MECAM: 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.
What changed
MECAM
NACE 31.004, Manufacture of dining room, living room, bedroom and bathroom furniture
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€51,759
2024 · €49,145+€2,614
Equity
€6.1m
2024 · €6.0m+€51,759
Cash
€2.0m
2024 · €586,717+€1.4m
Balance sheet total
€19.0m
2024 · €15.7m+€3.3m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+234.9%), from €586,717 to €2.0m
mainly Trade debts (+€3.3m) and Depreciation (+€381,499)
- Receivables within one year +€1.2m
up €1.2m (+17.0%), from €6.9m to €8.1m
of which Trade receivables: +€1.2m
- Stocks and contracts +€538,566
up €538,566 (+8.5%), from €6.4m to €6.9m
Equity and liabilities
- Trade debts +€3.3m
up €3.3m (+81.2%), from €4.0m to €7.3m
- Accrued charges and deferred income -€416,768
no longer reported in 2025 (was €416,768)
- Tax, wage and social debts +€326,878
up €326,878 (+26.8%), from €1.2m to €1.5m
of which Taxes: +€203,147
Income statement
- Turnover +€4.2m
up €4.2m (+13.1%), from €32.1m to €36.3m
- Goods and materials +€3.2m
up €3.2m (+14.4%), from €22.1m to €25.3m
of which Purchases: +€3.3m
- Staff costs +€605,389
up €605,389 (+11.9%), from €5.1m to €5.7m
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.
Result 2024
€49,145
Turnover
+€4.2m
Other operating income
-€21,050
Goods and materials
-€3.2m
Services and other goods
+€74,364
Staff costs
-€605,389
Depreciation
-€45,410
Provisions
+€1,897
Other operating charges
+€13,469
Other operating items
-€340,979
Financial income
-€37,925
Financial charges
-€52,477
Taxes
+€4,937
Result 2025
€51,759
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.
From operations
+€1.7m
Investment
-€494,642
Financing
+€174,307
Cash 2024
€586,717
From operations (derived)
+€1.7m
Net result for the year
+€51,759
Depreciation
+€381,499
Stocks and contracts
-€538,566
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€77,092
Provisions
-€103,690
Trade debts
+€3.3m
Tax, wage and social debts
+€326,878
Advances received
-€14,752
Other debts
+€1,926
Accrued charges and deferred income
-€416,768
Investment (derived)
-€494,642
Investment in fixed assets (net)
-€494,642
Financing
+€174,307
Debts after one year
+€156,979
Current portion of long-term debt
+€17,328
Cash 2025
€2.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,733,190 | €19,023,618 | +€3.3m | +20.9% |
| Fixed assets | 21/28 | €1,149,962 | €1,263,106 | +€113,144 | +9.8% |
| Intangible fixed assets | 21 | €7,534 | €5,416 | -€2,118 | -28.1% |
| Tangible fixed assets | 22/27 | €1,137,111 | €1,238,623 | +€101,512 | +8.9% |
| Land and buildings | 22 | €327,374 | €391,634 | +€64,261 | +19.6% |
| Plant, machinery and equipment | 23 | €82,995 | €63,933 | -€19,061 | -23.0% |
| Furniture and vehicles | 24 | €183,509 | €158,671 | -€24,838 | -13.5% |
| Leasing and similar rights | 25 | €543,234 | €624,384 | +€81,151 | +14.9% |
| Financial fixed assets | 28 | €5,317 | €19,067 | +€13,750 | +258.6% |
| Other financial fixed assets | 284/8 | €5,317 | €19,067 | +€13,750 | +258.6% |
| Amounts receivable and cash guarantees | 285/8 | €5,317 | €19,067 | +€13,750 | +258.6% |
| Current assets | 29/58 | €14,583,228 | €17,760,512 | +€3.2m | +21.8% |
| Stocks and contracts in progress | 3 | €6,354,501 | €6,893,067 | +€538,566 | +8.5% |
| Stocks | 30/36 | €6,354,501 | €6,893,067 | +€538,566 | +8.5% |
| Raw materials and consumables | 30/31 | €3,756,450 | €4,067,871 | +€311,421 | +8.3% |
| Work in progress | 32 | €690,784 | €839,369 | +€148,585 | +21.5% |
| Finished goods | 33 | €1,907,267 | €1,985,827 | +€78,560 | +4.1% |
| Amounts receivable within one year | 40/41 | €6,945,266 | €8,128,724 | +€1.2m | +17.0% |
| Trade receivables | 40 | €6,900,615 | €8,121,921 | +€1.2m | +17.7% |
| Other amounts receivable | 41 | €44,651 | €6,803 | -€37,848 | -84.8% |
| Current investments | 50/53 | €533,178 | €533,178 | = | 0.0% |
| Other investments | 51/53 | €533,178 | €533,178 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €586,717 | €1,964,885 | +€1.4m | +234.9% |
| Deferred charges and accrued income | 490/1 | €163,566 | €240,658 | +€77,092 | +47.1% |
| Total equity and liabilities | 10/49 | €15,733,190 | €19,023,618 | +€3.3m | +20.9% |
| Equity | 10/15 | €6,011,823 | €6,063,582 | +€51,759 | +0.9% |
| Contributions | 10/11 | €3,525,200 | €3,525,200 | = | 0.0% |
| Capital | 10 | €3,525,200 | €3,525,200 | = | 0.0% |
| Issued capital | 100 | €3,525,200 | €3,525,200 | = | 0.0% |
| Reserves | 13 | €2,486,622 | €2,538,381 | +€51,759 | +2.1% |
| Non-distributable reserves | 130/1 | €352,520 | €352,520 | = | 0.0% |
| Legal reserve | 130 | €352,520 | €352,520 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,412 | €10,412 | = | 0.0% |
| Distributable reserves | 133 | €2,123,691 | €2,175,450 | +€51,759 | +2.4% |
| Provisions and deferred taxes | 16 | €2,959,013 | €2,855,323 | -€103,690 | -3.5% |
| Provisions for liabilities and charges | 160/5 | €2,959,013 | €2,855,323 | -€103,690 | -3.5% |
| Other liabilities and charges | 164/5 | €2,959,013 | €2,855,323 | -€103,690 | -3.5% |
| Amounts payable | 17/49 | €6,762,355 | €10,104,714 | +€3.3m | +49.4% |
| Amounts payable after more than one year | 17 | €402,760 | €559,740 | +€156,979 | +39.0% |
| Financial debts | 170/4 | €402,760 | €559,740 | +€156,979 | +39.0% |
| Leasing and similar obligations | 172 | €402,760 | €496,892 | +€94,132 | +23.4% |
| Credit institutions | 173 | - | €62,847 | +€62,847 | |
| Amounts payable within one year | 42/48 | €5,942,827 | €9,544,974 | +€3.6m | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €304,669 | €321,997 | +€17,328 | +5.7% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €4,028,044 | €7,298,811 | +€3.3m | +81.2% |
| Suppliers | 440/4 | €4,028,044 | €7,298,811 | +€3.3m | +81.2% |
| Advances received on contracts in progress | 46 | €28,014 | €13,262 | -€14,752 | -52.7% |
| Taxes, remuneration and social security | 45 | €1,217,914 | €1,544,792 | +€326,878 | +26.8% |
| Taxes | 450/3 | €504,496 | €707,642 | +€203,147 | +40.3% |
| Remuneration and social security | 454/9 | €713,418 | €837,150 | +€123,732 | +17.3% |
| Other amounts payable | 47/48 | €64,186 | €66,112 | +€1,926 | +3.0% |
| Accrued charges and deferred income | 492/3 | €416,768 | - | -€416,768 | |
| Operating income | 70/76A | €32,804,262 | €36,644,062 | +€3.8m | +11.7% |
| Turnover | 70 | €32,145,268 | €36,343,713 | +€4.2m | +13.1% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €563,340 | €227,145 | -€336,195 | -59.7% |
| Other operating income | 74 | €73,698 | €52,648 | -€21,050 | -28.6% |
| Non-recurring operating income | 76A | €21,955 | €20,556 | -€1,399 | -6.4% |
| Operating charges | 60/66A | €32,529,121 | €36,280,844 | +€3.8m | +11.5% |
| Goods for resale, raw materials and consumables | 60 | €22,101,171 | €25,288,440 | +€3.2m | +14.4% |
| Purchases | 600/8 | €22,294,308 | €25,599,861 | +€3.3m | +14.8% |
| Change in stocks: decrease (increase) | 609 | -€193,137 | -€311,421 | -€118,284 | -61.2% |
| Services and other goods | 61 | €5,071,583 | €4,997,219 | -€74,364 | -1.5% |
| Remuneration, social security and pensions | 62 | €5,089,821 | €5,695,210 | +€605,389 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,089 | €381,499 | +€45,410 | +13.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€101,792 | -€103,690 | -€1,897 | -1.9% |
| Other operating charges | 640/8 | €30,861 | €17,392 | -€13,469 | -43.6% |
| Non-recurring operating charges | 66A | €1,388 | €4,773 | +€3,385 | +243.8% |
| Operating profit (loss) | 9901 | €275,141 | €363,219 | +€88,078 | +32.0% |
| Financial income | 75/76B | €141,561 | €103,636 | -€37,925 | -26.8% |
| Recurring financial income | 75 | €141,561 | €103,636 | -€37,925 | -26.8% |
| Income from current assets | 751 | €59,785 | €25,553 | -€34,233 | -57.3% |
| Other financial income | 752/9 | €81,776 | €78,084 | -€3,692 | -4.5% |
| Financial charges | 65/66B | €286,659 | €339,136 | +€52,477 | +18.3% |
| Recurring financial charges | 65 | €286,659 | €339,136 | +€52,477 | +18.3% |
| Debt charges | 650 | €127,644 | €143,311 | +€15,667 | +12.3% |
| Other financial charges | 652/9 | €159,015 | €195,826 | +€36,810 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €130,042 | €127,719 | -€2,324 | -1.8% |
| Income taxes | 67/77 | €80,897 | €75,960 | -€4,937 | -6.1% |
| Taxes | 670/3 | €80,897 | €75,960 | -€4,937 | -6.1% |
| Profit (loss) for the period | 9904 | €49,145 | €51,759 | +€2,614 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,145 | €51,759 | +€2,614 | +5.3% |
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 11 October 2026 via checked.be.