MEZECU: 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.
MEZECU
Largest movements
- Receivables within one year +€157,997
up €157,997 (+166%), from €95,427 to €253,424
of which Trade receivables: +€141,131
- Cash -€5,046
down €5,046 (-89.1%), from €5,664 to €618
mainly Receivables within one year (-€157,997) and Other debts (-€17,500)
- Trade debts +€122,891
up €122,891 (+2,473%), from €4,969 to €127,861
- Reserves +€41,310
up €41,310 (+35.7%), from €115,724 to €157,034
of which Distributable reserves: +€41,310
- Other debts -€17,500
down €17,500 (-100%), from €17,500 to €0
- Tax, wage and social debts +€9,650
up €9,650 (+179%), from €5,404 to €15,054
- Debts after one year -€4,537
down €4,537 (-10.3%), from €44,197 to €39,660
- Gross operating margin +€56,246
up €56,246 (+338%), from €16,641 to €72,887
- Taxes +€14,672
up €14,672 (+7,676%), from €191 to €14,863
- Financial charges +€5,025
up €5,025 (+175%), from €2,876 to €7,901
- Write-downs +€3,867
up €3,867, from €0 to €3,867
- Depreciation +€2,105
up €2,105 (+42.6%), from €4,941 to €7,047
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 | €199,543 | €350,615 | +€151,072 | +75.7% |
| Fixed assets | 21/28 | €96,807 | €95,565 | -€1,242 | -1.3% |
| Tangible fixed assets | 22/27 | €96,807 | €94,995 | -€1,812 | -1.9% |
| Land and buildings | 22 | €92,747 | €89,318 | -€3,429 | -3.7% |
| Furniture and vehicles | 24 | €4,059 | €5,676 | +€1,617 | +39.8% |
| Financial fixed assets | 28 | - | €570 | +€570 | |
| Current assets | 29/58 | €102,736 | €255,050 | +€152,314 | +148% |
| Amounts receivable within one year | 40/41 | €95,427 | €253,424 | +€157,997 | +166% |
| Trade receivables | 40 | €15,325 | €156,456 | +€141,131 | +921% |
| Other amounts receivable | 41 | €80,102 | €96,968 | +€16,866 | +21.1% |
| Cash at bank and in hand | 54/58 | €5,664 | €618 | -€5,046 | -89.1% |
| Deferred charges and accrued income | 490/1 | €1,646 | €1,009 | -€637 | -38.7% |
| Total equity and liabilities | 10/49 | €199,543 | €350,615 | +€151,072 | +75.7% |
| Equity | 10/15 | €121,924 | €163,234 | +€41,310 | +33.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,724 | €157,034 | +€41,310 | +35.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €115,724 | €157,034 | +€41,310 | +35.7% |
| Amounts payable | 17/49 | €77,618 | €187,381 | +€109,762 | +141% |
| Amounts payable after more than one year | 17 | €44,197 | €39,660 | -€4,537 | -10.3% |
| Financial debts | 170/4 | €44,197 | €39,660 | -€4,537 | -10.3% |
| Amounts payable within one year | 42/48 | €32,277 | €147,452 | +€115,175 | +357% |
| Current portion of amounts payable after more than one year | 42 | €4,404 | €4,537 | +€133 | +3.0% |
| Trade debts | 44 | €4,969 | €127,861 | +€122,891 | +2,473% |
| Suppliers | 440/4 | €4,969 | €127,861 | +€122,891 | +2,473% |
| Taxes, remuneration and social security | 45 | €5,404 | €15,054 | +€9,650 | +179% |
| Taxes | 450/3 | €5,404 | €15,054 | +€9,650 | +179% |
| Other amounts payable | 47/48 | €17,500 | €0 | -€17,500 | -100% |
| Accrued charges and deferred income | 492/3 | €1,144 | €269 | -€875 | -76.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,941 | €7,047 | +€2,105 | +42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €3,867 | +€3,867 | |
| Other operating charges | 640/8 | €4,411 | €2,844 | -€1,567 | -35.5% |
| Gross operating margin | 9900 | €16,641 | €72,887 | +€56,246 | +338% |
| Operating profit (loss) | 9901 | €7,289 | €59,130 | +€51,841 | +711% |
| Financial income | 75/76B | €4,403 | €4,944 | +€541 | +12.3% |
| Recurring financial income | 75 | €4,403 | €3,847 | -€556 | -12.6% |
| Non-recurring financial income | 76B | €0 | €1,098 | +€1,098 | |
| Financial charges | 65/66B | €2,876 | €7,901 | +€5,025 | +175% |
| Recurring financial charges | 65 | €2,876 | €7,901 | +€5,025 | +175% |
| Profit (loss) for the period before taxes | 9903 | €8,816 | €56,173 | +€47,357 | +537% |
| Income taxes | 67/77 | €191 | €14,863 | +€14,672 | +7,676% |
| Profit (loss) for the period | 9904 | €8,625 | €41,310 | +€32,685 | +379% |
| Profit (loss) for the period to be appropriated | 9905 | €8,625 | €41,310 | +€32,685 | +379% |
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 25 October 2026 via checked.be.