QF MECA: what changed
Two fiscal 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.
QF MECA
Largest movements
- Receivables within one year +€8,392
up €8,392 (+85.8%), from €9,783 to €18,176
- Cash -€6,624
down €6,624 (-91.9%), from €7,210 to €586
mainly Receivables within one year (-€8,392) and Other debts (-€4,501)
- Tangible fixed assets +€3,090
up €3,090 (+150.0%), from €2,061 to €5,151
- Formation expenses -€281
down €281 (-24.7%), from €1,137 to €856
- Profit (loss) carried forward +€5,518
up €5,518 (+577.8%), from €955 to €6,473
- Other debts -€4,501
down €4,501 (-35.8%), from €12,576 to €8,074
- Tax, wage and social debts +€2,059
up €2,059 (+81.9%), from €2,512 to €4,571
- Trade debts +€1,430
up €1,430 (+100.3%), from €1,426 to €2,855
- Gross operating margin +€5,127
up €5,127 (+125.6%), from €4,082 to €9,209
- Taxes +€1,146
up €1,146 (+152.6%), from €751 to €1,898
- Depreciation -€439
down €439 (-23.3%), from €1,887 to €1,448
- Other operating charges -€282
down €282 (-68.5%), from €412 to €130
- Financial charges +€138
up €138 (+179.1%), from €77 to €216
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.
Cash bridge derived
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 | €20,468 | €24,974 | +€4,505 | +22.0% |
| Formation expenses | 20 | €1,137 | €856 | -€281 | -24.7% |
| Fixed assets | 21/28 | €2,061 | €5,151 | +€3,090 | +150.0% |
| Tangible fixed assets | 22/27 | €2,061 | €5,151 | +€3,090 | +150.0% |
| Plant, machinery and equipment | 23 | €2,061 | €5,151 | +€3,090 | +150.0% |
| Current assets | 29/58 | €17,271 | €18,967 | +€1,696 | +9.8% |
| Amounts receivable within one year | 40/41 | €9,783 | €18,176 | +€8,392 | +85.8% |
| Trade receivables | 40 | €9,783 | €18,176 | +€8,392 | +85.8% |
| Cash at bank and in hand | 54/58 | €7,210 | €586 | -€6,624 | -91.9% |
| Deferred charges and accrued income | 490/1 | €278 | €206 | -€72 | -26.0% |
| Total equity and liabilities | 10/49 | €20,468 | €24,974 | +€4,505 | +22.0% |
| Equity | 10/15 | €3,955 | €9,473 | +€5,518 | +139.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €955 | €6,473 | +€5,518 | +577.8% |
| Amounts payable | 17/49 | €16,513 | €15,501 | -€1,013 | -6.1% |
| Amounts payable within one year | 42/48 | €16,513 | €15,501 | -€1,013 | -6.1% |
| Trade debts | 44 | €1,426 | €2,855 | +€1,430 | +100.3% |
| Suppliers | 440/4 | €1,426 | €2,855 | +€1,430 | +100.3% |
| Taxes, remuneration and social security | 45 | €2,512 | €4,571 | +€2,059 | +81.9% |
| Taxes | 450/3 | €2,512 | €4,571 | +€2,059 | +81.9% |
| Other amounts payable | 47/48 | €12,576 | €8,074 | -€4,501 | -35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,887 | €1,448 | -€439 | -23.3% |
| Other operating charges | 640/8 | €412 | €130 | -€282 | -68.5% |
| Gross operating margin | 9900 | €4,082 | €9,209 | +€5,127 | +125.6% |
| Operating profit (loss) | 9901 | €1,783 | €7,631 | +€5,848 | +327.9% |
| Financial charges | 65/66B | €77 | €216 | +€138 | +179.1% |
| Recurring financial charges | 65 | €77 | €216 | +€138 | +179.1% |
| Profit (loss) for the period before taxes | 9903 | €1,706 | €7,416 | +€5,709 | +334.6% |
| Income taxes | 67/77 | €751 | €1,898 | +€1,146 | +152.6% |
| Profit (loss) for the period | 9904 | €955 | €5,518 | +€4,563 | +477.8% |
| Profit (loss) for the period to be appropriated | 9905 | €955 | €5,518 | +€4,563 | +477.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.