MecanoT: 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.
MecanoT
Largest movements
- Receivables within one year -€21,341
down €21,341 (-34.5%), from €61,799 to €40,459
of which Other amounts receivable: -€41,265
- Cash +€17,162
up €17,162 (+19.7%), from €87,248 to €104,410
mainly Net result for the year (+€69,463) and Other debts (+€52,452)
- Stocks and contracts -€4,127
down €4,127 (-18.8%), from €21,981 to €17,854
- Tangible fixed assets +€2,719
up €2,719 (+694%), from €392 to €3,111
of which Plant, machinery and equipment: +€3,042
- Intangible fixed assets -€2,367
down €2,367 (-56.8%), from €4,165 to €1,798
- Reserves -€54,138
down €54,138 (-38.8%), from €139,473 to €85,335
of which Distributable reserves: -€54,138
- Other debts +€52,452
new in 2025: €52,452
- Trade debts -€15,870
down €15,870 (-82.1%), from €19,331 to €3,461
- Current portion of long-term debt +€6,667
new in 2025: €6,667
- Contributions +€6,138
up €6,138 (+49.3%), from €12,462 to €18,600
- Gross operating margin +€47,983
up €47,983 (+113%), from €42,595 to €90,578
- Taxes +€9,891
up €9,891 (+114%), from €8,696 to €18,586
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 | €176,266 | €169,065 | -€7,201 | -4.1% |
| Fixed assets | 21/28 | €4,557 | €4,908 | +€352 | +7.7% |
| Intangible fixed assets | 21 | €4,165 | €1,798 | -€2,367 | -56.8% |
| Tangible fixed assets | 22/27 | €392 | €3,111 | +€2,719 | +694% |
| Plant, machinery and equipment | 23 | - | €3,042 | +€3,042 | |
| Furniture and vehicles | 24 | €392 | €68 | -€324 | -82.6% |
| Current assets | 29/58 | €171,709 | €164,156 | -€7,553 | -4.4% |
| Stocks and contracts in progress | 3 | €21,981 | €17,854 | -€4,127 | -18.8% |
| Stocks | 30/36 | €21,981 | €17,854 | -€4,127 | -18.8% |
| Amounts receivable within one year | 40/41 | €61,799 | €40,459 | -€21,341 | -34.5% |
| Trade receivables | 40 | €19,121 | €39,045 | +€19,924 | +104% |
| Other amounts receivable | 41 | €42,679 | €1,414 | -€41,265 | -96.7% |
| Cash at bank and in hand | 54/58 | €87,248 | €104,410 | +€17,162 | +19.7% |
| Deferred charges and accrued income | 490/1 | €681 | €1,434 | +€753 | +110% |
| Total equity and liabilities | 10/49 | €176,266 | €169,065 | -€7,201 | -4.1% |
| Equity | 10/15 | €151,935 | €103,935 | -€48,000 | -31.6% |
| Contributions | 10/11 | €12,462 | €18,600 | +€6,138 | +49.3% |
| Reserves | 13 | €139,473 | €85,335 | -€54,138 | -38.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €137,613 | €83,475 | -€54,138 | -39.3% |
| Amounts payable | 17/49 | €24,331 | €65,129 | +€40,798 | +168% |
| Amounts payable within one year | 42/48 | €24,331 | €65,129 | +€40,798 | +168% |
| Current portion of amounts payable after more than one year | 42 | - | €6,667 | +€6,667 | |
| Financial debts | 43 | €5,000 | - | -€5,000 | |
| Credit institutions | 430/8 | €5,000 | - | -€5,000 | |
| Trade debts | 44 | €19,331 | €3,461 | -€15,870 | -82.1% |
| Suppliers | 440/4 | €19,331 | €3,461 | -€15,870 | -82.1% |
| Taxes, remuneration and social security | 45 | - | €2,550 | +€2,550 | |
| Taxes | 450/3 | - | €2,550 | +€2,550 | |
| Other amounts payable | 47/48 | - | €52,452 | +€52,452 | |
| Non-recurring operating income | 76A | - | €4,908 | +€4,908 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €3,101 | -€796 | -20.4% |
| Other operating charges | 640/8 | €1,150 | €1,259 | +€110 | +9.5% |
| Gross operating margin | 9900 | €42,595 | €90,578 | +€47,983 | +113% |
| Operating profit (loss) | 9901 | €37,547 | €86,217 | +€48,669 | +130% |
| Financial income | 75/76B | €1,517 | €2,344 | +€827 | +54.5% |
| Recurring financial income | 75 | €1,517 | €2,344 | +€827 | +54.5% |
| Financial charges | 65/66B | €498 | €512 | +€14 | +2.9% |
| Recurring financial charges | 65 | €498 | €512 | +€14 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €38,567 | €88,049 | +€49,482 | +128% |
| Income taxes | 67/77 | €8,696 | €18,586 | +€9,891 | +114% |
| Profit (loss) for the period | 9904 | €29,871 | €69,463 | +€39,591 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €29,871 | €69,463 | +€39,591 | +133% |
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 16 October 2026 via checked.be.