MECIMMO: 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.
MECIMMO
Largest movements
- Tangible fixed assets -€1.1m
down €1.1m (-27.7%), from €4.1m to €2.9m
of which Land and buildings: -€1.1m
- Receivables after one year +€800,000
new in 2025: €800,000
- Receivables within one year +€235,636
up €235,636 (+42.1%), from €559,886 to €795,523
of which Other amounts receivable: +€271,097
- Cash +€168,839
up €168,839 (+2099989.2%), from €8 to €168,847
mainly Investment in fixed assets (net) (+€1.0m) and Net result for the year (+€349,782)
- Reserves +€918,249
up €918,249 (+976.8%), from €94,002 to €1.0m
of which Tax-exempt reserves: +€852,701
- Debts after one year -€649,332
down €649,332 (-21.9%), from €3.0m to €2.3m
- Provisions +€284,234
new in 2025: €284,234
- Revaluation surpluses -€260,347
down €260,347 (-54.2%), from €479,903 to €219,556
- Investment grants -€124,942
down €124,942 (-33.3%), from €375,263 to €250,321
- Gross operating margin +€1.1m
up €1.1m (+492.8%), from €213,491 to €1.3m
- Financial income +€87,001
up €87,001 (+229.3%), from €37,941 to €124,942
- Depreciation -€40,848
down €40,848 (-27.1%), from €150,620 to €109,773
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 | €4,701,281 | €4,771,060 | +€69,779 | +1.5% |
| Formation expenses | 20 | €55,651 | €52,495 | -€3,156 | -5.7% |
| Fixed assets | 21/28 | €4,081,053 | €2,951,024 | -€1.1m | -27.7% |
| Tangible fixed assets | 22/27 | €4,076,143 | €2,946,114 | -€1.1m | -27.7% |
| Land and buildings | 22 | €4,075,374 | €2,945,785 | -€1.1m | -27.7% |
| Furniture and vehicles | 24 | €769 | €329 | -€440 | -57.2% |
| Financial fixed assets | 28 | €4,910 | €4,910 | = | 0.0% |
| Current assets | 29/58 | €564,576 | €1,767,541 | +€1.2m | +213.1% |
| Amounts receivable after more than one year | 29 | - | €800,000 | +€800,000 | |
| Other amounts receivable | 291 | - | €800,000 | +€800,000 | |
| Amounts receivable within one year | 40/41 | €559,886 | €795,523 | +€235,636 | +42.1% |
| Trade receivables | 40 | €64,543 | €29,082 | -€35,461 | -54.9% |
| Other amounts receivable | 41 | €495,343 | €766,440 | +€271,097 | +54.7% |
| Cash at bank and in hand | 54/58 | €8 | €168,847 | +€168,839 | +2099989.2% |
| Deferred charges and accrued income | 490/1 | €4,682 | €3,171 | -€1,511 | -32.3% |
| Total equity and liabilities | 10/49 | €4,701,281 | €4,771,060 | +€69,779 | +1.5% |
| Equity | 10/15 | €960,757 | €1,493,717 | +€532,960 | +55.5% |
| Contributions | 10/11 | €11,589 | €11,589 | = | 0.0% |
| Revaluation surpluses | 12 | €479,903 | €219,556 | -€260,347 | -54.2% |
| Reserves | 13 | €94,002 | €1,012,252 | +€918,249 | +976.8% |
| Non-distributable reserves | 130/1 | €851 | €851 | = | 0.0% |
| Reserves not available under the articles | 1311 | €851 | €851 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €852,701 | +€852,701 | |
| Distributable reserves | 133 | €93,151 | €158,699 | +€65,548 | +70.4% |
| Investment grants | 15 | €375,263 | €250,321 | -€124,942 | -33.3% |
| Provisions and deferred taxes | 16 | - | €284,234 | +€284,234 | |
| Deferred taxes | 168 | - | €284,234 | +€284,234 | |
| Amounts payable | 17/49 | €3,740,523 | €2,993,109 | -€747,414 | -20.0% |
| Amounts payable after more than one year | 17 | €2,967,084 | €2,317,752 | -€649,332 | -21.9% |
| Financial debts | 170/4 | €2,967,084 | €2,317,752 | -€649,332 | -21.9% |
| Amounts payable within one year | 42/48 | €718,138 | €584,486 | -€133,653 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €375,974 | €381,274 | +€5,300 | +1.4% |
| Financial debts | 43 | €35,394 | €32,876 | -€2,519 | -7.1% |
| Credit institutions | 430/8 | €35,394 | €0 | -€35,394 | -100.0% |
| Other loans | 439 | - | €32,876 | +€32,876 | |
| Trade debts | 44 | €250,345 | €170,336 | -€80,009 | -32.0% |
| Suppliers | 440/4 | €250,345 | €170,336 | -€80,009 | -32.0% |
| Taxes, remuneration and social security | 45 | €10,646 | - | -€10,646 | |
| Taxes | 450/3 | €10,646 | - | -€10,646 | |
| Other amounts payable | 47/48 | €45,778 | €0 | -€45,778 | -100.0% |
| Accrued charges and deferred income | 492/3 | €55,301 | €90,871 | +€35,571 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €150,620 | €109,773 | -€40,848 | -27.1% |
| Other operating charges | 640/8 | €11,978 | €10,234 | -€1,745 | -14.6% |
| Gross operating margin | 9900 | €213,491 | €1,265,620 | +€1.1m | +492.8% |
| Operating profit (loss) | 9901 | €50,892 | €1,145,614 | +€1.1m | +2151.1% |
| Financial income | 75/76B | €37,941 | €124,942 | +€87,001 | +229.3% |
| Recurring financial income | 75 | €37,941 | €124,942 | +€87,001 | +229.3% |
| Financial charges | 65/66B | €71,047 | €68,125 | -€2,922 | -4.1% |
| Recurring financial charges | 65 | €71,047 | €68,125 | -€2,922 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €17,787 | €1,202,431 | +€1.2m | +6660.3% |
| Transfer to deferred taxes | 680 | - | €852,701 | +€852,701 | |
| Income taxes | 67/77 | €0 | -€52 | -€52 | |
| Profit (loss) for the period | 9904 | €17,787 | €349,782 | +€331,995 | +1866.5% |
| Transfer to tax-exempt reserves | 689 | - | €284,234 | +€284,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,787 | €65,548 | +€47,762 | +268.5% |
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 7 October 2026 via checked.be.