MECATURF: 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.
MECATURF
Largest movements
- Receivables within one year -€100,414
down €100,414 (-31.2%), from €322,330 to €221,916
of which Other amounts receivable: -€98,968
- Cash +€32,380
up €32,380 (+28.8%), from €112,256 to €144,635
mainly Receivables within one year (+€100,414) and Net result for the year (+€62,562)
- Stocks and contracts -€17,631
down €17,631 (-87.8%), from €20,081 to €2,450
- Short-term financial debts -€75,017
down €75,017 (-36.8%), from €204,067 to €129,050
- Trade debts -€27,854
down €27,854 (-24.2%), from €114,914 to €87,061
- Other debts +€23,220
up €23,220 (+40.7%), from €56,984 to €80,203
- Debts after one year -€17,191
down €17,191 (-6.0%), from €284,263 to €267,072
- Investment grants +€13,252
new in 2025: €13,252
- Gross operating margin -€36,679
down €36,679 (-12.2%), from €300,080 to €263,401
- Taxes -€10,248
down €10,248 (-32.3%), from €31,704 to €21,456
- Depreciation +€4,509
up €4,509 (+21.1%), from €21,370 to €25,878
- Financial charges -€4,378
down €4,378 (-21.7%), from €20,198 to €15,821
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 | €883,157 | €795,181 | -€87,976 | -10.0% |
| Fixed assets | 21/28 | €428,099 | €426,053 | -€2,046 | -0.5% |
| Tangible fixed assets | 22/27 | €408,099 | €406,053 | -€2,046 | -0.5% |
| Land and buildings | 22 | €385,432 | €367,421 | -€18,012 | -4.7% |
| Plant, machinery and equipment | 23 | €3,797 | €2,334 | -€1,463 | -38.5% |
| Furniture and vehicles | 24 | €6,477 | €25,155 | +€18,679 | +288% |
| Other tangible fixed assets | 26 | €12,393 | €11,143 | -€1,250 | -10.1% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €455,058 | €369,128 | -€85,930 | -18.9% |
| Stocks and contracts in progress | 3 | €20,081 | €2,450 | -€17,631 | -87.8% |
| Stocks | 30/36 | €20,081 | €2,450 | -€17,631 | -87.8% |
| Amounts receivable within one year | 40/41 | €322,330 | €221,916 | -€100,414 | -31.2% |
| Trade receivables | 40 | €128,373 | €126,927 | -€1,446 | -1.1% |
| Other amounts receivable | 41 | €193,957 | €94,989 | -€98,968 | -51.0% |
| Cash at bank and in hand | 54/58 | €112,256 | €144,635 | +€32,380 | +28.8% |
| Deferred charges and accrued income | 490/1 | €391 | €127 | -€264 | -67.5% |
| Total equity and liabilities | 10/49 | €883,157 | €795,181 | -€87,976 | -10.0% |
| Equity | 10/15 | €153,882 | €167,196 | +€13,314 | +8.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €116,149 | €116,149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €74 | €74 | = | 0.0% |
| Other | 1319 | €74 | €74 | = | 0.0% |
| Tax-exempt reserves | 132 | €74 | €74 | = | 0.0% |
| Distributable reserves | 133 | €116,000 | €116,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549 | €611 | +€62 | +11.2% |
| Investment grants | 15 | - | €13,252 | +€13,252 | |
| Amounts payable | 17/49 | €729,275 | €627,985 | -€101,290 | -13.9% |
| Amounts payable after more than one year | 17 | €284,263 | €267,072 | -€17,191 | -6.0% |
| Financial debts | 170/4 | €284,263 | €267,072 | -€17,191 | -6.0% |
| Amounts payable within one year | 42/48 | €445,012 | €360,914 | -€84,099 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €32,112 | €29,533 | -€2,580 | -8.0% |
| Financial debts | 43 | €204,067 | €129,050 | -€75,017 | -36.8% |
| Credit institutions | 430/8 | €204,067 | €129,050 | -€75,017 | -36.8% |
| Trade debts | 44 | €114,914 | €87,061 | -€27,854 | -24.2% |
| Suppliers | 440/4 | €114,914 | €87,061 | -€27,854 | -24.2% |
| Taxes, remuneration and social security | 45 | €36,934 | €35,067 | -€1,868 | -5.1% |
| Taxes | 450/3 | €27,254 | €20,160 | -€7,094 | -26.0% |
| Remuneration and social security | 454/9 | €9,681 | €14,907 | +€5,226 | +54.0% |
| Other amounts payable | 47/48 | €56,984 | €80,203 | +€23,220 | +40.7% |
| Remuneration, social security and pensions | 62 | €128,868 | €126,258 | -€2,610 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,370 | €25,878 | +€4,509 | +21.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,491 | €10,239 | -€2,251 | -18.0% |
| Other operating charges | 640/8 | €4,011 | €3,090 | -€921 | -23.0% |
| Gross operating margin | 9900 | €300,080 | €263,401 | -€36,679 | -12.2% |
| Operating profit (loss) | 9901 | €133,341 | €97,935 | -€35,406 | -26.6% |
| Financial income | 75/76B | €71 | €1,903 | +€1,832 | +2,591% |
| Recurring financial income | 75 | €71 | €1,903 | +€1,832 | +2,591% |
| Financial charges | 65/66B | €20,198 | €15,821 | -€4,378 | -21.7% |
| Recurring financial charges | 65 | €20,198 | €15,821 | -€4,378 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €113,213 | €84,017 | -€29,196 | -25.8% |
| Income taxes | 67/77 | €31,704 | €21,456 | -€10,248 | -32.3% |
| Profit (loss) for the period | 9904 | €81,509 | €62,562 | -€18,948 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €81,509 | €62,562 | -€18,948 | -23.2% |
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 19 October 2026 via checked.be.