MECRO: 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.
MECRO
Largest movements
- Current investments +€56,529
up €56,529 (+186.0%), from €30,399 to €86,928
- Cash -€39,797
down €39,797 (-58.0%), from €68,575 to €28,778
mainly Current investments (-€56,529) and Debts after one year (-€15,430)
- Tangible fixed assets -€17,862
down €17,862 (-6.0%), from €299,409 to €281,547
of which Land and buildings: -€15,425
- Debts after one year -€15,430
down €15,430 (-5.1%), from €303,021 to €287,590
- Reserves +€14,900
up €14,900 (+18.4%), from €80,820 to €95,720
of which Distributable reserves: +€14,900
- Gross operating margin +€9,728
up €9,728 (+22.6%), from €42,974 to €52,702
- Taxes +€1,771
up €1,771 (+41.5%), from €4,268 to €6,038
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 | €439,052 | €435,886 | -€3,166 | -0.7% |
| Formation expenses | 20 | €4,007 | €2,671 | -€1,336 | -33.3% |
| Fixed assets | 21/28 | €299,419 | €281,557 | -€17,862 | -6.0% |
| Tangible fixed assets | 22/27 | €299,409 | €281,547 | -€17,862 | -6.0% |
| Land and buildings | 22 | €293,075 | €277,650 | -€15,425 | -5.3% |
| Plant, machinery and equipment | 23 | €6,334 | €3,897 | -€2,437 | -38.5% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €135,627 | €151,658 | +€16,031 | +11.8% |
| Amounts receivable within one year | 40/41 | €33,001 | €33,072 | +€71 | +0.2% |
| Trade receivables | 40 | €17,932 | €18,010 | +€78 | +0.4% |
| Other amounts receivable | 41 | €15,069 | €15,062 | -€7 | 0.0% |
| Current investments | 50/53 | €30,399 | €86,928 | +€56,529 | +186.0% |
| Cash at bank and in hand | 54/58 | €68,575 | €28,778 | -€39,797 | -58.0% |
| Deferred charges and accrued income | 490/1 | €3,652 | €2,881 | -€771 | -21.1% |
| Total equity and liabilities | 10/49 | €439,052 | €435,886 | -€3,166 | -0.7% |
| Equity | 10/15 | €99,457 | €114,401 | +€14,944 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,820 | €95,720 | +€14,900 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,960 | €93,860 | +€14,900 | +18.9% |
| Profit (loss) carried forward | 14 | €37 | €81 | +€44 | +118.6% |
| Amounts payable | 17/49 | €339,595 | €321,486 | -€18,110 | -5.3% |
| Amounts payable after more than one year | 17 | €303,021 | €287,590 | -€15,430 | -5.1% |
| Financial debts | 170/4 | €303,021 | €287,590 | -€15,430 | -5.1% |
| Amounts payable within one year | 42/48 | €36,575 | €33,895 | -€2,679 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €19,564 | €15,430 | -€4,133 | -21.1% |
| Trade debts | 44 | €2,687 | €1,948 | -€739 | -27.5% |
| Suppliers | 440/4 | €2,687 | €1,948 | -€739 | -27.5% |
| Taxes, remuneration and social security | 45 | €8,674 | €9,747 | +€1,074 | +12.4% |
| Taxes | 450/3 | €8,674 | €9,747 | +€1,074 | +12.4% |
| Other amounts payable | 47/48 | €5,650 | €6,770 | +€1,120 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,197 | €19,197 | = | 0.0% |
| Other operating charges | 640/8 | €2,563 | €2,314 | -€249 | -9.7% |
| Gross operating margin | 9900 | €42,974 | €52,702 | +€9,728 | +22.6% |
| Operating profit (loss) | 9901 | €21,214 | €31,191 | +€9,977 | +47.0% |
| Financial income | 75/76B | €443 | €960 | +€518 | +116.9% |
| Recurring financial income | 75 | €443 | €960 | +€518 | +116.9% |
| Financial charges | 65/66B | €6,663 | €6,169 | -€494 | -7.4% |
| Recurring financial charges | 65 | €6,663 | €6,169 | -€494 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €14,994 | €25,982 | +€10,988 | +73.3% |
| Income taxes | 67/77 | €4,268 | €6,038 | +€1,771 | +41.5% |
| Profit (loss) for the period | 9904 | €10,726 | €19,944 | +€9,218 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,726 | €19,944 | +€9,218 | +85.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.