MECHELE STEVE: 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.
MECHELE STEVE
Largest movements
- Tangible fixed assets +€105,392
up €105,392 (+42.3%), from €249,351 to €354,743
of which Land and buildings: +€113,805
- Cash -€59,090
down €59,090 (-49.6%), from €119,116 to €60,025
mainly Investment in fixed assets (net) (-€144,770) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€11,209
up €11,209 (+160%), from €7,028 to €18,237
of which Other amounts receivable: +€10,701
- Debts after one year +€51,679
up €51,679 (+51.1%), from €101,101 to €152,780
- Other debts +€19,169
up €19,169 (+2,307%), from €831 to €20,000
- Reserves -€11,713
down €11,713 (-8.5%), from €137,375 to €125,663
- Financial income -€101,350
down €101,350 (-99.0%), from €102,340 to €990
of which Non-recurring financial income: -€102,339
- Depreciation +€22,019
up €22,019 (+127%), from €17,359 to €39,377
- Gross operating margin +€21,259
up €21,259 (+20.2%), from €105,070 to €126,329
- Taxes -€18,306
down €18,306 (-80.9%), from €22,631 to €4,325
- Other operating charges -€6,625
down €6,625 (-66.0%), from €10,045 to €3,420
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 | €384,874 | €446,411 | +€61,537 | +16.0% |
| Fixed assets | 21/28 | €251,001 | €356,393 | +€105,392 | +42.0% |
| Tangible fixed assets | 22/27 | €249,351 | €354,743 | +€105,392 | +42.3% |
| Land and buildings | 22 | €214,082 | €327,887 | +€113,805 | +53.2% |
| Plant, machinery and equipment | 23 | €3,368 | €2,643 | -€725 | -21.5% |
| Furniture and vehicles | 24 | €31,901 | €24,214 | -€7,688 | -24.1% |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €133,873 | €90,018 | -€43,855 | -32.8% |
| Stocks and contracts in progress | 3 | €4,160 | €6,500 | +€2,340 | +56.2% |
| Stocks | 30/36 | €4,160 | €6,500 | +€2,340 | +56.2% |
| Amounts receivable within one year | 40/41 | €7,028 | €18,237 | +€11,209 | +160% |
| Trade receivables | 40 | €1,853 | €2,362 | +€508 | +27.4% |
| Other amounts receivable | 41 | €5,174 | €15,875 | +€10,701 | +207% |
| Cash at bank and in hand | 54/58 | €119,116 | €60,025 | -€59,090 | -49.6% |
| Deferred charges and accrued income | 490/1 | €3,569 | €5,255 | +€1,686 | +47.2% |
| Total equity and liabilities | 10/49 | €384,874 | €446,411 | +€61,537 | +16.0% |
| Equity | 10/15 | €246,450 | €234,738 | -€11,713 | -4.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €137,375 | €125,663 | -€11,713 | -8.5% |
| Distributable reserves | 133 | €137,375 | €125,663 | -€11,713 | -8.5% |
| Profit (loss) carried forward | 14 | €90,525 | €90,525 | = | 0.0% |
| Amounts payable | 17/49 | €138,424 | €211,674 | +€73,250 | +52.9% |
| Amounts payable after more than one year | 17 | €101,101 | €152,780 | +€51,679 | +51.1% |
| Financial debts | 170/4 | €101,101 | €152,780 | +€51,679 | +51.1% |
| Amounts payable within one year | 42/48 | €37,323 | €58,830 | +€21,507 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €15,328 | €15,967 | +€639 | +4.2% |
| Trade debts | 44 | €17,140 | €16,737 | -€402 | -2.3% |
| Suppliers | 440/4 | €17,140 | €16,737 | -€402 | -2.3% |
| Taxes, remuneration and social security | 45 | €4,025 | €6,126 | +€2,101 | +52.2% |
| Taxes | 450/3 | €2,631 | €6,126 | +€3,495 | +133% |
| Remuneration and social security | 454/9 | €1,394 | - | -€1,394 | |
| Other amounts payable | 47/48 | €831 | €20,000 | +€19,169 | +2,307% |
| Accrued charges and deferred income | 492/3 | - | €64 | +€64 | |
| Remuneration, social security and pensions | 62 | €62,969 | €64,091 | +€1,121 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,359 | €39,377 | +€22,019 | +127% |
| Other operating charges | 640/8 | €10,045 | €3,420 | -€6,625 | -66.0% |
| Gross operating margin | 9900 | €105,070 | €126,329 | +€21,259 | +20.2% |
| Operating profit (loss) | 9901 | €14,697 | €19,440 | +€4,744 | +32.3% |
| Financial income | 75/76B | €102,340 | €990 | -€101,350 | -99.0% |
| Recurring financial income | 75 | €2 | €990 | +€988 | +53,428% |
| Non-recurring financial income | 76B | €102,339 | - | -€102,339 | |
| Financial charges | 65/66B | €5,609 | €7,818 | +€2,210 | +39.4% |
| Recurring financial charges | 65 | €5,609 | €7,818 | +€2,210 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €111,428 | €12,612 | -€98,816 | -88.7% |
| Income taxes | 67/77 | €22,631 | €4,325 | -€18,306 | -80.9% |
| Profit (loss) for the period | 9904 | €88,798 | €8,288 | -€80,510 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,798 | €8,288 | -€80,510 | -90.7% |
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 24 October 2026 via checked.be.