MECHART: 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.
MECHART
Largest movements
- Stocks and contracts +€2.5m
up €2.5m (+51.0%), from €5.0m to €7.5m
- Receivables within one year +€2.3m
up €2.3m (+2161.8%), from €107,155 to €2.4m
of which Trade receivables: +€2.4m
- Cash +€474,437
new in 2025: €474,437
mainly Advances received (+€5.2m) and Trade debts (+€1.0m)
- Advances received +€5.2m
up €5.2m (+8700.5%), from €60,000 to €5.3m
- Short-term financial debts -€1.7m
down €1.7m (-57.3%), from €3.0m to €1.3m
- Trade debts +€1.0m
up €1.0m (+816.2%), from €124,568 to €1.1m
- Tax, wage and social debts +€594,672
new in 2025: €594,672
- Profit (loss) carried forward +€240,207
up €240,207, from -€21,673 to €218,533
- Gross operating margin +€334,550
up €334,550 (+15837.5%), from €2,112 to €336,663
- Taxes +€85,000
new in 2025: €85,000
- Financial charges +€4,661
up €4,661 (+379.8%), from €1,227 to €5,889
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 | €5,096,634 | €10,431,310 | +€5.3m | +104.7% |
| Current assets | 29/58 | €5,096,634 | €10,431,310 | +€5.3m | +104.7% |
| Stocks and contracts in progress | 3 | €4,989,479 | €7,533,198 | +€2.5m | +51.0% |
| Stocks | 30/36 | €4,989,479 | €7,533,198 | +€2.5m | +51.0% |
| Amounts receivable within one year | 40/41 | €107,155 | €2,423,675 | +€2.3m | +2161.8% |
| Trade receivables | 40 | - | €2,423,675 | +€2.4m | |
| Other amounts receivable | 41 | €107,155 | - | -€107,155 | |
| Cash at bank and in hand | 54/58 | - | €474,437 | +€474,437 | |
| Total equity and liabilities | 10/49 | €5,096,634 | €10,431,310 | +€5.3m | +104.7% |
| Equity | 10/15 | €39,827 | €286,183 | +€246,357 | +618.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | - | €6,150 | +€6,150 | |
| Non-distributable reserves | 130/1 | - | €6,150 | +€6,150 | |
| Legal reserve | 130 | - | €6,150 | +€6,150 | |
| Profit (loss) carried forward | 14 | -€21,673 | €218,533 | +€240,207 | |
| Amounts payable | 17/49 | €5,056,807 | €10,145,127 | +€5.1m | +100.6% |
| Amounts payable within one year | 42/48 | €5,056,807 | €10,145,127 | +€5.1m | +100.6% |
| Financial debts | 43 | €3,007,948 | €1,285,000 | -€1.7m | -57.3% |
| Credit institutions | 430/8 | €3,007,948 | €1,285,000 | -€1.7m | -57.3% |
| Trade debts | 44 | €124,568 | €1,141,344 | +€1.0m | +816.2% |
| Suppliers | 440/4 | €124,568 | €1,141,344 | +€1.0m | +816.2% |
| Advances received on contracts in progress | 46 | €60,000 | €5,280,276 | +€5.2m | +8700.5% |
| Taxes, remuneration and social security | 45 | - | €594,672 | +€594,672 | |
| Taxes | 450/3 | - | €594,672 | +€594,672 | |
| Other amounts payable | 47/48 | €1,864,291 | €1,843,835 | -€20,456 | -1.1% |
| Other operating charges | 640/8 | €1,155 | €635 | -€520 | -45.0% |
| Gross operating margin | 9900 | €2,112 | €336,663 | +€334,550 | +15837.5% |
| Operating profit (loss) | 9901 | €958 | €336,028 | +€335,071 | +34986.3% |
| Financial income | 75/76B | - | €1,217 | +€1,217 | |
| Recurring financial income | 75 | - | €1,217 | +€1,217 | |
| Financial charges | 65/66B | €1,227 | €5,889 | +€4,661 | +379.8% |
| Recurring financial charges | 65 | €1,227 | €5,889 | +€4,661 | +379.8% |
| Profit (loss) for the period before taxes | 9903 | -€270 | €331,357 | +€331,626 | |
| Income taxes | 67/77 | - | €85,000 | +€85,000 | |
| Profit (loss) for the period | 9904 | -€270 | €246,357 | +€246,626 | |
| Profit (loss) for the period to be appropriated | 9905 | -€270 | €246,357 | +€246,626 |
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 8 October 2026 via checked.be.