Mech & Co: 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.
Mech & Co
Largest movements
- Receivables within one year +€20,916
up €20,916 (+33.1%), from €63,181 to €84,097
of which Other amounts receivable: +€22,107
- Tangible fixed assets -€12,570
down €12,570 (-11.3%), from €111,350 to €98,780
- Cash -€10,333
down €10,333 (-47.4%), from €21,789 to €11,455
mainly Other debts (-€28,064) and Receivables within one year (-€20,916)
- Provisions +€29,001
up €29,001 (+103%), from €28,111 to €57,112
- Other debts -€28,064
down €28,064 (-76.2%), from €36,810 to €8,746
- Current portion of long-term debt -€6,313
down €6,313 (-42.8%), from €14,733 to €8,421
- Tax, wage and social debts +€5,255
up €5,255 (+19.7%), from €26,665 to €31,920
of which Taxes: +€3,455
- Gross operating margin -€14,060
down €14,060 (-16.1%), from €87,318 to €73,258
- Financial charges +€4,478
up €4,478 (+131%), from €3,414 to €7,891
- Taxes -€2,024
down €2,024 (-13.3%), from €15,250 to €13,226
- Other operating charges +€1,916
up €1,916 (+195%), from €985 to €2,901
- Depreciation -€1,810
down €1,810 (-12.6%), from €14,380 to €12,570
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 | €196,844 | €194,332 | -€2,512 | -1.3% |
| Fixed assets | 21/28 | €111,350 | €98,780 | -€12,570 | -11.3% |
| Tangible fixed assets | 22/27 | €111,350 | €98,780 | -€12,570 | -11.3% |
| Land and buildings | 22 | €83,001 | €77,801 | -€5,200 | -6.3% |
| Plant, machinery and equipment | 23 | €25,115 | €20,979 | -€4,136 | -16.5% |
| Furniture and vehicles | 24 | €3,234 | - | -€3,234 | |
| Current assets | 29/58 | €85,494 | €95,552 | +€10,058 | +11.8% |
| Amounts receivable within one year | 40/41 | €63,181 | €84,097 | +€20,916 | +33.1% |
| Trade receivables | 40 | €40,406 | €39,215 | -€1,191 | -2.9% |
| Other amounts receivable | 41 | €22,775 | €44,882 | +€22,107 | +97.1% |
| Cash at bank and in hand | 54/58 | €21,789 | €11,455 | -€10,333 | -47.4% |
| Deferred charges and accrued income | 490/1 | €525 | - | -€525 | |
| Total equity and liabilities | 10/49 | €196,844 | €194,332 | -€2,512 | -1.3% |
| Equity | 10/15 | €1,568 | €100 | -€1,468 | -93.6% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,468 | - | -€1,468 | |
| Provisions and deferred taxes | 16 | €28,111 | €57,112 | +€29,001 | +103% |
| Provisions for liabilities and charges | 160/5 | €28,111 | €57,112 | +€29,001 | +103% |
| Other liabilities and charges | 164/5 | €28,111 | €57,112 | +€29,001 | +103% |
| Amounts payable | 17/49 | €167,164 | €137,120 | -€30,044 | -18.0% |
| Amounts payable after more than one year | 17 | €80,921 | €80,298 | -€624 | -0.8% |
| Financial debts | 170/4 | €80,921 | €80,298 | -€624 | -0.8% |
| Amounts payable within one year | 42/48 | €86,020 | €56,617 | -€29,403 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €14,733 | €8,421 | -€6,313 | -42.8% |
| Trade debts | 44 | €7,811 | €7,530 | -€281 | -3.6% |
| Suppliers | 440/4 | €7,811 | €7,530 | -€281 | -3.6% |
| Taxes, remuneration and social security | 45 | €26,665 | €31,920 | +€5,255 | +19.7% |
| Taxes | 450/3 | €26,665 | €30,120 | +€3,455 | +13.0% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €36,810 | €8,746 | -€28,064 | -76.2% |
| Accrued charges and deferred income | 492/3 | €223 | €206 | -€18 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,380 | €12,570 | -€1,810 | -12.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €28,111 | €29,001 | +€889 | +3.2% |
| Other operating charges | 640/8 | €985 | €2,901 | +€1,916 | +195% |
| Gross operating margin | 9900 | €87,318 | €73,258 | -€14,060 | -16.1% |
| Operating profit (loss) | 9901 | €43,842 | €28,787 | -€15,055 | -34.3% |
| Financial income | 75/76B | €1,290 | €1,087 | -€203 | -15.8% |
| Recurring financial income | 75 | €1,290 | €1,087 | -€203 | -15.8% |
| Financial charges | 65/66B | €3,414 | €7,891 | +€4,478 | +131% |
| Recurring financial charges | 65 | €3,414 | €7,891 | +€4,478 | +131% |
| Profit (loss) for the period before taxes | 9903 | €41,718 | €21,983 | -€19,736 | -47.3% |
| Income taxes | 67/77 | €15,250 | €13,226 | -€2,024 | -13.3% |
| Profit (loss) for the period | 9904 | €26,468 | €8,757 | -€17,712 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,468 | €8,757 | -€17,712 | -66.9% |
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 15 October 2026 via checked.be.