MECOSOL: 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.
MECOSOL
Largest movements
- Receivables within one year -€54,559
down €54,559 (-54.6%), from €99,868 to €45,309
of which Trade receivables: -€58,577
- Stocks and contracts +€12,022
up €12,022 (+34.8%), from €34,506 to €46,528
of which Contracts in progress: +€10,955
- Deferred charges and accrued income +€7,163
up €7,163 (+526.0%), from €1,362 to €8,525
- Tangible fixed assets -€5,148
down €5,148 (-8.7%), from €59,125 to €53,977
of which Plant, machinery and equipment: -€4,920
- Debts after one year -€25,362
down €25,362 (-41.3%), from €61,395 to €36,032
- Tax, wage and social debts -€18,257
down €18,257 (-71.1%), from €25,672 to €7,415
of which Taxes: -€13,708
- Reserves +€14,376
up €14,376 (+144.2%), from €9,971 to €24,346
- Trade debts -€12,681
down €12,681 (-52.8%), from €24,021 to €11,340
- Other debts -€7,000
down €7,000 (-100.0%), from €7,000 to €0
- Staff costs -€20,315
down €20,315 (-100.0%), from €20,315 to €0
- Depreciation +€5,001
up €5,001 (+144.5%), from €3,462 to €8,463
- Gross operating margin -€3,916
down €3,916 (-10.2%), from €38,482 to €34,566
- Taxes +€2,803
up €2,803 (+169.0%), from €1,658 to €4,461
- Financial charges +€2,141
up €2,141 (+47.8%), from €4,484 to €6,625
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 | €194,860 | €154,338 | -€40,522 | -20.8% |
| Fixed assets | 21/28 | €59,125 | €53,977 | -€5,148 | -8.7% |
| Tangible fixed assets | 22/27 | €59,125 | €53,977 | -€5,148 | -8.7% |
| Plant, machinery and equipment | 23 | €56,963 | €52,043 | -€4,920 | -8.6% |
| Other tangible fixed assets | 26 | €2,162 | €1,934 | -€228 | -10.5% |
| Current assets | 29/58 | €135,735 | €100,361 | -€35,374 | -26.1% |
| Stocks and contracts in progress | 3 | €34,506 | €46,528 | +€12,022 | +34.8% |
| Stocks | 30/36 | €18,506 | €19,573 | +€1,067 | +5.8% |
| Contracts in progress | 37 | €16,000 | €26,955 | +€10,955 | +68.5% |
| Amounts receivable within one year | 40/41 | €99,868 | €45,309 | -€54,559 | -54.6% |
| Trade receivables | 40 | €88,194 | €29,617 | -€58,577 | -66.4% |
| Other amounts receivable | 41 | €11,674 | €15,692 | +€4,018 | +34.4% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,362 | €8,525 | +€7,163 | +526.0% |
| Total equity and liabilities | 10/49 | €194,860 | €154,338 | -€40,522 | -20.8% |
| Equity | 10/15 | €28,571 | €42,946 | +€14,376 | +50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,971 | €24,346 | +€14,376 | +144.2% |
| Distributable reserves | 133 | €9,971 | €24,346 | +€14,376 | +144.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €166,290 | €111,392 | -€54,898 | -33.0% |
| Amounts payable after more than one year | 17 | €61,395 | €36,032 | -€25,362 | -41.3% |
| Financial debts | 170/4 | €61,395 | €36,032 | -€25,362 | -41.3% |
| Amounts payable within one year | 42/48 | €104,895 | €75,359 | -€29,536 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €12,555 | €17,766 | +€5,211 | +41.5% |
| Financial debts | 43 | €35,647 | €38,839 | +€3,191 | +9.0% |
| Credit institutions | 430/8 | €35,647 | €38,839 | +€3,191 | +9.0% |
| Trade debts | 44 | €24,021 | €11,340 | -€12,681 | -52.8% |
| Suppliers | 440/4 | €24,021 | €11,340 | -€12,681 | -52.8% |
| Taxes, remuneration and social security | 45 | €25,672 | €7,415 | -€18,257 | -71.1% |
| Taxes | 450/3 | €21,120 | €7,412 | -€13,708 | -64.9% |
| Remuneration and social security | 454/9 | €4,552 | €3 | -€4,549 | -99.9% |
| Other amounts payable | 47/48 | €7,000 | €0 | -€7,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €20,315 | €0 | -€20,315 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,462 | €8,463 | +€5,001 | +144.5% |
| Other operating charges | 640/8 | €1,136 | €994 | -€141 | -12.5% |
| Gross operating margin | 9900 | €38,482 | €34,566 | -€3,916 | -10.2% |
| Operating profit (loss) | 9901 | €13,569 | €25,109 | +€11,539 | +85.0% |
| Financial income | 75/76B | €556 | €354 | -€202 | -36.4% |
| Recurring financial income | 75 | €556 | €354 | -€202 | -36.4% |
| Financial charges | 65/66B | €4,484 | €6,625 | +€2,141 | +47.8% |
| Recurring financial charges | 65 | €4,484 | €6,625 | +€2,141 | +47.8% |
| Profit (loss) for the period before taxes | 9903 | €9,641 | €18,837 | +€9,196 | +95.4% |
| Income taxes | 67/77 | €1,658 | €4,461 | +€2,803 | +169.0% |
| Profit (loss) for the period | 9904 | €7,983 | €14,376 | +€6,393 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,983 | €14,376 | +€6,393 | +80.1% |
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 7 October 2026 via checked.be.