MECOTECH: 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.
MECOTECH
Largest movements
- Receivables within one year +€171,488
up €171,488 (+34.0%), from €505,028 to €676,516
of which Trade receivables: +€141,375
- Tangible fixed assets +€58,680
up €58,680 (+9.0%), from €651,634 to €710,314
of which Leasing and similar rights: +€98,482
- Profit (loss) carried forward +€125,207
up €125,207 (+36.0%), from €347,567 to €472,774
- Other debts +€53,917
up €53,917 (+32.8%), from €164,432 to €218,349
- Tax, wage and social debts +€35,869
up €35,869 (+41.0%), from €87,428 to €123,297
of which Remuneration and social security: +€29,637
- Current portion of long-term debt +€30,841
up €30,841 (+13.7%), from €225,306 to €256,147
- Debts after one year -€29,335
down €29,335 (-6.3%), from €464,311 to €434,976
- Staff costs -€214,537
down €214,537 (-15.8%), from €1.4m to €1.1m
- Gross operating margin -€108,720
down €108,720 (-6.5%), from €1.7m to €1.6m
- Depreciation -€26,196
down €26,196 (-10.6%), from €248,215 to €222,019
- Taxes +€19,784
up €19,784 (+2208.0%), from €896 to €20,680
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 | €1,675,942 | €1,926,790 | +€250,848 | +15.0% |
| Fixed assets | 21/28 | €652,884 | €711,564 | +€58,680 | +9.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €651,634 | €710,314 | +€58,680 | +9.0% |
| Land and buildings | 22 | €72,328 | €68,608 | -€3,720 | -5.1% |
| Plant, machinery and equipment | 23 | €253,579 | €202,128 | -€51,451 | -20.3% |
| Furniture and vehicles | 24 | €31,374 | €46,743 | +€15,369 | +49.0% |
| Leasing and similar rights | 25 | €294,353 | €392,835 | +€98,482 | +33.5% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €1,023,058 | €1,215,226 | +€192,168 | +18.8% |
| Stocks and contracts in progress | 3 | €480,908 | €481,472 | +€564 | +0.1% |
| Stocks | 30/36 | €343,542 | €342,627 | -€915 | -0.3% |
| Contracts in progress | 37 | €137,366 | €138,845 | +€1,479 | +1.1% |
| Amounts receivable within one year | 40/41 | €505,028 | €676,516 | +€171,488 | +34.0% |
| Trade receivables | 40 | €501,376 | €642,751 | +€141,375 | +28.2% |
| Other amounts receivable | 41 | €3,652 | €33,765 | +€30,113 | +824.6% |
| Cash at bank and in hand | 54/58 | €32,871 | €50,764 | +€17,893 | +54.4% |
| Deferred charges and accrued income | 490/1 | €4,251 | €6,474 | +€2,223 | +52.3% |
| Total equity and liabilities | 10/49 | €1,675,942 | €1,926,790 | +€250,848 | +15.0% |
| Equity | 10/15 | €368,027 | €493,234 | +€125,207 | +34.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €347,567 | €472,774 | +€125,207 | +36.0% |
| Amounts payable | 17/49 | €1,307,915 | €1,433,556 | +€125,641 | +9.6% |
| Amounts payable after more than one year | 17 | €464,311 | €434,976 | -€29,335 | -6.3% |
| Financial debts | 170/4 | €464,311 | €434,976 | -€29,335 | -6.3% |
| Amounts payable within one year | 42/48 | €843,604 | €998,580 | +€154,976 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €225,306 | €256,147 | +€30,841 | +13.7% |
| Financial debts | 43 | €102,572 | €113,104 | +€10,532 | +10.3% |
| Credit institutions | 430/8 | €102,572 | €113,104 | +€10,532 | +10.3% |
| Trade debts | 44 | €263,866 | €287,683 | +€23,817 | +9.0% |
| Suppliers | 440/4 | €263,866 | €287,683 | +€23,817 | +9.0% |
| Taxes, remuneration and social security | 45 | €87,428 | €123,297 | +€35,869 | +41.0% |
| Taxes | 450/3 | €20,082 | €26,314 | +€6,232 | +31.0% |
| Remuneration and social security | 454/9 | €67,346 | €96,983 | +€29,637 | +44.0% |
| Other amounts payable | 47/48 | €164,432 | €218,349 | +€53,917 | +32.8% |
| Remuneration, social security and pensions | 62 | €1,358,511 | €1,143,974 | -€214,537 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,215 | €222,019 | -€26,196 | -10.6% |
| Other operating charges | 640/8 | €18,925 | €19,094 | +€169 | +0.9% |
| Non-recurring operating charges | 66A | €201 | - | -€201 | |
| Gross operating margin | 9900 | €1,679,337 | €1,570,617 | -€108,720 | -6.5% |
| Operating profit (loss) | 9901 | €53,485 | €185,530 | +€132,045 | +246.9% |
| Financial income | 75/76B | €622 | €359 | -€263 | -42.3% |
| Recurring financial income | 75 | €622 | €359 | -€263 | -42.3% |
| Financial charges | 65/66B | €36,975 | €40,002 | +€3,027 | +8.2% |
| Recurring financial charges | 65 | €36,975 | €40,002 | +€3,027 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €17,132 | €145,887 | +€128,755 | +751.5% |
| Income taxes | 67/77 | €896 | €20,680 | +€19,784 | +2208.0% |
| Profit (loss) for the period | 9904 | €16,236 | €125,207 | +€108,971 | +671.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,236 | €125,207 | +€108,971 | +671.2% |
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 4 October 2026 via checked.be.