M.E.V.D. TUUK: 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.
M.E.V.D. TUUK
Largest movements
- Stocks and contracts +€9,947
up €9,947 (+17.2%), from €57,691 to €67,638
of which Contracts in progress: +€14,785
- Receivables within one year -€9,280
down €9,280 (-87.8%), from €10,570 to €1,290
- Cash +€5,806
up €5,806 (+24.1%), from €24,131 to €29,937
mainly Net result for the year (+€14,340) and Receivables within one year (+€9,280)
- Tangible fixed assets +€1,631
up €1,631 (+325%), from €503 to €2,134
of which Furniture and vehicles: +€1,758
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Profit (loss) carried forward +€14,340
up €14,340 (+227%), from €6,330 to €20,671
- Trade debts -€6,893
down €6,893 (-37.8%), from €18,216 to €11,323
- Other debts +€2,313
up €2,313 (+8.0%), from €28,981 to €31,294
- Gross operating margin +€3,965
up €3,965 (+17.1%), from €23,188 to €27,153
- Taxes +€2,092
up €2,092 (+56.2%), from €3,722 to €5,814
- Other operating charges -€1,710
down €1,710 (-26.7%), from €6,406 to €4,696
- Depreciation +€1,646
up €1,646 (+1,301%), from €127 to €1,773
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 | €92,894 | €102,499 | +€9,605 | +10.3% |
| Fixed assets | 21/28 | €503 | €2,134 | +€1,631 | +325% |
| Tangible fixed assets | 22/27 | €503 | €2,134 | +€1,631 | +325% |
| Plant, machinery and equipment | 23 | €503 | €376 | -€127 | -25.2% |
| Furniture and vehicles | 24 | - | €1,758 | +€1,758 | |
| Current assets | 29/58 | €92,391 | €100,365 | +€7,974 | +8.6% |
| Stocks and contracts in progress | 3 | €57,691 | €67,638 | +€9,947 | +17.2% |
| Stocks | 30/36 | €47,476 | €42,638 | -€4,839 | -10.2% |
| Contracts in progress | 37 | €10,215 | €25,000 | +€14,785 | +145% |
| Amounts receivable within one year | 40/41 | €10,570 | €1,290 | -€9,280 | -87.8% |
| Trade receivables | 40 | €10,570 | €1,290 | -€9,280 | -87.8% |
| Cash at bank and in hand | 54/58 | €24,131 | €29,937 | +€5,806 | +24.1% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €92,894 | €102,499 | +€9,605 | +10.3% |
| Equity | 10/15 | €26,781 | €41,122 | +€14,340 | +53.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,330 | €20,671 | +€14,340 | +227% |
| Amounts payable | 17/49 | €66,113 | €61,377 | -€4,735 | -7.2% |
| Amounts payable within one year | 42/48 | €66,113 | €61,377 | -€4,735 | -7.2% |
| Trade debts | 44 | €18,216 | €11,323 | -€6,893 | -37.8% |
| Suppliers | 440/4 | €18,216 | €11,323 | -€6,893 | -37.8% |
| Advances received on contracts in progress | 46 | €7,000 | €7,840 | +€840 | +12.0% |
| Taxes, remuneration and social security | 45 | €11,916 | €10,920 | -€996 | -8.4% |
| Taxes | 450/3 | €11,916 | €10,920 | -€996 | -8.4% |
| Other amounts payable | 47/48 | €28,981 | €31,294 | +€2,313 | +8.0% |
| Non-recurring operating income | 76A | €0 | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €1,773 | +€1,646 | +1,301% |
| Other operating charges | 640/8 | €6,406 | €4,696 | -€1,710 | -26.7% |
| Gross operating margin | 9900 | €23,188 | €27,153 | +€3,965 | +17.1% |
| Operating profit (loss) | 9901 | €16,655 | €20,684 | +€4,029 | +24.2% |
| Financial income | 75/76B | €92 | €20 | -€72 | -78.5% |
| Recurring financial income | 75 | €92 | €20 | -€72 | -78.5% |
| Financial charges | 65/66B | €387 | €550 | +€163 | +42.2% |
| Recurring financial charges | 65 | €387 | €550 | +€163 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €16,360 | €20,155 | +€3,794 | +23.2% |
| Income taxes | 67/77 | €3,722 | €5,814 | +€2,092 | +56.2% |
| Profit (loss) for the period | 9904 | €12,638 | €14,340 | +€1,702 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,638 | €14,340 | +€1,702 | +13.5% |
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 24 October 2026 via checked.be.