MECEDIS: 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.
MECEDIS
Largest movements
- Deferred charges and accrued income -€17,836
down €17,836 (-44.5%), from €40,047 to €22,211
- Tangible fixed assets -€11,072
down €11,072 (-32.6%), from €33,971 to €22,899
of which Furniture and vehicles: -€10,868
- Cash +€6,138
up €6,138 (+52.9%), from €11,601 to €17,739
mainly Net result for the year (+€27,271) and Deferred charges and accrued income (+€17,836)
- Other debts -€47,572
down €47,572 (-93.1%), from €51,089 to €3,517
- Reserves +€27,271
up €27,271 (+1466.2%), from €1,860 to €29,131
of which Distributable reserves: +€27,271
- Tax, wage and social debts +€7,639
new in 2025: €7,639
- Debts after one year -€5,793
down €5,793 (-32.2%), from €17,994 to €12,201
- Trade debts -€4,005
down €4,005 (-68.1%), from €5,883 to €1,878
- Gross operating margin +€17,369
up €17,369 (+29.7%), from €58,453 to €75,822
- Taxes +€3,284
up €3,284 (+28.9%), from €11,355 to €14,639
- Financial charges +€961
up €961 (+351.4%), from €273 to €1,234
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 | €87,293 | €64,522 | -€22,771 | -26.1% |
| Fixed assets | 21/28 | €33,971 | €22,899 | -€11,072 | -32.6% |
| Tangible fixed assets | 22/27 | €33,971 | €22,899 | -€11,072 | -32.6% |
| Plant, machinery and equipment | 23 | €441 | €237 | -€204 | -46.2% |
| Furniture and vehicles | 24 | €33,530 | €22,661 | -€10,868 | -32.4% |
| Current assets | 29/58 | €53,321 | €41,623 | -€11,698 | -21.9% |
| Amounts receivable within one year | 40/41 | €1,674 | €1,674 | = | 0.0% |
| Other amounts receivable | 41 | €1,674 | €1,674 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,601 | €17,739 | +€6,138 | +52.9% |
| Deferred charges and accrued income | 490/1 | €40,047 | €22,211 | -€17,836 | -44.5% |
| Total equity and liabilities | 10/49 | €87,293 | €64,522 | -€22,771 | -26.1% |
| Equity | 10/15 | €8,060 | €35,331 | +€27,271 | +338.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €29,131 | +€27,271 | +1466.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €27,271 | +€27,271 | |
| Amounts payable | 17/49 | €79,233 | €29,191 | -€50,042 | -63.2% |
| Amounts payable after more than one year | 17 | €17,994 | €12,201 | -€5,793 | -32.2% |
| Financial debts | 170/4 | €17,994 | €12,201 | -€5,793 | -32.2% |
| Amounts payable within one year | 42/48 | €61,239 | €16,990 | -€44,249 | -72.3% |
| Current portion of amounts payable after more than one year | 42 | €4,267 | €3,956 | -€311 | -7.3% |
| Trade debts | 44 | €5,883 | €1,878 | -€4,005 | -68.1% |
| Suppliers | 440/4 | €5,883 | €1,878 | -€4,005 | -68.1% |
| Taxes, remuneration and social security | 45 | - | €7,639 | +€7,639 | |
| Taxes | 450/3 | - | €7,639 | +€7,639 | |
| Other amounts payable | 47/48 | €51,089 | €3,517 | -€47,572 | -93.1% |
| Non-recurring operating income | 76A | €6,529 | - | -€6,529 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €3,061 | +€322 | +11.8% |
| Other operating charges | 640/8 | €457 | €400 | -€57 | -12.4% |
| Non-recurring operating charges | 66A | €1,489 | €29,271 | +€27,782 | +1866.2% |
| Gross operating margin | 9900 | €58,453 | €75,822 | +€17,369 | +29.7% |
| Operating profit (loss) | 9901 | €53,768 | €43,091 | -€10,678 | -19.9% |
| Financial income | 75/76B | €21 | €53 | +€32 | +157.2% |
| Recurring financial income | 75 | €21 | €53 | +€32 | +157.2% |
| Financial charges | 65/66B | €273 | €1,234 | +€961 | +351.4% |
| Recurring financial charges | 65 | €273 | €1,234 | +€961 | +351.4% |
| Profit (loss) for the period before taxes | 9903 | €53,516 | €41,910 | -€11,606 | -21.7% |
| Income taxes | 67/77 | €11,355 | €14,639 | +€3,284 | +28.9% |
| Profit (loss) for the period | 9904 | €42,161 | €27,271 | -€14,890 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,161 | €27,271 | -€14,890 | -35.3% |
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 5 October 2026 via checked.be.