MEC'HANOT SERVICES: 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.
MEC'HANOT SERVICES
Largest movements
- Receivables within one year +€25,668
up €25,668 (+26.4%), from €97,305 to €122,973
of which Other amounts receivable: +€19,743
- Cash +€14,598
up €14,598 (+26.1%), from €55,983 to €70,581
mainly Depreciation (+€57,725) and Net result for the year (+€51,192)
- Tangible fixed assets +€10,210
up €10,210 (+5.9%), from €173,135 to €183,345
of which Land and buildings: +€8,857
- Profit (loss) carried forward +€51,192
up €51,192 (+23.8%), from €215,408 to €266,599
- Trade debts +€21,132
up €21,132 (+459%), from €4,605 to €25,737
- Debts after one year -€9,295
down €9,295 (-41.4%), from €22,454 to €13,158
- Tax, wage and social debts -€6,684
down €6,684 (-87.0%), from €7,680 to €995
of which Taxes: -€7,680
- Current portion of long-term debt -€6,104
down €6,104 (-39.6%), from €15,399 to €9,295
- Gross operating margin -€36,256
down €36,256 (-22.1%), from €163,865 to €127,608
- Depreciation +€14,264
up €14,264 (+32.8%), from €43,461 to €57,725
- Taxes -€12,138
down €12,138 (-41.9%), from €28,954 to €16,816
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 | €329,634 | €380,375 | +€50,740 | +15.4% |
| Formation expenses | 20 | €1,390 | €834 | -€556 | -40.0% |
| Fixed assets | 21/28 | €173,235 | €183,445 | +€10,210 | +5.9% |
| Tangible fixed assets | 22/27 | €173,135 | €183,345 | +€10,210 | +5.9% |
| Land and buildings | 22 | €18,192 | €27,050 | +€8,857 | +48.7% |
| Plant, machinery and equipment | 23 | €119,467 | €120,371 | +€904 | +0.8% |
| Furniture and vehicles | 24 | €35,476 | €35,924 | +€449 | +1.3% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €155,009 | €196,096 | +€41,087 | +26.5% |
| Amounts receivable within one year | 40/41 | €97,305 | €122,973 | +€25,668 | +26.4% |
| Trade receivables | 40 | €85,991 | €91,915 | +€5,925 | +6.9% |
| Other amounts receivable | 41 | €11,314 | €31,057 | +€19,743 | +174% |
| Cash at bank and in hand | 54/58 | €55,983 | €70,581 | +€14,598 | +26.1% |
| Deferred charges and accrued income | 490/1 | €1,721 | €2,543 | +€821 | +47.7% |
| Total equity and liabilities | 10/49 | €329,634 | €380,375 | +€50,740 | +15.4% |
| Equity | 10/15 | €245,408 | €296,599 | +€51,192 | +20.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €215,408 | €266,599 | +€51,192 | +23.8% |
| Amounts payable | 17/49 | €84,227 | €83,775 | -€451 | -0.5% |
| Amounts payable after more than one year | 17 | €22,454 | €13,158 | -€9,295 | -41.4% |
| Financial debts | 170/4 | €22,454 | €13,158 | -€9,295 | -41.4% |
| Amounts payable within one year | 42/48 | €61,773 | €70,117 | +€8,344 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €15,399 | €9,295 | -€6,104 | -39.6% |
| Trade debts | 44 | €4,605 | €25,737 | +€21,132 | +459% |
| Suppliers | 440/4 | €4,605 | €25,737 | +€21,132 | +459% |
| Taxes, remuneration and social security | 45 | €7,680 | €995 | -€6,684 | -87.0% |
| Taxes | 450/3 | €7,680 | - | -€7,680 | |
| Remuneration and social security | 454/9 | - | €995 | +€995 | |
| Other amounts payable | 47/48 | €34,089 | €34,089 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,461 | €57,725 | +€14,264 | +32.8% |
| Other operating charges | 640/8 | €501 | €413 | -€88 | -17.5% |
| Gross operating margin | 9900 | €163,865 | €127,608 | -€36,256 | -22.1% |
| Operating profit (loss) | 9901 | €119,903 | €69,470 | -€50,433 | -42.1% |
| Financial income | 75/76B | €4 | €41 | +€37 | +989% |
| Recurring financial income | 75 | €4 | €41 | +€37 | +989% |
| Financial charges | 65/66B | €2,236 | €1,503 | -€732 | -32.8% |
| Recurring financial charges | 65 | €2,236 | €1,503 | -€732 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €117,671 | €68,008 | -€49,664 | -42.2% |
| Income taxes | 67/77 | €28,954 | €16,816 | -€12,138 | -41.9% |
| Profit (loss) for the period | 9904 | €88,717 | €51,192 | -€37,526 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,717 | €51,192 | -€37,526 | -42.3% |
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 16 October 2026 via checked.be.