ERIK MECHELMANS: 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.
ERIK MECHELMANS
Largest movements
- Cash +€34,594
up €34,594 (+18.7%), from €184,916 to €219,510
mainly Net result for the year (+€59,557) and Depreciation (+€7,578)
- Receivables after one year +€19,800
up €19,800 (+88.0%), from €22,500 to €42,300
- Tangible fixed assets -€3,304
down €3,304 (-18.0%), from €18,387 to €15,082
of which Furniture and vehicles: -€1,841
- Reserves +€59,557
up €59,557 (+28.7%), from €207,369 to €266,926
- Tax, wage and social debts -€4,741
down €4,741 (-33.3%), from €14,254 to €9,513
- Gross operating margin +€13,264
up €13,264 (+15.4%), from €86,221 to €99,485
- Taxes +€4,270
up €4,270 (+15.1%), from €28,309 to €32,579
- Depreciation +€2,895
up €2,895 (+61.8%), from €4,682 to €7,578
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 | €243,030 | €296,575 | +€53,545 | +22.0% |
| Fixed assets | 21/28 | €18,387 | €15,082 | -€3,304 | -18.0% |
| Tangible fixed assets | 22/27 | €18,387 | €15,082 | -€3,304 | -18.0% |
| Plant, machinery and equipment | 23 | €1,439 | €1,061 | -€378 | -26.3% |
| Furniture and vehicles | 24 | €11,432 | €9,591 | -€1,841 | -16.1% |
| Other tangible fixed assets | 26 | €5,516 | €4,431 | -€1,085 | -19.7% |
| Current assets | 29/58 | €224,643 | €281,492 | +€56,849 | +25.3% |
| Amounts receivable after more than one year | 29 | €22,500 | €42,300 | +€19,800 | +88.0% |
| Other amounts receivable | 291 | €22,500 | €42,300 | +€19,800 | +88.0% |
| Amounts receivable within one year | 40/41 | €15,683 | €17,639 | +€1,956 | +12.5% |
| Trade receivables | 40 | €9,603 | €12,900 | +€3,298 | +34.3% |
| Other amounts receivable | 41 | €6,080 | €4,739 | -€1,342 | -22.1% |
| Cash at bank and in hand | 54/58 | €184,916 | €219,510 | +€34,594 | +18.7% |
| Deferred charges and accrued income | 490/1 | €1,545 | €2,044 | +€499 | +32.3% |
| Total equity and liabilities | 10/49 | €243,030 | €296,575 | +€53,545 | +22.0% |
| Equity | 10/15 | €225,969 | €285,526 | +€59,557 | +26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,369 | €266,926 | +€59,557 | +28.7% |
| Distributable reserves | 133 | €207,369 | €266,926 | +€59,557 | +28.7% |
| Amounts payable | 17/49 | €17,060 | €11,048 | -€6,012 | -35.2% |
| Amounts payable within one year | 42/48 | €17,060 | €11,048 | -€6,012 | -35.2% |
| Trade debts | 44 | €2,807 | €1,536 | -€1,271 | -45.3% |
| Suppliers | 440/4 | €2,807 | €1,536 | -€1,271 | -45.3% |
| Taxes, remuneration and social security | 45 | €14,254 | €9,513 | -€4,741 | -33.3% |
| Taxes | 450/3 | €14,254 | €9,513 | -€4,741 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,682 | €7,578 | +€2,895 | +61.8% |
| Other operating charges | 640/8 | €1,576 | €1,087 | -€490 | -31.1% |
| Gross operating margin | 9900 | €86,221 | €99,485 | +€13,264 | +15.4% |
| Operating profit (loss) | 9901 | €79,962 | €90,821 | +€10,858 | +13.6% |
| Financial income | 75/76B | €1,268 | €1,386 | +€117 | +9.2% |
| Recurring financial income | 75 | €1,268 | €1,386 | +€117 | +9.2% |
| Financial charges | 65/66B | €271 | €70 | -€201 | -74.1% |
| Recurring financial charges | 65 | €271 | €70 | -€201 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | €80,959 | €92,136 | +€11,177 | +13.8% |
| Income taxes | 67/77 | €28,309 | €32,579 | +€4,270 | +15.1% |
| Profit (loss) for the period | 9904 | €52,651 | €59,557 | +€6,907 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,651 | €59,557 | +€6,907 | +13.1% |
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 28 October 2026 via checked.be.