MECASPRING: 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.
What changed
MECASPRING
NACE 28.299, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€69,301
2024 · €123,765-€193,067
Equity
€1.5m
2024 · €1.6m-€106,999
Cash
€121,720
2024 · €52,447+€69,272
Balance sheet total
€7.8m
2024 · €7.8m-€33,498
Largest movements
Assets
- Tangible fixed assets -€359,056
down €359,056 (-12.3%), from €2.9m to €2.6m
of which Leasing and similar rights: -€246,429
- Receivables within one year +€240,257
up €240,257 (+11.5%), from €2.1m to €2.3m
of which Trade receivables: +€216,538
- Financial fixed assets +€158,030
up €158,030 (+61.0%), from €259,132 to €417,162
of which Affiliated companies: +€158,030
- Stocks and contracts -€107,714
down €107,714 (-4.7%), from €2.3m to €2.2m
Equity and liabilities
- Debts after one year -€451,660
down €451,660 (-28.6%), from €1.6m to €1.1m
- Other debts +€379,430
up €379,430 (+3795.1%), from €9,998 to €389,428
- Trade debts +€261,382
up €261,382 (+17.6%), from €1.5m to €1.7m
- Short-term financial debts -€235,817
down €235,817 (-11.9%), from €2.0m to €1.7m
of which Credit institutions: -€200,000
- Current portion of long-term debt +€90,176
up €90,176 (+11.2%), from €802,294 to €892,469
Income statement
- Turnover -€780,077
down €780,077 (-7.5%), from €10.4m to €9.6m
- Staff costs -€737,529
down €737,529 (-18.1%), from €4.1m to €3.3m
- Goods and materials -€329,321
down €329,321 (-8.8%), from €3.7m to €3.4m
of which Change in stocks: decrease (increase): -€536,149
- Provisions +€132,967
no longer reported in 2025 (was -€132,967)
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.
Result 2024
€123,765
Turnover
-€780,077
Other operating income
-€46,728
Goods and materials
+€329,321
Services and other goods
-€1,231
Staff costs
+€737,529
Depreciation
+€71,012
Write-downs
-€1,963
Provisions
-€132,967
Other operating charges
+€1,070
Other operating items
-€477,993
Financial income
-€9,666
Financial charges
+€56,668
Taxes
+€63,995
Deferred taxes and other
-€2,036
Result 2025
-€69,301
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.
From operations
+€1.0m
Investment
-€323,689
Financing
-€634,999
Cash 2024
€52,447
From operations (derived)
+€1.0m
Net result for the year
-€69,301
Depreciation
+€524,485
Stocks and contracts
+€107,714
Receivables within one year
-€240,257
Deferred charges and accrued income
+€34,517
Provisions
-€10,007
Trade debts
+€261,382
Tax, wage and social debts
+€39,998
Other debts
+€379,430
Investment (derived)
-€323,689
Investment in fixed assets (net)
-€323,689
Financing
-€634,999
Debts after one year
-€451,660
Current portion of long-term debt
+€90,176
Short-term financial debts
-€235,817
Contributions, distributions and other
-€37,698
Cash 2025
€121,720
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,837,487 | €7,803,989 | -€33,498 | -0.4% |
| Fixed assets | 21/28 | €3,199,629 | €2,998,833 | -€200,796 | -6.3% |
| Intangible fixed assets | 21 | €10,934 | €11,165 | +€230 | +2.1% |
| Tangible fixed assets | 22/27 | €2,929,563 | €2,570,507 | -€359,056 | -12.3% |
| Land and buildings | 22 | €487,917 | €449,653 | -€38,265 | -7.8% |
| Plant, machinery and equipment | 23 | €765,293 | €688,497 | -€76,795 | -10.0% |
| Furniture and vehicles | 24 | €22,839 | €39,372 | +€16,533 | +72.4% |
| Leasing and similar rights | 25 | €1,639,414 | €1,392,985 | -€246,429 | -15.0% |
| Assets under construction and advance payments | 27 | €14,100 | - | -€14,100 | |
| Financial fixed assets | 28 | €259,132 | €417,162 | +€158,030 | +61.0% |
| Affiliated companies | 280/1 | €257,332 | €415,362 | +€158,030 | +61.4% |
| Amounts receivable | 281 | €257,332 | €415,362 | +€158,030 | +61.4% |
| Other financial fixed assets | 284/8 | €1,800 | €1,800 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €4,637,857 | €4,805,155 | +€167,298 | +3.6% |
| Stocks and contracts in progress | 3 | €2,298,992 | €2,191,279 | -€107,714 | -4.7% |
| Stocks | 30/36 | €2,298,992 | €2,191,279 | -€107,714 | -4.7% |
| Raw materials and consumables | 30/31 | €1,107,781 | €1,096,907 | -€10,874 | -1.0% |
| Finished goods | 33 | €1,066,948 | €866,310 | -€200,638 | -18.8% |
| Goods purchased for resale | 34 | €124,264 | €228,063 | +€103,799 | +83.5% |
| Amounts receivable within one year | 40/41 | €2,094,228 | €2,334,485 | +€240,257 | +11.5% |
| Trade receivables | 40 | €1,845,207 | €2,061,745 | +€216,538 | +11.7% |
| Other amounts receivable | 41 | €249,021 | €272,740 | +€23,719 | +9.5% |
| Cash at bank and in hand | 54/58 | €52,447 | €121,720 | +€69,272 | +132.1% |
| Deferred charges and accrued income | 490/1 | €192,189 | €157,672 | -€34,517 | -18.0% |
| Total equity and liabilities | 10/49 | €7,837,487 | €7,803,989 | -€33,498 | -0.4% |
| Equity | 10/15 | €1,587,094 | €1,480,094 | -€106,999 | -6.7% |
| Contributions | 10/11 | €315,000 | €315,000 | = | 0.0% |
| Capital | 10 | €315,000 | €315,000 | = | 0.0% |
| Issued capital | 100 | €315,000 | €315,000 | = | 0.0% |
| Reserves | 13 | €690,360 | €660,338 | -€30,022 | -4.3% |
| Non-distributable reserves | 130/1 | €31,500 | €31,500 | = | 0.0% |
| Legal reserve | 130 | €31,500 | €31,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €184,481 | €154,459 | -€30,022 | -16.3% |
| Distributable reserves | 133 | €474,379 | €474,379 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283,130 | €243,851 | -€39,279 | -13.9% |
| Investment grants | 15 | €298,603 | €260,905 | -€37,698 | -12.6% |
| Provisions and deferred taxes | 16 | €70,210 | €60,203 | -€10,007 | -14.3% |
| Deferred taxes | 168 | €70,210 | €60,203 | -€10,007 | -14.3% |
| Amounts payable | 17/49 | €6,180,183 | €6,263,692 | +€83,509 | +1.4% |
| Amounts payable after more than one year | 17 | €1,581,238 | €1,129,578 | -€451,660 | -28.6% |
| Financial debts | 170/4 | €1,581,238 | €1,129,578 | -€451,660 | -28.6% |
| Leasing and similar obligations | 172 | €405,600 | €81,852 | -€323,748 | -79.8% |
| Credit institutions | 173 | €1,175,638 | €1,047,726 | -€127,912 | -10.9% |
| Amounts payable within one year | 42/48 | €4,598,945 | €5,134,114 | +€535,169 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €802,294 | €892,469 | +€90,176 | +11.2% |
| Financial debts | 43 | €1,985,376 | €1,749,559 | -€235,817 | -11.9% |
| Credit institutions | 430/8 | €900,000 | €700,000 | -€200,000 | -22.2% |
| Other loans | 439 | €1,085,376 | €1,049,559 | -€35,817 | -3.3% |
| Trade debts | 44 | €1,486,627 | €1,748,009 | +€261,382 | +17.6% |
| Suppliers | 440/4 | €1,486,627 | €1,748,009 | +€261,382 | +17.6% |
| Taxes, remuneration and social security | 45 | €314,651 | €354,649 | +€39,998 | +12.7% |
| Taxes | 450/3 | - | €49,846 | +€49,846 | |
| Remuneration and social security | 454/9 | €314,651 | €304,802 | -€9,849 | -3.1% |
| Other amounts payable | 47/48 | €9,998 | €389,428 | +€379,430 | +3795.1% |
| Operating income | 70/76A | €10,940,118 | €9,624,240 | -€1.3m | -12.0% |
| Turnover | 70 | €10,396,217 | €9,616,140 | -€780,077 | -7.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €391,241 | -€97,833 | -€489,074 | |
| Other operating income | 74 | €152,661 | €105,933 | -€46,728 | -30.6% |
| Operating charges | 60/66A | €10,589,384 | €9,575,533 | -€1.0m | -9.6% |
| Goods for resale, raw materials and consumables | 60 | €3,745,463 | €3,416,141 | -€329,321 | -8.8% |
| Purchases | 600/8 | €3,199,433 | €3,406,261 | +€206,828 | +6.5% |
| Change in stocks: decrease (increase) | 609 | €546,030 | €9,881 | -€536,149 | -98.2% |
| Services and other goods | 61 | €2,245,159 | €2,246,390 | +€1,231 | +0.1% |
| Remuneration, social security and pensions | 62 | €4,066,016 | €3,328,487 | -€737,529 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €595,497 | €524,485 | -€71,012 | -11.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,963 | - | +€1,963 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€132,967 | - | +€132,967 | |
| Other operating charges | 640/8 | €61,099 | €60,029 | -€1,070 | -1.8% |
| Non-recurring operating charges | 66A | €11,081 | - | -€11,081 | |
| Operating profit (loss) | 9901 | €350,734 | €48,707 | -€302,027 | -86.1% |
| Financial income | 75/76B | €61,549 | €51,883 | -€9,666 | -15.7% |
| Recurring financial income | 75 | €61,549 | €51,883 | -€9,666 | -15.7% |
| Income from financial fixed assets | 750 | €9,410 | €7,903 | -€1,507 | -16.0% |
| Income from current assets | 751 | €3,228 | €4,818 | +€1,590 | +49.3% |
| Other financial income | 752/9 | €48,912 | €39,162 | -€9,750 | -19.9% |
| Financial charges | 65/66B | €226,082 | €169,414 | -€56,668 | -25.1% |
| Recurring financial charges | 65 | €226,082 | €169,414 | -€56,668 | -25.1% |
| Debt charges | 650 | €210,894 | €154,930 | -€55,965 | -26.5% |
| Other financial charges | 652/9 | €15,188 | €14,484 | -€703 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €186,201 | -€68,824 | -€255,026 | |
| Transfer from deferred taxes | 780 | €12,043 | €10,007 | -€2,036 | -16.9% |
| Income taxes | 67/77 | €74,479 | €10,484 | -€63,995 | -85.9% |
| Taxes | 670/3 | €74,479 | €10,484 | -€63,995 | -85.9% |
| Profit (loss) for the period | 9904 | €123,765 | -€69,301 | -€193,067 | |
| Transfer from tax-exempt reserves | 789 | €32,373 | €30,022 | -€2,351 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,139 | -€39,279 | -€195,418 |
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 6 October 2026 via checked.be.