MECADIS: 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.
MECADIS
Largest movements
- Receivables within one year +€87,776
up €87,776 (+29.7%), from €295,626 to €383,402
of which Trade receivables: +€101,522
- Cash -€11,235
down €11,235 (-70.8%), from €15,872 to €4,637
mainly Receivables within one year (-€87,776) and Net result for the year (-€60,718)
- Stocks and contracts +€7,439
up €7,439 (+7.1%), from €104,933 to €112,372
- Trade debts +€111,500
up €111,500 (+34.6%), from €322,141 to €433,642
- Profit (loss) carried forward -€60,718
down €60,718 (-71.7%), from €84,703 to €23,985
- Advances received +€29,508
new in 2025: €29,508
- Tax, wage and social debts +€7,198
up €7,198 (+30.9%), from €23,271 to €30,469
of which Taxes: +€9,750
- Gross operating margin -€59,342
down €59,342 (-39.4%), from €150,442 to €91,100
- Depreciation +€6,522
up €6,522 (+126%), from €5,168 to €11,691
- Write-downs +€5,328
new in 2025: €5,328
- Staff costs +€5,015
up €5,015 (+3.9%), from €127,067 to €132,083
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.
Derived cash bridge
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 | €473,715 | €556,583 | +€82,868 | +17.5% |
| Fixed assets | 21/28 | €28,101 | €27,199 | -€902 | -3.2% |
| Tangible fixed assets | 22/27 | €26,494 | €25,592 | -€902 | -3.4% |
| Plant, machinery and equipment | 23 | - | €4,789 | +€4,789 | |
| Furniture and vehicles | 24 | €24,237 | €17,942 | -€6,295 | -26.0% |
| Other tangible fixed assets | 26 | €2,257 | €2,860 | +€603 | +26.7% |
| Financial fixed assets | 28 | €1,607 | €1,607 | = | 0.0% |
| Current assets | 29/58 | €445,614 | €529,384 | +€83,770 | +18.8% |
| Stocks and contracts in progress | 3 | €104,933 | €112,372 | +€7,439 | +7.1% |
| Stocks | 30/36 | €104,933 | €112,372 | +€7,439 | +7.1% |
| Amounts receivable within one year | 40/41 | €295,626 | €383,402 | +€87,776 | +29.7% |
| Trade receivables | 40 | €272,380 | €373,902 | +€101,522 | +37.3% |
| Other amounts receivable | 41 | €23,246 | €9,500 | -€13,746 | -59.1% |
| Current investments | 50/53 | €9,134 | €9,173 | +€39 | +0.4% |
| Cash at bank and in hand | 54/58 | €15,872 | €4,637 | -€11,235 | -70.8% |
| Deferred charges and accrued income | 490/1 | €20,049 | €19,799 | -€250 | -1.2% |
| Total equity and liabilities | 10/49 | €473,715 | €556,583 | +€82,868 | +17.5% |
| Equity | 10/15 | €105,163 | €44,445 | -€60,718 | -57.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,703 | €23,985 | -€60,718 | -71.7% |
| Amounts payable | 17/49 | €368,552 | €512,137 | +€143,586 | +39.0% |
| Amounts payable after more than one year | 17 | €18,518 | €13,669 | -€4,850 | -26.2% |
| Financial debts | 170/4 | €18,518 | €13,669 | -€4,850 | -26.2% |
| Amounts payable within one year | 42/48 | €350,033 | €498,469 | +€148,435 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €4,621 | €4,850 | +€229 | +4.9% |
| Trade debts | 44 | €322,141 | €433,642 | +€111,500 | +34.6% |
| Suppliers | 440/4 | €322,141 | €433,642 | +€111,500 | +34.6% |
| Advances received on contracts in progress | 46 | - | €29,508 | +€29,508 | |
| Taxes, remuneration and social security | 45 | €23,271 | €30,469 | +€7,198 | +30.9% |
| Taxes | 450/3 | €804 | €10,554 | +€9,750 | +1,212% |
| Remuneration and social security | 454/9 | €22,467 | €19,915 | -€2,552 | -11.4% |
| Remuneration, social security and pensions | 62 | €127,067 | €132,083 | +€5,015 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,168 | €11,691 | +€6,522 | +126% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,328 | +€5,328 | |
| Other operating charges | 640/8 | €1,302 | €701 | -€601 | -46.2% |
| Gross operating margin | 9900 | €150,442 | €91,100 | -€59,342 | -39.4% |
| Operating profit (loss) | 9901 | €16,904 | -€58,702 | -€75,606 | |
| Financial income | 75/76B | €234 | €962 | +€729 | +312% |
| Recurring financial income | 75 | €234 | €962 | +€729 | +312% |
| Financial charges | 65/66B | €3,643 | €2,822 | -€821 | -22.5% |
| Recurring financial charges | 65 | €3,643 | €2,822 | -€821 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €13,496 | -€60,561 | -€74,057 | |
| Income taxes | 67/77 | €174 | €157 | -€18 | -10.2% |
| Profit (loss) for the period | 9904 | €13,321 | -€60,718 | -€74,039 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,321 | -€60,718 | -€74,039 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.