Mechanic Works: 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 Works
Largest movements
- Receivables within one year +€34,818
up €34,818 (+129%), from €27,044 to €61,862
- Tangible fixed assets -€5,768
down €5,768 (-13.4%), from €42,939 to €37,171
- Cash -€1,708
down €1,708 (-30.5%), from €5,606 to €3,898
mainly Trade debts (-€37,449) and Receivables within one year (-€34,818)
- Profit (loss) carried forward +€39,974
up €39,974 (+96.5%), from -€41,432 to -€1,458
- Trade debts -€37,449
down €37,449 (-76.2%), from €49,116 to €11,667
- Short-term financial debts +€30,499
new in 2024: €30,499
- Debts after one year -€25,160
down €25,160 (-73.7%), from €34,160 to €9,000
- Accrued charges and deferred income +€17,000
new in 2024: €17,000
- Gross operating margin +€83,293
up €83,293, from -€35,014 to €48,279
- Financial charges -€761
down €761 (-30.0%), from €2,539 to €1,778
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,804 | €104,569 | +€27,765 | +36.1% |
| Fixed assets | 21/28 | €42,939 | €37,171 | -€5,768 | -13.4% |
| Tangible fixed assets | 22/27 | €42,939 | €37,171 | -€5,768 | -13.4% |
| Plant, machinery and equipment | 23 | €42,939 | €37,171 | -€5,768 | -13.4% |
| Current assets | 29/58 | €33,866 | €67,398 | +€33,533 | +99.0% |
| Amounts receivable within one year | 40/41 | €27,044 | €61,862 | +€34,818 | +129% |
| Trade receivables | 40 | €27,044 | €61,862 | +€34,818 | +129% |
| Cash at bank and in hand | 54/58 | €5,606 | €3,898 | -€1,708 | -30.5% |
| Deferred charges and accrued income | 490/1 | €1,215 | €1,638 | +€423 | +34.8% |
| Total equity and liabilities | 10/49 | €76,804 | €104,569 | +€27,765 | +36.1% |
| Equity | 10/15 | -€41,232 | -€1,258 | +€39,974 | +96.9% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,432 | -€1,458 | +€39,974 | +96.5% |
| Amounts payable | 17/49 | €118,036 | €105,827 | -€12,209 | -10.3% |
| Amounts payable after more than one year | 17 | €34,160 | €9,000 | -€25,160 | -73.7% |
| Financial debts | 170/4 | €34,160 | €9,000 | -€25,160 | -73.7% |
| Amounts payable within one year | 42/48 | €83,877 | €79,827 | -€4,050 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €8,513 | €42 | -€8,471 | -99.5% |
| Financial debts | 43 | - | €30,499 | +€30,499 | |
| Credit institutions | 430/8 | - | €30,499 | +€30,499 | |
| Trade debts | 44 | €49,116 | €11,667 | -€37,449 | -76.2% |
| Suppliers | 440/4 | €49,116 | €11,667 | -€37,449 | -76.2% |
| Advances received on contracts in progress | 46 | - | €8,056 | +€8,056 | |
| Taxes, remuneration and social security | 45 | €1,982 | €15,446 | +€13,464 | +679% |
| Taxes | 450/3 | €1,982 | €15,446 | +€13,464 | +679% |
| Other amounts payable | 47/48 | €24,266 | €14,118 | -€10,148 | -41.8% |
| Accrued charges and deferred income | 492/3 | - | €17,000 | +€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,896 | €5,768 | -€128 | -2.2% |
| Other operating charges | 640/8 | €769 | €769 | = | 0.0% |
| Gross operating margin | 9900 | -€35,014 | €48,279 | +€83,293 | |
| Operating profit (loss) | 9901 | -€41,680 | €41,742 | +€83,422 | |
| Financial income | 75/76B | €35 | €9 | -€26 | -73.6% |
| Recurring financial income | 75 | €35 | €9 | -€26 | -73.6% |
| Financial charges | 65/66B | €2,539 | €1,778 | -€761 | -30.0% |
| Recurring financial charges | 65 | €2,539 | €1,778 | -€761 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€44,183 | €39,974 | +€84,157 | |
| Profit (loss) for the period | 9904 | -€44,183 | €39,974 | +€84,157 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,183 | €39,974 | +€84,157 |
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 26 October 2026 via checked.be.