W. MESTEROM BEHEER: what changed
W. MESTEROM BEHEER
Largest movements
- Receivables within one year +€406,289
up €406,289 (+2,956%), from €13,745 to €420,035
of which Other amounts receivable: +€398,424
- Cash -€8,836
down €8,836 (-25.1%), from €35,218 to €26,382
mainly Receivables within one year (-€406,289) and Other debts (-€122,900)
- Reserves +€470,401
up €470,401 (+2,434%), from €19,328 to €489,729
of which Distributable reserves: +€470,401
- Other debts -€122,900
no longer reported in 2025 (was €122,900)
- Tax, wage and social debts +€49,773
new in 2025: €49,773
- Financial income +€462,578
up €462,578 (+1,236%), from €37,423 to €500,002
- Taxes +€47,040
new in 2025: €47,040
- Gross operating margin +€25,997
up €25,997, from -€3,088 to €22,910
- Financial charges -€1,306
down €1,306 (-21.1%), from €6,198 to €4,891
- Other operating charges -€288
down €288 (-33.2%), from €866 to €579
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 | €227,538 | €624,992 | +€397,454 | +175% |
| Fixed assets | 21/28 | €178,575 | €178,575 | = | 0.0% |
| Financial fixed assets | 28 | €178,575 | €178,575 | = | 0.0% |
| Current assets | 29/58 | €48,963 | €446,417 | +€397,454 | +812% |
| Amounts receivable within one year | 40/41 | €13,745 | €420,035 | +€406,289 | +2,956% |
| Trade receivables | 40 | - | €7,865 | +€7,865 | |
| Other amounts receivable | 41 | €13,745 | €412,170 | +€398,424 | +2,899% |
| Cash at bank and in hand | 54/58 | €35,218 | €26,382 | -€8,836 | -25.1% |
| Total equity and liabilities | 10/49 | €227,538 | €624,992 | +€397,454 | +175% |
| Equity | 10/15 | €101,434 | €571,835 | +€470,401 | +464% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €19,328 | €489,729 | +€470,401 | +2,434% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €13,178 | €483,579 | +€470,401 | +3,570% |
| Profit (loss) carried forward | 14 | €20,606 | €20,606 | = | 0.0% |
| Amounts payable | 17/49 | €126,104 | €53,156 | -€72,948 | -57.8% |
| Amounts payable within one year | 42/48 | €122,900 | €49,773 | -€73,127 | -59.5% |
| Taxes, remuneration and social security | 45 | - | €49,773 | +€49,773 | |
| Taxes | 450/3 | - | €49,773 | +€49,773 | |
| Other amounts payable | 47/48 | €122,900 | - | -€122,900 | |
| Accrued charges and deferred income | 492/3 | €3,204 | €3,383 | +€179 | +5.6% |
| Other operating charges | 640/8 | €866 | €579 | -€288 | -33.2% |
| Gross operating margin | 9900 | -€3,088 | €22,910 | +€25,997 | |
| Operating profit (loss) | 9901 | -€3,954 | €22,331 | +€26,285 | |
| Financial income | 75/76B | €37,423 | €500,002 | +€462,578 | +1,236% |
| Recurring financial income | 75 | €37,423 | €500,002 | +€462,578 | +1,236% |
| Financial charges | 65/66B | €6,198 | €4,891 | -€1,306 | -21.1% |
| Recurring financial charges | 65 | €6,198 | €4,891 | -€1,306 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €27,272 | €517,441 | +€490,170 | +1,797% |
| Income taxes | 67/77 | - | €47,040 | +€47,040 | |
| Profit (loss) for the period | 9904 | €27,272 | €470,401 | +€443,129 | +1,625% |
| Profit (loss) for the period to be appropriated | 9905 | €27,272 | €470,401 | +€443,129 | +1,625% |
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 4 November 2026 via checked.be.