MECO GROUP: 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.
MECO GROUP
Largest movements
- Receivables within one year +€8.3m
up €8.3m (+400%), from €2.1m to €10.4m
of which Trade receivables: +€10.0m
- Stocks and contracts +€3.4m
new in 2025: €3.4m
- Receivables after one year +€448,826
new in 2025: €448,826
- Cash -€446,468
down €446,468 (-58.6%), from €762,146 to €315,678
mainly Receivables within one year (-€8.3m) and Stocks and contracts (-€3.4m)
- Trade debts +€7.8m
up €7.8m (+134,085%), from €5,850 to €7.8m
- Short-term financial debts +€2.4m
new in 2025: €2.4m
- Profit (loss) carried forward +€772,579
up €772,579 (+467%), from €165,416 to €937,995
- Debts after one year +€448,827
new in 2025: €448,827
- Gross operating margin +€1.0m
up €1.0m (+762%), from €133,408 to €1.2m
- Taxes +€267,862
up €267,862 (+743%), from €36,043 to €303,905
- Financial charges +€45,528
up €45,528 (+9,099%), from €500 to €46,028
- Financial income +€15,668
up €15,668 (+156,675,600%), from €0 to €15,668
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 | €2,837,799 | €14,525,881 | +€11.7m | +412% |
| Current assets | 29/58 | €2,837,799 | €14,525,881 | +€11.7m | +412% |
| Amounts receivable after more than one year | 29 | - | €448,826 | +€448,826 | |
| Other amounts receivable | 291 | - | €448,826 | +€448,826 | |
| Stocks and contracts in progress | 3 | - | €3,376,206 | +€3.4m | |
| Stocks | 30/36 | - | €3,376,206 | +€3.4m | |
| Amounts receivable within one year | 40/41 | €2,075,653 | €10,381,246 | +€8.3m | +400% |
| Trade receivables | 40 | €197,358 | €10,188,035 | +€10.0m | +5,062% |
| Other amounts receivable | 41 | €1,878,295 | €193,211 | -€1.7m | -89.7% |
| Cash at bank and in hand | 54/58 | €762,146 | €315,678 | -€446,468 | -58.6% |
| Deferred charges and accrued income | 490/1 | - | €3,924 | +€3,924 | |
| Total equity and liabilities | 10/49 | €2,837,799 | €14,525,881 | +€11.7m | +412% |
| Equity | 10/15 | €2,731,731 | €3,544,972 | +€813,242 | +29.8% |
| Contributions | 10/11 | €2,561,500 | €2,561,500 | = | 0.0% |
| Capital | 10 | €2,561,500 | €2,561,500 | = | 0.0% |
| Issued capital | 100 | €2,561,500 | €2,561,500 | = | 0.0% |
| Reserves | 13 | €4,815 | €45,477 | +€40,662 | +844% |
| Non-distributable reserves | 130/1 | €4,815 | €45,477 | +€40,662 | +844% |
| Legal reserve | 130 | €4,815 | €45,477 | +€40,662 | +844% |
| Profit (loss) carried forward | 14 | €165,416 | €937,995 | +€772,579 | +467% |
| Amounts payable | 17/49 | €106,068 | €10,980,908 | +€10.9m | +10,253% |
| Amounts payable after more than one year | 17 | - | €448,827 | +€448,827 | |
| Financial debts | 170/4 | - | €448,827 | +€448,827 | |
| Amounts payable within one year | 42/48 | €106,068 | €10,532,081 | +€10.4m | +9,830% |
| Current portion of amounts payable after more than one year | 42 | - | €113,953 | +€113,953 | |
| Financial debts | 43 | - | €2,398,875 | +€2.4m | |
| Credit institutions | 430/8 | - | €2,398,875 | +€2.4m | |
| Trade debts | 44 | €5,850 | €7,849,306 | +€7.8m | +134,085% |
| Suppliers | 440/4 | €5,850 | €7,849,306 | +€7.8m | +134,085% |
| Taxes, remuneration and social security | 45 | €42,011 | €169,948 | +€127,937 | +305% |
| Taxes | 450/3 | €42,011 | €169,948 | +€127,937 | +305% |
| Other amounts payable | 47/48 | €58,208 | €0 | -€58,208 | -100% |
| Other operating charges | 640/8 | €639 | €1,951 | +€1,311 | +205% |
| Non-recurring operating charges | 66A | - | €999 | +€999 | |
| Gross operating margin | 9900 | €133,408 | €1,150,457 | +€1.0m | +762% |
| Operating profit (loss) | 9901 | €132,769 | €1,147,507 | +€1.0m | +764% |
| Financial income | 75/76B | €0 | €15,668 | +€15,668 | +156,675,600% |
| Recurring financial income | 75 | €0 | €15,668 | +€15,668 | +156,675,600% |
| Financial charges | 65/66B | €500 | €46,028 | +€45,528 | +9,099% |
| Recurring financial charges | 65 | €500 | €46,028 | +€45,528 | +9,099% |
| Profit (loss) for the period before taxes | 9903 | €132,268 | €1,117,146 | +€984,878 | +745% |
| Income taxes | 67/77 | €36,043 | €303,905 | +€267,862 | +743% |
| Profit (loss) for the period | 9904 | €96,225 | €813,242 | +€717,016 | +745% |
| Profit (loss) for the period to be appropriated | 9905 | €96,225 | €813,242 | +€717,016 | +745% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.