MECAPAUL: 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.
MECAPAUL
Largest movements
- Receivables within one year -€164,568
down €164,568 (-44.8%), from €367,317 to €202,749
of which Other amounts receivable: -€166,248
- Receivables after one year +€129,433
up €129,433 (+43.3%), from €298,634 to €428,067
- Short-term financial debts -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Other debts -€8,098
no longer reported in 2025 (was €8,098)
- Trade debts -€7,163
down €7,163 (-59.2%), from €12,100 to €4,937
- Financial charges +€2,255
up €2,255 (+51.5%), from €4,376 to €6,631
- Gross operating margin +€2,123
up €2,123, from -€605 to €1,518
- Other operating charges +€1,324
up €1,324 (+3067.1%), from €43 to €1,367
- Financial income +€667
up €667 (+11.2%), from €5,944 to €6,611
- Taxes -€211
down €211 (-85.8%), from €245 to €35
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,005 | €630,875 | -€35,130 | -5.3% |
| Current assets | 29/58 | €666,005 | €630,875 | -€35,130 | -5.3% |
| Amounts receivable after more than one year | 29 | €298,634 | €428,067 | +€129,433 | +43.3% |
| Other amounts receivable | 291 | €298,634 | €428,067 | +€129,433 | +43.3% |
| Amounts receivable within one year | 40/41 | €367,317 | €202,749 | -€164,568 | -44.8% |
| Trade receivables | 40 | €63,878 | €65,558 | +€1,680 | +2.6% |
| Other amounts receivable | 41 | €303,440 | €137,191 | -€166,248 | -54.8% |
| Cash at bank and in hand | 54/58 | €53 | €59 | +€6 | +11.0% |
| Total equity and liabilities | 10/49 | €666,005 | €630,875 | -€35,130 | -5.3% |
| Equity | 10/15 | €585,561 | €585,657 | +€96 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €565,101 | €565,197 | +€96 | 0.0% |
| Amounts payable | 17/49 | €80,443 | €45,218 | -€35,226 | -43.8% |
| Amounts payable within one year | 42/48 | €80,443 | €45,218 | -€35,226 | -43.8% |
| Financial debts | 43 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Credit institutions | 430/8 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Trade debts | 44 | €12,100 | €4,937 | -€7,163 | -59.2% |
| Suppliers | 440/4 | €12,100 | €4,937 | -€7,163 | -59.2% |
| Taxes, remuneration and social security | 45 | €245 | €280 | +€35 | +14.2% |
| Taxes | 450/3 | €245 | €280 | +€35 | +14.2% |
| Other amounts payable | 47/48 | €8,098 | - | -€8,098 | |
| Other operating charges | 640/8 | €43 | €1,367 | +€1,324 | +3067.1% |
| Gross operating margin | 9900 | -€605 | €1,518 | +€2,123 | |
| Operating profit (loss) | 9901 | -€648 | €151 | +€799 | |
| Financial income | 75/76B | €5,944 | €6,611 | +€667 | +11.2% |
| Recurring financial income | 75 | €5,944 | €6,611 | +€667 | +11.2% |
| Financial charges | 65/66B | €4,376 | €6,631 | +€2,255 | +51.5% |
| Recurring financial charges | 65 | €4,376 | €6,631 | +€2,255 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €920 | €131 | -€789 | -85.8% |
| Income taxes | 67/77 | €245 | €35 | -€211 | -85.8% |
| Profit (loss) for the period | 9904 | €674 | €96 | -€578 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €674 | €96 | -€578 | -85.8% |
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 6 October 2026 via checked.be.