MECAR: 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.
MECAR
Largest movements
- Receivables within one year +€120,617
up €120,617 (+78.5%), from €153,736 to €274,354
of which Trade receivables: +€102,015
- Cash +€41,964
up €41,964 (+107.8%), from €38,933 to €80,897
mainly Other debts (+€134,377) and Advances received (+€35,950)
- Stocks and contracts -€19,299
down €19,299 (-19.7%), from €97,911 to €78,612
- Tangible fixed assets -€15,980
down €15,980 (-10.4%), from €153,896 to €137,916
of which Land and buildings: -€15,435
- Other debts +€134,377
up €134,377 (+249.4%), from €53,887 to €188,265
- Trade debts -€80,513
down €80,513 (-100.0%), from €80,513 to €0
- Advances received +€35,950
up €35,950 (+56.4%), from €63,750 to €99,700
- Short-term financial debts +€22,467
up €22,467 (+18.5%), from €121,424 to €143,890
- Profit (loss) carried forward +€9,876
up €9,876 (+9.8%), from €100,780 to €110,656
- Financial charges -€16,009
down €16,009 (-85.0%), from €18,840 to €2,831
- Gross operating margin -€13,666
down €13,666 (-20.2%), from €67,736 to €54,069
- Other operating charges -€12,498
down €12,498 (-41.0%), from €30,514 to €18,016
- Taxes +€3,862
up €3,862 (+110.2%), from €3,504 to €7,366
- Financial income -€1,815
down €1,815 (-100.0%), from €1,815 to €0
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 | €447,084 | €574,387 | +€127,303 | +28.5% |
| Fixed assets | 21/28 | €154,081 | €138,101 | -€15,980 | -10.4% |
| Tangible fixed assets | 22/27 | €153,896 | €137,916 | -€15,980 | -10.4% |
| Land and buildings | 22 | €152,683 | €137,249 | -€15,435 | -10.1% |
| Furniture and vehicles | 24 | €1,213 | €668 | -€545 | -45.0% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €293,002 | €436,285 | +€143,283 | +48.9% |
| Stocks and contracts in progress | 3 | €97,911 | €78,612 | -€19,299 | -19.7% |
| Stocks | 30/36 | €97,911 | €78,612 | -€19,299 | -19.7% |
| Amounts receivable within one year | 40/41 | €153,736 | €274,354 | +€120,617 | +78.5% |
| Trade receivables | 40 | €152,481 | €254,496 | +€102,015 | +66.9% |
| Other amounts receivable | 41 | €1,255 | €19,858 | +€18,602 | +1481.7% |
| Cash at bank and in hand | 54/58 | €38,933 | €80,897 | +€41,964 | +107.8% |
| Deferred charges and accrued income | 490/1 | €2,422 | €2,422 | = | 0.0% |
| Total equity and liabilities | 10/49 | €447,084 | €574,387 | +€127,303 | +28.5% |
| Equity | 10/15 | €121,231 | €131,107 | +€9,876 | +8.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,780 | €110,656 | +€9,876 | +9.8% |
| Amounts payable | 17/49 | €325,853 | €443,280 | +€117,427 | +36.0% |
| Amounts payable within one year | 42/48 | €325,853 | €443,280 | +€117,427 | +36.0% |
| Financial debts | 43 | €121,424 | €143,890 | +€22,467 | +18.5% |
| Credit institutions | 430/8 | €121,424 | €143,890 | +€22,467 | +18.5% |
| Trade debts | 44 | €80,513 | €0 | -€80,513 | -100.0% |
| Suppliers | 440/4 | €80,513 | €0 | -€80,513 | -100.0% |
| Advances received on contracts in progress | 46 | €63,750 | €99,700 | +€35,950 | +56.4% |
| Taxes, remuneration and social security | 45 | €6,279 | €11,425 | +€5,146 | +82.0% |
| Taxes | 450/3 | €6,279 | €11,425 | +€5,146 | +82.0% |
| Other amounts payable | 47/48 | €53,887 | €188,265 | +€134,377 | +249.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,354 | €15,980 | -€374 | -2.3% |
| Other operating charges | 640/8 | €30,514 | €18,016 | -€12,498 | -41.0% |
| Gross operating margin | 9900 | €67,736 | €54,069 | -€13,666 | -20.2% |
| Operating profit (loss) | 9901 | €20,867 | €20,073 | -€794 | -3.8% |
| Financial income | 75/76B | €1,815 | €0 | -€1,815 | -100.0% |
| Recurring financial income | 75 | €1,815 | €0 | -€1,815 | -100.0% |
| Financial charges | 65/66B | €18,840 | €2,831 | -€16,009 | -85.0% |
| Recurring financial charges | 65 | €18,840 | €2,831 | -€16,009 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €3,842 | €17,242 | +€13,400 | +348.7% |
| Income taxes | 67/77 | €3,504 | €7,366 | +€3,862 | +110.2% |
| Profit (loss) for the period | 9904 | €338 | €9,876 | +€9,538 | +2818.2% |
| Profit (loss) for the period to be appropriated | 9905 | €338 | €9,876 | +€9,538 | +2818.2% |
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 8 October 2026 via checked.be.