MEKANIK: 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.
MEKANIK
Largest movements
- Cash +€21,656
up €21,656 (+83.2%), from €26,041 to €47,697
mainly Depreciation (+€31,776) and Net result for the year (+€20,541)
- Tangible fixed assets -€16,246
down €16,246 (-9.0%), from €179,830 to €163,584
of which Land and buildings: -€14,166
- Receivables within one year -€11,558
down €11,558 (-48.0%), from €24,093 to €12,536
of which Trade receivables: -€10,620
- Intangible fixed assets -€10,509
down €10,509 (-27.0%), from €38,929 to €28,420
- Reserves +€20,541
up €20,541 (+10.7%), from €191,250 to €211,791
- Debts after one year -€20,232
down €20,232 (-14.3%), from €141,567 to €121,334
- Current portion of long-term debt -€11,340
down €11,340 (-35.9%), from €31,572 to €20,232
- Staff costs -€8,373
down €8,373 (-19.1%), from €43,756 to €35,383
- Financial charges -€4,984
down €4,984 (-14.9%), from €33,346 to €28,362
- Taxes +€3,070
up €3,070 (+149%), from €2,063 to €5,133
- Financial income +€2,818
up €2,818 (+413%), from €682 to €3,501
of which Financial income: +€3,337
- Other operating charges -€1,717
down €1,717 (-34.6%), from €4,960 to €3,243
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 | €493,179 | €482,208 | -€10,971 | -2.2% |
| Fixed assets | 21/28 | €218,759 | €192,004 | -€26,756 | -12.2% |
| Intangible fixed assets | 21 | €38,929 | €28,420 | -€10,509 | -27.0% |
| Tangible fixed assets | 22/27 | €179,830 | €163,584 | -€16,246 | -9.0% |
| Land and buildings | 22 | €173,411 | €159,245 | -€14,166 | -8.2% |
| Plant, machinery and equipment | 23 | €4,655 | €3,055 | -€1,600 | -34.4% |
| Furniture and vehicles | 24 | €296 | - | -€296 | |
| Other tangible fixed assets | 26 | €1,468 | €1,284 | -€184 | -12.5% |
| Current assets | 29/58 | €274,420 | €290,204 | +€15,785 | +5.8% |
| Stocks and contracts in progress | 3 | €215,133 | €219,854 | +€4,720 | +2.2% |
| Stocks | 30/36 | €215,133 | €219,854 | +€4,720 | +2.2% |
| Amounts receivable within one year | 40/41 | €24,093 | €12,536 | -€11,558 | -48.0% |
| Trade receivables | 40 | €23,156 | €12,536 | -€10,620 | -45.9% |
| Other amounts receivable | 41 | €937 | - | -€937 | |
| Cash at bank and in hand | 54/58 | €26,041 | €47,697 | +€21,656 | +83.2% |
| Deferred charges and accrued income | 490/1 | €9,153 | €10,119 | +€966 | +10.6% |
| Total equity and liabilities | 10/49 | €493,179 | €482,208 | -€10,971 | -2.2% |
| Equity | 10/15 | €226,250 | €246,791 | +€20,541 | +9.1% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €191,250 | €211,791 | +€20,541 | +10.7% |
| Distributable reserves | 133 | €191,250 | €211,791 | +€20,541 | +10.7% |
| Amounts payable | 17/49 | €266,929 | €235,417 | -€31,512 | -11.8% |
| Amounts payable after more than one year | 17 | €141,567 | €121,334 | -€20,232 | -14.3% |
| Financial debts | 170/4 | €141,567 | €121,334 | -€20,232 | -14.3% |
| Amounts payable within one year | 42/48 | €125,363 | €114,083 | -€11,279 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €31,572 | €20,232 | -€11,340 | -35.9% |
| Financial debts | 43 | €1,014 | €1,023 | +€9 | +0.9% |
| Credit institutions | 430/8 | €1,014 | €1,023 | +€9 | +0.9% |
| Trade debts | 44 | €70,564 | €74,095 | +€3,531 | +5.0% |
| Suppliers | 440/4 | €70,564 | €74,095 | +€3,531 | +5.0% |
| Taxes, remuneration and social security | 45 | €18,286 | €17,425 | -€861 | -4.7% |
| Taxes | 450/3 | €6,694 | €9,390 | +€2,695 | +40.3% |
| Remuneration and social security | 454/9 | €11,592 | €8,036 | -€3,556 | -30.7% |
| Other amounts payable | 47/48 | €3,927 | €1,308 | -€2,619 | -66.7% |
| Non-recurring operating income | 76A | - | €11,875 | +€11,875 | |
| Remuneration, social security and pensions | 62 | €43,756 | €35,383 | -€8,373 | -19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,874 | €31,776 | +€902 | +2.9% |
| Other operating charges | 640/8 | €4,960 | €3,243 | -€1,717 | -34.6% |
| Gross operating margin | 9900 | €122,270 | €120,937 | -€1,333 | -1.1% |
| Operating profit (loss) | 9901 | €42,680 | €50,535 | +€7,855 | +18.4% |
| Financial income | 75/76B | €682 | €3,501 | +€2,818 | +413% |
| Recurring financial income | 75 | €163 | €3,501 | +€3,337 | +2,044% |
| Non-recurring financial income | 76B | €519 | - | -€519 | |
| Financial charges | 65/66B | €33,346 | €28,362 | -€4,984 | -14.9% |
| Recurring financial charges | 65 | €33,346 | €28,362 | -€4,984 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €10,017 | €25,674 | +€15,657 | +156% |
| Income taxes | 67/77 | €2,063 | €5,133 | +€3,070 | +149% |
| Profit (loss) for the period | 9904 | €7,954 | €20,541 | +€12,587 | +158% |
| Profit (loss) for the period to be appropriated | 9905 | €7,954 | €20,541 | +€12,587 | +158% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.