MECAGEN: 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.
MECAGEN
Largest movements
- Tangible fixed assets +€26,907
up €26,907 (+53.2%), from €50,581 to €77,489
of which Furniture and vehicles: +€25,448
- Cash -€21,356
down €21,356 (-19.9%), from €107,166 to €85,810
mainly Investment in fixed assets (net) (-€45,252) and Contributions, distributions and other (-€17,559)
- Receivables within one year +€5,781
up €5,781 (+68.1%), from €8,493 to €14,274
of which Trade receivables: +€5,032
- Intangible fixed assets +€2,952
new in 2025: €2,952
- Stocks and contracts +€2,406
up €2,406 (+8.3%), from €28,915 to €31,321
- Other debts +€14,571
up €14,571 (+260.4%), from €5,595 to €20,166
- Trade debts -€12,486
down €12,486 (-99.1%), from €12,598 to €112
- Reserves +€6,380
up €6,380 (+5.9%), from €107,700 to €114,080
- Current portion of long-term debt +€4,851
up €4,851 (+113.5%), from €4,274 to €9,125
- Tax, wage and social debts +€3,848
up €3,848 (+26.5%), from €14,523 to €18,371
- Gross operating margin +€9,783
up €9,783 (+22.1%), from €44,312 to €54,095
- Depreciation +€2,670
up €2,670 (+21.0%), from €12,722 to €15,393
- Financial charges +€1,824
up €1,824 (+250.7%), from €728 to €2,552
- Other operating charges +€889
up €889 (+129.5%), from €686 to €1,575
- Taxes +€568
up €568 (+5.2%), from €10,965 to €11,533
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 | €199,332 | €217,398 | +€18,067 | +9.1% |
| Fixed assets | 21/28 | €50,581 | €80,440 | +€29,859 | +59.0% |
| Intangible fixed assets | 21 | - | €2,952 | +€2,952 | |
| Tangible fixed assets | 22/27 | €50,581 | €77,489 | +€26,907 | +53.2% |
| Plant, machinery and equipment | 23 | €11,983 | €20,192 | +€8,209 | +68.5% |
| Furniture and vehicles | 24 | €4,085 | €29,533 | +€25,448 | +623.0% |
| Leasing and similar rights | 25 | €34,298 | €27,712 | -€6,586 | -19.2% |
| Other tangible fixed assets | 26 | €216 | €51 | -€165 | -76.3% |
| Current assets | 29/58 | €148,750 | €136,958 | -€11,792 | -7.9% |
| Stocks and contracts in progress | 3 | €28,915 | €31,321 | +€2,406 | +8.3% |
| Stocks | 30/36 | €28,915 | €31,321 | +€2,406 | +8.3% |
| Amounts receivable within one year | 40/41 | €8,493 | €14,274 | +€5,781 | +68.1% |
| Trade receivables | 40 | €8,406 | €13,437 | +€5,032 | +59.9% |
| Other amounts receivable | 41 | €87 | €837 | +€749 | +858.8% |
| Cash at bank and in hand | 54/58 | €107,166 | €85,810 | -€21,356 | -19.9% |
| Deferred charges and accrued income | 490/1 | €4,176 | €5,553 | +€1,377 | +33.0% |
| Total equity and liabilities | 10/49 | €199,332 | €217,398 | +€18,067 | +9.1% |
| Equity | 10/15 | €142,519 | €148,050 | +€5,531 | +3.9% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €107,700 | €114,080 | +€6,380 | +5.9% |
| Distributable reserves | 133 | €107,700 | €114,080 | +€6,380 | +5.9% |
| Profit (loss) carried forward | 14 | €7,319 | €6,470 | -€849 | -11.6% |
| Amounts payable | 17/49 | €56,813 | €69,348 | +€12,535 | +22.1% |
| Amounts payable after more than one year | 17 | €19,815 | €21,541 | +€1,726 | +8.7% |
| Financial debts | 170/4 | €19,815 | €21,541 | +€1,726 | +8.7% |
| Amounts payable within one year | 42/48 | €36,990 | €47,774 | +€10,785 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €4,274 | €9,125 | +€4,851 | +113.5% |
| Trade debts | 44 | €12,598 | €112 | -€12,486 | -99.1% |
| Suppliers | 440/4 | €12,598 | €112 | -€12,486 | -99.1% |
| Taxes, remuneration and social security | 45 | €14,523 | €18,371 | +€3,848 | +26.5% |
| Taxes | 450/3 | €14,523 | €18,371 | +€3,848 | +26.5% |
| Other amounts payable | 47/48 | €5,595 | €20,166 | +€14,571 | +260.4% |
| Accrued charges and deferred income | 492/3 | €8 | €33 | +€25 | +316.7% |
| Non-recurring operating income | 76A | - | €11,579 | +€11,579 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,722 | €15,393 | +€2,670 | +21.0% |
| Other operating charges | 640/8 | €686 | €1,575 | +€889 | +129.5% |
| Gross operating margin | 9900 | €44,312 | €54,095 | +€9,783 | +22.1% |
| Operating profit (loss) | 9901 | €30,904 | €37,127 | +€6,223 | +20.1% |
| Financial income | 75/76B | €318 | €48 | -€270 | -85.0% |
| Recurring financial income | 75 | €318 | €48 | -€270 | -85.0% |
| Financial charges | 65/66B | €728 | €2,552 | +€1,824 | +250.7% |
| Recurring financial charges | 65 | €728 | €2,552 | +€1,824 | +250.7% |
| Profit (loss) for the period before taxes | 9903 | €30,494 | €34,623 | +€4,129 | +13.5% |
| Income taxes | 67/77 | €10,965 | €11,533 | +€568 | +5.2% |
| Profit (loss) for the period | 9904 | €19,529 | €23,090 | +€3,561 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,529 | €23,090 | +€3,561 | +18.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.