Meco: 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.
Meco
Largest movements
- Cash +€18,964
up €18,964 (+15.8%), from €119,876 to €138,840
mainly Receivables within one year (+€14,097) and Depreciation (+€6,852)
- Receivables within one year -€14,097
down €14,097 (-28.5%), from €49,414 to €35,317
- Tangible fixed assets -€6,852
down €6,852 (-2.9%), from €235,837 to €228,985
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€648
up €648 (+13.9%), from €4,645 to €5,292
- Other operating charges -€189
no longer reported in 2024 (was €189)
- Taxes -€62
no longer reported in 2024 (was €62)
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.
Cash bridge derived
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 | €455,127 | €453,142 | -€1,985 | -0.4% |
| Fixed assets | 21/28 | €235,837 | €228,985 | -€6,852 | -2.9% |
| Tangible fixed assets | 22/27 | €235,837 | €228,985 | -€6,852 | -2.9% |
| Land and buildings | 22 | €235,837 | €228,985 | -€6,852 | -2.9% |
| Current assets | 29/58 | €219,290 | €224,156 | +€4,866 | +2.2% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,414 | €35,317 | -€14,097 | -28.5% |
| Other amounts receivable | 41 | €49,414 | €35,317 | -€14,097 | -28.5% |
| Cash at bank and in hand | 54/58 | €119,876 | €138,840 | +€18,964 | +15.8% |
| Total equity and liabilities | 10/49 | €455,127 | €453,142 | -€1,985 | -0.4% |
| Equity | 10/15 | €368,591 | €366,855 | -€1,736 | -0.5% |
| Contributions | 10/11 | €46,610 | €46,610 | = | 0.0% |
| Reserves | 13 | €321,981 | €320,246 | -€1,736 | -0.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €258,603 | €258,603 | = | 0.0% |
| Distributable reserves | 133 | €61,519 | €59,784 | -€1,736 | -2.8% |
| Provisions and deferred taxes | 16 | €84,109 | €84,109 | = | 0.0% |
| Deferred taxes | 168 | €84,109 | €84,109 | = | 0.0% |
| Amounts payable | 17/49 | €2,428 | €2,178 | -€250 | -10.3% |
| Amounts payable within one year | 42/48 | €2,428 | €2,178 | -€250 | -10.3% |
| Trade debts | 44 | €761 | €512 | -€250 | -32.8% |
| Suppliers | 440/4 | €761 | €512 | -€250 | -32.8% |
| Taxes, remuneration and social security | 45 | €1,551 | €1,551 | = | 0.0% |
| Taxes | 450/3 | €1,551 | €1,551 | = | 0.0% |
| Other amounts payable | 47/48 | €115 | €115 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,852 | €6,852 | = | 0.0% |
| Other operating charges | 640/8 | €189 | - | -€189 | |
| Gross operating margin | 9900 | €4,645 | €5,292 | +€648 | +13.9% |
| Operating profit (loss) | 9901 | -€2,396 | -€1,560 | +€837 | +34.9% |
| Financial charges | 65/66B | €196 | €176 | -€20 | -10.3% |
| Recurring financial charges | 65 | €196 | €176 | -€20 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,593 | -€1,736 | +€857 | +33.1% |
| Transfer from deferred taxes | 780 | €1,713 | - | -€1,713 | |
| Income taxes | 67/77 | €62 | - | -€62 | |
| Profit (loss) for the period | 9904 | -€942 | -€1,736 | -€794 | -84.3% |
| Transfer from tax-exempt reserves | 789 | €5,139 | - | -€5,139 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,197 | -€1,736 | -€5,933 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.