Mekkerhof: 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.
Mekkerhof
Largest movements
- Tangible fixed assets +€371,403
up €371,403 (+33.8%), from €1.1m to €1.5m
of which Land and buildings: +€398,848
- Receivables within one year +€152,624
up €152,624 (+124%), from €122,638 to €275,261
of which Trade receivables: +€151,246
- Cash +€45,764
up €45,764 (+4.5%), from €1.0m to €1.1m
mainly Net result for the year (+€318,369) and Debts after one year (+€184,975)
- Reserves +€318,300
up €318,300 (+21.9%), from €1.5m to €1.8m
- Debts after one year +€184,975
up €184,975 (+51.0%), from €362,344 to €547,319
of which Financial debts: +€184,975
- Advances received +€146,858
up €146,858 (+658%), from €22,333 to €169,191
- Tax, wage and social debts -€84,582
down €84,582 (-61.9%), from €136,685 to €52,103
- Trade debts -€40,985
down €40,985 (-34.4%), from €119,312 to €78,328
- Gross operating margin +€268,981
up €268,981 (+78.0%), from €344,646 to €613,627
- Taxes +€91,994
up €91,994 (+163%), from €56,469 to €148,464
- Depreciation +€19,764
up €19,764 (+17.2%), from €114,659 to €134,422
- Financial income +€17,279
up €17,279 (+42,422%), from €41 to €17,319
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 | €2,413,055 | €2,999,663 | +€586,607 | +24.3% |
| Fixed assets | 21/28 | €1,097,505 | €1,468,908 | +€371,403 | +33.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €1,097,505 | €1,468,908 | +€371,403 | +33.8% |
| Land and buildings | 22 | €926,317 | €1,325,166 | +€398,848 | +43.1% |
| Plant, machinery and equipment | 23 | €24,578 | €26,457 | +€1,879 | +7.6% |
| Furniture and vehicles | 24 | €146,610 | €117,286 | -€29,324 | -20.0% |
| Current assets | 29/58 | €1,315,550 | €1,530,755 | +€215,204 | +16.4% |
| Stocks and contracts in progress | 3 | €175,000 | €175,000 | = | 0.0% |
| Stocks | 30/36 | €175,000 | €175,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €122,638 | €275,261 | +€152,624 | +124% |
| Trade receivables | 40 | €83,914 | €235,160 | +€151,246 | +180% |
| Other amounts receivable | 41 | €38,723 | €40,101 | +€1,377 | +3.6% |
| Cash at bank and in hand | 54/58 | €1,017,024 | €1,062,788 | +€45,764 | +4.5% |
| Deferred charges and accrued income | 490/1 | €889 | €17,705 | +€16,816 | +1,891% |
| Total equity and liabilities | 10/49 | €2,413,055 | €2,999,663 | +€586,607 | +24.3% |
| Equity | 10/15 | €1,604,019 | €1,922,388 | +€318,369 | +19.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,453,500 | €1,771,800 | +€318,300 | +21.9% |
| Distributable reserves | 133 | €1,453,500 | €1,771,800 | +€318,300 | +21.9% |
| Profit (loss) carried forward | 14 | €519 | €588 | +€69 | +13.3% |
| Amounts payable | 17/49 | €809,037 | €1,077,275 | +€268,238 | +33.2% |
| Amounts payable after more than one year | 17 | €362,344 | €547,319 | +€184,975 | +51.0% |
| Financial debts | 170/4 | €270,000 | €454,975 | +€184,975 | +68.5% |
| Other amounts payable | 178/9 | €92,344 | €92,344 | = | 0.0% |
| Amounts payable within one year | 42/48 | €435,251 | €521,616 | +€86,365 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €122,350 | +€32,350 | +35.9% |
| Trade debts | 44 | €119,312 | €78,328 | -€40,985 | -34.4% |
| Suppliers | 440/4 | €119,312 | €78,328 | -€40,985 | -34.4% |
| Advances received on contracts in progress | 46 | €22,333 | €169,191 | +€146,858 | +658% |
| Taxes, remuneration and social security | 45 | €136,685 | €52,103 | -€84,582 | -61.9% |
| Taxes | 450/3 | €136,685 | €52,103 | -€84,582 | -61.9% |
| Other amounts payable | 47/48 | €66,921 | €99,645 | +€32,724 | +48.9% |
| Accrued charges and deferred income | 492/3 | €11,441 | €8,339 | -€3,102 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,659 | €134,422 | +€19,764 | +17.2% |
| Other operating charges | 640/8 | €4,981 | €5,303 | +€322 | +6.5% |
| Gross operating margin | 9900 | €344,646 | €613,627 | +€268,981 | +78.0% |
| Operating profit (loss) | 9901 | €225,006 | €473,902 | +€248,896 | +111% |
| Financial income | 75/76B | €41 | €17,319 | +€17,279 | +42,422% |
| Recurring financial income | 75 | €41 | €17,319 | +€17,279 | +42,422% |
| Financial charges | 65/66B | €21,777 | €24,388 | +€2,611 | +12.0% |
| Recurring financial charges | 65 | €21,777 | €24,388 | +€2,611 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | €203,269 | €466,833 | +€263,563 | +130% |
| Income taxes | 67/77 | €56,469 | €148,464 | +€91,994 | +163% |
| Profit (loss) for the period | 9904 | €146,800 | €318,369 | +€171,569 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €146,800 | €318,369 | +€171,569 | +117% |
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 31 October 2026 via checked.be.