MECAWAL: 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.
MECAWAL
Largest movements
- Cash -€355,165
down €355,165 (-51.6%), from €688,680 to €333,515
mainly Other debts (-€996,563) and Trade debts (-€53,418)
- Receivables within one year -€243,677
down €243,677 (-39.8%), from €612,763 to €369,087
of which Other amounts receivable: -€268,342
- Stocks and contracts -€31,500
down €31,500 (-46.3%), from €68,000 to €36,500
- Other debts -€996,563
down €996,563 (-98.5%), from €1.0m to €15,536
- Profit (loss) carried forward +€397,534
up €397,534 (+236%), from €168,787 to €566,321
- Trade debts -€53,418
down €53,418 (-36.6%), from €146,102 to €92,684
- Gross operating margin +€66,163
up €66,163 (+7.4%), from €899,699 to €965,862
- Staff costs -€50,150
down €50,150 (-11.4%), from €438,523 to €388,373
- Taxes +€30,917
up €30,917 (+28.6%), from €108,233 to €139,151
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 | €1,510,242 | €870,772 | -€639,471 | -42.3% |
| Fixed assets | 21/28 | €120,799 | €111,670 | -€9,129 | -7.6% |
| Tangible fixed assets | 22/27 | €120,140 | €111,010 | -€9,129 | -7.6% |
| Land and buildings | 22 | €50,324 | €50,324 | = | 0.0% |
| Plant, machinery and equipment | 23 | €67,216 | €55,490 | -€11,726 | -17.4% |
| Furniture and vehicles | 24 | €2,599 | €5,196 | +€2,597 | +99.9% |
| Financial fixed assets | 28 | €659 | €659 | = | 0.0% |
| Current assets | 29/58 | €1,389,443 | €759,102 | -€630,341 | -45.4% |
| Stocks and contracts in progress | 3 | €68,000 | €36,500 | -€31,500 | -46.3% |
| Stocks | 30/36 | €68,000 | €36,500 | -€31,500 | -46.3% |
| Amounts receivable within one year | 40/41 | €612,763 | €369,087 | -€243,677 | -39.8% |
| Trade receivables | 40 | €285,126 | €309,792 | +€24,665 | +8.7% |
| Other amounts receivable | 41 | €327,637 | €59,295 | -€268,342 | -81.9% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €688,680 | €333,515 | -€355,165 | -51.6% |
| Total equity and liabilities | 10/49 | €1,510,242 | €870,772 | -€639,471 | -42.3% |
| Equity | 10/15 | €283,314 | €680,847 | +€397,534 | +140% |
| 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 | €52,527 | €52,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €46,327 | €46,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,787 | €566,321 | +€397,534 | +236% |
| Amounts payable | 17/49 | €1,226,928 | €189,924 | -€1.0m | -84.5% |
| Amounts payable within one year | 42/48 | €1,226,928 | €188,732 | -€1.0m | -84.6% |
| Financial debts | 43 | €21,000 | €34,144 | +€13,144 | +62.6% |
| Credit institutions | 430/8 | €21,000 | €34,144 | +€13,144 | +62.6% |
| Trade debts | 44 | €146,102 | €92,684 | -€53,418 | -36.6% |
| Suppliers | 440/4 | €146,102 | €92,684 | -€53,418 | -36.6% |
| Taxes, remuneration and social security | 45 | €47,727 | €46,368 | -€1,359 | -2.8% |
| Taxes | 450/3 | €7,237 | €8,243 | +€1,007 | +13.9% |
| Remuneration and social security | 454/9 | €40,491 | €38,125 | -€2,366 | -5.8% |
| Other amounts payable | 47/48 | €1,012,099 | €15,536 | -€996,563 | -98.5% |
| Accrued charges and deferred income | 492/3 | - | €1,193 | +€1,193 | |
| Remuneration, social security and pensions | 62 | €438,523 | €388,373 | -€50,150 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,794 | €15,072 | +€2,279 | +17.8% |
| Other operating charges | 640/8 | €27,132 | €21,860 | -€5,272 | -19.4% |
| Non-recurring operating charges | 66A | €343 | €697 | +€354 | +103% |
| Gross operating margin | 9900 | €899,699 | €965,862 | +€66,163 | +7.4% |
| Operating profit (loss) | 9901 | €420,908 | €539,860 | +€118,952 | +28.3% |
| Financial income | 75/76B | €2,186 | €156 | -€2,030 | -92.9% |
| Recurring financial income | 75 | €2,186 | €156 | -€2,030 | -92.9% |
| Financial charges | 65/66B | €3,779 | €3,331 | -€447 | -11.8% |
| Recurring financial charges | 65 | €3,779 | €3,331 | -€447 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €419,314 | €536,684 | +€117,370 | +28.0% |
| Income taxes | 67/77 | €108,233 | €139,151 | +€30,917 | +28.6% |
| Profit (loss) for the period | 9904 | €311,081 | €397,534 | +€86,453 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €311,081 | €397,534 | +€86,453 | +27.8% |
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 26 October 2026 via checked.be.