MECAMAR: 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.
What changed
MECAMAR
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€528,805
2024 · €488,769+€40,035
Equity
€3.6m
2024 · €3.2m+€428,805
Cash
€470,260
2024 · €320,368+€149,891
Balance sheet total
€6.0m
2024 · €6.0m+€92,824
Largest movements
Assets
- Tangible fixed assets -€239,583
down €239,583 (-8.7%), from €2.7m to €2.5m
of which Plant, machinery and equipment: -€167,071
- Receivables within one year +€199,786
up €199,786 (+11.0%), from €1.8m to €2.0m
of which Trade receivables: +€123,437
- Cash +€149,891
up €149,891 (+46.8%), from €320,368 to €470,260
mainly Depreciation (+€610,531) and Net result for the year (+€528,805)
Equity and liabilities
- Reserves +€428,302
up €428,302 (+25.8%), from €1.7m to €2.1m
of which Distributable reserves: +€408,002
- Debts after one year -€342,654
down €342,654 (-43.4%), from €789,932 to €447,278
- Advances received -€254,712
down €254,712 (-100.0%), from €254,712 to €0
- Short-term financial debts +€217,555
up €217,555 (+103.8%), from €209,549 to €427,104
- Current portion of long-term debt -€132,549
down €132,549 (-27.9%), from €475,203 to €342,654
Income statement
- Staff costs +€120,507
up €120,507 (+4.9%), from €2.4m to €2.6m
- Gross operating margin +€112,265
up €112,265 (+2.9%), from €3.8m to €3.9m
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
€488,769
Gross operating margin
+€112,265
Staff costs
-€120,507
Depreciation
+€20,328
Other operating charges
-€801
Financial income
+€1,808
Financial charges
+€35,514
Taxes
-€8,572
Result 2025
€528,805
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
+€870,455
Investment
-€362,916
Financing
-€357,648
Cash 2024
€320,368
From operations (derived)
+€870,455
Net result for the year
+€528,805
Depreciation
+€610,531
Stocks and contracts
+€12,312
Receivables within one year
-€199,786
Deferred charges and accrued income
-€3,074
Trade debts
+€128,965
Tax, wage and social debts
+€40,739
Advances received
-€254,712
Other debts
+€1,802
Accrued charges and deferred income
+€4,873
Investment (derived)
-€362,916
Investment in fixed assets (net)
-€362,916
Financing
-€357,648
Debts after one year
-€342,654
Current portion of long-term debt
-€132,549
Short-term financial debts
+€217,555
Contributions, distributions and other
-€100,000
Cash 2025
€470,260
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,952,944 | €6,045,768 | +€92,824 | +1.6% |
| Fixed assets | 21/28 | €2,761,019 | €2,513,404 | -€247,615 | -9.0% |
| Intangible fixed assets | 21 | €19,080 | €11,048 | -€8,032 | -42.1% |
| Tangible fixed assets | 22/27 | €2,741,369 | €2,501,786 | -€239,583 | -8.7% |
| Land and buildings | 22 | €1,348,615 | €1,277,435 | -€71,180 | -5.3% |
| Plant, machinery and equipment | 23 | €1,259,670 | €1,092,599 | -€167,071 | -13.3% |
| Furniture and vehicles | 24 | €130,406 | €98,469 | -€31,937 | -24.5% |
| Other tangible fixed assets | 26 | €2,677 | €1,107 | -€1,570 | -58.6% |
| Assets under construction and advance payments | 27 | - | €32,175 | +€32,175 | |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €3,191,924 | €3,532,364 | +€340,439 | +10.7% |
| Stocks and contracts in progress | 3 | €998,522 | €986,210 | -€12,312 | -1.2% |
| Stocks | 30/36 | €998,522 | €986,210 | -€12,312 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,823,924 | €2,023,711 | +€199,786 | +11.0% |
| Trade receivables | 40 | €1,818,414 | €1,941,850 | +€123,437 | +6.8% |
| Other amounts receivable | 41 | €5,511 | €81,860 | +€76,350 | +1385.5% |
| Cash at bank and in hand | 54/58 | €320,368 | €470,260 | +€149,891 | +46.8% |
| Deferred charges and accrued income | 490/1 | €49,110 | €52,184 | +€3,074 | +6.3% |
| Total equity and liabilities | 10/49 | €5,952,944 | €6,045,768 | +€92,824 | +1.6% |
| Equity | 10/15 | €3,172,739 | €3,601,543 | +€428,805 | +13.5% |
| Contributions | 10/11 | €1,513,000 | €1,513,000 | = | 0.0% |
| Capital | 10 | €1,513,000 | €1,513,000 | = | 0.0% |
| Issued capital | 100 | €1,513,000 | €1,513,000 | = | 0.0% |
| Reserves | 13 | €1,659,739 | €2,088,041 | +€428,302 | +25.8% |
| Non-distributable reserves | 130/1 | €132,200 | €152,500 | +€20,300 | +15.4% |
| Legal reserve | 130 | €132,200 | €152,500 | +€20,300 | +15.4% |
| Tax-exempt reserves | 132 | €9,420 | €9,420 | = | 0.0% |
| Distributable reserves | 133 | €1,518,119 | €1,926,121 | +€408,002 | +26.9% |
| Profit (loss) carried forward | 14 | - | €503 | +€503 | |
| Amounts payable | 17/49 | €2,780,205 | €2,444,225 | -€335,980 | -12.1% |
| Amounts payable after more than one year | 17 | €789,932 | €447,278 | -€342,654 | -43.4% |
| Financial debts | 170/4 | €789,932 | €447,278 | -€342,654 | -43.4% |
| Amounts payable within one year | 42/48 | €1,968,956 | €1,970,756 | +€1,800 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €475,203 | €342,654 | -€132,549 | -27.9% |
| Financial debts | 43 | €209,549 | €427,104 | +€217,555 | +103.8% |
| Credit institutions | 430/8 | €209,549 | €427,104 | +€217,555 | +103.8% |
| Trade debts | 44 | €530,382 | €659,348 | +€128,965 | +24.3% |
| Suppliers | 440/4 | €530,382 | €659,348 | +€128,965 | +24.3% |
| Advances received on contracts in progress | 46 | €254,712 | €0 | -€254,712 | -100.0% |
| Taxes, remuneration and social security | 45 | €406,548 | €447,287 | +€40,739 | +10.0% |
| Taxes | 450/3 | €109,624 | €209,037 | +€99,413 | +90.7% |
| Remuneration and social security | 454/9 | €296,924 | €238,250 | -€58,674 | -19.8% |
| Other amounts payable | 47/48 | €92,563 | €94,365 | +€1,802 | +1.9% |
| Accrued charges and deferred income | 492/3 | €21,317 | €26,190 | +€4,873 | +22.9% |
| Non-recurring operating income | 76A | €3,306 | €0 | -€3,306 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,447,486 | €2,567,993 | +€120,507 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630,859 | €610,531 | -€20,328 | -3.2% |
| Other operating charges | 640/8 | €18,691 | €19,492 | +€801 | +4.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,837,329 | €3,949,594 | +€112,265 | +2.9% |
| Operating profit (loss) | 9901 | €740,293 | €751,578 | +€11,285 | +1.5% |
| Financial income | 75/76B | €2,026 | €3,834 | +€1,808 | +89.2% |
| Recurring financial income | 75 | €2,026 | €3,834 | +€1,808 | +89.2% |
| Financial charges | 65/66B | €84,243 | €48,729 | -€35,514 | -42.2% |
| Recurring financial charges | 65 | €84,243 | €48,729 | -€35,514 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €658,076 | €706,683 | +€48,607 | +7.4% |
| Income taxes | 67/77 | €169,306 | €177,878 | +€8,572 | +5.1% |
| Profit (loss) for the period | 9904 | €488,769 | €528,805 | +€40,035 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €488,769 | €528,805 | +€40,035 | +8.2% |
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.