Mec - Tec: 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 - Tec
Largest movements
- Cash -€23,014
down €23,014 (-48.6%), from €47,343 to €24,329
mainly Trade debts (-€56,816) and Debts after one year (-€14,570)
- Stocks and contracts -€19,728
down €19,728 (-45.1%), from €43,713 to €23,985
of which Contracts in progress: -€17,016
- Tangible fixed assets -€11,318
down €11,318 (-21.9%), from €51,671 to €40,353
of which Land and buildings: -€7,995
- Receivables within one year -€4,187
down €4,187 (-3.3%), from €125,768 to €121,580
of which Other amounts receivable: -€4,315
- Deferred charges and accrued income +€4,020
new in 2025: €4,020
- Trade debts -€56,816
down €56,816 (-56.7%), from €100,206 to €43,390
- Debts after one year -€14,570
down €14,570 (-26.7%), from €54,564 to €39,994
- Tax, wage and social debts +€13,399
up €13,399 (+21.9%), from €61,272 to €74,671
of which Taxes: +€7,874
- Reserves +€9,883
up €9,883 (+104%), from €9,465 to €19,348
of which Distributable reserves: +€9,883
- Accrued charges and deferred income -€8,107
down €8,107 (-35.3%), from €22,973 to €14,866
- Staff costs +€23,138
up €23,138 (+20.2%), from €114,653 to €137,791
- Gross operating margin +€14,084
up €14,084 (+9.0%), from €156,869 to €170,953
- Depreciation -€2,862
down €2,862 (-18.1%), from €15,774 to €12,912
- Taxes +€1,941
up €1,941 (+48.3%), from €4,017 to €5,958
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 | €268,495 | €214,267 | -€54,228 | -20.2% |
| Fixed assets | 21/28 | €51,671 | €40,353 | -€11,318 | -21.9% |
| Tangible fixed assets | 22/27 | €51,671 | €40,353 | -€11,318 | -21.9% |
| Land and buildings | 22 | €37,804 | €29,809 | -€7,995 | -21.1% |
| Plant, machinery and equipment | 23 | €13,472 | €10,437 | -€3,036 | -22.5% |
| Furniture and vehicles | 24 | €395 | €108 | -€287 | -72.7% |
| Current assets | 29/58 | €216,824 | €173,914 | -€42,910 | -19.8% |
| Stocks and contracts in progress | 3 | €43,713 | €23,985 | -€19,728 | -45.1% |
| Stocks | 30/36 | €23,741 | €21,029 | -€2,713 | -11.4% |
| Contracts in progress | 37 | €19,972 | €2,956 | -€17,016 | -85.2% |
| Amounts receivable within one year | 40/41 | €125,768 | €121,580 | -€4,187 | -3.3% |
| Trade receivables | 40 | €121,453 | €121,580 | +€128 | +0.1% |
| Other amounts receivable | 41 | €4,315 | - | -€4,315 | |
| Cash at bank and in hand | 54/58 | €47,343 | €24,329 | -€23,014 | -48.6% |
| Deferred charges and accrued income | 490/1 | - | €4,020 | +€4,020 | |
| Total equity and liabilities | 10/49 | €268,495 | €214,267 | -€54,228 | -20.2% |
| Equity | 10/15 | €15,665 | €25,548 | +€9,883 | +63.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,465 | €19,348 | +€9,883 | +104% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €7,605 | €17,488 | +€9,883 | +130% |
| Amounts payable | 17/49 | €252,830 | €188,719 | -€64,111 | -25.4% |
| Amounts payable after more than one year | 17 | €54,564 | €39,994 | -€14,570 | -26.7% |
| Financial debts | 170/4 | €54,564 | €39,994 | -€14,570 | -26.7% |
| Amounts payable within one year | 42/48 | €175,294 | €133,860 | -€41,434 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €13,816 | €14,570 | +€754 | +5.5% |
| Trade debts | 44 | €100,206 | €43,390 | -€56,816 | -56.7% |
| Suppliers | 440/4 | €100,206 | €43,390 | -€56,816 | -56.7% |
| Taxes, remuneration and social security | 45 | €61,272 | €74,671 | +€13,399 | +21.9% |
| Taxes | 450/3 | €4,149 | €12,023 | +€7,874 | +190% |
| Remuneration and social security | 454/9 | €57,123 | €62,648 | +€5,525 | +9.7% |
| Other amounts payable | 47/48 | - | €1,229 | +€1,229 | |
| Accrued charges and deferred income | 492/3 | €22,973 | €14,866 | -€8,107 | -35.3% |
| Remuneration, social security and pensions | 62 | €114,653 | €137,791 | +€23,138 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,774 | €12,912 | -€2,862 | -18.1% |
| Other operating charges | 640/8 | €2,392 | €2,753 | +€360 | +15.1% |
| Gross operating margin | 9900 | €156,869 | €170,953 | +€14,084 | +9.0% |
| Operating profit (loss) | 9901 | €24,050 | €17,498 | -€6,552 | -27.2% |
| Financial income | 75/76B | €8 | €1,673 | +€1,665 | +19,841% |
| Recurring financial income | 75 | €8 | €1,673 | +€1,665 | +19,841% |
| Financial charges | 65/66B | €4,439 | €3,329 | -€1,110 | -25.0% |
| Recurring financial charges | 65 | €4,439 | €3,329 | -€1,110 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €19,619 | €15,841 | -€3,778 | -19.3% |
| Income taxes | 67/77 | €4,017 | €5,958 | +€1,941 | +48.3% |
| Profit (loss) for the period | 9904 | €15,602 | €9,883 | -€5,718 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,602 | €9,883 | -€5,718 | -36.7% |
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 14 October 2026 via checked.be.