MECCOR: 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.
What changed
MECCOR
NACE 68.321, Property management for co-owned buildings (syndics)
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€112,257
2023 · €134,326-€22,068
Equity
€4.9m
2023 · €4.8m+€112,257
Cash
€170,982
2023 · €401,594-€230,612
Balance sheet total
€13.4m
2023 · €14.0m-€559,888
Largest movements
Assets
- Tangible fixed assets -€357,761
down €357,761 (-6.1%), from €5.8m to €5.5m
of which Land and buildings: -€352,757
- Cash -€230,612
down €230,612 (-57.4%), from €401,594 to €170,982
mainly Other debts (-€470,632) and Debts after one year (-€255,089)
Equity and liabilities
- Other debts -€470,632
down €470,632 (-12.2%), from €3.8m to €3.4m
- Debts after one year -€255,089
down €255,089 (-6.1%), from €4.2m to €3.9m
- Profit (loss) carried forward +€165,175
up €165,175 (+64.7%), from €255,301 to €420,476
Income statement
- Financial charges +€292,671
up €292,671 (+84.7%), from €345,728 to €638,399
- Gross operating margin +€184,158
up €184,158 (+22.8%), from €806,993 to €991,151
- Other operating charges -€38,683
down €38,683 (-30.8%), from €125,584 to €86,901
- Financial income +€35,014
up €35,014 (+16.4%), from €213,384 to €248,397
From the 2023 result to the 2024 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.
Result 2023
€134,326
Gross operating margin
+€184,158
Other operating charges
+€38,683
Other operating items
+€4,800
Financial income
+€35,014
Financial charges
-€292,671
Taxes
+€7,948
Result 2024
€112,257
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€91,556
Investment
-€75,001
Financing
-€247,167
Cash 2023
€401,594
From operations (derived)
+€91,556
Net result for the year
+€112,257
Depreciation
+€357,761
Receivables within one year
+€46,901
Deferred charges and accrued income
-€385
Provisions
-€17,639
Trade debts
-€4,819
Tax, wage and social debts
+€105,649
Other debts
-€470,632
Accrued charges and deferred income
-€37,537
Investment (derived)
-€75,001
Investment in fixed assets (net)
-€75,001
Financing
-€247,167
Debts after one year
-€255,089
Current portion of long-term debt
+€7,922
Cash 2024
€170,982
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,974,924 | €13,415,036 | -€559,888 | -4.0% |
| Fixed assets | 21/28 | €5,843,070 | €5,560,311 | -€282,760 | -4.8% |
| Tangible fixed assets | 22/27 | €5,841,210 | €5,483,450 | -€357,761 | -6.1% |
| Land and buildings | 22 | €5,799,207 | €5,446,450 | -€352,757 | -6.1% |
| Plant, machinery and equipment | 23 | €42,004 | €37,000 | -€5,004 | -11.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,860 | €76,861 | +€75,001 | +4,032% |
| Current assets | 29/58 | €8,131,854 | €7,854,725 | -€277,129 | -3.4% |
| Amounts receivable within one year | 40/41 | €7,714,390 | €7,667,489 | -€46,901 | -0.6% |
| Trade receivables | 40 | €420,835 | €439,675 | +€18,840 | +4.5% |
| Other amounts receivable | 41 | €7,293,555 | €7,227,814 | -€65,741 | -0.9% |
| Cash at bank and in hand | 54/58 | €401,594 | €170,982 | -€230,612 | -57.4% |
| Deferred charges and accrued income | 490/1 | €15,870 | €16,255 | +€385 | +2.4% |
| Total equity and liabilities | 10/49 | €13,974,924 | €13,415,036 | -€559,888 | -4.0% |
| Equity | 10/15 | €4,785,960 | €4,898,218 | +€112,257 | +2.3% |
| Contributions | 10/11 | €1,212,000 | €1,212,000 | = | 0.0% |
| Capital | 10 | €1,212,000 | €1,212,000 | = | 0.0% |
| Issued capital | 100 | €1,212,000 | €1,212,000 | = | 0.0% |
| Reserves | 13 | €3,318,659 | €3,265,742 | -€52,918 | -1.6% |
| Non-distributable reserves | 130/1 | €121,200 | €121,200 | = | 0.0% |
| Legal reserve | 130 | €121,200 | €121,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €794,663 | €741,745 | -€52,918 | -6.7% |
| Distributable reserves | 133 | €2,402,797 | €2,402,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €255,301 | €420,476 | +€165,175 | +64.7% |
| Provisions and deferred taxes | 16 | €264,887 | €247,248 | -€17,639 | -6.7% |
| Deferred taxes | 168 | €264,887 | €247,248 | -€17,639 | -6.7% |
| Amounts payable | 17/49 | €8,924,077 | €8,269,571 | -€654,506 | -7.3% |
| Amounts payable after more than one year | 17 | €4,189,019 | €3,933,930 | -€255,089 | -6.1% |
| Financial debts | 170/4 | €4,189,019 | €3,933,930 | -€255,089 | -6.1% |
| Amounts payable within one year | 42/48 | €4,412,203 | €4,050,323 | -€361,880 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €520,901 | €528,823 | +€7,922 | +1.5% |
| Trade debts | 44 | €46,005 | €41,186 | -€4,819 | -10.5% |
| Suppliers | 440/4 | €46,005 | €41,186 | -€4,819 | -10.5% |
| Taxes, remuneration and social security | 45 | €0 | €105,649 | +€105,649 | |
| Taxes | 450/3 | €0 | €105,649 | +€105,649 | |
| Other amounts payable | 47/48 | €3,845,298 | €3,374,665 | -€470,632 | -12.2% |
| Accrued charges and deferred income | 492/3 | €322,855 | €285,318 | -€37,537 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €357,761 | €357,761 | = | 0.0% |
| Other operating charges | 640/8 | €125,584 | €86,901 | -€38,683 | -30.8% |
| Non-recurring operating charges | 66A | €4,800 | €0 | -€4,800 | -100% |
| Gross operating margin | 9900 | €806,993 | €991,151 | +€184,158 | +22.8% |
| Operating profit (loss) | 9901 | €318,849 | €546,490 | +€227,641 | +71.4% |
| Financial income | 75/76B | €213,384 | €248,397 | +€35,014 | +16.4% |
| Recurring financial income | 75 | €213,384 | €248,397 | +€35,014 | +16.4% |
| Financial charges | 65/66B | €345,728 | €638,399 | +€292,671 | +84.7% |
| Recurring financial charges | 65 | €345,728 | €638,399 | +€292,671 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | €186,504 | €156,488 | -€30,016 | -16.1% |
| Transfer from deferred taxes | 780 | €17,639 | €17,639 | = | 0.0% |
| Income taxes | 67/77 | €69,818 | €61,870 | -€7,948 | -11.4% |
| Profit (loss) for the period | 9904 | €134,326 | €112,257 | -€22,068 | -16.4% |
| Transfer from tax-exempt reserves | 789 | €52,918 | €52,918 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €187,243 | €165,175 | -€22,068 | -11.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.