MEBELEC: 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.
MEBELEC
Largest movements
- Receivables within one year -€14,083
down €14,083 (-22.7%), from €61,978 to €47,894
of which Trade receivables: -€15,127
- Current investments -€11,216
down €11,216 (-67.1%), from €16,716 to €5,500
- Stocks and contracts -€8,108
down €8,108 (-17.5%), from €46,261 to €38,153
- Tangible fixed assets -€6,539
down €6,539 (-33.8%), from €19,339 to €12,801
of which Furniture and vehicles: -€6,539
- Cash +€3,080
up €3,080 (+33.1%), from €9,320 to €12,400
mainly Receivables within one year (+€14,083) and Current investments (+€11,216)
- Trade debts -€19,481
down €19,481 (-40.9%), from €47,582 to €28,101
- Debts after one year -€5,611
down €5,611 (-43.6%), from €12,884 to €7,273
- Current portion of long-term debt -€4,798
down €4,798 (-46.1%), from €10,409 to €5,611
- Profit (loss) carried forward -€3,891
down €3,891 (-27.0%), from €14,437 to €10,546
- Gross operating margin -€21,474
down €21,474 (-14.3%), from €150,327 to €128,853
- Depreciation -€6,237
down €6,237 (-48.8%), from €12,776 to €6,539
- Staff costs -€3,414
down €3,414 (-2.7%), from €128,659 to €125,245
- Taxes -€2,190
no longer reported in 2025 (was €2,190)
- Financial charges -€1,597
down €1,597 (-63.8%), from €2,502 to €906
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.
Cash bridge derived
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 | €154,172 | €119,110 | -€35,062 | -22.7% |
| Fixed assets | 21/28 | €19,859 | €13,321 | -€6,539 | -32.9% |
| Tangible fixed assets | 22/27 | €19,339 | €12,801 | -€6,539 | -33.8% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €19,339 | €12,801 | -€6,539 | -33.8% |
| Financial fixed assets | 28 | €520 | €520 | = | 0.0% |
| Current assets | 29/58 | €134,313 | €105,790 | -€28,523 | -21.2% |
| Stocks and contracts in progress | 3 | €46,261 | €38,153 | -€8,108 | -17.5% |
| Stocks | 30/36 | €46,261 | €38,153 | -€8,108 | -17.5% |
| Amounts receivable within one year | 40/41 | €61,978 | €47,894 | -€14,083 | -22.7% |
| Trade receivables | 40 | €57,701 | €42,574 | -€15,127 | -26.2% |
| Other amounts receivable | 41 | €4,277 | €5,321 | +€1,044 | +24.4% |
| Current investments | 50/53 | €16,716 | €5,500 | -€11,216 | -67.1% |
| Cash at bank and in hand | 54/58 | €9,320 | €12,400 | +€3,080 | +33.1% |
| Deferred charges and accrued income | 490/1 | €39 | €1,842 | +€1,803 | +4631.5% |
| Total equity and liabilities | 10/49 | €154,172 | €119,110 | -€35,062 | -22.7% |
| Equity | 10/15 | €54,109 | €50,218 | -€3,891 | -7.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,472 | €33,472 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,612 | €14,612 | = | 0.0% |
| Distributable reserves | 133 | €18,860 | €18,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,437 | €10,546 | -€3,891 | -27.0% |
| Amounts payable | 17/49 | €100,063 | €68,893 | -€31,171 | -31.2% |
| Amounts payable after more than one year | 17 | €12,884 | €7,273 | -€5,611 | -43.6% |
| Financial debts | 170/4 | €12,884 | €7,273 | -€5,611 | -43.6% |
| Amounts payable within one year | 42/48 | €87,179 | €61,620 | -€25,559 | -29.3% |
| Current portion of amounts payable after more than one year | 42 | €10,409 | €5,611 | -€4,798 | -46.1% |
| Trade debts | 44 | €47,582 | €28,101 | -€19,481 | -40.9% |
| Suppliers | 440/4 | €47,582 | €28,101 | -€19,481 | -40.9% |
| Taxes, remuneration and social security | 45 | €18,297 | €17,796 | -€501 | -2.7% |
| Taxes | 450/3 | €2,190 | €2,190 | = | 0.0% |
| Remuneration and social security | 454/9 | €16,107 | €15,607 | -€501 | -3.1% |
| Other amounts payable | 47/48 | €10,892 | €10,112 | -€780 | -7.2% |
| Remuneration, social security and pensions | 62 | €128,659 | €125,245 | -€3,414 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,776 | €6,539 | -€6,237 | -48.8% |
| Other operating charges | 640/8 | €189 | €55 | -€134 | -70.9% |
| Gross operating margin | 9900 | €150,327 | €128,853 | -€21,474 | -14.3% |
| Operating profit (loss) | 9901 | €8,703 | -€2,986 | -€11,689 | |
| Financial income | 75/76B | €0 | €0 | = | |
| Recurring financial income | 75 | €0 | €0 | = | |
| Financial charges | 65/66B | €2,502 | €906 | -€1,597 | -63.8% |
| Recurring financial charges | 65 | €2,502 | €906 | -€1,597 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €6,201 | -€3,891 | -€10,093 | |
| Income taxes | 67/77 | €2,190 | - | -€2,190 | |
| Profit (loss) for the period | 9904 | €4,011 | -€3,891 | -€7,903 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,011 | -€3,891 | -€7,903 |
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 12 October 2026 via checked.be.