MECA - NORMAL: 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 - NORMAL
Largest movements
- Financial fixed assets -€721,478
down €721,478 (-100.0%), from €721,664 to €186
- Receivables after one year +€502,411
new in 2024: €502,411
- Receivables within one year +€57,210
up €57,210 (+6.1%), from €938,424 to €995,634
of which Trade receivables: +€61,252
- Cash -€52,479
down €52,479 (-59.5%), from €88,212 to €35,733
mainly Receivables after one year (-€502,411) and Contributions, distributions and other (-€366,783)
- Tangible fixed assets +€37,432
up €37,432 (+41.1%), from €91,023 to €128,455
of which Furniture and vehicles: +€26,308
- Profit (loss) carried forward -€506,180
down €506,180, from €180,184 to -€325,996
- Contributions +€150,000
up €150,000 (+114.5%), from €131,000 to €281,000
- Short-term financial debts +€103,016
up €103,016 (+14.6%), from €704,838 to €807,854
- Reserves +€42,000
up €42,000 (+27.6%), from €152,422 to €194,422
of which Non-distributable reserves: +€42,000
- Staff costs +€108,100
up €108,100 (+13.7%), from €787,066 to €895,165
- Gross operating margin -€41,991
down €41,991 (-3.8%), from €1.1m to €1.1m
- Taxes -€34,743
down €34,743 (-52.8%), from €65,786 to €31,042
- Provisions +€23,810
no longer reported in 2024 (was -€23,810)
- Write-downs -€22,660
down €22,660 (-49.9%), from €45,442 to €22,782
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 | €2,387,258 | €2,180,664 | -€206,594 | -8.7% |
| Formation expenses | 20 | - | €9,285 | +€9,285 | |
| Fixed assets | 21/28 | €812,689 | €128,642 | -€684,047 | -84.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €91,023 | €128,455 | +€37,432 | +41.1% |
| Furniture and vehicles | 24 | €88,718 | €115,026 | +€26,308 | +29.7% |
| Other tangible fixed assets | 26 | €2,305 | €8,643 | +€6,338 | +275.0% |
| Assets under construction and advance payments | 27 | - | €4,785 | +€4,785 | |
| Financial fixed assets | 28 | €721,664 | €186 | -€721,478 | -100.0% |
| Current assets | 29/58 | €1,574,570 | €2,042,738 | +€468,168 | +29.7% |
| Amounts receivable after more than one year | 29 | - | €502,411 | +€502,411 | |
| Trade receivables | 290 | - | €502,411 | +€502,411 | |
| Stocks and contracts in progress | 3 | €520,855 | €497,751 | -€23,104 | -4.4% |
| Stocks | 30/36 | €520,855 | €497,751 | -€23,104 | -4.4% |
| Amounts receivable within one year | 40/41 | €938,424 | €995,634 | +€57,210 | +6.1% |
| Trade receivables | 40 | €917,544 | €978,796 | +€61,252 | +6.7% |
| Other amounts receivable | 41 | €20,880 | €16,838 | -€4,042 | -19.4% |
| Cash at bank and in hand | 54/58 | €88,212 | €35,733 | -€52,479 | -59.5% |
| Deferred charges and accrued income | 490/1 | €27,079 | €11,209 | -€15,870 | -58.6% |
| Total equity and liabilities | 10/49 | €2,387,258 | €2,180,664 | -€206,594 | -8.7% |
| Equity | 10/15 | €463,606 | €149,427 | -€314,180 | -67.8% |
| Contributions | 10/11 | €131,000 | €281,000 | +€150,000 | +114.5% |
| Reserves | 13 | €152,422 | €194,422 | +€42,000 | +27.6% |
| Non-distributable reserves | 130/1 | €13,100 | €55,100 | +€42,000 | +320.6% |
| Reserves not available under the articles | 1311 | €13,100 | €55,100 | +€42,000 | +320.6% |
| Tax-exempt reserves | 132 | €77,529 | €77,529 | = | 0.0% |
| Distributable reserves | 133 | €61,794 | €61,794 | = | 0.0% |
| Profit (loss) carried forward | 14 | €180,184 | -€325,996 | -€506,180 | |
| Amounts payable | 17/49 | €1,923,652 | €2,031,238 | +€107,586 | +5.6% |
| Amounts payable after more than one year | 17 | €32,126 | €36,990 | +€4,864 | +15.1% |
| Financial debts | 170/4 | €32,126 | €36,990 | +€4,864 | +15.1% |
| Amounts payable within one year | 42/48 | €1,891,513 | €1,994,248 | +€102,734 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €30,930 | €22,068 | -€8,862 | -28.7% |
| Financial debts | 43 | €704,838 | €807,854 | +€103,016 | +14.6% |
| Credit institutions | 430/8 | €704,838 | €807,854 | +€103,016 | +14.6% |
| Trade debts | 44 | €804,481 | €790,120 | -€14,362 | -1.8% |
| Suppliers | 440/4 | €804,481 | €790,120 | -€14,362 | -1.8% |
| Taxes, remuneration and social security | 45 | €351,211 | €374,207 | +€22,996 | +6.5% |
| Taxes | 450/3 | €168,192 | €115,806 | -€52,386 | -31.1% |
| Remuneration and social security | 454/9 | €183,019 | €258,401 | +€75,382 | +41.2% |
| Other amounts payable | 47/48 | €53 | - | -€53 | |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Non-recurring operating income | 76A | €7,752 | €893 | -€6,859 | -88.5% |
| Remuneration, social security and pensions | 62 | €787,066 | €895,165 | +€108,100 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,191 | €32,102 | -€13,089 | -29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €45,442 | €22,782 | -€22,660 | -49.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€23,810 | - | +€23,810 | |
| Other operating charges | 640/8 | €11,178 | €9,926 | -€1,252 | -11.2% |
| Non-recurring operating charges | 66A | - | €119 | +€119 | |
| Gross operating margin | 9900 | €1,114,560 | €1,072,569 | -€41,991 | -3.8% |
| Operating profit (loss) | 9901 | €249,493 | €112,475 | -€137,018 | -54.9% |
| Financial income | 75/76B | €8 | €15,242 | +€15,234 | +188768.8% |
| Recurring financial income | 75 | €8 | €15,242 | +€15,234 | +188768.8% |
| Financial charges | 65/66B | €50,742 | €44,071 | -€6,671 | -13.1% |
| Recurring financial charges | 65 | €50,742 | €44,071 | -€6,671 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €198,760 | €83,645 | -€115,114 | -57.9% |
| Income taxes | 67/77 | €65,786 | €31,042 | -€34,743 | -52.8% |
| Profit (loss) for the period | 9904 | €132,974 | €52,603 | -€80,371 | -60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €132,974 | €52,603 | -€80,371 | -60.4% |
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 30 September 2026 via checked.be.