MECATEL: 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.
MECATEL
Largest movements
- Current investments +€300,000
new in 2025: €300,000
- Cash -€162,127
down €162,127 (-71.9%), from €225,470 to €63,343
mainly Current investments (-€300,000) and Other debts (-€18,000)
- Receivables within one year -€122,044
down €122,044 (-73.7%), from €165,699 to €43,656
of which Trade receivables: -€129,864
- Tangible fixed assets -€22,332
down €22,332 (-5.6%), from €397,049 to €374,717
of which Land and buildings: -€22,238
- Profit (loss) carried forward +€22,554
up €22,554 (+4.4%), from €513,162 to €535,716
- Other debts -€18,000
no longer reported in 2025 (was €18,000)
- Short-term financial debts -€10,260
down €10,260 (-8.2%), from €124,976 to €114,716
- Taxes +€1,026
up €1,026 (+15.8%), from €6,492 to €7,518
- Other operating charges -€754
down €754 (-3.2%), from €23,273 to €22,519
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 | €788,353 | €781,759 | -€6,595 | -0.8% |
| Fixed assets | 21/28 | €397,049 | €374,717 | -€22,332 | -5.6% |
| Tangible fixed assets | 22/27 | €397,049 | €374,717 | -€22,332 | -5.6% |
| Land and buildings | 22 | €396,765 | €374,528 | -€22,238 | -5.6% |
| Other tangible fixed assets | 26 | €283 | €189 | -€94 | -33.3% |
| Current assets | 29/58 | €391,305 | €407,042 | +€15,737 | +4.0% |
| Amounts receivable within one year | 40/41 | €165,699 | €43,656 | -€122,044 | -73.7% |
| Trade receivables | 40 | €130,052 | €188 | -€129,864 | -99.9% |
| Other amounts receivable | 41 | €35,647 | €43,467 | +€7,821 | +21.9% |
| Current investments | 50/53 | - | €300,000 | +€300,000 | |
| Cash at bank and in hand | 54/58 | €225,470 | €63,343 | -€162,127 | -71.9% |
| Deferred charges and accrued income | 490/1 | €135 | €44 | -€92 | -67.9% |
| Total equity and liabilities | 10/49 | €788,353 | €781,759 | -€6,595 | -0.8% |
| Equity | 10/15 | €581,362 | €603,916 | +€22,554 | +3.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,162 | €535,716 | +€22,554 | +4.4% |
| Amounts payable | 17/49 | €206,991 | €177,842 | -€29,149 | -14.1% |
| Amounts payable after more than one year | 17 | €23,050 | €23,050 | = | 0.0% |
| Other amounts payable | 178/9 | €23,050 | €23,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,893 | €115,744 | -€29,149 | -20.1% |
| Financial debts | 43 | €124,976 | €114,716 | -€10,260 | -8.2% |
| Other loans | 439 | €124,976 | €114,716 | -€10,260 | -8.2% |
| Trade debts | 44 | €1,059 | €1,028 | -€31 | -2.9% |
| Suppliers | 440/4 | €1,059 | €1,028 | -€31 | -2.9% |
| Taxes, remuneration and social security | 45 | €858 | - | -€858 | |
| Taxes | 450/3 | €858 | - | -€858 | |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Accrued charges and deferred income | 492/3 | €39,048 | €39,048 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,332 | €22,332 | -€0 | 0.0% |
| Other operating charges | 640/8 | €23,273 | €22,519 | -€754 | -3.2% |
| Gross operating margin | 9900 | €75,034 | €75,239 | +€206 | +0.3% |
| Operating profit (loss) | 9901 | €29,429 | €30,389 | +€960 | +3.3% |
| Financial income | 75/76B | €96 | - | -€96 | |
| Recurring financial income | 75 | €96 | - | -€96 | |
| Financial charges | 65/66B | €318 | €317 | -€1 | -0.4% |
| Recurring financial charges | 65 | €318 | €317 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €29,207 | €30,072 | +€865 | +3.0% |
| Income taxes | 67/77 | €6,492 | €7,518 | +€1,026 | +15.8% |
| Profit (loss) for the period | 9904 | €22,715 | €22,554 | -€161 | -0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,715 | €22,554 | -€161 | -0.7% |
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 5 October 2026 via checked.be.