Mecofin: 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.
Mecofin
Largest movements
- Deferred charges and accrued income +€48,939
up €48,939 (+20.2%), from €241,880 to €290,819
- Tangible fixed assets -€24,829
down €24,829 (-18.7%), from €132,648 to €107,820
of which Land and buildings: -€23,104
- Cash -€20,867
down €20,867 (-36.6%), from €56,950 to €36,083
mainly Deferred charges and accrued income (-€48,939) and Trade debts (-€19,703)
- Current investments -€11,333
down €11,333 (-3.3%), from €339,857 to €328,524
- Reserves +€25,771
up €25,771 (+3.0%), from €856,910 to €882,681
of which Distributable reserves: +€25,771
- Trade debts -€19,703
down €19,703 (-67.1%), from €29,370 to €9,667
- Profit (loss) carried forward -€13,933
down €13,933 (-100.0%), from €13,933 to €0
- Gross operating margin +€18,849
up €18,849 (+68.9%), from €27,359 to €46,208
- Turnover +€18,232
up €18,232 (+18.0%), from €101,133 to €119,365
- Purchases and services -€5,591
down €5,591 (-6.8%), from €82,543 to €76,952
- Taxes -€3,756
down €3,756 (-39.0%), from €9,640 to €5,885
- Other operating charges -€2,342
down €2,342 (-40.4%), from €5,793 to €3,451
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 | €918,813 | €910,947 | -€7,866 | -0.9% |
| Fixed assets | 21/28 | €148,648 | €123,820 | -€24,829 | -16.7% |
| Tangible fixed assets | 22/27 | €132,648 | €107,820 | -€24,829 | -18.7% |
| Land and buildings | 22 | €130,144 | €107,040 | -€23,104 | -17.8% |
| Furniture and vehicles | 24 | €1,849 | €780 | -€1,070 | -57.8% |
| Other tangible fixed assets | 26 | €655 | €0 | -€655 | -100.0% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €770,164 | €787,128 | +€16,963 | +2.2% |
| Amounts receivable within one year | 40/41 | €131,478 | €131,702 | +€224 | +0.2% |
| Other amounts receivable | 41 | €131,478 | €131,702 | +€224 | +0.2% |
| Current investments | 50/53 | €339,857 | €328,524 | -€11,333 | -3.3% |
| Cash at bank and in hand | 54/58 | €56,950 | €36,083 | -€20,867 | -36.6% |
| Deferred charges and accrued income | 490/1 | €241,880 | €290,819 | +€48,939 | +20.2% |
| Total equity and liabilities | 10/49 | €918,813 | €910,947 | -€7,866 | -0.9% |
| Equity | 10/15 | €889,443 | €901,281 | +€11,838 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €856,910 | €882,681 | +€25,771 | +3.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €855,050 | €880,821 | +€25,771 | +3.0% |
| Profit (loss) carried forward | 14 | €13,933 | €0 | -€13,933 | -100.0% |
| Amounts payable | 17/49 | €29,370 | €9,667 | -€19,703 | -67.1% |
| Amounts payable within one year | 42/48 | €29,370 | €9,667 | -€19,703 | -67.1% |
| Trade debts | 44 | €29,370 | €9,667 | -€19,703 | -67.1% |
| Suppliers | 440/4 | €29,370 | €9,667 | -€19,703 | -67.1% |
| Turnover | 70 | €101,133 | €119,365 | +€18,232 | +18.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,543 | €76,952 | -€5,591 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,786 | €24,829 | -€957 | -3.7% |
| Other operating charges | 640/8 | €5,793 | €3,451 | -€2,342 | -40.4% |
| Gross operating margin | 9900 | €27,359 | €46,208 | +€18,849 | +68.9% |
| Operating profit (loss) | 9901 | -€4,220 | €17,928 | +€22,148 | |
| Financial income | 75/76B | €794 | €22 | -€772 | -97.2% |
| Recurring financial income | 75 | €794 | €22 | -€772 | -97.2% |
| Financial charges | 65/66B | €176 | €228 | +€52 | +29.7% |
| Recurring financial charges | 65 | €176 | €228 | +€52 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,602 | €17,722 | +€21,324 | |
| Income taxes | 67/77 | €9,640 | €5,885 | -€3,756 | -39.0% |
| Profit (loss) for the period | 9904 | -€13,242 | €11,838 | +€25,080 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,242 | €11,838 | +€25,080 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.