MECREA: 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.
MECREA
Largest movements
- Receivables within one year -€237,135
down €237,135 (-76.1%), from €311,697 to €74,562
of which Trade receivables: -€217,335
- Cash +€102,666
up €102,666 (+139.1%), from €73,786 to €176,452
mainly Receivables within one year (+€237,135) and Depreciation (+€126,305)
- Profit (loss) carried forward -€126,011
down €126,011 (-5.3%), from -€2.4m to -€2.5m
- Financial charges -€2.4m
down €2.4m (-91.3%), from €2.6m to €226,622
of which Non-recurring financial charges: -€2.4m
- Gross operating margin -€306,335
down €306,335 (-70.5%), from €434,328 to €127,992
- Financial income -€12,381
down €12,381 (-9.3%), from €132,501 to €120,119
- Depreciation +€6,474
up €6,474 (+5.4%), from €119,831 to €126,305
- Taxes +€4,403
up €4,403 (+49.8%), from €8,834 to €13,237
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 | €7,570,354 | €7,436,997 | -€133,357 | -1.8% |
| Fixed assets | 21/28 | €6,118,904 | €6,123,737 | +€4,832 | +0.1% |
| Tangible fixed assets | 22/27 | €3,776,736 | €3,781,568 | +€4,832 | +0.1% |
| Land and buildings | 22 | €3,610,793 | €3,626,760 | +€15,967 | +0.4% |
| Plant, machinery and equipment | 23 | €7,871 | €5,023 | -€2,848 | -36.2% |
| Furniture and vehicles | 24 | €158,071 | €149,785 | -€8,287 | -5.2% |
| Financial fixed assets | 28 | €2,342,168 | €2,342,168 | = | 0.0% |
| Current assets | 29/58 | €1,451,450 | €1,313,260 | -€138,189 | -9.5% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €311,697 | €74,562 | -€237,135 | -76.1% |
| Trade receivables | 40 | €285,773 | €68,438 | -€217,335 | -76.1% |
| Other amounts receivable | 41 | €25,924 | €6,124 | -€19,800 | -76.4% |
| Cash at bank and in hand | 54/58 | €73,786 | €176,452 | +€102,666 | +139.1% |
| Deferred charges and accrued income | 490/1 | €65,967 | €62,246 | -€3,721 | -5.6% |
| Total equity and liabilities | 10/49 | €7,570,354 | €7,436,997 | -€133,357 | -1.8% |
| Equity | 10/15 | -€367,528 | -€493,539 | -€126,011 | -34.3% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,367,528 | -€2,493,539 | -€126,011 | -5.3% |
| Amounts payable | 17/49 | €7,937,882 | €7,930,536 | -€7,346 | -0.1% |
| Amounts payable after more than one year | 17 | €2,000,000 | €2,000,000 | = | 0.0% |
| Financial debts | 170/4 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,751,290 | €5,741,114 | -€10,176 | -0.2% |
| Financial debts | 43 | €1,000,000 | €1,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,000,000 | €1,000,000 | = | 0.0% |
| Trade debts | 44 | €22,245 | €4,029 | -€18,216 | -81.9% |
| Suppliers | 440/4 | €22,245 | €4,029 | -€18,216 | -81.9% |
| Taxes, remuneration and social security | 45 | €47,736 | €16,382 | -€31,354 | -65.7% |
| Taxes | 450/3 | €47,736 | €16,382 | -€31,354 | -65.7% |
| Other amounts payable | 47/48 | €4,681,309 | €4,720,703 | +€39,394 | +0.8% |
| Accrued charges and deferred income | 492/3 | €186,592 | €189,421 | +€2,829 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,831 | €126,305 | +€6,474 | +5.4% |
| Other operating charges | 640/8 | €7,980 | €7,957 | -€22 | -0.3% |
| Gross operating margin | 9900 | €434,328 | €127,992 | -€306,335 | -70.5% |
| Operating profit (loss) | 9901 | €306,518 | -€6,270 | -€312,788 | |
| Financial income | 75/76B | €132,501 | €120,119 | -€12,381 | -9.3% |
| Recurring financial income | 75 | €132,501 | €120,119 | -€12,381 | -9.3% |
| Financial charges | 65/66B | €2,600,733 | €226,622 | -€2.4m | -91.3% |
| Recurring financial charges | 65 | €224,128 | €226,622 | +€2,494 | +1.1% |
| Non-recurring financial charges | 66B | €2,376,605 | €0 | -€2.4m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,161,715 | -€112,773 | +€2.0m | +94.8% |
| Income taxes | 67/77 | €8,834 | €13,237 | +€4,403 | +49.8% |
| Profit (loss) for the period | 9904 | -€2,170,549 | -€126,011 | +€2.0m | +94.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,170,549 | -€126,011 | +€2.0m | +94.2% |
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 6 October 2026 via checked.be.