MEZZO CONCEPT: what changed
Two fiscal 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.
MEZZO CONCEPT
Largest movements
- Tangible fixed assets +€58,039
up €58,039 (+111.8%), from €51,910 to €109,949
of which Furniture and vehicles: +€61,200
- Cash +€32,922
up €32,922 (+18.4%), from €179,049 to €211,971
mainly Net result for the year (+€68,518) and Other debts (+€24,831)
- Receivables within one year +€7,893
up €7,893 (+14.3%), from €55,008 to €62,901
of which Other amounts receivable: +€5,402
- Profit (loss) carried forward +€68,518
up €68,518 (+1286.7%), from €5,325 to €73,843
- Other debts +€24,831
up €24,831 (+22.8%), from €109,117 to €133,947
- Debts after one year -€9,941
down €9,941 (-65.5%), from €15,177 to €5,236
- Current portion of long-term debt +€8,965
up €8,965 (+96.7%), from €9,273 to €18,238
- Trade debts +€6,131
up €6,131 (+9.3%), from €65,763 to €71,894
- Turnover -€1.0m
no longer reported in 2025 (was €1.0m)
- Purchases and services -€630,117
no longer reported in 2025 (was €630,117)
- Gross operating margin +€32,187
up €32,187 (+8.2%), from €391,405 to €423,593
- Staff costs +€17,831
up €17,831 (+6.1%), from €292,479 to €310,309
- Depreciation -€12,346
down €12,346 (-34.6%), from €35,721 to €23,375
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 | €304,332 | €405,041 | +€100,709 | +33.1% |
| Fixed assets | 21/28 | €51,910 | €109,949 | +€58,039 | +111.8% |
| Tangible fixed assets | 22/27 | €51,910 | €109,949 | +€58,039 | +111.8% |
| Land and buildings | 22 | €3,731 | €1,866 | -€1,866 | -50.0% |
| Plant, machinery and equipment | 23 | €2,590 | €1,295 | -€1,295 | -50.0% |
| Furniture and vehicles | 24 | €45,589 | €106,789 | +€61,200 | +134.2% |
| Current assets | 29/58 | €252,423 | €295,092 | +€42,669 | +16.9% |
| Stocks and contracts in progress | 3 | €18,366 | €20,220 | +€1,855 | +10.1% |
| Stocks | 30/36 | €18,366 | €20,220 | +€1,855 | +10.1% |
| Amounts receivable within one year | 40/41 | €55,008 | €62,901 | +€7,893 | +14.3% |
| Trade receivables | 40 | €13,213 | €15,704 | +€2,491 | +18.8% |
| Other amounts receivable | 41 | €41,795 | €47,197 | +€5,402 | +12.9% |
| Cash at bank and in hand | 54/58 | €179,049 | €211,971 | +€32,922 | +18.4% |
| Total equity and liabilities | 10/49 | €304,332 | €405,041 | +€100,709 | +33.1% |
| Equity | 10/15 | €55,381 | €123,299 | +€67,918 | +122.6% |
| Contributions | 10/11 | €18,600 | €18,000 | -€600 | -3.2% |
| Reserves | 13 | €31,456 | €31,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,456 | €1,456 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,456 | €1,456 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,325 | €73,843 | +€68,518 | +1286.7% |
| Amounts payable | 17/49 | €248,951 | €281,742 | +€32,791 | +13.2% |
| Amounts payable after more than one year | 17 | €15,177 | €5,236 | -€9,941 | -65.5% |
| Financial debts | 170/4 | €15,177 | €5,236 | -€9,941 | -65.5% |
| Amounts payable within one year | 42/48 | €233,774 | €276,506 | +€42,732 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €9,273 | €18,238 | +€8,965 | +96.7% |
| Trade debts | 44 | €65,763 | €71,894 | +€6,131 | +9.3% |
| Suppliers | 440/4 | €65,763 | €71,894 | +€6,131 | +9.3% |
| Taxes, remuneration and social security | 45 | €49,621 | €52,426 | +€2,805 | +5.7% |
| Taxes | 450/3 | €15,774 | €18,402 | +€2,628 | +16.7% |
| Remuneration and social security | 454/9 | €33,847 | €34,024 | +€177 | +0.5% |
| Other amounts payable | 47/48 | €109,117 | €133,947 | +€24,831 | +22.8% |
| Turnover | 70 | €1,021,522 | - | -€1.0m | |
| Non-recurring operating income | 76A | €36,115 | - | -€36,115 | |
| Goods, raw materials, services and sundry goods | 60/61 | €630,117 | - | -€630,117 | |
| Remuneration, social security and pensions | 62 | €292,479 | €310,309 | +€17,831 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,721 | €23,375 | -€12,346 | -34.6% |
| Other operating charges | 640/8 | €4,890 | €7,787 | +€2,896 | +59.2% |
| Gross operating margin | 9900 | €391,405 | €423,593 | +€32,187 | +8.2% |
| Operating profit (loss) | 9901 | €58,316 | €82,122 | +€23,806 | +40.8% |
| Financial income | 75/76B | €103 | - | -€103 | |
| Recurring financial income | 75 | €103 | - | -€103 | |
| Non-recurring financial income | 76B | €103 | - | -€103 | |
| Financial charges | 65/66B | €5,414 | €3,604 | -€1,810 | -33.4% |
| Recurring financial charges | 65 | €5,414 | €3,604 | -€1,810 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €53,005 | €78,518 | +€25,513 | +48.1% |
| Income taxes | 67/77 | €619 | €10,000 | +€9,381 | +1515.6% |
| Profit (loss) for the period | 9904 | €52,386 | €68,518 | +€16,132 | +30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,386 | €68,518 | +€16,132 | +30.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.