b. mechelen: 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.
b. mechelen
Largest movements
- Stocks and contracts +€81,462
up €81,462 (+294%), from €27,665 to €109,128
- Cash -€79,882
down €79,882 (-98.3%), from €81,226 to €1,343
mainly Stocks and contracts (-€81,462) and Receivables within one year (-€24,505)
- Receivables within one year +€24,505
up €24,505 (+34.4%), from €71,137 to €95,642
of which Other amounts receivable: +€38,209
- Tangible fixed assets -€14,455
down €14,455 (-23.6%), from €61,318 to €46,862
of which Other tangible fixed assets: -€13,517
- Trade debts +€27,059
up €27,059 (+233%), from €11,609 to €38,669
- Debts after one year -€13,109
down €13,109 (-100%), from €13,109 to €0
- Gross operating margin -€37,030
down €37,030 (-64.6%), from €57,291 to €20,262
- Write-downs +€2,340
new in 2025: €2,340
- Depreciation +€717
up €717 (+4.0%), from €17,852 to €18,569
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.
Derived cash bridge
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 | €242,772 | €254,823 | +€12,051 | +5.0% |
| Formation expenses | 20 | €213 | €63 | -€151 | -70.6% |
| Fixed assets | 21/28 | €61,318 | €46,862 | -€14,455 | -23.6% |
| Tangible fixed assets | 22/27 | €61,318 | €46,862 | -€14,455 | -23.6% |
| Furniture and vehicles | 24 | €3,210 | €2,272 | -€938 | -29.2% |
| Other tangible fixed assets | 26 | €58,107 | €44,590 | -€13,517 | -23.3% |
| Current assets | 29/58 | €181,241 | €207,898 | +€26,657 | +14.7% |
| Stocks and contracts in progress | 3 | €27,665 | €109,128 | +€81,462 | +294% |
| Stocks | 30/36 | €27,665 | €109,128 | +€81,462 | +294% |
| Amounts receivable within one year | 40/41 | €71,137 | €95,642 | +€24,505 | +34.4% |
| Trade receivables | 40 | €71,137 | €57,432 | -€13,705 | -19.3% |
| Other amounts receivable | 41 | - | €38,209 | +€38,209 | |
| Cash at bank and in hand | 54/58 | €81,226 | €1,343 | -€79,882 | -98.3% |
| Deferred charges and accrued income | 490/1 | €1,213 | €1,786 | +€572 | +47.2% |
| Total equity and liabilities | 10/49 | €242,772 | €254,823 | +€12,051 | +5.0% |
| Equity | 10/15 | €28,254 | €29,852 | +€1,597 | +5.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Capital | 10 | €50,000 | - | -€50,000 | |
| Issued capital | 100 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | -€21,746 | -€20,148 | +€1,597 | +7.3% |
| Amounts payable | 17/49 | €214,518 | €224,972 | +€10,454 | +4.9% |
| Amounts payable after more than one year | 17 | €13,109 | €0 | -€13,109 | -100% |
| Financial debts | 170/4 | €13,109 | €0 | -€13,109 | -100% |
| Amounts payable within one year | 42/48 | €27,300 | €52,085 | +€24,785 | +90.8% |
| Current portion of amounts payable after more than one year | 42 | €14,158 | €13,109 | -€1,049 | -7.4% |
| Trade debts | 44 | €11,609 | €38,669 | +€27,059 | +233% |
| Suppliers | 440/4 | €11,609 | €38,669 | +€27,059 | +233% |
| Taxes, remuneration and social security | 45 | €1,533 | €0 | -€1,533 | -100% |
| Taxes | 450/3 | €1,533 | €0 | -€1,533 | -100% |
| Other amounts payable | 47/48 | - | €307 | +€307 | |
| Accrued charges and deferred income | 492/3 | €174,109 | €172,887 | -€1,222 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,852 | €18,569 | +€717 | +4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,340 | +€2,340 | |
| Other operating charges | 640/8 | €735 | €772 | +€37 | +5.0% |
| Non-recurring operating charges | 66A | - | €1,572 | +€1,572 | |
| Gross operating margin | 9900 | €57,291 | €20,262 | -€37,030 | -64.6% |
| Operating profit (loss) | 9901 | €38,704 | -€2,991 | -€41,695 | |
| Financial income | 75/76B | €5,912 | €5,701 | -€211 | -3.6% |
| Recurring financial income | 75 | €5,912 | €5,701 | -€211 | -3.6% |
| Financial charges | 65/66B | €1,065 | €1,113 | +€48 | +4.5% |
| Recurring financial charges | 65 | €1,065 | €1,113 | +€48 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €43,551 | €1,597 | -€41,954 | -96.3% |
| Profit (loss) for the period | 9904 | €43,551 | €1,597 | -€41,954 | -96.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,551 | €1,597 | -€41,954 | -96.3% |
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 23 October 2026 via checked.be.