MECAPIERRE: 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.
MECAPIERRE
Largest movements
- Tangible fixed assets -€88,881
down €88,881 (-10.7%), from €832,269 to €743,388
of which Land and buildings: -€55,374
- Receivables within one year +€47,712
up €47,712 (+58.9%), from €81,062 to €128,774
of which Trade receivables: +€36,718
- Receivables after one year -€43,070
down €43,070 (-36.8%), from €117,070 to €74,000
- Cash +€38,929
up €38,929 (+3.1%), from €1.3m to €1.3m
mainly Depreciation (+€88,881) and Receivables after one year (+€43,070)
- Stocks and contracts -€37,206
down €37,206 (-25.9%), from €143,643 to €106,437
- Other debts -€58,954
down €58,954 (-55.4%), from €106,360 to €47,406
- Gross operating margin -€34,321
down €34,321 (-20.8%), from €165,190 to €130,869
- Taxes -€27,630
down €27,630 (-73.7%), from €37,515 to €9,885
- Financial income -€14,992
down €14,992 (-43.0%), from €34,885 to €19,893
of which Financial income: -€9,339
- Depreciation +€9,628
up €9,628 (+12.1%), from €79,253 to €88,881
- Financial charges +€1,672
up €1,672 (+1,856%), from €90 to €1,762
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 | €2,433,219 | €2,351,134 | -€82,085 | -3.4% |
| Fixed assets | 21/28 | €832,269 | €743,388 | -€88,881 | -10.7% |
| Tangible fixed assets | 22/27 | €832,269 | €743,388 | -€88,881 | -10.7% |
| Land and buildings | 22 | €691,423 | €636,049 | -€55,374 | -8.0% |
| Plant, machinery and equipment | 23 | €1,812 | €1,101 | -€710 | -39.2% |
| Furniture and vehicles | 24 | €139,035 | €106,237 | -€32,797 | -23.6% |
| Current assets | 29/58 | €1,600,950 | €1,607,747 | +€6,796 | +0.4% |
| Amounts receivable after more than one year | 29 | €117,070 | €74,000 | -€43,070 | -36.8% |
| Other amounts receivable | 291 | €117,070 | €74,000 | -€43,070 | -36.8% |
| Stocks and contracts in progress | 3 | €143,643 | €106,437 | -€37,206 | -25.9% |
| Stocks | 30/36 | €143,643 | €106,437 | -€37,206 | -25.9% |
| Amounts receivable within one year | 40/41 | €81,062 | €128,774 | +€47,712 | +58.9% |
| Trade receivables | 40 | €80,900 | €117,618 | +€36,718 | +45.4% |
| Other amounts receivable | 41 | €162 | €11,156 | +€10,994 | +6,790% |
| Cash at bank and in hand | 54/58 | €1,257,696 | €1,296,625 | +€38,929 | +3.1% |
| Deferred charges and accrued income | 490/1 | €1,479 | €1,911 | +€431 | +29.2% |
| Total equity and liabilities | 10/49 | €2,433,219 | €2,351,134 | -€82,085 | -3.4% |
| Equity | 10/15 | €2,275,191 | €2,265,447 | -€9,744 | -0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €291,143 | €286,484 | -€4,659 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €266,193 | €261,534 | -€4,659 | -1.8% |
| Profit (loss) carried forward | 14 | €1,870,341 | €1,870,342 | +€1 | 0.0% |
| Investment grants | 15 | €51,708 | €46,622 | -€5,086 | -9.8% |
| Amounts payable | 17/49 | €158,028 | €85,687 | -€72,341 | -45.8% |
| Amounts payable within one year | 42/48 | €158,028 | €85,687 | -€72,341 | -45.8% |
| Trade debts | 44 | €24,376 | €17,550 | -€6,826 | -28.0% |
| Suppliers | 440/4 | €24,376 | €17,550 | -€6,826 | -28.0% |
| Taxes, remuneration and social security | 45 | €27,292 | €20,732 | -€6,560 | -24.0% |
| Taxes | 450/3 | €27,292 | €20,732 | -€6,560 | -24.0% |
| Other amounts payable | 47/48 | €106,360 | €47,406 | -€58,954 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,253 | €88,881 | +€9,628 | +12.1% |
| Other operating charges | 640/8 | €7,293 | €7,541 | +€248 | +3.4% |
| Non-recurring operating charges | 66A | €0 | €7 | +€7 | +5,085% |
| Gross operating margin | 9900 | €165,190 | €130,869 | -€34,321 | -20.8% |
| Operating profit (loss) | 9901 | €78,644 | €34,440 | -€44,204 | -56.2% |
| Financial income | 75/76B | €34,885 | €19,893 | -€14,992 | -43.0% |
| Recurring financial income | 75 | €29,232 | €19,893 | -€9,339 | -31.9% |
| Non-recurring financial income | 76B | €5,653 | €0 | -€5,653 | -100.0% |
| Financial charges | 65/66B | €90 | €1,762 | +€1,672 | +1,856% |
| Recurring financial charges | 65 | €90 | €1,762 | +€1,672 | +1,856% |
| Profit (loss) for the period before taxes | 9903 | €113,439 | €52,571 | -€60,868 | -53.7% |
| Income taxes | 67/77 | €37,515 | €9,885 | -€27,630 | -73.7% |
| Profit (loss) for the period | 9904 | €75,924 | €42,687 | -€33,237 | -43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €75,924 | €42,687 | -€33,237 | -43.8% |
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 17 October 2026 via checked.be.