MECOPOL: 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.
MECOPOL
Largest movements
- Tangible fixed assets -€36,972
down €36,972 (-7.4%), from €502,118 to €465,146
of which Land and buildings: -€25,738
- Profit (loss) carried forward -€30,957
down €30,957 (-118.2%), from -€26,199 to -€57,156
- Debts after one year -€10,321
down €10,321 (-8.7%), from €118,920 to €108,598
of which Financial debts: -€10,321
- Trade debts +€8,108
up €8,108 (+122.3%), from €6,631 to €14,739
- Other debts +€7,193
up €7,193 (+5.6%), from €129,374 to €136,567
- Current portion of long-term debt -€5,990
down €5,990 (-36.7%), from €16,311 to €10,321
- Gross operating margin -€4,352
down €4,352 (-22.3%), from €19,510 to €15,158
- Financial charges -€3,081
down €3,081 (-67.2%), from €4,586 to €1,505
- Depreciation -€1,516
down €1,516 (-3.9%), from €38,572 to €37,055
- Other operating charges +€1,192
up €1,192 (+18.7%), from €6,362 to €7,554
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 | €545,304 | €511,452 | -€33,851 | -6.2% |
| Fixed assets | 21/28 | €502,118 | €465,146 | -€36,972 | -7.4% |
| Tangible fixed assets | 22/27 | €502,118 | €465,146 | -€36,972 | -7.4% |
| Land and buildings | 22 | €473,934 | €448,196 | -€25,738 | -5.4% |
| Plant, machinery and equipment | 23 | €28,185 | €16,950 | -€11,234 | -39.9% |
| Current assets | 29/58 | €43,185 | €46,306 | +€3,121 | +7.2% |
| Stocks and contracts in progress | 3 | €3,971 | €3,971 | = | 0.0% |
| Stocks | 30/36 | €3,971 | €3,971 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,220 | €35,913 | +€3,692 | +11.5% |
| Trade receivables | 40 | €32,116 | €35,913 | +€3,797 | +11.8% |
| Other amounts receivable | 41 | €104 | - | -€104 | |
| Cash at bank and in hand | 54/58 | €3,687 | €2,969 | -€718 | -19.5% |
| Deferred charges and accrued income | 490/1 | €3,307 | €3,454 | +€147 | +4.4% |
| Total equity and liabilities | 10/49 | €545,304 | €511,452 | -€33,851 | -6.2% |
| Equity | 10/15 | €271,813 | €240,856 | -€30,957 | -11.4% |
| Contributions | 10/11 | €148,012 | €148,012 | = | 0.0% |
| Reserves | 13 | €150,000 | €150,000 | = | 0.0% |
| Distributable reserves | 133 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,199 | -€57,156 | -€30,957 | -118.2% |
| Amounts payable | 17/49 | €273,491 | €270,597 | -€2,894 | -1.1% |
| Amounts payable after more than one year | 17 | €118,920 | €108,598 | -€10,321 | -8.7% |
| Financial debts | 170/4 | €43,920 | €33,598 | -€10,321 | -23.5% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €154,571 | €161,999 | +€7,427 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €16,311 | €10,321 | -€5,990 | -36.7% |
| Trade debts | 44 | €6,631 | €14,739 | +€8,108 | +122.3% |
| Suppliers | 440/4 | €6,631 | €14,739 | +€8,108 | +122.3% |
| Taxes, remuneration and social security | 45 | €2,256 | €371 | -€1,884 | -83.5% |
| Taxes | 450/3 | €2,256 | €371 | -€1,884 | -83.5% |
| Other amounts payable | 47/48 | €129,374 | €136,567 | +€7,193 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,572 | €37,055 | -€1,516 | -3.9% |
| Other operating charges | 640/8 | €6,362 | €7,554 | +€1,192 | +18.7% |
| Gross operating margin | 9900 | €19,510 | €15,158 | -€4,352 | -22.3% |
| Operating profit (loss) | 9901 | -€25,424 | -€29,452 | -€4,028 | -15.8% |
| Financial charges | 65/66B | €4,586 | €1,505 | -€3,081 | -67.2% |
| Recurring financial charges | 65 | €4,586 | €1,505 | -€3,081 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,010 | -€30,957 | -€947 | -3.2% |
| Profit (loss) for the period | 9904 | -€30,010 | -€30,957 | -€947 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,010 | -€30,957 | -€947 | -3.2% |
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.