MECA: 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.
MECA
Largest movements
- Cash -€68,396
down €68,396 (-100.0%), from €68,396 to €0
mainly Debts after one year (-€75,432) and Net result for the year (-€51,450)
- Tangible fixed assets -€50,898
down €50,898 (-13.3%), from €383,614 to €332,716
of which Plant, machinery and equipment: -€32,863
- Stocks and contracts +€19,229
up €19,229 (+28.4%), from €67,775 to €87,004
- Deferred charges and accrued income +€17,448
up €17,448 (+1582.2%), from €1,103 to €18,551
- Debts after one year -€75,432
down €75,432 (-31.1%), from €242,679 to €167,247
- Reserves -€51,450
down €51,450 (-42.9%), from €119,835 to €68,386
- Short-term financial debts +€25,726
up €25,726 (+64.3%), from €40,000 to €65,726
- Other debts +€24,867
up €24,867 (+123.9%), from €20,062 to €44,929
- Tax, wage and social debts -€14,610
down €14,610 (-64.0%), from €22,814 to €8,204
of which Taxes: -€11,067
- Gross operating margin -€136,588
down €136,588 (-50.9%), from €268,335 to €131,746
- Taxes -€25,092
down €25,092, from €21,533 to -€3,559
- Staff costs -€17,189
down €17,189 (-15.5%), from €110,883 to €93,695
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €560,910 | €478,076 | -€82,834 | -14.8% |
| Fixed assets | 21/28 | €384,064 | €333,166 | -€50,898 | -13.3% |
| Tangible fixed assets | 22/27 | €383,614 | €332,716 | -€50,898 | -13.3% |
| Land and buildings | 22 | €249,771 | €227,846 | -€21,924 | -8.8% |
| Plant, machinery and equipment | 23 | €128,368 | €95,505 | -€32,863 | -25.6% |
| Furniture and vehicles | 24 | €5,476 | €9,365 | +€3,889 | +71.0% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €176,846 | €144,910 | -€31,936 | -18.1% |
| Stocks and contracts in progress | 3 | €67,775 | €87,004 | +€19,229 | +28.4% |
| Stocks | 30/36 | €67,775 | €87,004 | +€19,229 | +28.4% |
| Amounts receivable within one year | 40/41 | €39,572 | €39,355 | -€217 | -0.5% |
| Trade receivables | 40 | €39,572 | €39,355 | -€217 | -0.5% |
| Cash at bank and in hand | 54/58 | €68,396 | €0 | -€68,396 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,103 | €18,551 | +€17,448 | +1582.2% |
| Total equity and liabilities | 10/49 | €560,910 | €478,076 | -€82,834 | -14.8% |
| Equity | 10/15 | €139,835 | €88,386 | -€51,450 | -36.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €119,835 | €68,386 | -€51,450 | -42.9% |
| Distributable reserves | 133 | €119,835 | €68,386 | -€51,450 | -42.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €421,075 | €389,691 | -€31,384 | -7.5% |
| Amounts payable after more than one year | 17 | €242,679 | €167,247 | -€75,432 | -31.1% |
| Financial debts | 170/4 | €242,679 | €167,247 | -€75,432 | -31.1% |
| Amounts payable within one year | 42/48 | €178,396 | €222,444 | +€44,048 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | €73,966 | €75,432 | +€1,466 | +2.0% |
| Financial debts | 43 | €40,000 | €65,726 | +€25,726 | +64.3% |
| Credit institutions | 430/8 | €40,000 | €65,726 | +€25,726 | +64.3% |
| Trade debts | 44 | €21,554 | €28,152 | +€6,598 | +30.6% |
| Suppliers | 440/4 | €21,554 | €28,152 | +€6,598 | +30.6% |
| Taxes, remuneration and social security | 45 | €22,814 | €8,204 | -€14,610 | -64.0% |
| Taxes | 450/3 | €11,552 | €485 | -€11,067 | -95.8% |
| Remuneration and social security | 454/9 | €11,262 | €7,719 | -€3,543 | -31.5% |
| Other amounts payable | 47/48 | €20,062 | €44,929 | +€24,867 | +123.9% |
| Remuneration, social security and pensions | 62 | €110,883 | €93,695 | -€17,189 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,719 | €70,908 | -€811 | -1.1% |
| Other operating charges | 640/8 | €3,772 | €3,738 | -€35 | -0.9% |
| Gross operating margin | 9900 | €268,335 | €131,746 | -€136,588 | -50.9% |
| Operating profit (loss) | 9901 | €81,960 | -€36,594 | -€118,554 | |
| Financial income | 75/76B | €96 | €17 | -€78 | -82.0% |
| Recurring financial income | 75 | €96 | €17 | -€78 | -82.0% |
| Financial charges | 65/66B | €20,671 | €18,432 | -€2,239 | -10.8% |
| Recurring financial charges | 65 | €20,671 | €18,432 | -€2,239 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €61,385 | -€55,009 | -€116,394 | |
| Income taxes | 67/77 | €21,533 | -€3,559 | -€25,092 | |
| Profit (loss) for the period | 9904 | €39,852 | -€51,450 | -€91,302 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,852 | -€51,450 | -€91,302 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.