MECOBAT: 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.
MECOBAT
Largest movements
- Tangible fixed assets -€49,274
down €49,274 (-16.1%), from €306,389 to €257,115
- Cash +€42,170
up €42,170 (+37.0%), from €113,884 to €156,053
mainly Other debts (+€116,847) and Tax, wage and social debts (+€49,940)
- Deferred charges and accrued income -€9,970
down €9,970 (-92.3%), from €10,797 to €827
- Reserves -€152,779
down €152,779 (-49.3%), from €310,027 to €157,247
of which Distributable reserves: -€152,779
- Other debts +€116,847
new in 2025: €116,847
- Tax, wage and social debts +€49,940
up €49,940 (+1409.8%), from €3,542 to €53,482
- Debts after one year -€33,235
down €33,235 (-60.0%), from €55,392 to €22,156
- Gross operating margin -€26,722
down €26,722 (-25.0%), from €107,069 to €80,348
- Depreciation -€6,481
down €6,481 (-11.6%), from €55,755 to €49,274
- Taxes -€5,863
down €5,863 (-47.1%), from €12,452 to €6,590
- Financial charges -€1,586
down €1,586 (-30.1%), from €5,274 to €3,689
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 | €431,069 | €413,995 | -€17,074 | -4.0% |
| Fixed assets | 21/28 | €306,389 | €257,115 | -€49,274 | -16.1% |
| Tangible fixed assets | 22/27 | €306,389 | €257,115 | -€49,274 | -16.1% |
| Land and buildings | 22 | €306,389 | €257,115 | -€49,274 | -16.1% |
| Current assets | 29/58 | €124,681 | €156,880 | +€32,200 | +25.8% |
| Cash at bank and in hand | 54/58 | €113,884 | €156,053 | +€42,170 | +37.0% |
| Deferred charges and accrued income | 490/1 | €10,797 | €827 | -€9,970 | -92.3% |
| Total equity and liabilities | 10/49 | €431,069 | €413,995 | -€17,074 | -4.0% |
| Equity | 10/15 | €338,123 | €185,349 | -€152,774 | -45.2% |
| Contributions | 10/11 | €27,385 | €27,385 | = | 0.0% |
| Reserves | 13 | €310,027 | €157,247 | -€152,779 | -49.3% |
| Tax-exempt reserves | 132 | €102 | €102 | = | 0.0% |
| Distributable reserves | 133 | €309,924 | €157,145 | -€152,779 | -49.3% |
| Profit (loss) carried forward | 14 | €711 | €716 | +€5 | +0.7% |
| Amounts payable | 17/49 | €92,947 | €228,647 | +€135,700 | +146.0% |
| Amounts payable after more than one year | 17 | €55,392 | €22,156 | -€33,235 | -60.0% |
| Financial debts | 170/4 | €55,392 | €22,156 | -€33,235 | -60.0% |
| Amounts payable within one year | 42/48 | €37,555 | €206,490 | +€168,936 | +449.8% |
| Current portion of amounts payable after more than one year | 42 | €33,235 | €33,235 | = | 0.0% |
| Trade debts | 44 | €777 | €2,926 | +€2,149 | +276.5% |
| Suppliers | 440/4 | €777 | €2,926 | +€2,149 | +276.5% |
| Taxes, remuneration and social security | 45 | €3,542 | €53,482 | +€49,940 | +1409.8% |
| Taxes | 450/3 | €3,542 | €53,482 | +€49,940 | +1409.8% |
| Other amounts payable | 47/48 | - | €116,847 | +€116,847 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,755 | €49,274 | -€6,481 | -11.6% |
| Other operating charges | 640/8 | €6,879 | €7,095 | +€216 | +3.1% |
| Gross operating margin | 9900 | €107,069 | €80,348 | -€26,722 | -25.0% |
| Operating profit (loss) | 9901 | €44,436 | €23,979 | -€20,457 | -46.0% |
| Financial income | 75/76B | - | €450 | +€450 | |
| Recurring financial income | 75 | - | €450 | +€450 | |
| Financial charges | 65/66B | €5,274 | €3,689 | -€1,586 | -30.1% |
| Recurring financial charges | 65 | €5,274 | €3,689 | -€1,586 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €39,161 | €20,740 | -€18,421 | -47.0% |
| Income taxes | 67/77 | €12,452 | €6,590 | -€5,863 | -47.1% |
| Profit (loss) for the period | 9904 | €26,709 | €14,150 | -€12,559 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,709 | €14,150 | -€12,559 | -47.0% |
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 3 October 2026 via checked.be.