MECOTEC: 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.
MECOTEC
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+115.6%), from €963,101 to €2.1m
of which Trade receivables: +€686,737
- Cash -€237,307
down €237,307 (-73.7%), from €321,970 to €84,663
mainly Receivables within one year (-€1.1m) and Trade debts (-€183,028)
- Tangible fixed assets +€29,449
up €29,449 (+11.6%), from €253,597 to €283,045
of which Plant, machinery and equipment: +€34,706
- Contributions +€854,300
up €854,300 (+2068.5%), from €41,300 to €895,600
- Trade debts -€183,028
down €183,028 (-13.6%), from €1.3m to €1.2m
- Short-term financial debts +€136,042
up €136,042 (+100.8%), from €135,000 to €271,042
- Profit (loss) carried forward +€132,689
up €132,689 (+18.6%), from -€715,192 to -€582,503
- Current portion of long-term debt -€74,858
down €74,858 (-69.2%), from €108,244 to €33,385
- Gross operating margin +€1.4m
up €1.4m (+49.1%), from €2.9m to €4.3m
- Staff costs +€873,909
up €873,909 (+30.1%), from €2.9m to €3.8m
- Taxes +€103,088
up €103,088 (+383.9%), from €26,856 to €129,943
- Write-downs +€56,542
new in 2024: €56,542
- Depreciation +€55,677
up €55,677 (+93.7%), from €59,430 to €115,107
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,607,218 | €2,506,673 | +€899,455 | +56.0% |
| Formation expenses | 20 | €51,517 | €35,498 | -€16,019 | -31.1% |
| Fixed assets | 21/28 | €257,097 | €288,545 | +€31,449 | +12.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €253,597 | €283,045 | +€29,449 | +11.6% |
| Plant, machinery and equipment | 23 | €243,921 | €278,628 | +€34,706 | +14.2% |
| Furniture and vehicles | 24 | €9,675 | €4,418 | -€5,258 | -54.3% |
| Financial fixed assets | 28 | €3,500 | €5,500 | +€2,000 | +57.1% |
| Current assets | 29/58 | €1,298,605 | €2,182,630 | +€884,025 | +68.1% |
| Amounts receivable within one year | 40/41 | €963,101 | €2,076,690 | +€1.1m | +115.6% |
| Trade receivables | 40 | €847,781 | €1,534,519 | +€686,737 | +81.0% |
| Other amounts receivable | 41 | €115,320 | €542,171 | +€426,851 | +370.1% |
| Cash at bank and in hand | 54/58 | €321,970 | €84,663 | -€237,307 | -73.7% |
| Deferred charges and accrued income | 490/1 | €13,534 | €21,277 | +€7,744 | +57.2% |
| Total equity and liabilities | 10/49 | €1,607,218 | €2,506,673 | +€899,455 | +56.0% |
| Equity | 10/15 | -€638,149 | €348,840 | +€986,989 | |
| Contributions | 10/11 | €41,300 | €895,600 | +€854,300 | +2068.5% |
| Reserves | 13 | €35,744 | €35,744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,400 | €4,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,400 | €4,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €154 | €154 | = | 0.0% |
| Distributable reserves | 133 | €31,189 | €31,189 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€715,192 | -€582,503 | +€132,689 | +18.6% |
| Amounts payable | 17/49 | €2,245,367 | €2,157,834 | -€87,534 | -3.9% |
| Amounts payable after more than one year | 17 | €64,591 | €31,206 | -€33,385 | -51.7% |
| Financial debts | 170/4 | €64,591 | €31,206 | -€33,385 | -51.7% |
| Amounts payable within one year | 42/48 | €2,180,776 | €2,117,427 | -€63,349 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €108,244 | €33,385 | -€74,858 | -69.2% |
| Financial debts | 43 | €135,000 | €271,042 | +€136,042 | +100.8% |
| Credit institutions | 430/8 | €135,000 | €271,042 | +€136,042 | +100.8% |
| Trade debts | 44 | €1,342,280 | €1,159,252 | -€183,028 | -13.6% |
| Suppliers | 440/4 | €1,342,280 | €1,159,252 | -€183,028 | -13.6% |
| Taxes, remuneration and social security | 45 | €594,937 | €653,747 | +€58,810 | +9.9% |
| Taxes | 450/3 | €269,054 | €251,732 | -€17,322 | -6.4% |
| Remuneration and social security | 454/9 | €325,884 | €402,016 | +€76,132 | +23.4% |
| Other amounts payable | 47/48 | €315 | - | -€315 | |
| Accrued charges and deferred income | 492/3 | - | €9,201 | +€9,201 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €2,904,329 | €3,778,238 | +€873,909 | +30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,430 | €115,107 | +€55,677 | +93.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €56,542 | +€56,542 | |
| Other operating charges | 640/8 | €33,365 | €7,837 | -€25,528 | -76.5% |
| Operating charges capitalised as restructuring costs | 649 | -€48,683 | - | +€48,683 | |
| Gross operating margin | 9900 | €2,877,658 | €4,289,850 | +€1.4m | +49.1% |
| Operating profit (loss) | 9901 | -€70,783 | €332,126 | +€402,909 | |
| Financial income | 75/76B | €3,610 | €14,988 | +€11,378 | +315.2% |
| Recurring financial income | 75 | €3,610 | €14,988 | +€11,378 | +315.2% |
| Financial charges | 65/66B | €58,021 | €84,481 | +€26,460 | +45.6% |
| Recurring financial charges | 65 | €58,021 | €84,481 | +€26,460 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | -€125,194 | €262,632 | +€387,826 | |
| Income taxes | 67/77 | €26,856 | €129,943 | +€103,088 | +383.9% |
| Profit (loss) for the period | 9904 | -€152,050 | €132,689 | +€284,738 | |
| Profit (loss) for the period to be appropriated | 9905 | -€152,050 | €132,689 | +€284,738 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.