MECOTRANS: 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.
MECOTRANS
Largest movements
- Receivables within one year -€161,766
down €161,766 (-63.6%), from €254,189 to €92,423
of which Trade receivables: -€146,874
- Tangible fixed assets -€74,656
down €74,656 (-60.6%), from €123,265 to €48,608
of which Leasing and similar rights: -€45,116
- Deferred charges and accrued income -€6,900
down €6,900 (-20.3%), from €34,063 to €27,163
- Profit (loss) carried forward -€90,606
down €90,606 (-123%), from -€73,424 to -€164,030
- Current portion of long-term debt -€78,501
down €78,501 (-87.3%), from €89,880 to €11,379
- Trade debts -€59,253
down €59,253 (-100%), from €59,253 to €0
- Debts after one year -€11,379
no longer reported in 2025 (was €11,379)
- Gross operating margin -€95,161
down €95,161 (-35.2%), from €270,161 to €175,000
- Depreciation -€53,206
down €53,206 (-41.2%), from €129,253 to €76,047
- Staff costs -€25,913
down €25,913 (-12.7%), from €203,858 to €177,946
- Financial charges -€6,779
down €6,779 (-68.3%), from €9,930 to €3,151
- Other operating charges +€6,066
up €6,066 (+240%), from €2,525 to €8,591
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,125 | €268,063 | -€244,061 | -47.7% |
| Fixed assets | 21/28 | €128,765 | €54,108 | -€74,656 | -58.0% |
| Tangible fixed assets | 22/27 | €123,265 | €48,608 | -€74,656 | -60.6% |
| Land and buildings | 22 | €773 | €580 | -€193 | -25.0% |
| Plant, machinery and equipment | 23 | €26,279 | €15,540 | -€10,738 | -40.9% |
| Furniture and vehicles | 24 | €41,164 | €22,555 | -€18,609 | -45.2% |
| Leasing and similar rights | 25 | €55,049 | €9,933 | -€45,116 | -82.0% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €383,360 | €213,955 | -€169,405 | -44.2% |
| Amounts receivable within one year | 40/41 | €254,189 | €92,423 | -€161,766 | -63.6% |
| Trade receivables | 40 | €228,299 | €81,424 | -€146,874 | -64.3% |
| Other amounts receivable | 41 | €25,891 | €10,999 | -€14,892 | -57.5% |
| Cash at bank and in hand | 54/58 | €95,108 | €94,369 | -€739 | -0.8% |
| Deferred charges and accrued income | 490/1 | €34,063 | €27,163 | -€6,900 | -20.3% |
| Total equity and liabilities | 10/49 | €512,125 | €268,063 | -€244,061 | -47.7% |
| Equity | 10/15 | €325,824 | €235,218 | -€90,606 | -27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €380,648 | €380,648 | = | 0.0% |
| Distributable reserves | 133 | €380,648 | €380,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,424 | -€164,030 | -€90,606 | -123% |
| Amounts payable | 17/49 | €186,301 | €32,845 | -€153,456 | -82.4% |
| Amounts payable after more than one year | 17 | €11,379 | - | -€11,379 | |
| Financial debts | 170/4 | €11,379 | - | -€11,379 | |
| Amounts payable within one year | 42/48 | €174,922 | €32,845 | -€142,077 | -81.2% |
| Current portion of amounts payable after more than one year | 42 | €89,880 | €11,379 | -€78,501 | -87.3% |
| Trade debts | 44 | €59,253 | €0 | -€59,253 | -100% |
| Suppliers | 440/4 | €59,253 | €0 | -€59,253 | -100% |
| Taxes, remuneration and social security | 45 | €17,647 | €16,848 | -€799 | -4.5% |
| Taxes | 450/3 | - | €1,100 | +€1,100 | |
| Remuneration and social security | 454/9 | €17,647 | €15,748 | -€1,899 | -10.8% |
| Other amounts payable | 47/48 | €8,142 | €4,618 | -€3,524 | -43.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €43,961 | €35,000 | -€8,961 | -20.4% |
| Remuneration, social security and pensions | 62 | €203,858 | €177,946 | -€25,913 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,253 | €76,047 | -€53,206 | -41.2% |
| Other operating charges | 640/8 | €2,525 | €8,591 | +€6,066 | +240% |
| Non-recurring operating charges | 66A | €1,013 | - | -€1,013 | |
| Gross operating margin | 9900 | €270,161 | €175,000 | -€95,161 | -35.2% |
| Operating profit (loss) | 9901 | -€66,489 | -€87,584 | -€21,096 | -31.7% |
| Financial income | 75/76B | €1,134 | €487 | -€647 | -57.0% |
| Recurring financial income | 75 | €1,134 | €487 | -€647 | -57.0% |
| Financial charges | 65/66B | €9,930 | €3,151 | -€6,779 | -68.3% |
| Recurring financial charges | 65 | €9,930 | €3,151 | -€6,779 | -68.3% |
| Profit (loss) for the period before taxes | 9903 | -€75,284 | -€90,248 | -€14,964 | -19.9% |
| Income taxes | 67/77 | €0 | €357 | +€357 | |
| Profit (loss) for the period | 9904 | -€75,284 | -€90,606 | -€15,321 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,284 | -€90,606 | -€15,321 | -20.4% |
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 15 October 2026 via checked.be.