Mecarudi: 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.
Mecarudi
Largest movements
- Cash +€123,819
up €123,819 (+57.4%), from €215,711 to €339,530
mainly Net result for the year (+€136,936) and Trade debts (+€37,785)
- Stocks and contracts +€26,856
up €26,856 (+17.8%), from €151,297 to €178,153
- Receivables within one year -€22,098
down €22,098 (-10.1%), from €218,767 to €196,670
of which Trade receivables: -€24,658
- Tangible fixed assets -€17,152
down €17,152 (-37.7%), from €45,528 to €28,376
of which Plant, machinery and equipment: -€9,392
- Reserves +€50,000
up €50,000 (+16.1%), from €310,000 to €360,000
of which Distributable reserves: +€50,000
- Trade debts +€37,785
up €37,785 (+82.8%), from €45,650 to €83,435
- Profit (loss) carried forward +€26,936
up €26,936 (+66.8%), from €40,342 to €67,278
- Tax, wage and social debts -€24,619
down €24,619 (-24.1%), from €102,203 to €77,585
of which Taxes: -€21,477
- Other debts +€21,500
up €21,500 (+63.2%), from €34,000 to €55,500
- Gross operating margin +€31,318
up €31,318 (+7.9%), from €397,756 to €429,074
- Taxes +€10,320
up €10,320 (+26.3%), from €39,232 to €49,552
- Staff costs -€7,999
down €7,999 (-3.5%), from €226,960 to €218,961
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 | €632,210 | €743,821 | +€111,611 | +17.7% |
| Fixed assets | 21/28 | €45,528 | €28,376 | -€17,152 | -37.7% |
| Tangible fixed assets | 22/27 | €45,528 | €28,376 | -€17,152 | -37.7% |
| Plant, machinery and equipment | 23 | €31,948 | €22,556 | -€9,392 | -29.4% |
| Furniture and vehicles | 24 | €13,580 | €5,820 | -€7,760 | -57.1% |
| Current assets | 29/58 | €586,682 | €715,445 | +€128,762 | +21.9% |
| Stocks and contracts in progress | 3 | €151,297 | €178,153 | +€26,856 | +17.8% |
| Stocks | 30/36 | €151,297 | €178,153 | +€26,856 | +17.8% |
| Amounts receivable within one year | 40/41 | €218,767 | €196,670 | -€22,098 | -10.1% |
| Trade receivables | 40 | €218,767 | €194,110 | -€24,658 | -11.3% |
| Other amounts receivable | 41 | - | €2,560 | +€2,560 | |
| Cash at bank and in hand | 54/58 | €215,711 | €339,530 | +€123,819 | +57.4% |
| Deferred charges and accrued income | 490/1 | €907 | €1,092 | +€185 | +20.3% |
| Total equity and liabilities | 10/49 | €632,210 | €743,821 | +€111,611 | +17.7% |
| Equity | 10/15 | €450,342 | €527,278 | +€76,936 | +17.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €310,000 | €360,000 | +€50,000 | +16.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Profit (loss) carried forward | 14 | €40,342 | €67,278 | +€26,936 | +66.8% |
| Amounts payable | 17/49 | €181,869 | €216,544 | +€34,675 | +19.1% |
| Amounts payable within one year | 42/48 | €181,853 | €216,520 | +€34,666 | +19.1% |
| Trade debts | 44 | €45,650 | €83,435 | +€37,785 | +82.8% |
| Suppliers | 440/4 | €45,650 | €83,435 | +€37,785 | +82.8% |
| Taxes, remuneration and social security | 45 | €102,203 | €77,585 | -€24,619 | -24.1% |
| Taxes | 450/3 | €80,706 | €59,229 | -€21,477 | -26.6% |
| Remuneration and social security | 454/9 | €21,497 | €18,356 | -€3,142 | -14.6% |
| Other amounts payable | 47/48 | €34,000 | €55,500 | +€21,500 | +63.2% |
| Accrued charges and deferred income | 492/3 | €15 | €24 | +€9 | +55.7% |
| Remuneration, social security and pensions | 62 | €226,960 | €218,961 | -€7,999 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,352 | €17,152 | +€2,800 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,863 | €5,415 | +€1,552 | +40.2% |
| Other operating charges | 640/8 | €731 | €754 | +€22 | +3.1% |
| Gross operating margin | 9900 | €397,756 | €429,074 | +€31,318 | +7.9% |
| Operating profit (loss) | 9901 | €151,850 | €186,793 | +€34,943 | +23.0% |
| Financial charges | 65/66B | €257 | €305 | +€48 | +18.5% |
| Recurring financial charges | 65 | €257 | €305 | +€48 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €151,593 | €186,488 | +€34,895 | +23.0% |
| Income taxes | 67/77 | €39,232 | €49,552 | +€10,320 | +26.3% |
| Profit (loss) for the period | 9904 | €112,361 | €136,936 | +€24,575 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,361 | €136,936 | +€24,575 | +21.9% |
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 18 October 2026 via checked.be.