MECANCO: 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
MECANCO
NACE 28.410, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€165,317
2023 · €748-€166,066
Equity
€2.1m
2023 · €2.2m-€165,317
Cash
€107,791
2023 · €216,557-€108,766
Balance sheet total
€3.3m
2023 · €3.4m-€78,074
Largest movements
Assets
- Cash -€108,766
down €108,766 (-50.2%), from €216,557 to €107,791
mainly Net result for the year (-€165,317) and Investment in fixed assets (net) (-€116,874)
- Receivables within one year +€35,017
up €35,017 (+20.1%), from €174,525 to €209,542
of which Trade receivables: +€28,349
Equity and liabilities
- Profit (loss) carried forward -€153,147
down €153,147, from €17,768 to -€135,379
- Trade debts +€117,852
up €117,852 (+45.7%), from €257,664 to €375,516
Income statement
- Gross operating margin -€167,963
down €167,963, from €123,060 to -€44,904
- Depreciation -€2,814
down €2,814 (-2.4%), from €118,746 to €115,933
From the 2023 result to the 2024 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 2023
€748
Gross operating margin
-€167,963
Depreciation
+€2,814
Other operating charges
-€859
Financial income
+€894
Financial charges
-€952
Result 2024
-€165,317
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€34,108
Investment
-€116,874
Financing
-€26,000
Cash 2023
€216,557
From operations (derived)
+€34,108
Net result for the year
-€165,317
Depreciation
+€115,933
Stocks and contracts
+€3,801
Receivables within one year
-€35,017
Deferred charges and accrued income
+€1,466
Trade debts
+€117,852
Tax, wage and social debts
-€22,641
Advances received
+€6,567
Other debts
+€11,465
Investment (derived)
-€116,874
Investment in fixed assets (net)
-€116,874
Financing
-€26,000
Debts after one year
-€26,000
Cash 2024
€107,791
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,351,739 | €3,273,665 | -€78,074 | -2.3% |
| Fixed assets | 21/28 | €2,572,530 | €2,573,471 | +€942 | 0.0% |
| Intangible fixed assets | 21 | €13,600 | €13,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,556,466 | €2,557,407 | +€942 | 0.0% |
| Land and buildings | 22 | €2,374,793 | €2,354,681 | -€20,112 | -0.8% |
| Plant, machinery and equipment | 23 | €147,659 | €174,487 | +€26,828 | +18.2% |
| Furniture and vehicles | 24 | €34,014 | €28,240 | -€5,775 | -17.0% |
| Financial fixed assets | 28 | €2,464 | €2,464 | = | 0.0% |
| Current assets | 29/58 | €779,210 | €700,194 | -€79,016 | -10.1% |
| Stocks and contracts in progress | 3 | €385,767 | €381,966 | -€3,801 | -1.0% |
| Stocks | 30/36 | €175,642 | €172,181 | -€3,461 | -2.0% |
| Contracts in progress | 37 | €210,125 | €209,785 | -€340 | -0.2% |
| Amounts receivable within one year | 40/41 | €174,525 | €209,542 | +€35,017 | +20.1% |
| Trade receivables | 40 | €174,500 | €202,849 | +€28,349 | +16.2% |
| Other amounts receivable | 41 | €25 | €6,693 | +€6,668 | +26,737% |
| Cash at bank and in hand | 54/58 | €216,557 | €107,791 | -€108,766 | -50.2% |
| Deferred charges and accrued income | 490/1 | €2,361 | €895 | -€1,466 | -62.1% |
| Total equity and liabilities | 10/49 | €3,351,739 | €3,273,665 | -€78,074 | -2.3% |
| Equity | 10/15 | €2,243,291 | €2,077,974 | -€165,317 | -7.4% |
| Contributions | 10/11 | €1,177,000 | €1,177,000 | = | 0.0% |
| Reserves | 13 | €1,048,523 | €1,036,353 | -€12,170 | -1.2% |
| Non-distributable reserves | 130/1 | €21,783 | €0 | -€21,783 | -100% |
| Reserves not available under the articles | 1311 | €21,783 | €0 | -€21,783 | -100% |
| Tax-exempt reserves | 132 | €141,740 | €129,570 | -€12,170 | -8.6% |
| Distributable reserves | 133 | €885,000 | €906,783 | +€21,783 | +2.5% |
| Profit (loss) carried forward | 14 | €17,768 | -€135,379 | -€153,147 | |
| Amounts payable | 17/49 | €1,108,448 | €1,195,691 | +€87,243 | +7.9% |
| Amounts payable after more than one year | 17 | €755,819 | €729,819 | -€26,000 | -3.4% |
| Financial debts | 170/4 | €755,819 | €729,819 | -€26,000 | -3.4% |
| Amounts payable within one year | 42/48 | €352,629 | €465,872 | +€113,243 | +32.1% |
| Trade debts | 44 | €257,664 | €375,516 | +€117,852 | +45.7% |
| Suppliers | 440/4 | €257,664 | €375,516 | +€117,852 | +45.7% |
| Advances received on contracts in progress | 46 | - | €6,567 | +€6,567 | |
| Taxes, remuneration and social security | 45 | €23,111 | €470 | -€22,641 | -98.0% |
| Taxes | 450/3 | €23,111 | €470 | -€22,641 | -98.0% |
| Other amounts payable | 47/48 | €71,854 | €83,319 | +€11,465 | +16.0% |
| Non-recurring operating income | 76A | - | €2,860 | +€2,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,746 | €115,933 | -€2,814 | -2.4% |
| Other operating charges | 640/8 | €3,336 | €4,195 | +€859 | +25.7% |
| Gross operating margin | 9900 | €123,060 | -€44,904 | -€167,963 | |
| Operating profit (loss) | 9901 | €978 | -€165,031 | -€166,008 | |
| Financial income | 75/76B | €64 | €958 | +€894 | +1,402% |
| Recurring financial income | 75 | €64 | €958 | +€894 | +1,402% |
| Financial charges | 65/66B | €293 | €1,245 | +€952 | +325% |
| Recurring financial charges | 65 | €293 | €1,245 | +€952 | +325% |
| Profit (loss) for the period before taxes | 9903 | €748 | -€165,317 | -€166,066 | |
| Profit (loss) for the period | 9904 | €748 | -€165,317 | -€166,066 | |
| Transfer from tax-exempt reserves | 789 | €12,170 | €12,170 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,918 | -€153,147 | -€166,066 |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.