Ets. MECABRIDE: 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.
Ets. MECABRIDE
Largest movements
- Receivables within one year +€325,212
up €325,212 (+109%), from €299,018 to €624,230
of which Trade receivables: +€312,591
- Cash -€224,042
down €224,042 (-36.5%), from €613,158 to €389,116
mainly Receivables within one year (-€325,212) and Investment in fixed assets (net) (-€171,347)
- Tangible fixed assets +€99,913
up €99,913 (+60.7%), from €164,520 to €264,433
of which Leasing and similar rights: +€106,419
- Stocks and contracts +€32,332
up €32,332 (+37.8%), from €85,623 to €117,955
of which Contracts in progress: +€33,534
- Reserves +€124,119
up €124,119 (+13.1%), from €948,159 to €1.1m
of which Distributable reserves: +€124,119
- Debts after one year +€80,520
new in 2025: €80,520
- Advances received +€58,089
up €58,089 (+165%), from €35,100 to €93,189
- Other debts -€28,046
down €28,046 (-26.3%), from €106,616 to €78,570
- Provisions -€24,139
down €24,139 (-45.0%), from €53,611 to €29,472
- Gross operating margin -€184,818
down €184,818 (-14.6%), from €1.3m to €1.1m
- Provisions -€58,293
down €58,293, from €34,154 to -€24,139
- Staff costs -€44,738
down €44,738 (-5.8%), from €774,036 to €729,298
- Taxes -€39,369
down €39,369 (-30.5%), from €129,281 to €89,911
- Depreciation +€22,456
up €22,456 (+45.8%), from €48,978 to €71,435
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 | €1,394,862 | €1,616,587 | +€221,725 | +15.9% |
| Fixed assets | 21/28 | €164,520 | €264,433 | +€99,913 | +60.7% |
| Tangible fixed assets | 22/27 | €164,520 | €264,433 | +€99,913 | +60.7% |
| Plant, machinery and equipment | 23 | €51,360 | €66,798 | +€15,438 | +30.1% |
| Furniture and vehicles | 24 | €107,351 | €86,145 | -€21,207 | -19.8% |
| Leasing and similar rights | 25 | - | €106,419 | +€106,419 | |
| Other tangible fixed assets | 26 | €5,808 | €5,071 | -€737 | -12.7% |
| Current assets | 29/58 | €1,230,343 | €1,352,155 | +€121,812 | +9.9% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €85,623 | €117,955 | +€32,332 | +37.8% |
| Stocks | 30/36 | €58,783 | €57,581 | -€1,202 | -2.0% |
| Contracts in progress | 37 | €26,840 | €60,374 | +€33,534 | +125% |
| Amounts receivable within one year | 40/41 | €299,018 | €624,230 | +€325,212 | +109% |
| Trade receivables | 40 | €299,018 | €611,609 | +€312,591 | +105% |
| Other amounts receivable | 41 | - | €12,621 | +€12,621 | |
| Cash at bank and in hand | 54/58 | €613,158 | €389,116 | -€224,042 | -36.5% |
| Deferred charges and accrued income | 490/1 | €32,543 | €20,854 | -€11,689 | -35.9% |
| Total equity and liabilities | 10/49 | €1,394,862 | €1,616,587 | +€221,725 | +15.9% |
| Equity | 10/15 | €968,077 | €1,090,588 | +€122,511 | +12.7% |
| Contributions | 10/11 | €14,635 | €14,635 | = | 0.0% |
| Reserves | 13 | €948,159 | €1,072,278 | +€124,119 | +13.1% |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €947,839 | €1,071,958 | +€124,119 | +13.1% |
| Investment grants | 15 | €5,284 | €3,676 | -€1,608 | -30.4% |
| Provisions and deferred taxes | 16 | €53,611 | €29,472 | -€24,139 | -45.0% |
| Provisions for liabilities and charges | 160/5 | €53,611 | €29,472 | -€24,139 | -45.0% |
| Environmental obligations | 163 | €53,611 | €29,472 | -€24,139 | -45.0% |
| Amounts payable | 17/49 | €373,174 | €496,527 | +€123,353 | +33.1% |
| Amounts payable after more than one year | 17 | - | €80,520 | +€80,520 | |
| Financial debts | 170/4 | - | €80,520 | +€80,520 | |
| Amounts payable within one year | 42/48 | €369,474 | €412,507 | +€43,033 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €7,969 | €24,156 | +€16,187 | +203% |
| Trade debts | 44 | €85,528 | €71,368 | -€14,160 | -16.6% |
| Suppliers | 440/4 | €85,528 | €71,368 | -€14,160 | -16.6% |
| Advances received on contracts in progress | 46 | €35,100 | €93,189 | +€58,089 | +165% |
| Taxes, remuneration and social security | 45 | €134,262 | €145,224 | +€10,963 | +8.2% |
| Taxes | 450/3 | €25,224 | €38,784 | +€13,561 | +53.8% |
| Remuneration and social security | 454/9 | €109,038 | €106,440 | -€2,598 | -2.4% |
| Other amounts payable | 47/48 | €106,616 | €78,570 | -€28,046 | -26.3% |
| Accrued charges and deferred income | 492/3 | €3,700 | €3,500 | -€200 | -5.4% |
| Remuneration, social security and pensions | 62 | €774,036 | €729,298 | -€44,738 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,978 | €71,435 | +€22,456 | +45.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €34,154 | -€24,139 | -€58,293 | |
| Other operating charges | 640/8 | €3,795 | €8,425 | +€4,631 | +122% |
| Gross operating margin | 9900 | €1,266,729 | €1,081,912 | -€184,818 | -14.6% |
| Operating profit (loss) | 9901 | €405,767 | €296,893 | -€108,873 | -26.8% |
| Financial income | 75/76B | €7,015 | €6,417 | -€598 | -8.5% |
| Recurring financial income | 75 | €7,015 | €6,417 | -€598 | -8.5% |
| Financial charges | 65/66B | €6,206 | €6,584 | +€378 | +6.1% |
| Recurring financial charges | 65 | €6,206 | €6,584 | +€378 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €406,575 | €296,725 | -€109,850 | -27.0% |
| Income taxes | 67/77 | €129,281 | €89,911 | -€39,369 | -30.5% |
| Profit (loss) for the period | 9904 | €277,295 | €206,814 | -€70,480 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €277,295 | €206,814 | -€70,480 | -25.4% |
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 17 October 2026 via checked.be.