900 | €17,304 | €46,113 | +€28,809 | +166% |
| Operating profit (loss) | 9901 | €10,667 | €4,047 | -€6,621 | -62.1% |
| Financial income | 75/76B | €92 | €4 | -€88 | -95.7% |
| Recurring financial income | 75 | €92 | €4 | -€88 | -95.7% |
| Financial charges | 65/66B | €642 | €2,023 | +€1,380 | +215% |
| Recurring financial charges | 65 | €642 | €2,023 | +€1,380 | +215% |
| Profit (loss) for the period before taxes | 9903 | €10,117 | €2,028 | -€8,090 | -80.0% |
| Profit (loss) for the period | 9904 | €10,117 | €2,028 | -€8,090 | -80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,117 | €2,028 | -€8,090 | -80.0% |
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 29 October 2026 via checked.be.