OUTLET MALL MESSANCY: 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
OUTLET MALL MESSANCY
NACE 68.310, Real estate agency activities
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€469,375
31-12-2024 · -€42,952+€512,326
Equity
€11.2m
31-12-2024 · €10.8m+€469,375
Cash
€751,099
31-12-2024 · €706,036+€45,064
Balance sheet total
€22.1m
31-12-2024 · €21.1m+€1.0m
Largest movements
Assets
- Tangible fixed assets +€351,089
up €351,089 (+2.2%), from €15.8m to €16.2m
of which Plant, machinery and equipment: +€910,508
- Receivables within one year +€291,249
up €291,249 (+17.2%), from €1.7m to €2.0m
of which Trade receivables: +€309,768
- Current investments +€245,921
up €245,921 (+29.0%), from €849,287 to €1.1m
Equity and liabilities
- Short-term financial debts +€1.6m
new in 2025: €1.6m
- Debts after one year -€1.4m
down €1.4m (-22.1%), from €6.3m to €4.9m
of which Financial debts: -€1.6m
- Trade debts +€896,507
up €896,507 (+76.9%), from €1.2m to €2.1m
- Current portion of long-term debt -€499,398
down €499,398 (-44.4%), from €1.1m to €624,381
- Profit (loss) carried forward +€469,375
up €469,375, from -€42,952 to €426,423
Income statement
- Turnover +€6.7m
new in 2025: €6.7m
- Purchases and services +€4.6m
new in 2025: €4.6m
- Gross operating margin +€575,193
up €575,193 (+36.7%), from €1.6m to €2.1m
- Write-downs +€118,124
up €118,124, from -€6,568 to €111,555
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024
-€42,952
Gross operating margin
+€575,193
Depreciation
-€21,827
Write-downs
-€118,124
Other operating charges
+€35,550
Financial income
-€14,976
Financial charges
+€56,510
Result 31-12-2025
€469,375
raises the resultlowers the result
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.7m
Investment
-€1.4m
Financing
-€272,557
Cash 31-12-2024
€706,036
From operations (derived)
+€1.7m
Net result for the year
+€469,375
Depreciation
+€801,847
Receivables within one year
-€291,249
Deferred charges and accrued income
-€89,841
Trade debts
+€896,507
Tax, wage and social debts
-€199,351
Other debts
+€7,829
Accrued charges and deferred income
+€121,132
Investment (derived)
-€1.4m
Investment in fixed assets (net)
-€1.2m
Current investments
-€245,921
Financing
-€272,557
Debts after one year
-€1.4m
Current portion of long-term debt
-€499,398
Short-term financial debts
+€1.6m
Cash 31-12-2025
€751,099
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,118,126 | €22,141,061 | +€1.0m | +4.8% |
| Fixed assets | 21/28 | €15,817,351 | €16,168,211 | +€350,860 | +2.2% |
| Intangible fixed assets | 21 | €643 | €413 | -€229 | -35.7% |
| Tangible fixed assets | 22/27 | €15,815,708 | €16,166,797 | +€351,089 | +2.2% |
| Land and buildings | 22 | €14,820,289 | €14,224,389 | -€595,900 | -4.0% |
| Plant, machinery and equipment | 23 | €974,728 | €1,885,237 | +€910,508 | +93.4% |
| Furniture and vehicles | 24 | €1,500 | - | -€1,500 | |
| Assets under construction and advance payments | 27 | €19,191 | €57,172 | +€37,981 | +198% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €5,300,775 | €5,972,850 | +€672,075 | +12.7% |
| Amounts receivable within one year | 40/41 | €1,688,496 | €1,979,745 | +€291,249 | +17.2% |
| Trade receivables | 40 | €1,669,977 | €1,979,745 | +€309,768 | +18.5% |
| Other amounts receivable | 41 | €18,519 | - | -€18,519 | |
| Current investments | 50/53 | €849,287 | €1,095,208 | +€245,921 | +29.0% |
| Cash at bank and in hand | 54/58 | €706,036 | €751,099 | +€45,064 | +6.4% |
| Deferred charges and accrued income | 490/1 | €2,056,956 | €2,146,798 | +€89,841 | +4.4% |
| Total equity and liabilities | 10/49 | €21,118,126 | €22,141,061 | +€1.0m | +4.8% |
| Equity | 10/15 | €10,755,636 | €11,225,011 | +€469,375 | +4.4% |
| Contributions | 10/11 | €10,798,588 | €10,798,588 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,952 | €426,423 | +€469,375 | |
| Amounts payable | 17/49 | €10,362,490 | €10,916,050 | +€553,560 | +5.3% |
| Amounts payable after more than one year | 17 | €6,326,964 | €4,928,804 | -€1.4m | -22.1% |
| Financial debts | 170/4 | €5,368,054 | €3,743,054 | -€1.6m | -30.3% |
| Other amounts payable | 178/9 | €958,910 | €1,185,751 | +€226,841 | +23.7% |
| Amounts payable within one year | 42/48 | €2,506,442 | €4,337,030 | +€1.8m | +73.0% |
| Current portion of amounts payable after more than one year | 42 | €1,123,779 | €624,381 | -€499,398 | -44.4% |
| Financial debts | 43 | - | €1,625,000 | +€1.6m | |
| Credit institutions | 430/8 | - | €1,625,000 | +€1.6m | |
| Trade debts | 44 | €1,165,135 | €2,061,642 | +€896,507 | +76.9% |
| Suppliers | 440/4 | €1,165,135 | €2,061,642 | +€896,507 | +76.9% |
| Taxes, remuneration and social security | 45 | €205,172 | €5,821 | -€199,351 | -97.2% |
| Taxes | 450/3 | €205,172 | €5,821 | -€199,351 | -97.2% |
| Other amounts payable | 47/48 | €12,357 | €20,186 | +€7,829 | +63.4% |
| Accrued charges and deferred income | 492/3 | €1,529,084 | €1,650,216 | +€121,132 | +7.9% |
| Turnover | 70 | - | €6,741,701 | +€6.7m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €4,647,151 | +€4.6m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780,020 | €801,847 | +€21,827 | +2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,568 | €111,555 | +€118,124 | |
| Other operating charges | 640/8 | €495,066 | €459,516 | -€35,550 | -7.2% |
| Gross operating margin | 9900 | €1,567,174 | €2,142,367 | +€575,193 | +36.7% |
| Operating profit (loss) | 9901 | €298,656 | €769,449 | +€470,793 | +158% |
| Financial income | 75/76B | €37,251 | €22,275 | -€14,976 | -40.2% |
| Recurring financial income | 75 | €37,251 | €22,275 | -€14,976 | -40.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €378,859 | €322,349 | -€56,510 | -14.9% |
| Recurring financial charges | 65 | €378,859 | €322,349 | -€56,510 | -14.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€42,952 | €469,375 | +€512,326 | |
| Profit (loss) for the period | 9904 | -€42,952 | €469,375 | +€512,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,952 | €469,375 | +€512,326 |
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 30 October 2026 via checked.be.