MEHMO: 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.
MEHMO
Largest movements
- Receivables within one year -€44,422
down €44,422 (-87.5%), from €50,757 to €6,335
of which Other amounts receivable: -€43,665
- Stocks and contracts +€15,397
up €15,397 (+13.9%), from €110,487 to €125,884
- Tangible fixed assets -€2,450
down €2,450 (-24.3%), from €10,082 to €7,632
of which Furniture and vehicles: -€3,425
- Profit (loss) carried forward -€11,969
new in 2025: -€11,969
- Other debts -€7,717
no longer reported in 2025 (was €7,717)
- Tax, wage and social debts -€4,785
down €4,785 (-83.9%), from €5,703 to €918
- Current portion of long-term debt -€2,730
no longer reported in 2025 (was €2,730)
- Short-term financial debts -€1,788
down €1,788 (-12.4%), from €14,374 to €12,585
- Gross operating margin -€26,402
down €26,402 (-87.8%), from €30,067 to €3,666
- Financial charges +€765
up €765 (+27.7%), from €2,757 to €3,521
- Depreciation +€652
up €652 (+27.4%), from €2,378 to €3,030
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,453 | €140,823 | -€30,630 | -17.9% |
| Fixed assets | 21/28 | €10,082 | €7,632 | -€2,450 | -24.3% |
| Tangible fixed assets | 22/27 | €10,082 | €7,632 | -€2,450 | -24.3% |
| Furniture and vehicles | 24 | €6,669 | €3,243 | -€3,425 | -51.4% |
| Other tangible fixed assets | 26 | €3,413 | €4,388 | +€975 | +28.6% |
| Current assets | 29/58 | €161,371 | €133,191 | -€28,179 | -17.5% |
| Stocks and contracts in progress | 3 | €110,487 | €125,884 | +€15,397 | +13.9% |
| Stocks | 30/36 | €110,487 | €125,884 | +€15,397 | +13.9% |
| Amounts receivable within one year | 40/41 | €50,757 | €6,335 | -€44,422 | -87.5% |
| Trade receivables | 40 | €757 | - | -€757 | |
| Other amounts receivable | 41 | €50,000 | €6,335 | -€43,665 | -87.3% |
| Cash at bank and in hand | 54/58 | €41 | €717 | +€676 | +1,630% |
| Deferred charges and accrued income | 490/1 | €85 | €255 | +€170 | +199% |
| Total equity and liabilities | 10/49 | €171,453 | €140,823 | -€30,630 | -17.9% |
| Equity | 10/15 | €130,165 | €118,195 | -€11,969 | -9.2% |
| Contributions | 10/11 | €68,600 | €68,600 | = | 0.0% |
| Reserves | 13 | €61,565 | €61,565 | = | 0.0% |
| Distributable reserves | 133 | €61,565 | €61,565 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,969 | -€11,969 | |
| Amounts payable | 17/49 | €41,288 | €22,628 | -€18,660 | -45.2% |
| Amounts payable within one year | 42/48 | €41,288 | €22,628 | -€18,660 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €2,730 | - | -€2,730 | |
| Financial debts | 43 | €14,374 | €12,585 | -€1,788 | -12.4% |
| Credit institutions | 430/8 | €14,374 | €12,585 | -€1,788 | -12.4% |
| Trade debts | 44 | €10,765 | €9,125 | -€1,640 | -15.2% |
| Suppliers | 440/4 | €10,765 | €9,125 | -€1,640 | -15.2% |
| Taxes, remuneration and social security | 45 | €5,703 | €918 | -€4,785 | -83.9% |
| Taxes | 450/3 | €5,703 | €918 | -€4,785 | -83.9% |
| Other amounts payable | 47/48 | €7,717 | - | -€7,717 | |
| Non-recurring operating income | 76A | €8,788 | - | -€8,788 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,378 | €3,030 | +€652 | +27.4% |
| Other operating charges | 640/8 | €2,056 | €1,825 | -€231 | -11.2% |
| Gross operating margin | 9900 | €30,067 | €3,666 | -€26,402 | -87.8% |
| Operating profit (loss) | 9901 | €25,634 | -€1,190 | -€26,823 | |
| Financial income | 75/76B | €1 | €2 | +€2 | +398% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +398% |
| Financial charges | 65/66B | €2,757 | €3,521 | +€765 | +27.7% |
| Recurring financial charges | 65 | €2,757 | €3,521 | +€765 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €22,878 | -€4,709 | -€27,586 | |
| Income taxes | 67/77 | - | €137 | +€137 | |
| Profit (loss) for the period | 9904 | €22,878 | -€4,845 | -€27,723 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,878 | -€4,845 | -€27,723 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.