MECAWAT: 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.
MECAWAT
Largest movements
- Cash +€22,030
up €22,030 (+14.5%), from €152,046 to €174,076
mainly Net result for the year (+€53,779) and Receivables within one year (+€16,963)
- Receivables within one year -€16,963
down €16,963 (-8.8%), from €193,125 to €176,162
of which Trade receivables: -€14,142
- Deferred charges and accrued income -€14,161
down €14,161 (-79.5%), from €17,810 to €3,649
- Reserves +€53,779
up €53,779 (+26.1%), from €206,311 to €260,090
of which Tax-exempt reserves: +€53,779
- Trade debts -€31,801
down €31,801 (-81.5%), from €39,032 to €7,231
- Other debts -€13,679
down €13,679 (-97.7%), from €14,000 to €321
- Debts after one year -€12,862
down €12,862 (-33.9%), from €37,944 to €25,082
- Tax, wage and social debts -€4,074
down €4,074 (-9.0%), from €45,185 to €41,112
of which Remuneration and social security: -€6,000
- Gross operating margin +€32,431
up €32,431 (+60.2%), from €53,839 to €86,270
- Taxes +€11,577
up €11,577 (+95.5%), from €12,123 to €23,701
- Other operating charges +€3,794
up €3,794 (+217.4%), from €1,745 to €5,539
- Financial charges -€3,093
down €3,093 (-62.4%), from €4,957 to €1,864
- Financial income -€1,427
down €1,427 (-99.9%), from €1,429 to €1
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 | €364,708 | €356,834 | -€7,874 | -2.2% |
| Fixed assets | 21/28 | €1,728 | €2,947 | +€1,219 | +70.6% |
| Tangible fixed assets | 22/27 | €978 | €2,197 | +€1,219 | +124.7% |
| Furniture and vehicles | 24 | €978 | €2,197 | +€1,219 | +124.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €362,980 | €353,887 | -€9,093 | -2.5% |
| Amounts receivable within one year | 40/41 | €193,125 | €176,162 | -€16,963 | -8.8% |
| Trade receivables | 40 | €186,620 | €172,478 | -€14,142 | -7.6% |
| Other amounts receivable | 41 | €6,505 | €3,684 | -€2,821 | -43.4% |
| Cash at bank and in hand | 54/58 | €152,046 | €174,076 | +€22,030 | +14.5% |
| Deferred charges and accrued income | 490/1 | €17,810 | €3,649 | -€14,161 | -79.5% |
| Total equity and liabilities | 10/49 | €364,708 | €356,834 | -€7,874 | -2.2% |
| Equity | 10/15 | €215,750 | €269,529 | +€53,779 | +24.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €206,311 | €260,090 | +€53,779 | +26.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,451 | €258,230 | +€53,779 | +26.3% |
| Profit (loss) carried forward | 14 | €3,233 | €3,233 | = | 0.0% |
| Amounts payable | 17/49 | €148,959 | €87,306 | -€61,653 | -41.4% |
| Amounts payable after more than one year | 17 | €37,944 | €25,082 | -€12,862 | -33.9% |
| Financial debts | 170/4 | €37,944 | €25,082 | -€12,862 | -33.9% |
| Amounts payable within one year | 42/48 | €110,316 | €61,526 | -€48,791 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €12,099 | €12,862 | +€762 | +6.3% |
| Trade debts | 44 | €39,032 | €7,231 | -€31,801 | -81.5% |
| Suppliers | 440/4 | €39,032 | €7,231 | -€31,801 | -81.5% |
| Taxes, remuneration and social security | 45 | €45,185 | €41,112 | -€4,074 | -9.0% |
| Taxes | 450/3 | €39,185 | €41,112 | +€1,926 | +4.9% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €14,000 | €321 | -€13,679 | -97.7% |
| Accrued charges and deferred income | 492/3 | €698 | €698 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €1,389 | -€1,011 | -42.1% |
| Other operating charges | 640/8 | €1,745 | €5,539 | +€3,794 | +217.4% |
| Gross operating margin | 9900 | €53,839 | €86,270 | +€32,431 | +60.2% |
| Operating profit (loss) | 9901 | €49,693 | €79,342 | +€29,649 | +59.7% |
| Financial income | 75/76B | €1,429 | €1 | -€1,427 | -99.9% |
| Recurring financial income | 75 | €1,429 | €1 | -€1,427 | -99.9% |
| Financial charges | 65/66B | €4,957 | €1,864 | -€3,093 | -62.4% |
| Recurring financial charges | 65 | €4,957 | €1,864 | -€3,093 | -62.4% |
| Profit (loss) for the period before taxes | 9903 | €46,165 | €77,480 | +€31,315 | +67.8% |
| Income taxes | 67/77 | €12,123 | €23,701 | +€11,577 | +95.5% |
| Profit (loss) for the period | 9904 | €34,042 | €53,779 | +€19,737 | +58.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,042 | €53,779 | +€19,737 | +58.0% |
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 12 October 2026 via checked.be.