MECALRO: 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.
MECALRO
Largest movements
- Tangible fixed assets -€41,764
down €41,764 (-8.6%), from €484,080 to €442,316
of which Land and buildings: -€41,126
- Deferred charges and accrued income -€38,770
down €38,770 (-93.3%), from €41,555 to €2,785
- Receivables within one year +€20,088
up €20,088 (+6.7%), from €298,066 to €318,154
- Cash +€18,313
up €18,313 (+45.8%), from €39,988 to €58,300
mainly Depreciation (+€46,970) and Deferred charges and accrued income (+€38,770)
- Debts after one year -€32,929
down €32,929 (-18.1%), from €181,671 to €148,742
- Reserves +€25,296
up €25,296 (+2.9%), from €875,387 to €900,682
of which Distributable reserves: +€45,153
- Tax, wage and social debts -€25,000
down €25,000 (-68.1%), from €36,722 to €11,722
of which Taxes: -€26,000
- Gross operating margin +€10,112
up €10,112 (+13.6%), from €74,493 to €84,604
- Taxes +€4,971
up €4,971 (+29.8%), from €16,673 to €21,644
- Financial income +€1,199
up €1,199 (+10.6%), from €11,316 to €12,515
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 | €1,288,689 | €1,246,555 | -€42,134 | -3.3% |
| Fixed assets | 21/28 | €484,080 | €442,316 | -€41,764 | -8.6% |
| Tangible fixed assets | 22/27 | €484,080 | €442,316 | -€41,764 | -8.6% |
| Land and buildings | 22 | €447,192 | €406,066 | -€41,126 | -9.2% |
| Plant, machinery and equipment | 23 | €15,868 | €15,000 | -€868 | -5.5% |
| Furniture and vehicles | 24 | €1,868 | €2,098 | +€230 | +12.3% |
| Other tangible fixed assets | 26 | €19,152 | €19,152 | = | 0.0% |
| Current assets | 29/58 | €804,609 | €804,240 | -€370 | 0.0% |
| Amounts receivable after more than one year | 29 | €425,000 | €425,000 | = | 0.0% |
| Other amounts receivable | 291 | €425,000 | €425,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €298,066 | €318,154 | +€20,088 | +6.7% |
| Other amounts receivable | 41 | €298,066 | €318,154 | +€20,088 | +6.7% |
| Cash at bank and in hand | 54/58 | €39,988 | €58,300 | +€18,313 | +45.8% |
| Deferred charges and accrued income | 490/1 | €41,555 | €2,785 | -€38,770 | -93.3% |
| Total equity and liabilities | 10/49 | €1,288,689 | €1,246,555 | -€42,134 | -3.3% |
| Equity | 10/15 | €938,591 | €963,887 | +€25,296 | +2.7% |
| Contributions | 10/11 | €63,204 | €63,204 | = | 0.0% |
| Reserves | 13 | €875,387 | €900,682 | +€25,296 | +2.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €217,622 | €197,764 | -€19,858 | -9.1% |
| Distributable reserves | 133 | €657,765 | €702,918 | +€45,153 | +6.9% |
| Provisions and deferred taxes | 16 | €66,192 | €59,573 | -€6,619 | -10.0% |
| Deferred taxes | 168 | €66,192 | €59,573 | -€6,619 | -10.0% |
| Amounts payable | 17/49 | €283,906 | €223,096 | -€60,810 | -21.4% |
| Amounts payable after more than one year | 17 | €181,671 | €148,742 | -€32,929 | -18.1% |
| Financial debts | 170/4 | €181,671 | €148,742 | -€32,929 | -18.1% |
| Amounts payable within one year | 42/48 | €102,235 | €74,354 | -€27,881 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €32,423 | €32,929 | +€507 | +1.6% |
| Trade debts | 44 | €15,397 | €13,287 | -€2,110 | -13.7% |
| Suppliers | 440/4 | €15,397 | €13,287 | -€2,110 | -13.7% |
| Taxes, remuneration and social security | 45 | €36,722 | €11,722 | -€25,000 | -68.1% |
| Taxes | 450/3 | €36,722 | €10,722 | -€26,000 | -70.8% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €17,692 | €16,415 | -€1,277 | -7.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,568 | €46,970 | +€402 | +0.9% |
| Other operating charges | 640/8 | €5,964 | €6,426 | +€462 | +7.7% |
| Gross operating margin | 9900 | €74,493 | €84,604 | +€10,112 | +13.6% |
| Operating profit (loss) | 9901 | €21,960 | €31,209 | +€9,248 | +42.1% |
| Financial income | 75/76B | €11,316 | €12,515 | +€1,199 | +10.6% |
| Recurring financial income | 75 | €11,316 | €12,515 | +€1,199 | +10.6% |
| Financial charges | 65/66B | €4,097 | €3,403 | -€695 | -17.0% |
| Recurring financial charges | 65 | €4,097 | €3,403 | -€695 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €29,179 | €40,321 | +€11,141 | +38.2% |
| Transfer from deferred taxes | 780 | €6,619 | €6,619 | = | 0.0% |
| Income taxes | 67/77 | €16,673 | €21,644 | +€4,971 | +29.8% |
| Profit (loss) for the period | 9904 | €19,125 | €25,296 | +€6,170 | +32.3% |
| Transfer from tax-exempt reserves | 789 | €19,858 | €19,858 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,983 | €45,153 | +€6,170 | +15.8% |
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 4 October 2026 via checked.be.