MECANO: 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.
MECANO
Largest movements
- Cash -€71,536
down €71,536 (-93.9%), from €76,147 to €4,611
mainly Current investments (-€51,093) and Trade debts (-€13,229)
- Current investments +€51,093
up €51,093 (+22.8%), from €223,809 to €274,902
- Tangible fixed assets -€15,244
down €15,244 (-11.6%), from €131,864 to €116,620
of which Land and buildings: -€8,236
- Deferred charges and accrued income -€6,980
down €6,980 (-87.1%), from €8,014 to €1,034
- Receivables within one year +€4,818
up €4,818 (+34.9%), from €13,808 to €18,626
of which Other amounts receivable: +€13,226
- Trade debts -€13,229
down €13,229 (-96.5%), from €13,705 to €476
- Current portion of long-term debt -€11,128
down €11,128 (-76.1%), from €14,628 to €3,500
- Reserves -€7,449
down €7,449 (-2.4%), from €314,206 to €306,757
of which Tax-exempt reserves: -€7,449
- Tax, wage and social debts -€7,340
down €7,340 (-33.4%), from €21,977 to €14,637
- Gross operating margin -€129,142
down €129,142 (-95.2%), from €135,670 to €6,528
- Taxes -€37,483
down €37,483 (-94.8%), from €39,519 to €2,036
- Financial income +€2,743
up €2,743 (+56.0%), from €4,895 to €7,637
of which Financial income: +€2,743
- Other operating charges -€2,018
down €2,018 (-51.7%), from €3,900 to €1,882
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 | €464,392 | €426,544 | -€37,848 | -8.2% |
| Fixed assets | 21/28 | €142,614 | €127,370 | -€15,244 | -10.7% |
| Tangible fixed assets | 22/27 | €131,864 | €116,620 | -€15,244 | -11.6% |
| Land and buildings | 22 | €112,707 | €104,470 | -€8,236 | -7.3% |
| Plant, machinery and equipment | 23 | €3,217 | €2,214 | -€1,003 | -31.2% |
| Furniture and vehicles | 24 | €15,940 | €9,936 | -€6,005 | -37.7% |
| Financial fixed assets | 28 | €10,750 | €10,750 | = | 0.0% |
| Current assets | 29/58 | €321,778 | €299,173 | -€22,604 | -7.0% |
| Amounts receivable within one year | 40/41 | €13,808 | €18,626 | +€4,818 | +34.9% |
| Trade receivables | 40 | €13,808 | €5,400 | -€8,409 | -60.9% |
| Other amounts receivable | 41 | €0 | €13,226 | +€13,226 | |
| Current investments | 50/53 | €223,809 | €274,902 | +€51,093 | +22.8% |
| Cash at bank and in hand | 54/58 | €76,147 | €4,611 | -€71,536 | -93.9% |
| Deferred charges and accrued income | 490/1 | €8,014 | €1,034 | -€6,980 | -87.1% |
| Total equity and liabilities | 10/49 | €464,392 | €426,544 | -€37,848 | -8.2% |
| Equity | 10/15 | €386,467 | €377,785 | -€8,682 | -2.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €314,206 | €306,757 | -€7,449 | -2.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €84,647 | €77,198 | -€7,449 | -8.8% |
| Distributable reserves | 133 | €229,559 | €229,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,861 | €58,628 | -€1,233 | -2.1% |
| Provisions and deferred taxes | 16 | €27,138 | €25,733 | -€1,406 | -5.2% |
| Deferred taxes | 168 | €27,138 | €25,733 | -€1,406 | -5.2% |
| Amounts payable | 17/49 | €50,786 | €23,026 | -€27,760 | -54.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €50,310 | €23,026 | -€27,284 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €14,628 | €3,500 | -€11,128 | -76.1% |
| Trade debts | 44 | €13,705 | €476 | -€13,229 | -96.5% |
| Suppliers | 440/4 | €13,705 | €476 | -€13,229 | -96.5% |
| Taxes, remuneration and social security | 45 | €21,977 | €14,637 | -€7,340 | -33.4% |
| Taxes | 450/3 | €21,977 | €14,637 | -€7,340 | -33.4% |
| Other amounts payable | 47/48 | €0 | €4,413 | +€4,413 | |
| Accrued charges and deferred income | 492/3 | €476 | €0 | -€476 | -100% |
| Non-recurring operating income | 76A | €107,283 | €0 | -€107,283 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,398 | €17,673 | +€275 | +1.6% |
| Other operating charges | 640/8 | €3,900 | €1,882 | -€2,018 | -51.7% |
| Non-recurring operating charges | 66A | - | €24 | +€24 | |
| Gross operating margin | 9900 | €135,670 | €6,528 | -€129,142 | -95.2% |
| Operating profit (loss) | 9901 | €114,372 | -€13,051 | -€127,423 | |
| Financial income | 75/76B | €4,895 | €7,637 | +€2,743 | +56.0% |
| Recurring financial income | 75 | €4,895 | €7,637 | +€2,743 | +56.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,828 | €2,638 | -€1,190 | -31.1% |
| Recurring financial charges | 65 | €3,828 | €2,638 | -€1,190 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €115,439 | -€8,052 | -€123,490 | |
| Transfer from deferred taxes | 780 | €34,333 | €1,406 | -€32,927 | -95.9% |
| Transfer to deferred taxes | 680 | €25,733 | €0 | -€25,733 | -100% |
| Income taxes | 67/77 | €39,519 | €2,036 | -€37,483 | -94.8% |
| Profit (loss) for the period | 9904 | €84,519 | -€8,682 | -€93,202 | |
| Transfer from tax-exempt reserves | 789 | €69,706 | €7,449 | -€62,256 | -89.3% |
| Transfer to tax-exempt reserves | 689 | €77,198 | €0 | -€77,198 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €77,027 | -€1,233 | -€78,260 |
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 15 October 2026 via checked.be.