M.T. 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.T. MECANIQUE
Largest movements
- Stocks and contracts +€37,451
up €37,451 (+36.0%), from €104,146 to €141,597
- Cash -€31,047
down €31,047 (-59.8%), from €51,881 to €20,834
mainly Other debts (-€41,829) and Stocks and contracts (-€37,451)
- Tangible fixed assets -€20,422
down €20,422 (-9.1%), from €225,257 to €204,835
of which Land and buildings: -€14,142
- Receivables within one year -€8,140
down €8,140 (-20.6%), from €39,561 to €31,422
of which Trade receivables: -€7,818
- Other debts -€41,829
down €41,829 (-98.1%), from €42,629 to €800
- Debts after one year +€36,786
up €36,786 (+338%), from €10,894 to €47,681
of which Other amounts payable: +€44,902
- Current portion of long-term debt -€25,124
down €25,124 (-75.6%), from €33,240 to €8,116
- Reserves +€11,037
up €11,037 (+6.1%), from €182,259 to €193,297
- Tax, wage and social debts +€4,809
up €4,809 (+33.8%), from €14,230 to €19,039
of which Taxes: +€4,435
- Gross operating margin -€11,319
down €11,319 (-15.4%), from €73,437 to €62,117
- Staff costs +€4,868
up €4,868 (+377%), from €1,292 to €6,160
- Taxes -€1,075
down €1,075 (-19.1%), from €5,635 to €4,560
- Financial income +€926
up €926 (+19.5%), from €4,736 to €5,661
- Depreciation -€863
down €863 (-2.5%), from €33,964 to €33,101
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 | €423,272 | €402,570 | -€20,702 | -4.9% |
| Fixed assets | 21/28 | €225,257 | €206,011 | -€19,246 | -8.5% |
| Intangible fixed assets | 21 | - | €1,176 | +€1,176 | |
| Tangible fixed assets | 22/27 | €225,257 | €204,835 | -€20,422 | -9.1% |
| Land and buildings | 22 | €138,984 | €124,842 | -€14,142 | -10.2% |
| Plant, machinery and equipment | 23 | €15,811 | €11,524 | -€4,287 | -27.1% |
| Furniture and vehicles | 24 | €70,461 | €68,469 | -€1,992 | -2.8% |
| Current assets | 29/58 | €198,015 | €196,559 | -€1,456 | -0.7% |
| Stocks and contracts in progress | 3 | €104,146 | €141,597 | +€37,451 | +36.0% |
| Stocks | 30/36 | €104,146 | €141,597 | +€37,451 | +36.0% |
| Amounts receivable within one year | 40/41 | €39,561 | €31,422 | -€8,140 | -20.6% |
| Trade receivables | 40 | €31,933 | €24,115 | -€7,818 | -24.5% |
| Other amounts receivable | 41 | €7,628 | €7,306 | -€322 | -4.2% |
| Current investments | 50/53 | €329 | €331 | +€1 | +0.4% |
| Cash at bank and in hand | 54/58 | €51,881 | €20,834 | -€31,047 | -59.8% |
| Deferred charges and accrued income | 490/1 | €2,098 | €2,376 | +€278 | +13.3% |
| Total equity and liabilities | 10/49 | €423,272 | €402,570 | -€20,702 | -4.9% |
| Equity | 10/15 | €309,572 | €318,958 | +€9,386 | +3.0% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €182,259 | €193,297 | +€11,037 | +6.1% |
| Distributable reserves | 133 | €182,259 | €193,297 | +€11,037 | +6.1% |
| Profit (loss) carried forward | 14 | €40,382 | €40,382 | = | 0.0% |
| Investment grants | 15 | €11,930 | €10,279 | -€1,652 | -13.8% |
| Provisions and deferred taxes | 16 | €1,935 | €1,645 | -€289 | -15.0% |
| Deferred taxes | 168 | €1,935 | €1,645 | -€289 | -15.0% |
| Amounts payable | 17/49 | €111,765 | €81,967 | -€29,798 | -26.7% |
| Amounts payable after more than one year | 17 | €10,894 | €47,681 | +€36,786 | +338% |
| Financial debts | 170/4 | €10,894 | €2,779 | -€8,116 | -74.5% |
| Other amounts payable | 178/9 | - | €44,902 | +€44,902 | |
| Amounts payable within one year | 42/48 | €100,871 | €34,286 | -€66,585 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €33,240 | €8,116 | -€25,124 | -75.6% |
| Trade debts | 44 | €10,773 | €6,332 | -€4,441 | -41.2% |
| Suppliers | 440/4 | €10,773 | €6,332 | -€4,441 | -41.2% |
| Taxes, remuneration and social security | 45 | €14,230 | €19,039 | +€4,809 | +33.8% |
| Taxes | 450/3 | €12,730 | €17,165 | +€4,435 | +34.8% |
| Remuneration and social security | 454/9 | €1,500 | €1,874 | +€374 | +24.9% |
| Other amounts payable | 47/48 | €42,629 | €800 | -€41,829 | -98.1% |
| Remuneration, social security and pensions | 62 | €1,292 | €6,160 | +€4,868 | +377% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,964 | €33,101 | -€863 | -2.5% |
| Other operating charges | 640/8 | €6,122 | €6,836 | +€714 | +11.7% |
| Non-recurring operating charges | 66A | €8,250 | - | -€8,250 | |
| Gross operating margin | 9900 | €73,437 | €62,117 | -€11,319 | -15.4% |
| Operating profit (loss) | 9901 | €23,808 | €16,021 | -€7,788 | -32.7% |
| Financial income | 75/76B | €4,736 | €5,661 | +€926 | +19.5% |
| Recurring financial income | 75 | €4,736 | €5,661 | +€926 | +19.5% |
| Financial charges | 65/66B | €5,660 | €5,574 | -€86 | -1.5% |
| Recurring financial charges | 65 | €5,660 | €5,574 | -€86 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €22,884 | €16,108 | -€6,776 | -29.6% |
| Transfer from deferred taxes | 780 | €289 | €289 | = | 0.0% |
| Income taxes | 67/77 | €5,635 | €4,560 | -€1,075 | -19.1% |
| Profit (loss) for the period | 9904 | €17,539 | €11,837 | -€5,702 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,539 | €11,837 | -€5,702 | -32.5% |
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.