MECATRAC: 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.
MECATRAC
Largest movements
- Tangible fixed assets +€119,274
up €119,274 (+54.4%), from €219,391 to €338,665
of which Furniture and vehicles: +€87,676
- Receivables within one year +€65,276
up €65,276 (+27.5%), from €237,260 to €302,536
of which Trade receivables: +€65,270
- Cash +€19,086
up €19,086 (+80.8%), from €23,612 to €42,698
mainly Trade debts (+€77,983) and Debts after one year (+€66,563)
- Deferred charges and accrued income +€8,336
up €8,336 (+187%), from €4,454 to €12,790
- Trade debts +€77,983
up €77,983 (+66.6%), from €117,053 to €195,036
- Debts after one year +€66,563
up €66,563 (+58.5%), from €113,707 to €180,269
- Reserves +€30,000
up €30,000 (+63.7%), from €47,067 to €77,067
of which Distributable reserves: +€30,000
- Current portion of long-term debt +€15,867
up €15,867 (+39.2%), from €40,435 to €56,302
- Tax, wage and social debts +€15,099
up €15,099 (+32.9%), from €45,875 to €60,974
of which Remuneration and social security: +€9,748
- Gross operating margin +€40,808
up €40,808 (+15.5%), from €264,080 to €304,888
- Staff costs +€40,272
up €40,272 (+35.5%), from €113,446 to €153,719
- Depreciation +€13,828
up €13,828 (+29.9%), from €46,279 to €60,107
- Taxes -€7,334
down €7,334 (-33.7%), from €21,784 to €14,450
- Other operating charges +€6,503
up €6,503 (+22.0%), from €29,491 to €35,994
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 | €543,931 | €749,372 | +€205,441 | +37.8% |
| Fixed assets | 21/28 | €219,416 | €338,690 | +€119,274 | +54.4% |
| Tangible fixed assets | 22/27 | €219,391 | €338,665 | +€119,274 | +54.4% |
| Land and buildings | 22 | €135,465 | €173,854 | +€38,389 | +28.3% |
| Plant, machinery and equipment | 23 | €4,999 | €6,749 | +€1,750 | +35.0% |
| Furniture and vehicles | 24 | €48,484 | €136,160 | +€87,676 | +181% |
| Leasing and similar rights | 25 | €30,444 | €21,903 | -€8,541 | -28.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €324,515 | €410,682 | +€86,167 | +26.6% |
| Stocks and contracts in progress | 3 | €59,189 | €52,657 | -€6,531 | -11.0% |
| Stocks | 30/36 | €59,189 | €52,657 | -€6,531 | -11.0% |
| Amounts receivable within one year | 40/41 | €237,260 | €302,536 | +€65,276 | +27.5% |
| Trade receivables | 40 | €236,404 | €301,674 | +€65,270 | +27.6% |
| Other amounts receivable | 41 | €856 | €862 | +€6 | +0.7% |
| Cash at bank and in hand | 54/58 | €23,612 | €42,698 | +€19,086 | +80.8% |
| Deferred charges and accrued income | 490/1 | €4,454 | €12,790 | +€8,336 | +187% |
| Total equity and liabilities | 10/49 | €543,931 | €749,372 | +€205,441 | +37.8% |
| Equity | 10/15 | €137,611 | €168,442 | +€30,831 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47,067 | €77,067 | +€30,000 | +63.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,207 | €75,207 | +€30,000 | +66.4% |
| Profit (loss) carried forward | 14 | €71,944 | €72,775 | +€831 | +1.2% |
| Amounts payable | 17/49 | €406,320 | €580,930 | +€174,610 | +43.0% |
| Amounts payable after more than one year | 17 | €113,707 | €180,269 | +€66,563 | +58.5% |
| Financial debts | 170/4 | €113,707 | €180,269 | +€66,563 | +58.5% |
| Amounts payable within one year | 42/48 | €292,325 | €397,024 | +€104,699 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €40,435 | €56,302 | +€15,867 | +39.2% |
| Trade debts | 44 | €117,053 | €195,036 | +€77,983 | +66.6% |
| Suppliers | 440/4 | €117,053 | €195,036 | +€77,983 | +66.6% |
| Taxes, remuneration and social security | 45 | €45,875 | €60,974 | +€15,099 | +32.9% |
| Taxes | 450/3 | €25,598 | €30,950 | +€5,351 | +20.9% |
| Remuneration and social security | 454/9 | €20,277 | €30,024 | +€9,748 | +48.1% |
| Other amounts payable | 47/48 | €88,961 | €84,711 | -€4,250 | -4.8% |
| Accrued charges and deferred income | 492/3 | €289 | €3,637 | +€3,348 | +1,158% |
| Remuneration, social security and pensions | 62 | €113,446 | €153,719 | +€40,272 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,279 | €60,107 | +€13,828 | +29.9% |
| Other operating charges | 640/8 | €29,491 | €35,994 | +€6,503 | +22.0% |
| Non-recurring operating charges | 66A | €4,742 | - | -€4,742 | |
| Gross operating margin | 9900 | €264,080 | €304,888 | +€40,808 | +15.5% |
| Operating profit (loss) | 9901 | €70,122 | €55,068 | -€15,053 | -21.5% |
| Financial income | 75/76B | €475 | €820 | +€346 | +72.9% |
| Recurring financial income | 75 | €475 | €33 | -€442 | -93.0% |
| Non-recurring financial income | 76B | - | €787 | +€787 | |
| Financial charges | 65/66B | €8,185 | €10,607 | +€2,422 | +29.6% |
| Recurring financial charges | 65 | €8,185 | €8,287 | +€103 | +1.3% |
| Non-recurring financial charges | 66B | - | €2,320 | +€2,320 | |
| Profit (loss) for the period before taxes | 9903 | €62,411 | €45,281 | -€17,130 | -27.4% |
| Income taxes | 67/77 | €21,784 | €14,450 | -€7,334 | -33.7% |
| Profit (loss) for the period | 9904 | €40,627 | €30,831 | -€9,796 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,627 | €30,831 | -€9,796 | -24.1% |
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 14 October 2026 via checked.be.