MECANELEC INDUSTRIES: 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.
MECANELEC INDUSTRIES
Largest movements
- Cash -€115,485
down €115,485 (-29.9%), from €385,868 to €270,383
mainly Advances received (-€175,442) and Debts after one year (-€143,519)
- Tangible fixed assets -€114,415
down €114,415 (-21.9%), from €522,114 to €407,699
of which Plant, machinery and equipment: -€110,907
- Receivables within one year +€19,686
up €19,686 (+4.6%), from €424,079 to €443,765
of which Other amounts receivable: +€9,943
- Advances received -€175,442
down €175,442 (-82.1%), from €213,812 to €38,370
- Debts after one year -€143,519
down €143,519 (-39.5%), from €363,639 to €220,120
- Other debts +€119,800
up €119,800 (+27.4%), from €437,403 to €557,203
- Trade debts -€57,030
down €57,030 (-33.7%), from €169,152 to €112,122
- Profit (loss) carried forward +€52,895
up €52,895 (+476%), from €11,104 to €63,999
- Gross operating margin +€32,122
up €32,122 (+3.3%), from €985,252 to €1.0m
- Taxes -€29,884
down €29,884 (-59.7%), from €50,084 to €20,200
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.
Derived cash bridge
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 | €1,644,621 | €1,437,093 | -€207,527 | -12.6% |
| Fixed assets | 21/28 | €522,114 | €417,373 | -€104,741 | -20.1% |
| Intangible fixed assets | 21 | - | €9,674 | +€9,674 | |
| Tangible fixed assets | 22/27 | €522,114 | €407,699 | -€114,415 | -21.9% |
| Land and buildings | 22 | €35,872 | €33,844 | -€2,028 | -5.7% |
| Plant, machinery and equipment | 23 | €471,276 | €360,369 | -€110,907 | -23.5% |
| Furniture and vehicles | 24 | €14,967 | €13,487 | -€1,480 | -9.9% |
| Current assets | 29/58 | €1,122,506 | €1,019,720 | -€102,786 | -9.2% |
| Stocks and contracts in progress | 3 | €167,049 | €160,572 | -€6,476 | -3.9% |
| Stocks | 30/36 | €1,211 | €1,383 | +€172 | +14.2% |
| Contracts in progress | 37 | €165,838 | €159,189 | -€6,649 | -4.0% |
| Amounts receivable within one year | 40/41 | €424,079 | €443,765 | +€19,686 | +4.6% |
| Trade receivables | 40 | €424,079 | €433,821 | +€9,742 | +2.3% |
| Other amounts receivable | 41 | - | €9,943 | +€9,943 | |
| Current investments | 50/53 | €145,000 | €145,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €385,868 | €270,383 | -€115,485 | -29.9% |
| Deferred charges and accrued income | 490/1 | €511 | - | -€511 | |
| Total equity and liabilities | 10/49 | €1,644,621 | €1,437,093 | -€207,527 | -12.6% |
| Equity | 10/15 | €180,275 | €232,165 | +€51,889 | +28.8% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €14,900 | €14,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,104 | €63,999 | +€52,895 | +476% |
| Investment grants | 15 | €5,271 | €4,266 | -€1,005 | -19.1% |
| Amounts payable | 17/49 | €1,464,345 | €1,204,929 | -€259,417 | -17.7% |
| Amounts payable after more than one year | 17 | €363,639 | €220,120 | -€143,519 | -39.5% |
| Financial debts | 170/4 | €363,639 | €220,120 | -€143,519 | -39.5% |
| Amounts payable within one year | 42/48 | €1,096,231 | €981,626 | -€114,606 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €115,451 | €132,101 | +€16,650 | +14.4% |
| Trade debts | 44 | €169,152 | €112,122 | -€57,030 | -33.7% |
| Suppliers | 440/4 | €169,152 | €112,122 | -€57,030 | -33.7% |
| Advances received on contracts in progress | 46 | €213,812 | €38,370 | -€175,442 | -82.1% |
| Taxes, remuneration and social security | 45 | €160,413 | €141,830 | -€18,583 | -11.6% |
| Taxes | 450/3 | €84,736 | €72,074 | -€12,662 | -14.9% |
| Remuneration and social security | 454/9 | €75,677 | €69,756 | -€5,922 | -7.8% |
| Other amounts payable | 47/48 | €437,403 | €557,203 | +€119,800 | +27.4% |
| Accrued charges and deferred income | 492/3 | €4,475 | €3,183 | -€1,292 | -28.9% |
| Remuneration, social security and pensions | 62 | €667,734 | €672,929 | +€5,194 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,164 | €127,249 | +€1,085 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,574 | - | +€1,574 | |
| Other operating charges | 640/8 | €9,312 | €9,391 | +€78 | +0.8% |
| Gross operating margin | 9900 | €985,252 | €1,017,373 | +€32,122 | +3.3% |
| Operating profit (loss) | 9901 | €183,615 | €207,805 | +€24,190 | +13.2% |
| Financial income | 75/76B | €1,529 | €1,943 | +€413 | +27.0% |
| Recurring financial income | 75 | €1,529 | €1,943 | +€413 | +27.0% |
| Financial charges | 65/66B | €13,503 | €16,653 | +€3,150 | +23.3% |
| Recurring financial charges | 65 | €13,503 | €16,653 | +€3,150 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €171,641 | €193,094 | +€21,453 | +12.5% |
| Income taxes | 67/77 | €50,084 | €20,200 | -€29,884 | -59.7% |
| Profit (loss) for the period | 9904 | €121,557 | €172,895 | +€51,338 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €121,557 | €172,895 | +€51,338 | +42.2% |
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 30 October 2026 via checked.be.