MESSIO: what changed
MESSIO
Largest movements
- Cash +€34,320
up €34,320 (+85.2%), from €40,274 to €74,594
mainly Net result for the year (+€29,806) and Receivables within one year (+€7,122)
- Receivables within one year -€7,122
down €7,122 (-33.4%), from €21,305 to €14,183
of which Other amounts receivable: -€11,804
- Reserves +€29,806
up €29,806 (+40.1%), from €74,310 to €104,115
- Tax, wage and social debts -€3,155
down €3,155 (-26.5%), from €11,900 to €8,745
of which Taxes: -€1,980
- Gross operating margin +€19,446
up €19,446 (+62.6%), from €31,062 to €50,508
- Taxes +€5,913
up €5,913 (+58.7%), from €10,066 to €15,979
- Other operating charges -€1,779
down €1,779 (-75.0%), from €2,371 to €593
- Depreciation -€1,755
down €1,755 (-32.1%), from €5,468 to €3,713
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 | €188,490 | €214,308 | +€25,818 | +13.7% |
| Fixed assets | 21/28 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Tangible fixed assets | 22/27 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Furniture and vehicles | 24 | €6,911 | €5,249 | -€1,662 | -24.0% |
| Current assets | 29/58 | €181,579 | €209,059 | +€27,480 | +15.1% |
| Amounts receivable within one year | 40/41 | €21,305 | €14,183 | -€7,122 | -33.4% |
| Trade receivables | 40 | €7,563 | €12,245 | +€4,683 | +61.9% |
| Other amounts receivable | 41 | €13,743 | €1,938 | -€11,804 | -85.9% |
| Current investments | 50/53 | €120,000 | €120,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,274 | €74,594 | +€34,320 | +85.2% |
| Deferred charges and accrued income | 490/1 | - | €281 | +€281 | |
| Total equity and liabilities | 10/49 | €188,490 | €214,308 | +€25,818 | +13.7% |
| Equity | 10/15 | €175,988 | €204,961 | +€28,973 | +16.5% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €74,310 | €104,115 | +€29,806 | +40.1% |
| Distributable reserves | 133 | €74,310 | €104,115 | +€29,806 | +40.1% |
| Profit (loss) carried forward | 14 | €88,479 | €87,646 | -€833 | -0.9% |
| Amounts payable | 17/49 | €12,501 | €9,347 | -€3,154 | -25.2% |
| Amounts payable within one year | 42/48 | €12,501 | €9,347 | -€3,154 | -25.2% |
| Trade debts | 44 | - | €19 | +€19 | |
| Suppliers | 440/4 | - | €19 | +€19 | |
| Taxes, remuneration and social security | 45 | €11,900 | €8,745 | -€3,155 | -26.5% |
| Taxes | 450/3 | €10,725 | €8,745 | -€1,980 | -18.5% |
| Remuneration and social security | 454/9 | €1,175 | - | -€1,175 | |
| Other amounts payable | 47/48 | €601 | €583 | -€18 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €3,713 | -€1,755 | -32.1% |
| Other operating charges | 640/8 | €2,371 | €593 | -€1,779 | -75.0% |
| Non-recurring operating charges | 66A | - | €289 | +€289 | |
| Gross operating margin | 9900 | €31,062 | €50,508 | +€19,446 | +62.6% |
| Operating profit (loss) | 9901 | €23,223 | €45,914 | +€22,691 | +97.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €380 | €129 | -€251 | -66.0% |
| Recurring financial charges | 65 | €380 | €129 | -€251 | -66.0% |
| Profit (loss) for the period before taxes | 9903 | €22,843 | €45,785 | +€22,942 | +100% |
| Income taxes | 67/77 | €10,066 | €15,979 | +€5,913 | +58.7% |
| Profit (loss) for the period | 9904 | €12,777 | €29,806 | +€17,029 | +133% |
| Transfer from tax-exempt reserves | 789 | €3,850 | - | -€3,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,627 | €29,806 | +€13,179 | +79.3% |
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.