MECY: 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.
MECY
Largest movements
- Stocks and contracts -€7,495
down €7,495 (-47.1%), from €15,915 to €8,420
- Tangible fixed assets +€5,324
up €5,324 (+116.0%), from €4,589 to €9,913
of which Other tangible fixed assets: +€7,157
- Cash -€5,303
down €5,303 (-70.3%), from €7,542 to €2,238
mainly Net result for the year (-€93,522) and Investment in fixed assets (net) (-€7,668)
- Profit (loss) carried forward -€93,522
down €93,522 (-985.1%), from -€9,494 to -€103,016
- Trade debts +€65,073
up €65,073 (+775.4%), from €8,392 to €73,465
- Tax, wage and social debts +€14,690
up €14,690 (+288.4%), from €5,094 to €19,784
of which Remuneration and social security: +€12,757
- Other debts +€6,453
up €6,453 (+28.0%), from €23,080 to €29,534
- Accrued charges and deferred income -€443
no longer reported in 2025 (was €443)
- Gross operating margin -€81,258
down €81,258, from €59,417 to -€21,841
- Other operating charges +€3,128
up €3,128 (+1231.8%), from €254 to €3,382
- Staff costs -€1,328
down €1,328 (-2.0%), from €66,150 to €64,823
- Financial charges +€824
up €824 (+204.8%), from €402 to €1,226
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 | €28,515 | €20,767 | -€7,748 | -27.2% |
| Fixed assets | 21/28 | €4,589 | €9,913 | +€5,324 | +116.0% |
| Tangible fixed assets | 22/27 | €4,589 | €9,913 | +€5,324 | +116.0% |
| Plant, machinery and equipment | 23 | €3,426 | €1,593 | -€1,833 | -53.5% |
| Other tangible fixed assets | 26 | €1,163 | €8,320 | +€7,157 | +615.5% |
| Current assets | 29/58 | €23,926 | €10,854 | -€13,072 | -54.6% |
| Stocks and contracts in progress | 3 | €15,915 | €8,420 | -€7,495 | -47.1% |
| Stocks | 30/36 | €15,915 | €8,420 | -€7,495 | -47.1% |
| Amounts receivable within one year | 40/41 | €469 | €195 | -€274 | -58.4% |
| Trade receivables | 40 | €274 | - | -€274 | |
| Other amounts receivable | 41 | €195 | €195 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,542 | €2,238 | -€5,303 | -70.3% |
| Total equity and liabilities | 10/49 | €28,515 | €20,767 | -€7,748 | -27.2% |
| Equity | 10/15 | -€8,494 | -€102,016 | -€93,522 | -1101.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,494 | -€103,016 | -€93,522 | -985.1% |
| Amounts payable | 17/49 | €37,009 | €122,783 | +€85,774 | +231.8% |
| Amounts payable within one year | 42/48 | €36,566 | €122,783 | +€86,217 | +235.8% |
| Trade debts | 44 | €8,392 | €73,465 | +€65,073 | +775.4% |
| Suppliers | 440/4 | €8,392 | €73,465 | +€65,073 | +775.4% |
| Taxes, remuneration and social security | 45 | €5,094 | €19,784 | +€14,690 | +288.4% |
| Taxes | 450/3 | €2,558 | €4,492 | +€1,934 | +75.6% |
| Remuneration and social security | 454/9 | €2,536 | €15,293 | +€12,757 | +503.0% |
| Other amounts payable | 47/48 | €23,080 | €29,534 | +€6,453 | +28.0% |
| Accrued charges and deferred income | 492/3 | €443 | - | -€443 | |
| Remuneration, social security and pensions | 62 | €66,150 | €64,823 | -€1,328 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,105 | €2,344 | +€239 | +11.4% |
| Other operating charges | 640/8 | €254 | €3,382 | +€3,128 | +1231.8% |
| Gross operating margin | 9900 | €59,417 | -€21,841 | -€81,258 | |
| Operating profit (loss) | 9901 | -€9,092 | -€92,389 | -€83,297 | -916.2% |
| Financial income | 75/76B | - | €93 | +€93 | |
| Recurring financial income | 75 | - | €93 | +€93 | |
| Financial charges | 65/66B | €402 | €1,226 | +€824 | +204.8% |
| Recurring financial charges | 65 | €402 | €1,226 | +€824 | +204.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,494 | -€93,522 | -€84,028 | -885.1% |
| Profit (loss) for the period | 9904 | -€9,494 | -€93,522 | -€84,028 | -885.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,494 | -€93,522 | -€84,028 | -885.1% |
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 6 October 2026 via checked.be.