Mecoba: 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.
Mecoba
Largest movements
- Tangible fixed assets +€52,269
up €52,269 (+14.1%), from €369,696 to €421,964
of which Furniture and vehicles: +€64,806
- Receivables within one year -€20,769
down €20,769 (-33.7%), from €61,582 to €40,814
of which Trade receivables: -€32,224
- Cash +€16,294
up €16,294 (+14.6%), from €111,594 to €127,888
mainly Net result for the year (+€35,840) and Tax, wage and social debts (+€30,093)
- Reserves +€35,840
up €35,840 (+22.3%), from €160,741 to €196,581
of which Distributable reserves: +€35,840
- Tax, wage and social debts +€30,093
up €30,093 (+367%), from €8,202 to €38,296
of which Taxes: +€25,560
- Debts after one year -€12,212
down €12,212 (-3.8%), from €322,263 to €310,050
- Trade debts -€7,902
down €7,902 (-37.6%), from €21,010 to €13,108
- Staff costs +€9,510
up €9,510 (+26.7%), from €35,578 to €45,088
- Gross operating margin -€8,685
down €8,685 (-6.3%), from €138,283 to €129,598
- Depreciation +€6,347
up €6,347 (+43.8%), from €14,503 to €20,850
- Taxes -€6,324
down €6,324 (-31.5%), from €20,095 to €13,771
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 | €550,124 | €601,350 | +€51,227 | +9.3% |
| Fixed assets | 21/28 | €369,696 | €421,964 | +€52,269 | +14.1% |
| Tangible fixed assets | 22/27 | €369,696 | €421,964 | +€52,269 | +14.1% |
| Land and buildings | 22 | €334,731 | €326,701 | -€8,030 | -2.4% |
| Plant, machinery and equipment | 23 | €13,468 | €9,245 | -€4,224 | -31.4% |
| Furniture and vehicles | 24 | €20,837 | €85,643 | +€64,806 | +311% |
| Other tangible fixed assets | 26 | €660 | €376 | -€284 | -43.0% |
| Current assets | 29/58 | €180,428 | €179,386 | -€1,042 | -0.6% |
| Stocks and contracts in progress | 3 | €5,131 | €5,719 | +€589 | +11.5% |
| Stocks | 30/36 | €5,131 | €5,719 | +€589 | +11.5% |
| Amounts receivable within one year | 40/41 | €61,582 | €40,814 | -€20,769 | -33.7% |
| Trade receivables | 40 | €61,551 | €29,327 | -€32,224 | -52.4% |
| Other amounts receivable | 41 | €32 | €11,487 | +€11,455 | +36,367% |
| Cash at bank and in hand | 54/58 | €111,594 | €127,888 | +€16,294 | +14.6% |
| Deferred charges and accrued income | 490/1 | €2,121 | €4,966 | +€2,844 | +134% |
| Total equity and liabilities | 10/49 | €550,124 | €601,350 | +€51,227 | +9.3% |
| Equity | 10/15 | €179,341 | €215,181 | +€35,840 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €160,741 | €196,581 | +€35,840 | +22.3% |
| Non-distributable reserves | 130/1 | €1,572 | €1,572 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,572 | €1,572 | = | 0.0% |
| Distributable reserves | 133 | €159,169 | €195,009 | +€35,840 | +22.5% |
| Amounts payable | 17/49 | €370,783 | €386,170 | +€15,387 | +4.1% |
| Amounts payable after more than one year | 17 | €322,263 | €310,050 | -€12,212 | -3.8% |
| Financial debts | 170/4 | €322,263 | €310,050 | -€12,212 | -3.8% |
| Amounts payable within one year | 42/48 | €48,521 | €76,120 | +€27,599 | +56.9% |
| Current portion of amounts payable after more than one year | 42 | €19,309 | €24,716 | +€5,407 | +28.0% |
| Trade debts | 44 | €21,010 | €13,108 | -€7,902 | -37.6% |
| Suppliers | 440/4 | €21,010 | €13,108 | -€7,902 | -37.6% |
| Taxes, remuneration and social security | 45 | €8,202 | €38,296 | +€30,093 | +367% |
| Taxes | 450/3 | €2,468 | €28,028 | +€25,560 | +1,036% |
| Remuneration and social security | 454/9 | €5,734 | €10,268 | +€4,534 | +79.1% |
| Remuneration, social security and pensions | 62 | €35,578 | €45,088 | +€9,510 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,503 | €20,850 | +€6,347 | +43.8% |
| Other operating charges | 640/8 | €2,386 | €2,402 | +€16 | +0.7% |
| Gross operating margin | 9900 | €138,283 | €129,598 | -€8,685 | -6.3% |
| Operating profit (loss) | 9901 | €85,815 | €61,258 | -€24,558 | -28.6% |
| Financial income | 75/76B | €113 | €410 | +€297 | +263% |
| Recurring financial income | 75 | €113 | €410 | +€297 | +263% |
| Financial charges | 65/66B | €11,985 | €12,057 | +€72 | +0.6% |
| Recurring financial charges | 65 | €11,985 | €12,057 | +€72 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €73,943 | €49,610 | -€24,333 | -32.9% |
| Income taxes | 67/77 | €20,095 | €13,771 | -€6,324 | -31.5% |
| Profit (loss) for the period | 9904 | €53,849 | €35,840 | -€18,009 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,849 | €35,840 | -€18,009 | -33.4% |
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 16 October 2026 via checked.be.