MEKOS: 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.
MEKOS
Largest movements
- Cash +€268,717
up €268,717 (+443%), from €60,648 to €329,365
mainly Net result for the year (+€363,372) and Trade debts (+€265,831)
- Deferred charges and accrued income +€103,656
new in 2025: €103,656
- Stocks and contracts +€27,534
up €27,534 (+69.6%), from €39,547 to €67,081
- Tangible fixed assets -€22,878
down €22,878 (-5.4%), from €420,068 to €397,190
of which Plant, machinery and equipment: -€12,390
- Trade debts +€265,831
up €265,831 (+184%), from €144,246 to €410,077
- Other debts +€139,465
up €139,465 (+31.4%), from €444,716 to €584,181
- Profit (loss) carried forward -€36,628
down €36,628 (-37.4%), from €97,923 to €61,295
- Gross operating margin +€278,904
up €278,904 (+37.8%), from €737,049 to €1.0m
- Taxes +€68,060
up €68,060 (+107%), from €63,324 to €131,384
- Staff costs +€11,200
up €11,200 (+2.7%), from €416,846 to €428,046
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 | €768,124 | €1,135,404 | +€367,280 | +47.8% |
| Fixed assets | 21/28 | €429,745 | €406,867 | -€22,878 | -5.3% |
| Tangible fixed assets | 22/27 | €420,068 | €397,190 | -€22,878 | -5.4% |
| Land and buildings | 22 | €81,516 | €69,666 | -€11,850 | -14.5% |
| Plant, machinery and equipment | 23 | €338,001 | €325,611 | -€12,390 | -3.7% |
| Furniture and vehicles | 24 | €551 | €1,913 | +€1,362 | +247% |
| Financial fixed assets | 28 | €9,677 | €9,677 | = | 0.0% |
| Current assets | 29/58 | €338,379 | €728,537 | +€390,158 | +115% |
| Stocks and contracts in progress | 3 | €39,547 | €67,081 | +€27,534 | +69.6% |
| Stocks | 30/36 | €39,547 | €67,081 | +€27,534 | +69.6% |
| Amounts receivable within one year | 40/41 | €238,184 | €228,435 | -€9,749 | -4.1% |
| Trade receivables | 40 | €110,106 | €200,512 | +€90,406 | +82.1% |
| Other amounts receivable | 41 | €128,078 | €27,923 | -€100,155 | -78.2% |
| Cash at bank and in hand | 54/58 | €60,648 | €329,365 | +€268,717 | +443% |
| Deferred charges and accrued income | 490/1 | - | €103,656 | +€103,656 | |
| Total equity and liabilities | 10/49 | €768,124 | €1,135,404 | +€367,280 | +47.8% |
| Equity | 10/15 | €118,383 | €81,755 | -€36,628 | -30.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,923 | €61,295 | -€36,628 | -37.4% |
| Amounts payable | 17/49 | €649,741 | €1,053,649 | +€403,908 | +62.2% |
| Amounts payable within one year | 42/48 | €648,777 | €1,052,685 | +€403,908 | +62.3% |
| Trade debts | 44 | €144,246 | €410,077 | +€265,831 | +184% |
| Suppliers | 440/4 | €144,246 | €410,077 | +€265,831 | +184% |
| Taxes, remuneration and social security | 45 | €59,815 | €58,427 | -€1,388 | -2.3% |
| Taxes | 450/3 | €25,108 | €54,180 | +€29,072 | +116% |
| Remuneration and social security | 454/9 | €34,707 | €4,247 | -€30,460 | -87.8% |
| Other amounts payable | 47/48 | €444,716 | €584,181 | +€139,465 | +31.4% |
| Accrued charges and deferred income | 492/3 | €964 | €964 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €416,846 | €428,046 | +€11,200 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,080 | €90,060 | +€7,980 | +9.7% |
| Other operating charges | 640/8 | €2,753 | €2,254 | -€499 | -18.1% |
| Non-recurring operating charges | 66A | - | €676 | +€676 | |
| Gross operating margin | 9900 | €737,049 | €1,015,953 | +€278,904 | +37.8% |
| Operating profit (loss) | 9901 | €235,370 | €494,917 | +€259,547 | +110% |
| Financial income | 75/76B | €37 | €68 | +€31 | +83.8% |
| Recurring financial income | 75 | €37 | €68 | +€31 | +83.8% |
| Financial charges | 65/66B | €284 | €229 | -€55 | -19.4% |
| Recurring financial charges | 65 | €284 | €229 | -€55 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €235,123 | €494,756 | +€259,633 | +110% |
| Income taxes | 67/77 | €63,324 | €131,384 | +€68,060 | +107% |
| Profit (loss) for the period | 9904 | €171,799 | €363,372 | +€191,573 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €171,799 | €363,372 | +€191,573 | +112% |
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 13 October 2026 via checked.be.