MEC EUROPE: what changed
What changed
MEC EUROPE
NACE 46.851, Wholesale of industrial chemicals
filed annual accounts (NBB)
Net result for the year
€236,840
2024 · €481,856-€245,016
Equity
€5.8m
2024 · €5.7m+€96,840
Cash
€2.9m
2024 · €2.4m+€447,664
Balance sheet total
€7.6m
2024 · €6.8m+€786,124
Largest movements
Assets
- Current investments +€1.0m
new in 2025: €1.0m
- Cash +€447,664
up €447,664 (+18.6%), from €2.4m to €2.9m
mainly Provisions (+€465,202) and Receivables within one year (+€402,777)
- Receivables within one year -€402,777
down €402,777 (-24.2%), from €1.7m to €1.3m
of which Trade receivables: -€384,672
- Stocks and contracts -€325,814
down €325,814 (-23.5%), from €1.4m to €1.1m
- Tangible fixed assets +€76,105
up €76,105 (+6.3%), from €1.2m to €1.3m
of which Plant, machinery and equipment: +€80,868
Equity and liabilities
- Provisions +€465,202
up €465,202 (+863%), from €53,894 to €519,096
- Advances received -€182,226
no longer reported in 2025 (was €182,226)
- Tax, wage and social debts +€167,991
up €167,991 (+33.5%), from €500,905 to €668,896
of which Remuneration and social security: +€170,057
- Trade debts +€133,716
up €133,716 (+47.6%), from €281,082 to €414,798
- Other debts +€104,600
up €104,600 (+295%), from €35,400 to €140,000
Income statement
- Provisions +€464,223
up €464,223 (+47,429%), from €979 to €465,202
- Gross operating margin +€429,314
up €429,314 (+14.9%), from €2.9m to €3.3m
- Staff costs +€193,726
up €193,726 (+9.3%), from €2.1m to €2.3m
- Financial income -€53,540
down €53,540 (-98.8%), from €54,194 to €654
- Taxes -€43,627
down €43,627 (-28.2%), from €154,475 to €110,849
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.
Result 2024
€481,856
Gross operating margin
+€429,314
Staff costs
-€193,726
Depreciation
-€5,444
Write-downs
+€6,541
Provisions
-€464,223
Other operating charges
-€20,349
Financial income
-€53,540
Financial charges
+€12,784
Taxes
+€43,627
Result 2025
€236,840
raises the resultlowers the result
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.
From operations
+€1.8m
Investment
-€1.2m
Financing
-€140,000
Cash 2024
€2.4m
From operations (derived)
+€1.8m
Net result for the year
+€236,840
Depreciation
+€161,692
Stocks and contracts
+€325,814
Receivables within one year
+€402,777
Deferred charges and accrued income
+€9,054
Provisions
+€465,202
Trade debts
+€133,716
Tax, wage and social debts
+€167,991
Advances received
-€182,226
Other debts
+€104,600
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€237,797
Current investments
-€1.0m
Financing
-€140,000
Contributions, distributions and other
-€140,000
Cash 2025
€2.9m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,769,384 | €7,555,508 | +€786,124 | +11.6% |
| Fixed assets | 21/28 | €1,253,833 | €1,329,938 | +€76,105 | +6.1% |
| Tangible fixed assets | 22/27 | €1,204,619 | €1,280,724 | +€76,105 | +6.3% |
| Land and buildings | 22 | €814,773 | €835,730 | +€20,957 | +2.6% |
| Plant, machinery and equipment | 23 | €267,374 | €348,243 | +€80,868 | +30.2% |
| Furniture and vehicles | 24 | €122,472 | €96,752 | -€25,720 | -21.0% |
| Financial fixed assets | 28 | €49,215 | €49,215 | = | 0.0% |
| Current assets | 29/58 | €5,515,551 | €6,225,570 | +€710,019 | +12.9% |
| Stocks and contracts in progress | 3 | €1,386,794 | €1,060,980 | -€325,814 | -23.5% |
| Stocks | 30/36 | €1,386,794 | €1,060,980 | -€325,814 | -23.5% |
| Amounts receivable within one year | 40/41 | €1,662,428 | €1,259,651 | -€402,777 | -24.2% |
| Trade receivables | 40 | €1,564,910 | €1,180,237 | -€384,672 | -24.6% |
| Other amounts receivable | 41 | €97,518 | €79,413 | -€18,105 | -18.6% |
| Current investments | 50/53 | - | €1,000,000 | +€1.0m | |
| Cash at bank and in hand | 54/58 | €2,410,239 | €2,857,902 | +€447,664 | +18.6% |
| Deferred charges and accrued income | 490/1 | €56,091 | €47,037 | -€9,054 | -16.1% |
| Total equity and liabilities | 10/49 | €6,769,384 | €7,555,508 | +€786,124 | +11.6% |
| Equity | 10/15 | €5,715,878 | €5,812,718 | +€96,840 | +1.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €157,016 | €157,016 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €57,016 | €57,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,558,862 | €4,655,702 | +€96,840 | +2.1% |
| Provisions and deferred taxes | 16 | €53,894 | €519,096 | +€465,202 | +863% |
| Provisions for liabilities and charges | 160/5 | €53,894 | €519,096 | +€465,202 | +863% |
| Pensions and similar obligations | 160 | €17,883 | €17,883 | = | 0.0% |
| Other liabilities and charges | 164/5 | €36,011 | €501,213 | +€465,202 | +1,292% |
| Amounts payable | 17/49 | €999,613 | €1,223,694 | +€224,082 | +22.4% |
| Amounts payable within one year | 42/48 | €999,613 | €1,223,694 | +€224,082 | +22.4% |
| Trade debts | 44 | €281,082 | €414,798 | +€133,716 | +47.6% |
| Suppliers | 440/4 | €281,082 | €414,798 | +€133,716 | +47.6% |
| Advances received on contracts in progress | 46 | €182,226 | - | -€182,226 | |
| Taxes, remuneration and social security | 45 | €500,905 | €668,896 | +€167,991 | +33.5% |
| Taxes | 450/3 | €18,811 | €16,745 | -€2,066 | -11.0% |
| Remuneration and social security | 454/9 | €482,094 | €652,151 | +€170,057 | +35.3% |
| Other amounts payable | 47/48 | €35,400 | €140,000 | +€104,600 | +295% |
| Remuneration, social security and pensions | 62 | €2,078,823 | €2,272,549 | +€193,726 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €156,248 | €161,692 | +€5,444 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,541 | - | -€6,541 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €979 | €465,202 | +€464,223 | +47,429% |
| Other operating charges | 640/8 | €25,975 | €46,323 | +€20,349 | +78.3% |
| Gross operating margin | 9900 | €2,888,290 | €3,317,604 | +€429,314 | +14.9% |
| Operating profit (loss) | 9901 | €619,725 | €371,838 | -€247,887 | -40.0% |
| Financial income | 75/76B | €54,194 | €654 | -€53,540 | -98.8% |
| Recurring financial income | 75 | €54,194 | €654 | -€53,540 | -98.8% |
| Financial charges | 65/66B | €37,587 | €24,803 | -€12,784 | -34.0% |
| Recurring financial charges | 65 | €37,587 | €24,803 | -€12,784 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €636,332 | €347,689 | -€288,643 | -45.4% |
| Income taxes | 67/77 | €154,475 | €110,849 | -€43,627 | -28.2% |
| Profit (loss) for the period | 9904 | €481,856 | €236,840 | -€245,016 | -50.8% |
| Transfer from tax-exempt reserves | 789 | €93 | - | -€93 | |
| Profit (loss) for the period to be appropriated | 9905 | €481,949 | €236,840 | -€245,109 | -50.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 6 November 2026 via checked.be.