MECHANIC HERITAGE: 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.
MECHANIC HERITAGE
Largest movements
- Deferred charges and accrued income -€71,401
down €71,401 (-99.0%), from €72,116 to €715
- Cash +€62,379
up €62,379 (+2,970%), from €2,101 to €64,480
mainly Net result for the year (+€120,296) and Deferred charges and accrued income (+€71,401)
- Receivables within one year +€36,204
up €36,204 (+35.6%), from €101,572 to €137,776
of which Trade receivables: +€28,768
- Stocks and contracts +€8,389
up €8,389 (+10.4%), from €80,470 to €88,860
- Tangible fixed assets -€6,837
down €6,837 (-6.0%), from €113,307 to €106,470
of which Plant, machinery and equipment: -€12,802
- Profit (loss) carried forward +€120,296
up €120,296, from -€26,442 to €93,854
- Trade debts -€117,880
down €117,880 (-49.4%), from €238,564 to €120,684
- Tax, wage and social debts +€68,836
up €68,836 (+71.7%), from €95,956 to €164,792
of which Taxes: +€42,857
- Other debts -€42,517
down €42,517 (-82.2%), from €51,738 to €9,221
- Gross operating margin +€382,442
up €382,442 (+87.9%), from €435,043 to €817,485
- Staff costs +€204,005
up €204,005 (+57.3%), from €355,982 to €559,987
- Taxes +€30,244
up €30,244 (+505%), from €5,990 to €36,234
- Financial charges +€16,619
up €16,619 (+355%), from €4,684 to €21,304
- Other operating charges +€16,606
up €16,606 (+1,497%), from €1,110 to €17,715
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 | €369,816 | €398,551 | +€28,735 | +7.8% |
| Fixed assets | 21/28 | €113,557 | €106,720 | -€6,837 | -6.0% |
| Tangible fixed assets | 22/27 | €113,307 | €106,470 | -€6,837 | -6.0% |
| Plant, machinery and equipment | 23 | €59,203 | €46,401 | -€12,802 | -21.6% |
| Furniture and vehicles | 24 | €19,812 | €21,148 | +€1,336 | +6.7% |
| Other tangible fixed assets | 26 | €34,291 | €38,920 | +€4,629 | +13.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €256,259 | €291,831 | +€35,572 | +13.9% |
| Stocks and contracts in progress | 3 | €80,470 | €88,860 | +€8,389 | +10.4% |
| Stocks | 30/36 | €80,470 | €88,860 | +€8,389 | +10.4% |
| Amounts receivable within one year | 40/41 | €101,572 | €137,776 | +€36,204 | +35.6% |
| Trade receivables | 40 | €101,572 | €130,341 | +€28,768 | +28.3% |
| Other amounts receivable | 41 | - | €7,436 | +€7,436 | |
| Cash at bank and in hand | 54/58 | €2,101 | €64,480 | +€62,379 | +2,970% |
| Deferred charges and accrued income | 490/1 | €72,116 | €715 | -€71,401 | -99.0% |
| Total equity and liabilities | 10/49 | €369,816 | €398,551 | +€28,735 | +7.8% |
| Equity | 10/15 | -€16,442 | €103,854 | +€120,296 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,442 | €93,854 | +€120,296 | |
| Amounts payable | 17/49 | €386,258 | €294,697 | -€91,561 | -23.7% |
| Amounts payable within one year | 42/48 | €386,258 | €294,697 | -€91,561 | -23.7% |
| Trade debts | 44 | €238,564 | €120,684 | -€117,880 | -49.4% |
| Suppliers | 440/4 | €238,564 | €120,684 | -€117,880 | -49.4% |
| Taxes, remuneration and social security | 45 | €95,956 | €164,792 | +€68,836 | +71.7% |
| Taxes | 450/3 | €33,463 | €76,320 | +€42,857 | +128% |
| Remuneration and social security | 454/9 | €62,493 | €88,472 | +€25,979 | +41.6% |
| Other amounts payable | 47/48 | €51,738 | €9,221 | -€42,517 | -82.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €355,982 | €559,987 | +€204,005 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,381 | €56,698 | +€318 | +0.6% |
| Other operating charges | 640/8 | €1,110 | €17,715 | +€16,606 | +1,497% |
| Non-recurring operating charges | 66A | - | €5,252 | +€5,252 | |
| Gross operating margin | 9900 | €435,043 | €817,485 | +€382,442 | +87.9% |
| Operating profit (loss) | 9901 | €21,570 | €177,832 | +€156,262 | +724% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €4,684 | €21,304 | +€16,619 | +355% |
| Recurring financial charges | 65 | €4,684 | €21,304 | +€16,619 | +355% |
| Profit (loss) for the period before taxes | 9903 | €16,886 | €156,530 | +€139,644 | +827% |
| Income taxes | 67/77 | €5,990 | €36,234 | +€30,244 | +505% |
| Profit (loss) for the period | 9904 | €10,896 | €120,296 | +€109,400 | +1,004% |
| Profit (loss) for the period to be appropriated | 9905 | €10,896 | €120,296 | +€109,400 | +1,004% |
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.