MECADE: what changed
MECADE
Largest movements
- Tangible fixed assets -€6,100
down €6,100 (-12.7%), from €48,174 to €42,074
of which Furniture and vehicles: -€10,738
- Cash +€4,562
up €4,562 (+108%), from €4,233 to €8,795
mainly Depreciation (+€10,795) and Other debts (+€5,000)
- Debts after one year -€9,004
down €9,004 (-27.2%), from €33,149 to €24,144
- Other debts +€5,000
up €5,000 (+999%), from €500 to €5,500
- Current portion of long-term debt +€4,852
up €4,852 (+56.1%), from €8,653 to €13,504
- Tax, wage and social debts -€3,747
down €3,747 (-43.3%), from €8,651 to €4,905
of which Remuneration and social security: -€3,003
- Depreciation +€4,759
up €4,759 (+78.8%), from €6,036 to €10,795
- Gross operating margin -€3,429
down €3,429 (-8.4%), from €40,747 to €37,319
- Taxes -€2,883
down €2,883, from €1,867 to -€1,015
- Other operating charges -€2,051
down €2,051 (-52.1%), from €3,939 to €1,888
- Staff costs +€1,532
up €1,532 (+6.6%), from €23,077 to €24,608
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,139 | €185,638 | -€3,501 | -1.9% |
| Fixed assets | 21/28 | €172,324 | €166,224 | -€6,100 | -3.5% |
| Tangible fixed assets | 22/27 | €48,174 | €42,074 | -€6,100 | -12.7% |
| Plant, machinery and equipment | 23 | - | €4,638 | +€4,638 | |
| Furniture and vehicles | 24 | €48,174 | €37,436 | -€10,738 | -22.3% |
| Financial fixed assets | 28 | €124,150 | €124,150 | = | 0.0% |
| Current assets | 29/58 | €16,815 | €19,414 | +€2,599 | +15.5% |
| Stocks and contracts in progress | 3 | €5,227 | €5,505 | +€278 | +5.3% |
| Stocks | 30/36 | €5,227 | €5,505 | +€278 | +5.3% |
| Amounts receivable within one year | 40/41 | €5,831 | €4,260 | -€1,571 | -26.9% |
| Trade receivables | 40 | €4,698 | €1,737 | -€2,961 | -63.0% |
| Other amounts receivable | 41 | €1,133 | €2,523 | +€1,390 | +123% |
| Cash at bank and in hand | 54/58 | €4,233 | €8,795 | +€4,562 | +108% |
| Deferred charges and accrued income | 490/1 | €1,524 | €854 | -€671 | -44.0% |
| Total equity and liabilities | 10/49 | €189,139 | €185,638 | -€3,501 | -1.9% |
| Equity | 10/15 | €137,875 | €137,571 | -€304 | -0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,275 | €118,971 | -€304 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €117,415 | €117,111 | -€304 | -0.3% |
| Amounts payable | 17/49 | €51,264 | €48,067 | -€3,198 | -6.2% |
| Amounts payable after more than one year | 17 | €33,149 | €24,144 | -€9,004 | -27.2% |
| Financial debts | 170/4 | €33,149 | €24,144 | -€9,004 | -27.2% |
| Amounts payable within one year | 42/48 | €18,116 | €23,922 | +€5,806 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €8,653 | €13,504 | +€4,852 | +56.1% |
| Trade debts | 44 | €312 | €13 | -€298 | -95.7% |
| Suppliers | 440/4 | €312 | €13 | -€298 | -95.7% |
| Taxes, remuneration and social security | 45 | €8,651 | €4,905 | -€3,747 | -43.3% |
| Taxes | 450/3 | €3,564 | €2,820 | -€744 | -20.9% |
| Remuneration and social security | 454/9 | €5,088 | €2,085 | -€3,003 | -59.0% |
| Other amounts payable | 47/48 | €500 | €5,500 | +€5,000 | +999% |
| Remuneration, social security and pensions | 62 | €23,077 | €24,608 | +€1,532 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,036 | €10,795 | +€4,759 | +78.8% |
| Other operating charges | 640/8 | €3,939 | €1,888 | -€2,051 | -52.1% |
| Gross operating margin | 9900 | €40,747 | €37,319 | -€3,429 | -8.4% |
| Operating profit (loss) | 9901 | €7,695 | €27 | -€7,667 | -99.6% |
| Financial income | 75/76B | €160 | €309 | +€149 | +93.2% |
| Recurring financial income | 75 | €160 | €309 | +€149 | +93.2% |
| Financial charges | 65/66B | €1,218 | €1,655 | +€437 | +35.9% |
| Recurring financial charges | 65 | €1,218 | €1,655 | +€437 | +35.9% |
| Profit (loss) for the period before taxes | 9903 | €6,637 | -€1,319 | -€7,955 | |
| Income taxes | 67/77 | €1,867 | -€1,015 | -€2,883 | |
| Profit (loss) for the period | 9904 | €4,769 | -€304 | -€5,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,769 | -€304 | -€5,073 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.