MECO - MAT: 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 - MAT
Largest movements
- Tangible fixed assets -€4,531
down €4,531 (-6.9%), from €65,835 to €61,304
- Reserves -€23,569
down €23,569 (-81.6%), from €28,893 to €5,324
of which Distributable reserves: -€23,569
- Profit (loss) carried forward +€22,877
up €22,877, from -€22,759 to €118
- Trade debts +€7,592
new in 2023: €7,592
- Tax, wage and social debts -€6,687
down €6,687 (-31.0%), from €21,597 to €14,910
- Other debts -€4,631
down €4,631 (-3.8%), from €120,900 to €116,269
- Taxes -€15,330
no longer reported in 2023 (was €15,330)
- Gross operating margin -€3,150
down €3,150 (-21.0%), from €15,000 to €11,850
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €336,039 | €331,620 | -€4,419 | -1.3% |
| Fixed assets | 21/28 | €336,039 | €331,508 | -€4,531 | -1.3% |
| Tangible fixed assets | 22/27 | €65,835 | €61,304 | -€4,531 | -6.9% |
| Land and buildings | 22 | €65,835 | €61,304 | -€4,531 | -6.9% |
| Financial fixed assets | 28 | €270,204 | €270,204 | = | 0.0% |
| Current assets | 29/58 | - | €112 | +€112 | |
| Cash at bank and in hand | 54/58 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €336,039 | €331,620 | -€4,419 | -1.3% |
| Equity | 10/15 | €193,541 | €192,850 | -€692 | -0.4% |
| Contributions | 10/11 | €187,408 | €187,408 | = | 0.0% |
| Capital | 10 | €187,408 | €187,408 | = | 0.0% |
| Issued capital | 100 | €187,408 | €187,408 | = | 0.0% |
| Reserves | 13 | €28,893 | €5,324 | -€23,569 | -81.6% |
| Non-distributable reserves | 130/1 | €5,324 | €5,324 | = | 0.0% |
| Legal reserve | 130 | €5,324 | €5,324 | = | 0.0% |
| Distributable reserves | 133 | €23,569 | - | -€23,569 | |
| Profit (loss) carried forward | 14 | -€22,759 | €118 | +€22,877 | |
| Amounts payable | 17/49 | €142,497 | €138,770 | -€3,727 | -2.6% |
| Amounts payable within one year | 42/48 | €142,497 | €138,770 | -€3,727 | -2.6% |
| Trade debts | 44 | - | €7,592 | +€7,592 | |
| Suppliers | 440/4 | - | €7,592 | +€7,592 | |
| Taxes, remuneration and social security | 45 | €21,597 | €14,910 | -€6,687 | -31.0% |
| Taxes | 450/3 | €21,597 | €14,910 | -€6,687 | -31.0% |
| Other amounts payable | 47/48 | €120,900 | €116,269 | -€4,631 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,531 | €4,531 | = | 0.0% |
| Other operating charges | 640/8 | €7,864 | €7,987 | +€123 | +1.6% |
| Gross operating margin | 9900 | €15,000 | €11,850 | -€3,150 | -21.0% |
| Operating profit (loss) | 9901 | €2,606 | -€668 | -€3,273 | |
| Financial charges | 65/66B | €31 | €24 | -€7 | -22.0% |
| Recurring financial charges | 65 | €31 | €24 | -€7 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €2,575 | -€692 | -€3,266 | |
| Income taxes | 67/77 | €15,330 | - | -€15,330 | |
| Profit (loss) for the period | 9904 | -€12,755 | -€692 | +€12,064 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,755 | -€692 | +€12,064 | +94.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.