MEBREVO: 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.
MEBREVO
Largest movements
- Receivables within one year +€215,481
up €215,481 (+219%), from €98,514 to €313,995
of which Other amounts receivable: +€220,812
- Tangible fixed assets +€84,746
up €84,746 (+16,118%), from €526 to €85,272
of which Plant, machinery and equipment: +€79,653
- Stocks and contracts +€57,215
up €57,215 (+603%), from €9,484 to €66,699
- Cash +€47,942
new in 2025: €47,942
mainly Trade debts (+€284,092) and Tax, wage and social debts (+€103,659)
- Trade debts +€284,092
up €284,092 (+389%), from €73,073 to €357,165
- Tax, wage and social debts +€103,659
up €103,659 (+390%), from €26,553 to €130,212
of which Remuneration and social security: +€56,810
- Profit (loss) carried forward +€17,633
up €17,633 (+33.2%), from -€53,102 to -€35,469
- Gross operating margin +€425,690
up €425,690 (+422%), from €100,770 to €526,460
- Staff costs +€360,214
up €360,214 (+397%), from €90,794 to €451,008
- Depreciation +€42,508
up €42,508 (+847%), from €5,021 to €47,529
- Taxes +€8,659
up €8,659 (+469%), from €1,846 to €10,506
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 | €108,524 | €513,908 | +€405,385 | +374% |
| Fixed assets | 21/28 | €526 | €85,272 | +€84,746 | +16,118% |
| Tangible fixed assets | 22/27 | €526 | €85,272 | +€84,746 | +16,118% |
| Plant, machinery and equipment | 23 | - | €79,653 | +€79,653 | |
| Furniture and vehicles | 24 | - | €4,919 | +€4,919 | |
| Other tangible fixed assets | 26 | €526 | €699 | +€173 | +33.0% |
| Current assets | 29/58 | €107,998 | €428,636 | +€320,638 | +297% |
| Stocks and contracts in progress | 3 | €9,484 | €66,699 | +€57,215 | +603% |
| Stocks | 30/36 | €9,484 | €66,699 | +€57,215 | +603% |
| Amounts receivable within one year | 40/41 | €98,514 | €313,995 | +€215,481 | +219% |
| Trade receivables | 40 | €64,882 | €59,551 | -€5,331 | -8.2% |
| Other amounts receivable | 41 | €33,632 | €254,444 | +€220,812 | +657% |
| Cash at bank and in hand | 54/58 | - | €47,942 | +€47,942 | |
| Total equity and liabilities | 10/49 | €108,524 | €513,908 | +€405,385 | +374% |
| Equity | 10/15 | €8,898 | €26,531 | +€17,633 | +198% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,102 | -€35,469 | +€17,633 | +33.2% |
| Amounts payable | 17/49 | €99,625 | €487,377 | +€387,752 | +389% |
| Amounts payable within one year | 42/48 | €99,625 | €487,377 | +€387,752 | +389% |
| Trade debts | 44 | €73,073 | €357,165 | +€284,092 | +389% |
| Suppliers | 440/4 | €73,073 | €357,165 | +€284,092 | +389% |
| Taxes, remuneration and social security | 45 | €26,553 | €130,212 | +€103,659 | +390% |
| Taxes | 450/3 | €11,489 | €58,339 | +€46,850 | +408% |
| Remuneration and social security | 454/9 | €15,063 | €71,873 | +€56,810 | +377% |
| Non-recurring operating income | 76A | €1,404 | €3,659 | +€2,255 | +161% |
| Remuneration, social security and pensions | 62 | €90,794 | €451,008 | +€360,214 | +397% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,021 | €47,529 | +€42,508 | +847% |
| Other operating charges | 640/8 | €203 | €144 | -€58 | -28.8% |
| Gross operating margin | 9900 | €100,770 | €526,460 | +€425,690 | +422% |
| Operating profit (loss) | 9901 | €4,753 | €27,780 | +€23,027 | +484% |
| Financial income | 75/76B | €328 | €2,067 | +€1,739 | +530% |
| Recurring financial income | 75 | €328 | €2,067 | +€1,739 | +530% |
| Financial charges | 65/66B | €270 | €1,709 | +€1,438 | +533% |
| Recurring financial charges | 65 | €270 | €1,709 | +€1,438 | +533% |
| Profit (loss) for the period before taxes | 9903 | €4,811 | €28,139 | +€23,327 | +485% |
| Income taxes | 67/77 | €1,846 | €10,506 | +€8,659 | +469% |
| Profit (loss) for the period | 9904 | €2,965 | €17,633 | +€14,668 | +495% |
| Profit (loss) for the period to be appropriated | 9905 | €2,965 | €17,633 | +€14,668 | +495% |
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 22 October 2026 via checked.be.