MECA-WELDING: 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-WELDING
Largest movements
- Tangible fixed assets -€26,170
down €26,170 (-8.0%), from €327,176 to €301,006
- Cash +€11,735
up €11,735 (+132.6%), from €8,851 to €20,586
mainly Depreciation (+€26,831) and Net result for the year (+€10,481)
- Debts after one year -€13,307
down €13,307 (-7.5%), from €176,473 to €163,166
- Profit (loss) carried forward -€9,519
down €9,519 (-6.1%), from €156,939 to €147,420
- Accrued charges and deferred income +€5,877
new in 2025: €5,877
- Depreciation +€8,250
up €8,250 (+44.4%), from €18,581 to €26,831
- Gross operating margin -€5,054
down €5,054 (-9.9%), from €50,947 to €45,894
- Taxes -€3,234
down €3,234 (-48.2%), from €6,705 to €3,472
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 | €355,633 | €340,289 | -€15,344 | -4.3% |
| Fixed assets | 21/28 | €327,176 | €301,006 | -€26,170 | -8.0% |
| Tangible fixed assets | 22/27 | €327,176 | €301,006 | -€26,170 | -8.0% |
| Land and buildings | 22 | €284,532 | €272,758 | -€11,773 | -4.1% |
| Plant, machinery and equipment | 23 | €11,572 | €8,288 | -€3,284 | -28.4% |
| Furniture and vehicles | 24 | €31,073 | €19,960 | -€11,113 | -35.8% |
| Current assets | 29/58 | €28,457 | €39,283 | +€10,826 | +38.0% |
| Amounts receivable within one year | 40/41 | €19,606 | €17,422 | -€2,184 | -11.1% |
| Trade receivables | 40 | €9,693 | €14,671 | +€4,978 | +51.3% |
| Other amounts receivable | 41 | €9,913 | €2,751 | -€7,162 | -72.2% |
| Cash at bank and in hand | 54/58 | €8,851 | €20,586 | +€11,735 | +132.6% |
| Deferred charges and accrued income | 490/1 | - | €1,275 | +€1,275 | |
| Total equity and liabilities | 10/49 | €355,633 | €340,289 | -€15,344 | -4.3% |
| Equity | 10/15 | €161,939 | €152,420 | -€9,519 | -5.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €156,939 | €147,420 | -€9,519 | -6.1% |
| Amounts payable | 17/49 | €193,694 | €187,869 | -€5,825 | -3.0% |
| Amounts payable after more than one year | 17 | €176,473 | €163,166 | -€13,307 | -7.5% |
| Financial debts | 170/4 | €176,473 | €163,166 | -€13,307 | -7.5% |
| Amounts payable within one year | 42/48 | €17,221 | €18,826 | +€1,605 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €13,072 | €13,307 | +€235 | +1.8% |
| Trade debts | 44 | €3,298 | €4,537 | +€1,238 | +37.6% |
| Suppliers | 440/4 | €3,298 | €4,537 | +€1,238 | +37.6% |
| Other amounts payable | 47/48 | €851 | €982 | +€131 | +15.4% |
| Accrued charges and deferred income | 492/3 | - | €5,877 | +€5,877 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,581 | €26,831 | +€8,250 | +44.4% |
| Other operating charges | 640/8 | €1,867 | €1,727 | -€140 | -7.5% |
| Gross operating margin | 9900 | €50,947 | €45,894 | -€5,054 | -9.9% |
| Operating profit (loss) | 9901 | €30,500 | €17,336 | -€13,164 | -43.2% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €3,871 | €3,383 | -€487 | -12.6% |
| Recurring financial charges | 65 | €3,871 | €3,383 | -€487 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €26,636 | €13,953 | -€12,684 | -47.6% |
| Income taxes | 67/77 | €6,705 | €3,472 | -€3,234 | -48.2% |
| Profit (loss) for the period | 9904 | €19,931 | €10,481 | -€9,450 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,931 | €10,481 | -€9,450 | -47.4% |
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 2 October 2026 via checked.be.