MECAWELD: 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.
MECAWELD
Largest movements
- Cash +€35,008
up €35,008 (+2,997%), from €1,168 to €36,176
mainly Tax, wage and social debts (+€15,510) and Trade debts (+€15,479)
- Receivables after one year +€16,010
up €16,010 (+60.3%), from €26,542 to €42,553
- Tangible fixed assets -€3,386
down €3,386 (-51.3%), from €6,602 to €3,217
of which Furniture and vehicles: -€2,232
- Deferred charges and accrued income +€1,345
up €1,345 (+547%), from €246 to €1,591
- Tax, wage and social debts +€15,510
up €15,510 (+72.6%), from €21,355 to €36,865
of which Remuneration and social security: +€10,851
- Trade debts +€15,479
up €15,479 (+80.1%), from €19,325 to €34,805
- Debts after one year +€13,118
up €13,118 (+406%), from €3,232 to €16,350
- Current portion of long-term debt +€4,829
up €4,829 (+119%), from €4,053 to €8,882
- Staff costs +€45,354
up €45,354 (+245%), from €18,501 to €63,855
- Gross operating margin +€36,271
up €36,271 (+69.7%), from €52,025 to €88,296
- Taxes -€2,808
down €2,808 (-30.6%), from €9,171 to €6,363
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 | €67,966 | €116,902 | +€48,936 | +72.0% |
| Fixed assets | 21/28 | €6,602 | €3,217 | -€3,386 | -51.3% |
| Tangible fixed assets | 22/27 | €6,602 | €3,217 | -€3,386 | -51.3% |
| Furniture and vehicles | 24 | €4,396 | €2,164 | -€2,232 | -50.8% |
| Other tangible fixed assets | 26 | €2,206 | €1,053 | -€1,154 | -52.3% |
| Current assets | 29/58 | €61,363 | €113,685 | +€52,322 | +85.3% |
| Amounts receivable after more than one year | 29 | €26,542 | €42,553 | +€16,010 | +60.3% |
| Other amounts receivable | 291 | €26,542 | €42,553 | +€16,010 | +60.3% |
| Amounts receivable within one year | 40/41 | €33,407 | €33,366 | -€41 | -0.1% |
| Trade receivables | 40 | €33,407 | €31,568 | -€1,839 | -5.5% |
| Other amounts receivable | 41 | - | €1,798 | +€1,798 | |
| Cash at bank and in hand | 54/58 | €1,168 | €36,176 | +€35,008 | +2,997% |
| Deferred charges and accrued income | 490/1 | €246 | €1,591 | +€1,345 | +547% |
| Total equity and liabilities | 10/49 | €67,966 | €116,902 | +€48,936 | +72.0% |
| Equity | 10/15 | €20,000 | €20,000 | = | 0.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €47,966 | €96,902 | +€48,936 | +102% |
| Amounts payable after more than one year | 17 | €3,232 | €16,350 | +€13,118 | +406% |
| Financial debts | 170/4 | €3,232 | €16,350 | +€13,118 | +406% |
| Amounts payable within one year | 42/48 | €44,733 | €80,552 | +€35,819 | +80.1% |
| Current portion of amounts payable after more than one year | 42 | €4,053 | €8,882 | +€4,829 | +119% |
| Trade debts | 44 | €19,325 | €34,805 | +€15,479 | +80.1% |
| Suppliers | 440/4 | €19,325 | €34,805 | +€15,479 | +80.1% |
| Taxes, remuneration and social security | 45 | €21,355 | €36,865 | +€15,510 | +72.6% |
| Taxes | 450/3 | €17,501 | €22,160 | +€4,659 | +26.6% |
| Remuneration and social security | 454/9 | €3,854 | €14,706 | +€10,851 | +282% |
| Remuneration, social security and pensions | 62 | €18,501 | €63,855 | +€45,354 | +245% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,941 | €3,386 | -€556 | -14.1% |
| Other operating charges | 640/8 | €1,017 | €1,145 | +€129 | +12.7% |
| Gross operating margin | 9900 | €52,025 | €88,296 | +€36,271 | +69.7% |
| Operating profit (loss) | 9901 | €28,566 | €19,910 | -€8,656 | -30.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,616 | €1,189 | -€427 | -26.4% |
| Recurring financial charges | 65 | €1,616 | €1,189 | -€427 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €26,951 | €18,720 | -€8,230 | -30.5% |
| Income taxes | 67/77 | €9,171 | €6,363 | -€2,808 | -30.6% |
| Profit (loss) for the period | 9904 | €17,780 | €12,358 | -€5,422 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,780 | €12,358 | -€5,422 | -30.5% |
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 20 October 2026 via checked.be.