VAN MESSEM: 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.
VAN MESSEM
Largest movements
- Cash +€3,467
up €3,467 (+23.7%), from €14,652 to €18,120
mainly Net result for the year (+€22,171) and Depreciation (+€1,134)
- Receivables within one year +€2,335
up €2,335 (+183.2%), from €1,275 to €3,610
- Tangible fixed assets -€1,134
down €1,134 (-1.6%), from €70,168 to €69,033
of which Plant, machinery and equipment: -€1,134
- Reserves +€7,171
up €7,171 (+21.6%), from €33,160 to €40,331
of which Distributable reserves: +€7,171
- Trade debts -€1,452
down €1,452 (-49.1%), from €2,955 to €1,503
- Debts after one year -€1,004
down €1,004 (-7.1%), from €14,068 to €13,064
of which Financial debts: -€1,004
- Gross operating margin +€12,243
up €12,243 (+68.2%), from €17,960 to €30,203
- Taxes -€2,335
down €2,335 (-72.4%), from €3,225 to €890
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 | €86,095 | €90,763 | +€4,668 | +5.4% |
| Fixed assets | 21/28 | €70,168 | €69,033 | -€1,134 | -1.6% |
| Tangible fixed assets | 22/27 | €70,168 | €69,033 | -€1,134 | -1.6% |
| Land and buildings | 22 | €66,373 | €66,373 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,794 | €2,660 | -€1,134 | -29.9% |
| Current assets | 29/58 | €15,927 | €21,729 | +€5,802 | +36.4% |
| Amounts receivable within one year | 40/41 | €1,275 | €3,610 | +€2,335 | +183.2% |
| Other amounts receivable | 41 | €1,275 | €3,610 | +€2,335 | +183.2% |
| Cash at bank and in hand | 54/58 | €14,652 | €18,120 | +€3,467 | +23.7% |
| Total equity and liabilities | 10/49 | €86,095 | €90,763 | +€4,668 | +5.4% |
| Equity | 10/15 | €66,601 | €73,772 | +€7,171 | +10.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €33,160 | €40,331 | +€7,171 | +21.6% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Distributable reserves | 133 | €31,285 | €38,456 | +€7,171 | +22.9% |
| Profit (loss) carried forward | 14 | €14,691 | €14,691 | = | 0.0% |
| Amounts payable | 17/49 | €19,494 | €16,991 | -€2,503 | -12.8% |
| Amounts payable after more than one year | 17 | €14,068 | €13,064 | -€1,004 | -7.1% |
| Financial debts | 170/4 | €2,718 | €1,714 | -€1,004 | -36.9% |
| Other amounts payable | 178/9 | €11,350 | €11,350 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,426 | €3,927 | -€1,499 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €1,051 | €1,004 | -€47 | -4.5% |
| Financial debts | 43 | €1,420 | €1,420 | = | 0.0% |
| Credit institutions | 430/8 | €1,420 | €1,420 | = | 0.0% |
| Trade debts | 44 | €2,955 | €1,503 | -€1,452 | -49.1% |
| Suppliers | 440/4 | €2,955 | €1,503 | -€1,452 | -49.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,134 | €1,134 | = | 0.0% |
| Other operating charges | 640/8 | €3,711 | €3,830 | +€119 | +3.2% |
| Non-recurring operating charges | 66A | - | €1,950 | +€1,950 | |
| Gross operating margin | 9900 | €17,960 | €30,203 | +€12,243 | +68.2% |
| Operating profit (loss) | 9901 | €13,114 | €23,289 | +€10,175 | +77.6% |
| Financial charges | 65/66B | €213 | €228 | +€15 | +7.0% |
| Recurring financial charges | 65 | €213 | €228 | +€15 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €12,901 | €23,061 | +€10,160 | +78.7% |
| Income taxes | 67/77 | €3,225 | €890 | -€2,335 | -72.4% |
| Profit (loss) for the period | 9904 | €9,676 | €22,171 | +€12,495 | +129.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,676 | €22,171 | +€12,495 | +129.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.