MEC: what changed
Two fiscal 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.
MEC
Largest movements
- Cash +€111,550
up €111,550 (+335.9%), from €33,214 to €144,764
mainly Net result for the year (+€75,843) and Tax, wage and social debts (+€22,931)
- Receivables within one year -€13,201
down €13,201 (-30.9%), from €42,677 to €29,475
of which Trade receivables: -€12,964
- Reserves +€75,843
up €75,843 (+144.4%), from €52,537 to €128,380
- Tax, wage and social debts +€22,931
up €22,931 (+218.0%), from €10,520 to €33,451
- Gross operating margin +€65,989
up €65,989 (+169.6%), from €38,918 to €104,907
- Taxes +€17,912
up €17,912 (+170.3%), from €10,521 to €28,433
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 | €75,891 | €174,240 | +€98,349 | +129.6% |
| Current assets | 29/58 | €75,891 | €174,240 | +€98,349 | +129.6% |
| Amounts receivable within one year | 40/41 | €42,677 | €29,475 | -€13,201 | -30.9% |
| Trade receivables | 40 | €42,435 | €29,471 | -€12,964 | -30.6% |
| Other amounts receivable | 41 | €242 | €5 | -€237 | -98.1% |
| Cash at bank and in hand | 54/58 | €33,214 | €144,764 | +€111,550 | +335.9% |
| Total equity and liabilities | 10/49 | €75,891 | €174,240 | +€98,349 | +129.6% |
| Equity | 10/15 | €64,537 | €140,380 | +€75,843 | +117.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €52,537 | €128,380 | +€75,843 | +144.4% |
| Distributable reserves | 133 | €52,537 | €128,380 | +€75,843 | +144.4% |
| Amounts payable | 17/49 | €11,354 | €33,860 | +€22,506 | +198.2% |
| Amounts payable within one year | 42/48 | €11,354 | €33,860 | +€22,506 | +198.2% |
| Trade debts | 44 | €630 | €300 | -€330 | -52.4% |
| Suppliers | 440/4 | €630 | €300 | -€330 | -52.4% |
| Taxes, remuneration and social security | 45 | €10,520 | €33,451 | +€22,931 | +218.0% |
| Taxes | 450/3 | €10,520 | €33,451 | +€22,931 | +218.0% |
| Other amounts payable | 47/48 | €204 | €109 | -€95 | -46.4% |
| Other operating charges | 640/8 | €291 | €397 | +€106 | +36.5% |
| Gross operating margin | 9900 | €38,918 | €104,907 | +€65,989 | +169.6% |
| Operating profit (loss) | 9901 | €38,628 | €104,510 | +€65,882 | +170.6% |
| Financial charges | 65/66B | €51 | €234 | +€183 | +356.9% |
| Recurring financial charges | 65 | €51 | €234 | +€183 | +356.9% |
| Profit (loss) for the period before taxes | 9903 | €38,577 | €104,276 | +€65,700 | +170.3% |
| Income taxes | 67/77 | €10,521 | €28,433 | +€17,912 | +170.3% |
| Profit (loss) for the period | 9904 | €28,056 | €75,843 | +€47,787 | +170.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,056 | €75,843 | +€47,787 | +170.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.