MEZZO & FILS: what changed
MEZZO & FILS
Largest movements
- Cash -€18,776
down €18,776 (-48.7%), from €38,563 to €19,787
mainly Debts after one year (-€22,851) and Trade debts (-€6,209)
- Tangible fixed assets -€15,292
down €15,292 (-8.3%), from €183,935 to €168,643
of which Plant, machinery and equipment: -€9,488
- Receivables within one year +€5,721
up €5,721 (+38.4%), from €14,899 to €20,620
of which Trade receivables: +€7,454
- Stocks and contracts +€3,977
up €3,977 (+91.5%), from €4,347 to €8,324
- Debts after one year -€22,851
down €22,851 (-11.5%), from €199,105 to €176,254
- Profit (loss) carried forward +€9,364
up €9,364 (+11.2%), from -€83,399 to -€74,035
- Trade debts -€6,209
down €6,209 (-38.0%), from €16,360 to €10,151
- Other debts -€2,520
down €2,520 (-4.1%), from €61,315 to €58,795
- Gross operating margin -€25,839
down €25,839 (-30.9%), from €83,717 to €57,878
- Staff costs -€3,309
down €3,309 (-16.5%), from €20,048 to €16,739
- Financial income +€2,604
up €2,604 (+130,200%), from €2 to €2,606
- Depreciation -€2,130
down €2,130 (-10.4%), from €20,423 to €18,293
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,948 | €217,537 | -€24,411 | -10.1% |
| Fixed assets | 21/28 | €184,050 | €168,758 | -€15,292 | -8.3% |
| Tangible fixed assets | 22/27 | €183,935 | €168,643 | -€15,292 | -8.3% |
| Land and buildings | 22 | €144,078 | €137,551 | -€6,527 | -4.5% |
| Plant, machinery and equipment | 23 | €36,328 | €26,840 | -€9,488 | -26.1% |
| Furniture and vehicles | 24 | €3,529 | €4,252 | +€723 | +20.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €57,898 | €48,779 | -€9,119 | -15.8% |
| Stocks and contracts in progress | 3 | €4,347 | €8,324 | +€3,977 | +91.5% |
| Stocks | 30/36 | €4,347 | €8,324 | +€3,977 | +91.5% |
| Amounts receivable within one year | 40/41 | €14,899 | €20,620 | +€5,721 | +38.4% |
| Trade receivables | 40 | €10,416 | €17,870 | +€7,454 | +71.6% |
| Other amounts receivable | 41 | €4,483 | €2,750 | -€1,733 | -38.7% |
| Cash at bank and in hand | 54/58 | €38,563 | €19,787 | -€18,776 | -48.7% |
| Deferred charges and accrued income | 490/1 | €89 | €48 | -€41 | -46.1% |
| Total equity and liabilities | 10/49 | €241,948 | €217,537 | -€24,411 | -10.1% |
| Equity | 10/15 | -€64,799 | -€55,435 | +€9,364 | +14.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,399 | -€74,035 | +€9,364 | +11.2% |
| Amounts payable | 17/49 | €306,747 | €272,972 | -€33,775 | -11.0% |
| Amounts payable after more than one year | 17 | €199,105 | €176,254 | -€22,851 | -11.5% |
| Financial debts | 170/4 | €199,105 | €176,254 | -€22,851 | -11.5% |
| Amounts payable within one year | 42/48 | €107,642 | €96,718 | -€10,924 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €22,788 | €22,944 | +€156 | +0.7% |
| Trade debts | 44 | €16,360 | €10,151 | -€6,209 | -38.0% |
| Suppliers | 440/4 | €16,360 | €10,151 | -€6,209 | -38.0% |
| Taxes, remuneration and social security | 45 | €7,179 | €4,828 | -€2,351 | -32.7% |
| Taxes | 450/3 | €6,719 | €3,630 | -€3,089 | -46.0% |
| Remuneration and social security | 454/9 | €460 | €1,198 | +€738 | +160% |
| Other amounts payable | 47/48 | €61,315 | €58,795 | -€2,520 | -4.1% |
| Remuneration, social security and pensions | 62 | €20,048 | €16,739 | -€3,309 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,423 | €18,293 | -€2,130 | -10.4% |
| Other operating charges | 640/8 | €5,005 | €5,195 | +€190 | +3.8% |
| Gross operating margin | 9900 | €83,717 | €57,878 | -€25,839 | -30.9% |
| Operating profit (loss) | 9901 | €38,241 | €17,651 | -€20,590 | -53.8% |
| Financial income | 75/76B | €2 | €2,606 | +€2,604 | +130,200% |
| Recurring financial income | 75 | €2 | €2,606 | +€2,604 | +130,200% |
| Financial charges | 65/66B | €11,696 | €10,893 | -€803 | -6.9% |
| Recurring financial charges | 65 | €11,696 | €10,893 | -€803 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €26,547 | €9,364 | -€17,183 | -64.7% |
| Profit (loss) for the period | 9904 | €26,547 | €9,364 | -€17,183 | -64.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,547 | €9,364 | -€17,183 | -64.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.