MECAWA: 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.
MECAWA
Largest movements
- Cash +€221,210
up €221,210 (+51.5%), from €429,770 to €650,980
mainly Net result for the year (+€515,613) and Receivables within one year (+€134,473)
- Receivables within one year -€134,473
down €134,473 (-26.6%), from €506,386 to €371,913
of which Trade receivables: -€128,928
- Stocks and contracts -€54,279
down €54,279 (-12.9%), from €419,242 to €364,963
- Other debts +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Profit (loss) carried forward -€84,387
down €84,387 (-26.7%), from €316,563 to €232,176
- Current portion of long-term debt +€26,124
up €26,124 (+14.2%), from €184,217 to €210,341
- Debts after one year -€19,328
down €19,328 (-24.5%), from €79,021 to €59,693
- Gross operating margin +€237,835
up €237,835 (+14.2%), from €1.7m to €1.9m
- Staff costs +€71,546
up €71,546 (+6.4%), from €1.1m to €1.2m
- Taxes +€37,068
up €37,068 (+26.2%), from €141,469 to €178,537
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 | €1,516,180 | €1,538,462 | +€22,282 | +1.5% |
| Fixed assets | 21/28 | €144,005 | €138,830 | -€5,174 | -3.6% |
| Intangible fixed assets | 21 | €2,328 | €1,164 | -€1,164 | -50.0% |
| Tangible fixed assets | 22/27 | €140,338 | €136,328 | -€4,010 | -2.9% |
| Plant, machinery and equipment | 23 | €59,227 | €70,978 | +€11,751 | +19.8% |
| Furniture and vehicles | 24 | €81,111 | €65,350 | -€15,761 | -19.4% |
| Financial fixed assets | 28 | €1,338 | €1,338 | = | 0.0% |
| Current assets | 29/58 | €1,372,175 | €1,399,632 | +€27,457 | +2.0% |
| Stocks and contracts in progress | 3 | €419,242 | €364,963 | -€54,279 | -12.9% |
| Stocks | 30/36 | €419,242 | €364,963 | -€54,279 | -12.9% |
| Amounts receivable within one year | 40/41 | €506,386 | €371,913 | -€134,473 | -26.6% |
| Trade receivables | 40 | €499,656 | €370,729 | -€128,928 | -25.8% |
| Other amounts receivable | 41 | €6,730 | €1,185 | -€5,545 | -82.4% |
| Cash at bank and in hand | 54/58 | €429,770 | €650,980 | +€221,210 | +51.5% |
| Deferred charges and accrued income | 490/1 | €16,777 | €11,775 | -€5,002 | -29.8% |
| Total equity and liabilities | 10/49 | €1,516,180 | €1,538,462 | +€22,282 | +1.5% |
| Equity | 10/15 | €529,601 | €444,505 | -€85,096 | -16.1% |
| Contributions | 10/11 | €212,329 | €212,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €316,563 | €232,176 | -€84,387 | -26.7% |
| Investment grants | 15 | €708 | - | -€708 | |
| Amounts payable | 17/49 | €986,579 | €1,093,957 | +€107,378 | +10.9% |
| Amounts payable after more than one year | 17 | €79,021 | €59,693 | -€19,328 | -24.5% |
| Financial debts | 170/4 | €79,021 | €59,693 | -€19,328 | -24.5% |
| Amounts payable within one year | 42/48 | €897,133 | €1,024,604 | +€127,471 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €184,217 | €210,341 | +€26,124 | +14.2% |
| Trade debts | 44 | €284,290 | €299,487 | +€15,197 | +5.3% |
| Suppliers | 440/4 | €284,290 | €299,487 | +€15,197 | +5.3% |
| Taxes, remuneration and social security | 45 | €128,626 | €114,776 | -€13,851 | -10.8% |
| Taxes | 450/3 | €26,724 | €16,276 | -€10,448 | -39.1% |
| Remuneration and social security | 454/9 | €101,903 | €98,500 | -€3,403 | -3.3% |
| Other amounts payable | 47/48 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €10,425 | €9,660 | -€765 | -7.3% |
| Non-recurring operating income | 76A | - | €3,141 | +€3,141 | |
| Remuneration, social security and pensions | 62 | €1,110,415 | €1,181,961 | +€71,546 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,538 | €35,721 | +€11,184 | +45.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,670 | -€9,093 | -€3,422 | -60.4% |
| Other operating charges | 640/8 | €8,891 | €8,879 | -€12 | -0.1% |
| Gross operating margin | 9900 | €1,680,333 | €1,918,168 | +€237,835 | +14.2% |
| Operating profit (loss) | 9901 | €542,159 | €700,700 | +€158,541 | +29.2% |
| Financial income | 75/76B | €9,029 | €5,448 | -€3,581 | -39.7% |
| Recurring financial income | 75 | €8,368 | €5,448 | -€2,920 | -34.9% |
| Non-recurring financial income | 76B | €661 | - | -€661 | |
| Financial charges | 65/66B | €11,062 | €11,998 | +€936 | +8.5% |
| Recurring financial charges | 65 | €11,062 | €11,998 | +€936 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €540,126 | €694,150 | +€154,023 | +28.5% |
| Income taxes | 67/77 | €141,469 | €178,537 | +€37,068 | +26.2% |
| Profit (loss) for the period | 9904 | €398,657 | €515,613 | +€116,955 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €398,657 | €515,613 | +€116,955 | +29.3% |
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 8 October 2026 via checked.be.