M.E.B. MECANIQUE: 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.
M.E.B. MECANIQUE
Largest movements
- Tangible fixed assets +€31,018
up €31,018 (+10.6%), from €293,284 to €324,302
of which Furniture and vehicles: +€34,452
- Cash -€25,470
down €25,470 (-21.0%), from €121,106 to €95,636
mainly Investment in fixed assets (net) (-€58,755) and Contributions, distributions and other (-€51,242)
- Reserves +€98,852
up €98,852 (+63.4%), from €156,039 to €254,891
of which Distributable reserves: +€98,852
- Profit (loss) carried forward -€50,000
down €50,000 (-33.4%), from €149,790 to €99,790
- Tax, wage and social debts -€43,190
down €43,190 (-67.2%), from €64,259 to €21,069
of which Taxes: -€45,450
- Trade debts -€17,322
down €17,322 (-40.0%), from €43,350 to €26,028
- Debts after one year +€11,824
up €11,824 (+18.8%), from €62,779 to €74,603
- Gross operating margin +€65,765
up €65,765 (+39.3%), from €167,392 to €233,158
- Taxes +€17,679
up €17,679 (+63.3%), from €27,941 to €45,620
- Financial income -€12,122
down €12,122 (-69.2%), from €17,509 to €5,387
of which Non-recurring financial income: -€10,644
- Financial charges -€10,486
down €10,486 (-65.0%), from €16,133 to €5,647
- Staff costs +€7,872
up €7,872 (+16.6%), from €47,515 to €55,387
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 | €568,321 | €571,793 | +€3,472 | +0.6% |
| Fixed assets | 21/28 | €293,284 | €324,302 | +€31,018 | +10.6% |
| Tangible fixed assets | 22/27 | €293,284 | €324,302 | +€31,018 | +10.6% |
| Land and buildings | 22 | €277,456 | €271,080 | -€6,376 | -2.3% |
| Plant, machinery and equipment | 23 | €10,646 | €13,588 | +€2,942 | +27.6% |
| Furniture and vehicles | 24 | €5,182 | €39,634 | +€34,452 | +665% |
| Current assets | 29/58 | €275,037 | €247,491 | -€27,545 | -10.0% |
| Stocks and contracts in progress | 3 | €20,094 | €23,717 | +€3,623 | +18.0% |
| Stocks | 30/36 | €20,094 | €23,717 | +€3,623 | +18.0% |
| Amounts receivable within one year | 40/41 | €127,672 | €123,549 | -€4,123 | -3.2% |
| Trade receivables | 40 | €74,645 | €84,418 | +€9,773 | +13.1% |
| Other amounts receivable | 41 | €53,026 | €39,131 | -€13,896 | -26.2% |
| Cash at bank and in hand | 54/58 | €121,106 | €95,636 | -€25,470 | -21.0% |
| Deferred charges and accrued income | 490/1 | €6,165 | €4,590 | -€1,576 | -25.6% |
| Total equity and liabilities | 10/49 | €568,321 | €571,793 | +€3,472 | +0.6% |
| Equity | 10/15 | €344,007 | €391,617 | +€47,610 | +13.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €156,039 | €254,891 | +€98,852 | +63.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €153,039 | €251,891 | +€98,852 | +64.6% |
| Profit (loss) carried forward | 14 | €149,790 | €99,790 | -€50,000 | -33.4% |
| Investment grants | 15 | €8,178 | €6,936 | -€1,242 | -15.2% |
| Amounts payable | 17/49 | €224,314 | €180,176 | -€44,137 | -19.7% |
| Amounts payable after more than one year | 17 | €62,779 | €74,603 | +€11,824 | +18.8% |
| Financial debts | 170/4 | €62,779 | €74,603 | +€11,824 | +18.8% |
| Amounts payable within one year | 42/48 | €161,535 | €105,574 | -€55,961 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €18,926 | €23,476 | +€4,550 | +24.0% |
| Trade debts | 44 | €43,350 | €26,028 | -€17,322 | -40.0% |
| Suppliers | 440/4 | €43,350 | €26,028 | -€17,322 | -40.0% |
| Taxes, remuneration and social security | 45 | €64,259 | €21,069 | -€43,190 | -67.2% |
| Taxes | 450/3 | €60,990 | €15,540 | -€45,450 | -74.5% |
| Remuneration and social security | 454/9 | €3,269 | €5,529 | +€2,260 | +69.1% |
| Other amounts payable | 47/48 | €35,000 | €35,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €47,515 | €55,387 | +€7,872 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,597 | €27,737 | +€1,140 | +4.3% |
| Other operating charges | 640/8 | €4,068 | €5,302 | +€1,234 | +30.3% |
| Non-recurring operating charges | 66A | €704 | - | -€704 | |
| Gross operating margin | 9900 | €167,392 | €233,158 | +€65,765 | +39.3% |
| Operating profit (loss) | 9901 | €88,508 | €144,732 | +€56,224 | +63.5% |
| Financial income | 75/76B | €17,509 | €5,387 | -€12,122 | -69.2% |
| Recurring financial income | 75 | €6,865 | €5,387 | -€1,479 | -21.5% |
| Non-recurring financial income | 76B | €10,644 | - | -€10,644 | |
| Financial charges | 65/66B | €16,133 | €5,647 | -€10,486 | -65.0% |
| Recurring financial charges | 65 | €16,133 | €5,647 | -€10,486 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €89,884 | €144,472 | +€54,587 | +60.7% |
| Income taxes | 67/77 | €27,941 | €45,620 | +€17,679 | +63.3% |
| Profit (loss) for the period | 9904 | €61,944 | €98,852 | +€36,908 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | €61,944 | €98,852 | +€36,908 | +59.6% |
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 18 October 2026 via checked.be.