MEC² - TFT: 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.
MEC² - TFT
Largest movements
- Financial fixed assets +€60,000
up €60,000 (+120.0%), from €50,000 to €110,000
- Cash -€25,209
down €25,209 (-77.8%), from €32,413 to €7,205
mainly Investment in fixed assets (net) (-€61,045) and Tax, wage and social debts (-€5,741)
- Receivables within one year -€22,290
down €22,290 (-42.3%), from €52,676 to €30,386
of which Trade receivables: -€24,339
- Tangible fixed assets -€6,565
down €6,565 (-18.5%), from €35,484 to €28,919
of which Furniture and vehicles: -€5,479
- Profit (loss) carried forward +€20,699
up €20,699 (+144.3%), from €14,339 to €35,038
- Tax, wage and social debts -€5,741
down €5,741 (-51.4%), from €11,162 to €5,421
of which Taxes: -€5,879
- Debts after one year -€4,800
down €4,800 (-24.2%), from €19,869 to €15,069
- Other debts -€4,635
down €4,635 (-7.7%), from €60,072 to €55,437
- Trade debts +€2,965
up €2,965 (+8.8%), from €33,792 to €36,756
- Depreciation +€4,889
up €4,889 (+179.7%), from €2,721 to €7,610
- Taxes -€1,548
down €1,548 (-14.7%), from €10,509 to €8,961
- Gross operating margin -€1,072
down €1,072 (-1.5%), from €70,399 to €69,327
- Staff costs +€842
up €842 (+3.2%), from €26,644 to €27,487
- Financial income +€750
up €750 (+91.5%), from €820 to €1,570
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 | €173,317 | €179,254 | +€5,937 | +3.4% |
| Fixed assets | 21/28 | €85,484 | €138,919 | +€53,435 | +62.5% |
| Tangible fixed assets | 22/27 | €35,484 | €28,919 | -€6,565 | -18.5% |
| Plant, machinery and equipment | 23 | €9,229 | €8,144 | -€1,085 | -11.8% |
| Furniture and vehicles | 24 | €26,255 | €20,775 | -€5,479 | -20.9% |
| Financial fixed assets | 28 | €50,000 | €110,000 | +€60,000 | +120.0% |
| Current assets | 29/58 | €87,834 | €40,335 | -€47,499 | -54.1% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,676 | €30,386 | -€22,290 | -42.3% |
| Trade receivables | 40 | €37,099 | €12,761 | -€24,339 | -65.6% |
| Other amounts receivable | 41 | €15,577 | €17,625 | +€2,049 | +13.2% |
| Cash at bank and in hand | 54/58 | €32,413 | €7,205 | -€25,209 | -77.8% |
| Deferred charges and accrued income | 490/1 | €244 | €244 | = | 0.0% |
| Total equity and liabilities | 10/49 | €173,317 | €179,254 | +€5,937 | +3.4% |
| Equity | 10/15 | €39,220 | €59,919 | +€20,699 | +52.8% |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Capital | 10 | €8,600 | €8,600 | = | 0.0% |
| Issued capital | 100 | €19,600 | €19,600 | = | 0.0% |
| Uncalled capital | 101 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | €16,280 | €16,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,420 | €14,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,339 | €35,038 | +€20,699 | +144.3% |
| Amounts payable | 17/49 | €134,098 | €119,335 | -€14,762 | -11.0% |
| Amounts payable after more than one year | 17 | €19,869 | €15,069 | -€4,800 | -24.2% |
| Financial debts | 170/4 | €19,869 | €15,069 | -€4,800 | -24.2% |
| Amounts payable within one year | 42/48 | €110,599 | €103,365 | -€7,235 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €4,624 | €4,800 | +€176 | +3.8% |
| Trade debts | 44 | €33,792 | €36,756 | +€2,965 | +8.8% |
| Suppliers | 440/4 | €33,792 | €36,756 | +€2,965 | +8.8% |
| Advances received on contracts in progress | 46 | €950 | €950 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,162 | €5,421 | -€5,741 | -51.4% |
| Taxes | 450/3 | €6,039 | €160 | -€5,879 | -97.3% |
| Remuneration and social security | 454/9 | €5,123 | €5,261 | +€138 | +2.7% |
| Other amounts payable | 47/48 | €60,072 | €55,437 | -€4,635 | -7.7% |
| Accrued charges and deferred income | 492/3 | €3,629 | €901 | -€2,728 | -75.2% |
| Remuneration, social security and pensions | 62 | €26,644 | €27,487 | +€842 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,721 | €7,610 | +€4,889 | +179.7% |
| Other operating charges | 640/8 | €4,060 | €4,569 | +€509 | +12.5% |
| Gross operating margin | 9900 | €70,399 | €69,327 | -€1,072 | -1.5% |
| Operating profit (loss) | 9901 | €36,974 | €29,662 | -€7,313 | -19.8% |
| Financial income | 75/76B | €820 | €1,570 | +€750 | +91.5% |
| Recurring financial income | 75 | €820 | €1,570 | +€750 | +91.5% |
| Financial charges | 65/66B | €840 | €1,571 | +€731 | +87.1% |
| Recurring financial charges | 65 | €840 | €1,248 | +€408 | +48.6% |
| Non-recurring financial charges | 66B | - | €323 | +€323 | |
| Profit (loss) for the period before taxes | 9903 | €36,954 | €29,660 | -€7,294 | -19.7% |
| Income taxes | 67/77 | €10,509 | €8,961 | -€1,548 | -14.7% |
| Profit (loss) for the period | 9904 | €26,445 | €20,699 | -€5,746 | -21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €26,445 | €20,699 | -€5,746 | -21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.