MECASEB: 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.
MECASEB
Largest movements
- Receivables within one year -€42,135
down €42,135 (-19.6%), from €214,877 to €172,742
of which Trade receivables: -€43,726
- Tangible fixed assets +€11,913
new in 2025: €11,913
- Deferred charges and accrued income -€3,300
no longer reported in 2025 (was €3,300)
- Tax, wage and social debts -€62,341
down €62,341 (-47.4%), from €131,559 to €69,218
of which Taxes: -€32,537
- Profit (loss) carried forward +€41,363
up €41,363, from -€27,134 to €14,230
- Trade debts -€12,206
down €12,206 (-28.1%), from €43,447 to €31,241
- Gross operating margin +€119,323
up €119,323 (+48.1%), from €248,117 to €367,440
- Staff costs -€34,079
down €34,079 (-10.6%), from €321,155 to €287,076
- Financial charges +€19,590
up €19,590 (+290.0%), from €6,756 to €26,346
- Other operating charges +€7,396
up €7,396 (+200.7%), from €3,685 to €11,082
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 | €220,073 | €186,889 | -€33,184 | -15.1% |
| Fixed assets | 21/28 | €120 | €12,033 | +€11,913 | +9927.7% |
| Tangible fixed assets | 22/27 | - | €11,913 | +€11,913 | |
| Furniture and vehicles | 24 | - | €11,913 | +€11,913 | |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €219,953 | €174,856 | -€45,097 | -20.5% |
| Amounts receivable within one year | 40/41 | €214,877 | €172,742 | -€42,135 | -19.6% |
| Trade receivables | 40 | €214,877 | €171,151 | -€43,726 | -20.3% |
| Other amounts receivable | 41 | - | €1,591 | +€1,591 | |
| Cash at bank and in hand | 54/58 | €1,777 | €2,114 | +€337 | +19.0% |
| Deferred charges and accrued income | 490/1 | €3,300 | - | -€3,300 | |
| Total equity and liabilities | 10/49 | €220,073 | €186,889 | -€33,184 | -15.1% |
| Equity | 10/15 | €45,067 | €86,430 | +€41,363 | +91.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €52,200 | €52,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €50,200 | €50,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,134 | €14,230 | +€41,363 | |
| Amounts payable | 17/49 | €175,006 | €100,459 | -€74,547 | -42.6% |
| Amounts payable within one year | 42/48 | €175,006 | €100,459 | -€74,547 | -42.6% |
| Trade debts | 44 | €43,447 | €31,241 | -€12,206 | -28.1% |
| Suppliers | 440/4 | €43,447 | €31,241 | -€12,206 | -28.1% |
| Taxes, remuneration and social security | 45 | €131,559 | €69,218 | -€62,341 | -47.4% |
| Taxes | 450/3 | €51,031 | €18,494 | -€32,537 | -63.8% |
| Remuneration and social security | 454/9 | €80,528 | €50,724 | -€29,804 | -37.0% |
| Remuneration, social security and pensions | 62 | €321,155 | €287,076 | -€34,079 | -10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,357 | +€1,357 | |
| Other operating charges | 640/8 | €3,685 | €11,082 | +€7,396 | +200.7% |
| Gross operating margin | 9900 | €248,117 | €367,440 | +€119,323 | +48.1% |
| Operating profit (loss) | 9901 | -€76,724 | €67,925 | +€144,649 | |
| Financial charges | 65/66B | €6,756 | €26,346 | +€19,590 | +290.0% |
| Recurring financial charges | 65 | €6,756 | €26,346 | +€19,590 | +290.0% |
| Profit (loss) for the period before taxes | 9903 | -€83,479 | €41,580 | +€125,059 | |
| Income taxes | 67/77 | €239 | €216 | -€22 | -9.4% |
| Profit (loss) for the period | 9904 | -€83,718 | €41,363 | +€125,081 | |
| Profit (loss) for the period to be appropriated | 9905 | -€83,718 | €41,363 | +€125,081 |
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 7 October 2026 via checked.be.