MECON: 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.
MECON
Largest movements
- Receivables within one year +€133,244
up €133,244 (+129.2%), from €103,107 to €236,351
of which Trade receivables: +€121,483
- Cash -€70,578
down €70,578 (-46.7%), from €151,059 to €80,481
mainly Receivables within one year (-€133,244) and Investment in fixed assets (net) (-€53,105)
- Tangible fixed assets +€46,415
up €46,415 (+160.4%), from €28,942 to €75,357
of which Land and buildings: +€44,385
- Deferred charges and accrued income -€5,776
down €5,776 (-42.7%), from €13,541 to €7,765
- Reserves +€82,714
up €82,714 (+48.2%), from €171,511 to €254,226
of which Distributable reserves: +€82,714
- Tax, wage and social debts +€30,421
up €30,421 (+85.6%), from €35,543 to €65,963
of which Taxes: +€29,004
- Other debts -€18,600
down €18,600 (-100.0%), from €18,600 to €0
- Accrued charges and deferred income +€12,841
up €12,841 (+64.2%), from €20,000 to €32,841
- Trade debts -€6,590
down €6,590 (-23.8%), from €27,660 to €21,071
- Gross operating margin +€67,674
up €67,674 (+31.5%), from €214,859 to €282,533
- Taxes +€19,658
up €19,658 (+52.4%), from €37,537 to €57,195
- Staff costs +€17,804
up €17,804 (+22.0%), from €80,788 to €98,593
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 | €306,914 | €407,717 | +€100,803 | +32.8% |
| Fixed assets | 21/28 | €28,942 | €75,357 | +€46,415 | +160.4% |
| Tangible fixed assets | 22/27 | €28,942 | €75,357 | +€46,415 | +160.4% |
| Land and buildings | 22 | €19,873 | €64,258 | +€44,385 | +223.3% |
| Plant, machinery and equipment | 23 | €8,479 | €11,099 | +€2,620 | +30.9% |
| Furniture and vehicles | 24 | €589 | €0 | -€589 | -100.0% |
| Current assets | 29/58 | €277,973 | €332,361 | +€54,388 | +19.6% |
| Stocks and contracts in progress | 3 | €10,265 | €7,763 | -€2,501 | -24.4% |
| Stocks | 30/36 | €10,265 | €7,763 | -€2,501 | -24.4% |
| Amounts receivable within one year | 40/41 | €103,107 | €236,351 | +€133,244 | +129.2% |
| Trade receivables | 40 | €87,994 | €209,477 | +€121,483 | +138.1% |
| Other amounts receivable | 41 | €15,113 | €26,874 | +€11,761 | +77.8% |
| Cash at bank and in hand | 54/58 | €151,059 | €80,481 | -€70,578 | -46.7% |
| Deferred charges and accrued income | 490/1 | €13,541 | €7,765 | -€5,776 | -42.7% |
| Total equity and liabilities | 10/49 | €306,914 | €407,717 | +€100,803 | +32.8% |
| Equity | 10/15 | €196,301 | €279,015 | +€82,714 | +42.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €171,511 | €254,226 | +€82,714 | +48.2% |
| Tax-exempt reserves | 132 | €5,242 | €5,242 | = | 0.0% |
| Distributable reserves | 133 | €166,269 | €248,983 | +€82,714 | +49.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €110,613 | €128,702 | +€18,089 | +16.4% |
| Amounts payable within one year | 42/48 | €90,613 | €95,861 | +€5,248 | +5.8% |
| Financial debts | 43 | €8,810 | €8,827 | +€17 | +0.2% |
| Credit institutions | 430/8 | €8,810 | €8,827 | +€17 | +0.2% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €27,660 | €21,071 | -€6,590 | -23.8% |
| Suppliers | 440/4 | €27,660 | €21,071 | -€6,590 | -23.8% |
| Taxes, remuneration and social security | 45 | €35,543 | €65,963 | +€30,421 | +85.6% |
| Taxes | 450/3 | €29,934 | €58,938 | +€29,004 | +96.9% |
| Remuneration and social security | 454/9 | €5,609 | €7,026 | +€1,417 | +25.3% |
| Other amounts payable | 47/48 | €18,600 | €0 | -€18,600 | -100.0% |
| Accrued charges and deferred income | 492/3 | €20,000 | €32,841 | +€12,841 | +64.2% |
| Remuneration, social security and pensions | 62 | €80,788 | €98,593 | +€17,804 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,474 | €6,689 | -€1,785 | -21.1% |
| Other operating charges | 640/8 | €756 | €862 | +€106 | +14.0% |
| Gross operating margin | 9900 | €214,859 | €282,533 | +€67,674 | +31.5% |
| Operating profit (loss) | 9901 | €124,840 | €176,389 | +€51,548 | +41.3% |
| Financial income | 75/76B | €148 | €97 | -€51 | -34.4% |
| Recurring financial income | 75 | €148 | €97 | -€51 | -34.4% |
| Financial charges | 65/66B | €2,435 | €1,743 | -€693 | -28.4% |
| Recurring financial charges | 65 | €2,435 | €1,743 | -€693 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €122,553 | €174,743 | +€52,190 | +42.6% |
| Income taxes | 67/77 | €37,537 | €57,195 | +€19,658 | +52.4% |
| Profit (loss) for the period | 9904 | €85,016 | €117,548 | +€32,532 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,016 | €117,548 | +€32,532 | +38.3% |
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 5 October 2026 via checked.be.