MECELEC: 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.
MECELEC
Largest movements
- Cash -€46,743
down €46,743 (-27.9%), from €167,273 to €120,530
mainly Contributions, distributions and other (-€60,000) and Deferred charges and accrued income (-€20,333)
- Deferred charges and accrued income +€20,333
up €20,333 (+935%), from €2,175 to €22,508
- Receivables within one year -€7,898
down €7,898 (-25.9%), from €30,496 to €22,598
of which Trade receivables: -€5,877
- Tangible fixed assets -€6,723
down €6,723 (-71.6%), from €9,385 to €2,662
of which Furniture and vehicles: -€6,520
- Reserves -€34,790
down €34,790 (-19.6%), from €177,211 to €142,422
- Current portion of long-term debt -€5,503
down €5,503 (-100%), from €5,503 to €0
- Tax, wage and social debts +€4,983
up €4,983 (+4,666%), from €107 to €5,090
- Trade debts -€2,568
down €2,568 (-51.4%), from €4,994 to €2,426
- Gross operating margin -€22,433
down €22,433 (-34.7%), from €64,707 to €42,275
- Depreciation -€7,005
down €7,005 (-49.6%), from €14,132 to €7,127
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €215,133 | €175,254 | -€39,878 | -18.5% |
| Fixed assets | 21/28 | €9,425 | €2,702 | -€6,723 | -71.3% |
| Tangible fixed assets | 22/27 | €9,385 | €2,662 | -€6,723 | -71.6% |
| Plant, machinery and equipment | 23 | €1,839 | €1,637 | -€203 | -11.0% |
| Furniture and vehicles | 24 | €7,546 | €1,026 | -€6,520 | -86.4% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €205,707 | €172,552 | -€33,155 | -16.1% |
| Stocks and contracts in progress | 3 | €5,763 | €6,916 | +€1,152 | +20.0% |
| Stocks | 30/36 | €5,763 | €6,916 | +€1,152 | +20.0% |
| Amounts receivable within one year | 40/41 | €30,496 | €22,598 | -€7,898 | -25.9% |
| Trade receivables | 40 | €28,397 | €22,521 | -€5,877 | -20.7% |
| Other amounts receivable | 41 | €2,098 | €77 | -€2,021 | -96.3% |
| Cash at bank and in hand | 54/58 | €167,273 | €120,530 | -€46,743 | -27.9% |
| Deferred charges and accrued income | 490/1 | €2,175 | €22,508 | +€20,333 | +935% |
| Total equity and liabilities | 10/49 | €215,133 | €175,254 | -€39,878 | -18.5% |
| Equity | 10/15 | €199,384 | €164,595 | -€34,790 | -17.4% |
| Contributions | 10/11 | €22,173 | €22,173 | = | 0.0% |
| Reserves | 13 | €177,211 | €142,422 | -€34,790 | -19.6% |
| Distributable reserves | 133 | €177,211 | €142,422 | -€34,790 | -19.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,748 | €10,659 | -€5,089 | -32.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,290 | €10,406 | -€4,884 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €5,503 | €0 | -€5,503 | -100% |
| Trade debts | 44 | €4,994 | €2,426 | -€2,568 | -51.4% |
| Suppliers | 440/4 | €4,994 | €2,426 | -€2,568 | -51.4% |
| Taxes, remuneration and social security | 45 | €107 | €5,090 | +€4,983 | +4,666% |
| Taxes | 450/3 | €107 | €5,090 | +€4,983 | +4,666% |
| Other amounts payable | 47/48 | €4,686 | €2,890 | -€1,796 | -38.3% |
| Accrued charges and deferred income | 492/3 | €458 | €254 | -€205 | -44.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,132 | €7,127 | -€7,005 | -49.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€929 | -€885 | +€43 | +4.7% |
| Other operating charges | 640/8 | €868 | €956 | +€88 | +10.2% |
| Gross operating margin | 9900 | €64,707 | €42,275 | -€22,433 | -34.7% |
| Operating profit (loss) | 9901 | €50,637 | €35,077 | -€15,560 | -30.7% |
| Financial income | 75/76B | €10 | €0 | -€10 | -97.1% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -97.1% |
| Financial charges | 65/66B | €569 | €361 | -€209 | -36.7% |
| Recurring financial charges | 65 | €569 | €361 | -€209 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €50,077 | €34,717 | -€15,361 | -30.7% |
| Income taxes | 67/77 | €10,056 | €9,506 | -€550 | -5.5% |
| Profit (loss) for the period | 9904 | €40,022 | €25,210 | -€14,811 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,022 | €25,210 | -€14,811 | -37.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.