MECAVIC: 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.
MECAVIC
Largest movements
- Current investments +€92,877
up €92,877 (+30.9%), from €300,912 to €393,789
- Cash -€42,994
down €42,994 (-32.6%), from €131,707 to €88,713
mainly Current investments (-€92,877) and Tax, wage and social debts (-€3,374)
- Reserves +€51,234
up €51,234 (+12.8%), from €401,490 to €452,723
- Gross operating margin -€13,678
down €13,678 (-15.7%), from €87,024 to €73,347
- Taxes -€4,951
down €4,951 (-17.1%), from €28,965 to €24,014
- Financial income -€1,949
down €1,949 (-37.2%), from €5,245 to €3,296
- Other operating charges -€1,694
down €1,694 (-70.2%), from €2,413 to €719
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 | €451,126 | €500,752 | +€49,626 | +11.0% |
| Fixed assets | 21/28 | €4,007 | €3,799 | -€207 | -5.2% |
| Tangible fixed assets | 22/27 | €3,982 | €3,775 | -€207 | -5.2% |
| Land and buildings | 22 | €3,718 | €3,718 | = | 0.0% |
| Plant, machinery and equipment | 23 | €264 | €56 | -€207 | -78.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €447,119 | €496,952 | +€49,833 | +11.1% |
| Stocks and contracts in progress | 3 | €416 | €1,114 | +€698 | +167.9% |
| Stocks | 30/36 | €416 | €1,114 | +€698 | +167.9% |
| Amounts receivable within one year | 40/41 | €12,688 | €11,940 | -€748 | -5.9% |
| Trade receivables | 40 | €12,151 | €11,504 | -€647 | -5.3% |
| Other amounts receivable | 41 | €536 | €435 | -€101 | -18.8% |
| Current investments | 50/53 | €300,912 | €393,789 | +€92,877 | +30.9% |
| Cash at bank and in hand | 54/58 | €131,707 | €88,713 | -€42,994 | -32.6% |
| Deferred charges and accrued income | 490/1 | €1,396 | €1,396 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €451,126 | €500,752 | +€49,626 | +11.0% |
| Equity | 10/15 | €433,478 | €484,712 | +€51,234 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,490 | €452,723 | +€51,234 | +12.8% |
| Distributable reserves | 133 | €401,490 | €452,723 | +€51,234 | +12.8% |
| Profit (loss) carried forward | 14 | €25,789 | €25,789 | = | 0.0% |
| Amounts payable | 17/49 | €17,647 | €16,039 | -€1,608 | -9.1% |
| Amounts payable within one year | 42/48 | €17,529 | €15,903 | -€1,626 | -9.3% |
| Trade debts | 44 | €2,734 | €1,781 | -€953 | -34.9% |
| Suppliers | 440/4 | €2,734 | €1,781 | -€953 | -34.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,888 | €5,514 | -€3,374 | -38.0% |
| Taxes | 450/3 | €8,888 | €5,514 | -€3,374 | -38.0% |
| Other amounts payable | 47/48 | €5,907 | €8,608 | +€2,701 | +45.7% |
| Accrued charges and deferred income | 492/3 | €118 | €136 | +€18 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €207 | €207 | = | 0.0% |
| Other operating charges | 640/8 | €2,413 | €719 | -€1,694 | -70.2% |
| Gross operating margin | 9900 | €87,024 | €73,347 | -€13,678 | -15.7% |
| Operating profit (loss) | 9901 | €84,404 | €72,420 | -€11,984 | -14.2% |
| Financial income | 75/76B | €5,245 | €3,296 | -€1,949 | -37.2% |
| Recurring financial income | 75 | €5,245 | €3,296 | -€1,949 | -37.2% |
| Financial charges | 65/66B | €383 | €469 | +€86 | +22.4% |
| Recurring financial charges | 65 | €383 | €469 | +€86 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €89,266 | €75,248 | -€14,019 | -15.7% |
| Income taxes | 67/77 | €28,965 | €24,014 | -€4,951 | -17.1% |
| Profit (loss) for the period | 9904 | €60,301 | €51,234 | -€9,067 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,301 | €51,234 | -€9,067 | -15.0% |
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 30 September 2026 via checked.be.