Patrick De Mecheleer: 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.
Patrick De Mecheleer
Largest movements
- Current investments -€600,000
down €600,000 (-100%), from €600,000 to €0
- Cash +€571,588
up €571,588 (+258%), from €221,902 to €793,490
mainly Current investments (+€600,000) and Net result for the year (+€327,774)
- Intangible fixed assets -€67,200
down €67,200 (-100%), from €67,200 to €0
- Tangible fixed assets -€26,134
down €26,134 (-75.7%), from €34,508 to €8,374
- Receivables within one year +€18,769
up €18,769 (+44.4%), from €42,317 to €61,086
of which Other amounts receivable: +€47,149
- Profit (loss) carried forward -€392,857
down €392,857 (-51.8%), from €757,754 to €364,897
- Reserves +€327,774
up €327,774 (+470%), from €69,757 to €397,531
- Tax, wage and social debts -€17,938
down €17,938 (-55.0%), from €32,627 to €14,689
of which Remuneration and social security: -€17,938
- Gross operating margin +€322,516
up €322,516 (+104%), from €309,836 to €632,352
- Taxes +€120,599
up €120,599 (+387%), from €31,201 to €151,800
- Turnover -€110,475
down €110,475 (-21.2%), from €520,965 to €410,490
- Purchases and services -€33,890
down €33,890 (-14.5%), from €234,083 to €200,193
- Staff costs -€30,623
down €30,623 (-16.6%), from €183,965 to €153,342
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 | €968,919 | €863,658 | -€105,261 | -10.9% |
| Fixed assets | 21/28 | €101,708 | €8,374 | -€93,334 | -91.8% |
| Intangible fixed assets | 21 | €67,200 | €0 | -€67,200 | -100% |
| Tangible fixed assets | 22/27 | €34,508 | €8,374 | -€26,134 | -75.7% |
| Furniture and vehicles | 24 | €34,508 | €8,374 | -€26,134 | -75.7% |
| Current assets | 29/58 | €867,211 | €855,284 | -€11,927 | -1.4% |
| Amounts receivable within one year | 40/41 | €42,317 | €61,086 | +€18,769 | +44.4% |
| Trade receivables | 40 | €33,230 | €4,850 | -€28,380 | -85.4% |
| Other amounts receivable | 41 | €9,087 | €56,236 | +€47,149 | +519% |
| Current investments | 50/53 | €600,000 | €0 | -€600,000 | -100% |
| Cash at bank and in hand | 54/58 | €221,902 | €793,490 | +€571,588 | +258% |
| Deferred charges and accrued income | 490/1 | €2,992 | €708 | -€2,284 | -76.3% |
| Total equity and liabilities | 10/49 | €968,919 | €863,658 | -€105,261 | -10.9% |
| Equity | 10/15 | €835,571 | €770,488 | -€65,083 | -7.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €69,757 | €397,531 | +€327,774 | +470% |
| Distributable reserves | 133 | €69,757 | €397,531 | +€327,774 | +470% |
| Profit (loss) carried forward | 14 | €757,754 | €364,897 | -€392,857 | -51.8% |
| Amounts payable | 17/49 | €133,348 | €93,170 | -€40,178 | -30.1% |
| Amounts payable after more than one year | 17 | €56,853 | €47,496 | -€9,357 | -16.5% |
| Financial debts | 170/4 | €56,853 | €47,496 | -€9,357 | -16.5% |
| Amounts payable within one year | 42/48 | €71,495 | €41,670 | -€29,825 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €25,035 | €17,301 | -€7,734 | -30.9% |
| Trade debts | 44 | €13,833 | €9,680 | -€4,153 | -30.0% |
| Suppliers | 440/4 | €13,833 | €9,680 | -€4,153 | -30.0% |
| Taxes, remuneration and social security | 45 | €32,627 | €14,689 | -€17,938 | -55.0% |
| Taxes | 450/3 | €11,830 | €11,830 | = | 0.0% |
| Remuneration and social security | 454/9 | €20,797 | €2,859 | -€17,938 | -86.3% |
| Accrued charges and deferred income | 492/3 | €5,000 | €4,004 | -€996 | -19.9% |
| Turnover | 70 | €520,965 | €410,490 | -€110,475 | -21.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €234,083 | €200,193 | -€33,890 | -14.5% |
| Remuneration, social security and pensions | 62 | €183,965 | €153,342 | -€30,623 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,506 | €5,559 | -€24,947 | -81.8% |
| Other operating charges | 640/8 | €6,414 | €6,451 | +€37 | +0.6% |
| Gross operating margin | 9900 | €309,836 | €632,352 | +€322,516 | +104% |
| Operating profit (loss) | 9901 | €88,951 | €467,000 | +€378,049 | +425% |
| Financial income | 75/76B | €16,105 | €17,414 | +€1,309 | +8.1% |
| Recurring financial income | 75 | €16,105 | €17,414 | +€1,309 | +8.1% |
| Financial charges | 65/66B | €4,098 | €4,840 | +€742 | +18.1% |
| Recurring financial charges | 65 | €4,098 | €4,840 | +€742 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | €100,958 | €479,574 | +€378,616 | +375% |
| Income taxes | 67/77 | €31,201 | €151,800 | +€120,599 | +387% |
| Profit (loss) for the period | 9904 | €69,757 | €327,774 | +€258,017 | +370% |
| Profit (loss) for the period to be appropriated | 9905 | €69,757 | €327,774 | +€258,017 | +370% |
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 18 October 2026 via checked.be.