LA MECANIQUE - V: what changed
LA MECANIQUE - V
Largest movements
- Tangible fixed assets -€19,500
down €19,500 (-35.4%), from €55,107 to €35,607
of which Furniture and vehicles: -€16,852
- Receivables within one year +€4,731
up €4,731 (+5.3%), from €88,700 to €93,431
of which Trade receivables: +€3,229
- Cash +€4,538
up €4,538 (+22.7%), from €19,993 to €24,530
mainly Tax, wage and social debts (+€15,007) and Net result for the year (+€13,272)
- Deferred charges and accrued income -€4,022
no longer reported in 2025 (was €4,022)
- Trade debts -€21,020
down €21,020 (-61.6%), from €34,145 to €13,124
- Tax, wage and social debts +€15,007
up €15,007 (+644%), from €2,331 to €17,338
- Profit (loss) carried forward +€13,272
up €13,272 (+14.6%), from €90,932 to €104,204
- Other debts -€13,000
down €13,000 (-86.7%), from €15,000 to €2,000
- Current portion of long-term debt -€7,333
no longer reported in 2025 (was €7,333)
- Gross operating margin +€134,186
up €134,186 (+158%), from €85,047 to €219,233
- Staff costs +€45,440
up €45,440 (+38.0%), from €119,662 to €165,103
- Other operating charges +€7,821
up €7,821 (+675%), from €1,159 to €8,980
- Depreciation -€6,051
down €6,051 (-35.7%), from €16,927 to €10,876
- Taxes +€5,231
new in 2025: €5,231
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 | €172,395 | €159,321 | -€13,074 | -7.6% |
| Fixed assets | 21/28 | €55,107 | €35,607 | -€19,500 | -35.4% |
| Tangible fixed assets | 22/27 | €55,107 | €35,607 | -€19,500 | -35.4% |
| Land and buildings | 22 | €7,325 | €6,490 | -€835 | -11.4% |
| Plant, machinery and equipment | 23 | €12,574 | €10,761 | -€1,813 | -14.4% |
| Furniture and vehicles | 24 | €35,208 | €18,356 | -€16,852 | -47.9% |
| Current assets | 29/58 | €117,288 | €123,714 | +€6,426 | +5.5% |
| Stocks and contracts in progress | 3 | €4,573 | €5,753 | +€1,179 | +25.8% |
| Stocks | 30/36 | €4,573 | €5,753 | +€1,179 | +25.8% |
| Amounts receivable within one year | 40/41 | €88,700 | €93,431 | +€4,731 | +5.3% |
| Trade receivables | 40 | €49,121 | €52,350 | +€3,229 | +6.6% |
| Other amounts receivable | 41 | €39,579 | €41,081 | +€1,502 | +3.8% |
| Cash at bank and in hand | 54/58 | €19,993 | €24,530 | +€4,538 | +22.7% |
| Deferred charges and accrued income | 490/1 | €4,022 | - | -€4,022 | |
| Total equity and liabilities | 10/49 | €172,395 | €159,321 | -€13,074 | -7.6% |
| Equity | 10/15 | €113,587 | €126,859 | +€13,272 | +11.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €4,063 | €4,063 | = | 0.0% |
| Distributable reserves | 133 | €4,063 | €4,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | €90,932 | €104,204 | +€13,272 | +14.6% |
| Amounts payable | 17/49 | €58,808 | €32,462 | -€26,346 | -44.8% |
| Amounts payable within one year | 42/48 | €58,808 | €32,462 | -€26,346 | -44.8% |
| Current portion of amounts payable after more than one year | 42 | €7,333 | - | -€7,333 | |
| Trade debts | 44 | €34,145 | €13,124 | -€21,020 | -61.6% |
| Suppliers | 440/4 | €34,145 | €13,124 | -€21,020 | -61.6% |
| Taxes, remuneration and social security | 45 | €2,331 | €17,338 | +€15,007 | +644% |
| Remuneration and social security | 454/9 | €2,331 | €17,338 | +€15,007 | +644% |
| Other amounts payable | 47/48 | €15,000 | €2,000 | -€13,000 | -86.7% |
| Remuneration, social security and pensions | 62 | €119,662 | €165,103 | +€45,440 | +38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,927 | €10,876 | -€6,051 | -35.7% |
| Other operating charges | 640/8 | €1,159 | €8,980 | +€7,821 | +675% |
| Non-recurring operating charges | 66A | - | €12,154 | +€12,154 | |
| Gross operating margin | 9900 | €85,047 | €219,233 | +€134,186 | +158% |
| Operating profit (loss) | 9901 | -€52,701 | €22,120 | +€74,822 | |
| Financial income | 75/76B | €19 | €108 | +€89 | +466% |
| Recurring financial income | 75 | €19 | €108 | +€89 | +466% |
| Financial charges | 65/66B | €2,844 | €3,726 | +€881 | +31.0% |
| Recurring financial charges | 65 | €2,844 | €3,726 | +€881 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,527 | €18,502 | +€74,029 | |
| Income taxes | 67/77 | - | €5,231 | +€5,231 | |
| Profit (loss) for the period | 9904 | -€55,527 | €13,272 | +€68,798 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,527 | €13,272 | +€68,798 |
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.