MECONDOR: 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.
What changed
MECONDOR
NACE 20.600, Manufacture of chemicals and chemical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€352,443
2024 · €1.1m-€737,398
Equity
€9.2m
2024 · €9.1m+€85,268
Cash
€954,913
2024 · €997,914-€43,000
Balance sheet total
€10.4m
2024 · €10.2m+€212,259
Largest movements
Assets
- Tangible fixed assets +€928,318
up €928,318 (+31.6%), from €2.9m to €3.9m
of which Land and buildings: +€869,363
- Current investments -€619,149
down €619,149 (-41.3%), from €1.5m to €880,851
- Stocks and contracts -€331,045
down €331,045 (-19.4%), from €1.7m to €1.4m
- Receivables within one year +€275,345
up €275,345 (+11.5%), from €2.4m to €2.7m
of which Trade receivables: +€275,396
Equity and liabilities
- Profit (loss) carried forward +€108,443
up €108,443 (+1.3%), from €8.3m to €8.4m
Income statement
- Turnover -€1.5m
down €1.5m (-12.5%), from €12.2m to €10.6m
- Goods and materials -€1.2m
down €1.2m (-16.3%), from €7.1m to €6.0m
of which Purchases: -€1.1m
- Taxes -€246,090
down €246,090 (-66.3%), from €371,229 to €125,139
- Staff costs -€206,821
down €206,821 (-8.7%), from €2.4m to €2.2m
- Financial charges +€174,633
up €174,633 (+3,427%), from €5,096 to €179,729
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.
Result 2024
€1.1m
Turnover
-€1.5m
Other operating income
-€4,652
Goods and materials
+€1.2m
Services and other goods
+€12,785
Staff costs
+€206,821
Depreciation
-€23,155
Other operating charges
+€33,289
Other operating items
-€609,620
Financial income
-€61,431
Financial charges
-€174,633
Taxes
+€246,090
Result 2025
€352,443
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€934,774
Investment
-€710,600
Financing
-€267,175
Cash 2024
€997,914
From operations (derived)
+€934,774
Net result for the year
+€352,443
Depreciation
+€401,431
Stocks and contracts
+€331,045
Receivables within one year
-€275,345
Deferred charges and accrued income
-€1,791
Trade debts
+€91,783
Tax, wage and social debts
+€49,912
Other debts
-€14,704
Investment (derived)
-€710,600
Investment in fixed assets (net)
-€1.3m
Current investments
+€619,149
Financing
-€267,175
Contributions, distributions and other
-€267,175
Cash 2025
€954,913
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,205,485 | €10,417,744 | +€212,259 | +2.1% |
| Fixed assets | 21/28 | €3,561,041 | €4,489,359 | +€928,318 | +26.1% |
| Tangible fixed assets | 22/27 | €2,939,564 | €3,867,881 | +€928,318 | +31.6% |
| Land and buildings | 22 | €2,552,359 | €3,421,722 | +€869,363 | +34.1% |
| Plant, machinery and equipment | 23 | €335,728 | €371,612 | +€35,885 | +10.7% |
| Furniture and vehicles | 24 | €51,477 | €74,546 | +€23,070 | +44.8% |
| Financial fixed assets | 28 | €621,478 | €621,478 | = | 0.0% |
| Affiliated companies | 280/1 | €610,725 | €610,725 | = | 0.0% |
| Participating interests | 280 | €610,725 | €610,725 | = | 0.0% |
| Other financial fixed assets | 284/8 | €10,753 | €10,753 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €10,753 | €10,753 | = | 0.0% |
| Current assets | 29/58 | €6,644,444 | €5,928,385 | -€716,058 | -10.8% |
| Stocks and contracts in progress | 3 | €1,708,061 | €1,377,016 | -€331,045 | -19.4% |
| Stocks | 30/36 | €1,708,061 | €1,377,016 | -€331,045 | -19.4% |
| Raw materials and consumables | 30/31 | €992,568 | €1,001,344 | +€8,775 | +0.9% |
| Finished goods | 33 | €715,493 | €375,672 | -€339,821 | -47.5% |
| Amounts receivable within one year | 40/41 | €2,398,732 | €2,674,078 | +€275,345 | +11.5% |
| Trade receivables | 40 | €2,300,653 | €2,576,049 | +€275,396 | +12.0% |
| Other amounts receivable | 41 | €98,079 | €98,029 | -€50 | -0.1% |
| Current investments | 50/53 | €1,500,000 | €880,851 | -€619,149 | -41.3% |
| Other investments | 51/53 | €1,500,000 | €880,851 | -€619,149 | -41.3% |
| Cash at bank and in hand | 54/58 | €997,914 | €954,913 | -€43,000 | -4.3% |
| Deferred charges and accrued income | 490/1 | €39,736 | €41,527 | +€1,791 | +4.5% |
| Total equity and liabilities | 10/49 | €10,205,485 | €10,417,744 | +€212,259 | +2.1% |
| Equity | 10/15 | €9,144,726 | €9,229,994 | +€85,268 | +0.9% |
| Contributions | 10/11 | €348,000 | €348,000 | = | 0.0% |
| Capital | 10 | €348,000 | €348,000 | = | 0.0% |
| Issued capital | 100 | €348,000 | €348,000 | = | 0.0% |
| Reserves | 13 | €325,780 | €325,780 | = | 0.0% |
| Non-distributable reserves | 130/1 | €34,800 | €34,800 | = | 0.0% |
| Legal reserve | 130 | €34,800 | €34,800 | = | 0.0% |
| Tax-exempt reserves | 132 | €89,242 | €89,242 | = | 0.0% |
| Distributable reserves | 133 | €201,739 | €201,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,297,133 | €8,405,576 | +€108,443 | +1.3% |
| Investment grants | 15 | €173,813 | €150,638 | -€23,175 | -13.3% |
| Provisions and deferred taxes | 16 | €4,958 | €4,958 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,958 | €4,958 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,958 | €4,958 | = | 0.0% |
| Amounts payable | 17/49 | €1,055,801 | €1,182,793 | +€126,992 | +12.0% |
| Amounts payable within one year | 42/48 | €1,055,801 | €1,182,793 | +€126,992 | +12.0% |
| Trade debts | 44 | €495,366 | €587,150 | +€91,783 | +18.5% |
| Suppliers | 440/4 | €495,366 | €587,150 | +€91,783 | +18.5% |
| Taxes, remuneration and social security | 45 | €279,668 | €329,580 | +€49,912 | +17.8% |
| Taxes | 450/3 | €47,552 | €66,926 | +€19,374 | +40.7% |
| Remuneration and social security | 454/9 | €232,116 | €262,654 | +€30,538 | +13.2% |
| Other amounts payable | 47/48 | €280,767 | €266,063 | -€14,704 | -5.2% |
| Operating income | 70/76A | €12,597,547 | €10,462,728 | -€2.1m | -16.9% |
| Turnover | 70 | €12,169,210 | €10,648,615 | -€1.5m | -12.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €254,637 | -€339,821 | -€594,458 | |
| Other operating income | 74 | €144,076 | €139,424 | -€4,652 | -3.2% |
| Non-recurring operating income | 76A | €29,623 | €14,510 | -€15,113 | -51.0% |
| Operating charges | 60/66A | €11,270,191 | €9,882,797 | -€1.4m | -12.3% |
| Goods for resale, raw materials and consumables | 60 | €7,121,202 | €5,963,500 | -€1.2m | -16.3% |
| Purchases | 600/8 | €7,041,486 | €5,972,275 | -€1.1m | -15.2% |
| Change in stocks: decrease (increase) | 609 | €79,716 | -€8,775 | -€88,492 | |
| Services and other goods | 61 | €1,355,142 | €1,342,357 | -€12,785 | -0.9% |
| Remuneration, social security and pensions | 62 | €2,371,359 | €2,164,538 | -€206,821 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €378,276 | €401,431 | +€23,155 | +6.1% |
| Other operating charges | 640/8 | €44,182 | €10,892 | -€33,289 | -75.3% |
| Non-recurring operating charges | 66A | €30 | €79 | +€49 | +163% |
| Operating profit (loss) | 9901 | €1,327,356 | €579,932 | -€747,424 | -56.3% |
| Financial income | 75/76B | €138,810 | €77,379 | -€61,431 | -44.3% |
| Recurring financial income | 75 | €138,810 | €77,379 | -€61,431 | -44.3% |
| Income from current assets | 751 | €87,314 | €44,988 | -€42,326 | -48.5% |
| Other financial income | 752/9 | €51,495 | €32,391 | -€19,104 | -37.1% |
| Financial charges | 65/66B | €5,096 | €179,729 | +€174,633 | +3,427% |
| Recurring financial charges | 65 | €5,096 | €179,729 | +€174,633 | +3,427% |
| Debt charges | 650 | - | €18 | +€18 | |
| Other financial charges | 652/9 | €5,096 | €179,711 | +€174,615 | +3,426% |
| Profit (loss) for the period before taxes | 9903 | €1,461,069 | €477,582 | -€983,488 | -67.3% |
| Income taxes | 67/77 | €371,229 | €125,139 | -€246,090 | -66.3% |
| Taxes | 670/3 | €371,229 | €125,139 | -€246,090 | -66.3% |
| Profit (loss) for the period | 9904 | €1,089,841 | €352,443 | -€737,398 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,089,841 | €352,443 | -€737,398 | -67.7% |
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 17 October 2026 via checked.be.