MECABO: 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.
MECABO
Largest movements
- Stocks and contracts -€57,089
down €57,089 (-12.7%), from €448,873 to €391,783
- Tangible fixed assets -€13,933
down €13,933 (-15.2%), from €91,919 to €77,986
of which Furniture and vehicles: -€13,861
- Cash -€10,091
down €10,091 (-61.8%), from €16,321 to €6,230
mainly Short-term financial debts (-€38,860) and Trade debts (-€24,922)
- Short-term financial debts -€38,860
no longer reported in 2024 (was €38,860)
- Trade debts -€24,922
down €24,922 (-14.3%), from €174,536 to €149,614
- Debts after one year -€20,686
down €20,686 (-96.5%), from €21,430 to €744
- Profit (loss) carried forward +€11,140
up €11,140 (+23.7%), from €47,055 to €58,195
- Current portion of long-term debt -€8,746
down €8,746 (-29.0%), from €30,179 to €21,433
- Gross operating margin +€43,228
up €43,228 (+14.0%), from €309,661 to €352,890
- Staff costs +€16,127
up €16,127 (+5.8%), from €279,141 to €295,268
- Write-downs -€11,236
no longer reported in 2024 (was €11,236)
- Other operating charges +€7,209
up €7,209 (+205%), from €3,512 to €10,720
- Taxes +€6,353
up €6,353 (+1,806%), from €352 to €6,704
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.
Derived cash bridge
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 | €736,139 | €657,609 | -€78,531 | -10.7% |
| Fixed assets | 21/28 | €91,968 | €78,035 | -€13,933 | -15.1% |
| Tangible fixed assets | 22/27 | €91,919 | €77,986 | -€13,933 | -15.2% |
| Plant, machinery and equipment | 23 | €24,486 | €20,040 | -€4,446 | -18.2% |
| Furniture and vehicles | 24 | €49,650 | €35,789 | -€13,861 | -27.9% |
| Other tangible fixed assets | 26 | €17,783 | €22,157 | +€4,374 | +24.6% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €644,171 | €579,574 | -€64,598 | -10.0% |
| Stocks and contracts in progress | 3 | €448,873 | €391,783 | -€57,089 | -12.7% |
| Stocks | 30/36 | €448,873 | €391,783 | -€57,089 | -12.7% |
| Amounts receivable within one year | 40/41 | €176,862 | €179,417 | +€2,555 | +1.4% |
| Trade receivables | 40 | €149,945 | €159,425 | +€9,480 | +6.3% |
| Other amounts receivable | 41 | €26,917 | €19,992 | -€6,925 | -25.7% |
| Cash at bank and in hand | 54/58 | €16,321 | €6,230 | -€10,091 | -61.8% |
| Deferred charges and accrued income | 490/1 | €2,115 | €2,142 | +€27 | +1.3% |
| Total equity and liabilities | 10/49 | €736,139 | €657,609 | -€78,531 | -10.7% |
| Equity | 10/15 | €169,870 | €180,786 | +€10,916 | +6.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €103,768 | €103,768 | = | 0.0% |
| Distributable reserves | 133 | €103,768 | €103,768 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,055 | €58,195 | +€11,140 | +23.7% |
| Investment grants | 15 | €447 | €224 | -€224 | -50.0% |
| Provisions and deferred taxes | 16 | €207 | €104 | -€104 | -50.0% |
| Deferred taxes | 168 | €207 | €104 | -€104 | -50.0% |
| Amounts payable | 17/49 | €566,062 | €476,719 | -€89,343 | -15.8% |
| Amounts payable after more than one year | 17 | €21,430 | €744 | -€20,686 | -96.5% |
| Financial debts | 170/4 | €21,430 | €744 | -€20,686 | -96.5% |
| Amounts payable within one year | 42/48 | €541,720 | €475,273 | -€66,447 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €30,179 | €21,433 | -€8,746 | -29.0% |
| Financial debts | 43 | €38,860 | - | -€38,860 | |
| Credit institutions | 430/8 | €38,860 | - | -€38,860 | |
| Trade debts | 44 | €174,536 | €149,614 | -€24,922 | -14.3% |
| Suppliers | 440/4 | €174,536 | €149,614 | -€24,922 | -14.3% |
| Advances received on contracts in progress | 46 | €1,741 | €4,313 | +€2,573 | +148% |
| Taxes, remuneration and social security | 45 | €38,544 | €42,895 | +€4,352 | +11.3% |
| Taxes | 450/3 | €13,589 | €17,898 | +€4,309 | +31.7% |
| Remuneration and social security | 454/9 | €24,955 | €24,998 | +€43 | +0.2% |
| Other amounts payable | 47/48 | €257,861 | €257,017 | -€844 | -0.3% |
| Accrued charges and deferred income | 492/3 | €2,912 | €702 | -€2,210 | -75.9% |
| Remuneration, social security and pensions | 62 | €279,141 | €295,268 | +€16,127 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,436 | €27,650 | +€6,214 | +29.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,236 | - | -€11,236 | |
| Other operating charges | 640/8 | €3,512 | €10,720 | +€7,209 | +205% |
| Gross operating margin | 9900 | €309,661 | €352,890 | +€43,228 | +14.0% |
| Operating profit (loss) | 9901 | -€5,663 | €19,251 | +€24,914 | |
| Financial income | 75/76B | €3,198 | €2,901 | -€296 | -9.3% |
| Recurring financial income | 75 | €3,198 | €2,901 | -€296 | -9.3% |
| Financial charges | 65/66B | €6,981 | €4,412 | -€2,570 | -36.8% |
| Recurring financial charges | 65 | €6,981 | €4,412 | -€2,570 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,446 | €17,741 | +€27,187 | |
| Transfer from deferred taxes | 780 | €104 | €104 | = | 0.0% |
| Income taxes | 67/77 | €352 | €6,704 | +€6,353 | +1,806% |
| Profit (loss) for the period | 9904 | -€9,695 | €11,140 | +€20,835 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,695 | €11,140 | +€20,835 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.