MECARUSSO: 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.
MECARUSSO
Largest movements
- Cash +€249,163
up €249,163 (+599.8%), from €41,543 to €290,706
mainly Current investments (+€200,000) and Receivables within one year (+€36,436)
- Current investments -€200,000
down €200,000 (-44.4%), from €450,000 to €250,000
- Receivables within one year -€36,436
down €36,436 (-31.4%), from €116,088 to €79,653
of which Trade receivables: -€36,201
- Reserves +€23,500
up €23,500 (+4.4%), from €534,500 to €558,000
- Trade debts -€12,593
down €12,593 (-55.1%), from €22,875 to €10,282
- Gross operating margin -€118,107
down €118,107 (-51.7%), from €228,345 to €110,238
- Taxes -€32,220
down €32,220 (-69.3%), from €46,461 to €14,241
- Write-downs -€11,759
no longer reported in 2025 (was €11,759)
- Staff costs -€8,168
down €8,168 (-11.0%), from €74,122 to €65,955
- Financial income -€5,191
down €5,191 (-41.3%), from €12,558 to €7,366
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 | €624,513 | €633,893 | +€9,380 | +1.5% |
| Fixed assets | 21/28 | €9,977 | €7,014 | -€2,964 | -29.7% |
| Tangible fixed assets | 22/27 | €9,878 | €6,914 | -€2,964 | -30.0% |
| Land and buildings | 22 | €6,928 | €6,227 | -€701 | -10.1% |
| Plant, machinery and equipment | 23 | €944 | €644 | -€300 | -31.8% |
| Furniture and vehicles | 24 | €2,006 | €43 | -€1,963 | -97.8% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €614,536 | €626,880 | +€12,343 | +2.0% |
| Amounts receivable within one year | 40/41 | €116,088 | €79,653 | -€36,436 | -31.4% |
| Trade receivables | 40 | €90,975 | €54,773 | -€36,201 | -39.8% |
| Other amounts receivable | 41 | €25,114 | €24,879 | -€235 | -0.9% |
| Current investments | 50/53 | €450,000 | €250,000 | -€200,000 | -44.4% |
| Cash at bank and in hand | 54/58 | €41,543 | €290,706 | +€249,163 | +599.8% |
| Deferred charges and accrued income | 490/1 | €6,905 | €6,521 | -€384 | -5.6% |
| Total equity and liabilities | 10/49 | €624,513 | €633,893 | +€9,380 | +1.5% |
| Equity | 10/15 | €590,721 | €614,384 | +€23,663 | +4.0% |
| Contributions | 10/11 | €44,150 | €44,150 | = | 0.0% |
| Reserves | 13 | €534,500 | €558,000 | +€23,500 | +4.4% |
| Distributable reserves | 133 | €534,500 | €558,000 | +€23,500 | +4.4% |
| Profit (loss) carried forward | 14 | €12,071 | €12,234 | +€163 | +1.3% |
| Amounts payable | 17/49 | €33,792 | €19,509 | -€14,283 | -42.3% |
| Amounts payable within one year | 42/48 | €33,529 | €19,509 | -€14,020 | -41.8% |
| Trade debts | 44 | €22,875 | €10,282 | -€12,593 | -55.1% |
| Suppliers | 440/4 | €22,875 | €10,282 | -€12,593 | -55.1% |
| Taxes, remuneration and social security | 45 | €10,654 | €9,227 | -€1,427 | -13.4% |
| Taxes | 450/3 | €2,961 | €2,927 | -€35 | -1.2% |
| Remuneration and social security | 454/9 | €7,693 | €6,300 | -€1,393 | -18.1% |
| Accrued charges and deferred income | 492/3 | €263 | €0 | -€263 | -100.0% |
| Remuneration, social security and pensions | 62 | €74,122 | €65,955 | -€8,168 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,840 | €2,964 | -€2,876 | -49.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,759 | - | -€11,759 | |
| Other operating charges | 640/8 | €10,096 | €10,149 | +€53 | +0.5% |
| Gross operating margin | 9900 | €228,345 | €110,238 | -€118,107 | -51.7% |
| Operating profit (loss) | 9901 | €126,528 | €31,171 | -€95,357 | -75.4% |
| Financial income | 75/76B | €12,558 | €7,366 | -€5,191 | -41.3% |
| Recurring financial income | 75 | €12,558 | €7,366 | -€5,191 | -41.3% |
| Financial charges | 65/66B | €643 | €633 | -€10 | -1.5% |
| Recurring financial charges | 65 | €643 | €633 | -€10 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €138,442 | €37,904 | -€100,539 | -72.6% |
| Income taxes | 67/77 | €46,461 | €14,241 | -€32,220 | -69.3% |
| Profit (loss) for the period | 9904 | €91,981 | €23,663 | -€68,319 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,981 | €23,663 | -€68,319 | -74.3% |
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 10 October 2026 via checked.be.