MEUVACO: 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.
MEUVACO
Largest movements
- Receivables within one year +€204,308
up €204,308, from €0 to €204,308
of which Trade receivables: +€204,308
- Tangible fixed assets -€6,823
down €6,823 (-12.9%), from €52,951 to €46,128
of which Land and buildings: -€3,964
- Profit (loss) carried forward +€149,698
up €149,698, from -€29,892 to €119,806
- Tax, wage and social debts +€39,935
up €39,935, from €0 to €39,935
- Accrued charges and deferred income +€7,808
new in 2024: €7,808
- Gross operating margin +€209,524
up €209,524, from -€6,716 to €202,808
- Taxes +€39,935
new in 2024: €39,935
- Depreciation -€2,414
down €2,414 (-26.1%), from €9,237 to €6,823
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €53,055 | €250,497 | +€197,442 | +372.1% |
| Fixed assets | 21/28 | €52,951 | €46,128 | -€6,823 | -12.9% |
| Tangible fixed assets | 22/27 | €52,951 | €46,128 | -€6,823 | -12.9% |
| Land and buildings | 22 | €49,590 | €45,626 | -€3,964 | -8.0% |
| Plant, machinery and equipment | 23 | €3,361 | €502 | -€2,859 | -85.1% |
| Current assets | 29/58 | €105 | €204,370 | +€204,265 | +194872.1% |
| Amounts receivable within one year | 40/41 | €0 | €204,308 | +€204,308 | |
| Trade receivables | 40 | - | €204,308 | +€204,308 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €105 | €61 | -€44 | -41.5% |
| Total equity and liabilities | 10/49 | €53,055 | €250,497 | +€197,442 | +372.1% |
| Equity | 10/15 | €26,123 | €175,821 | +€149,698 | +573.0% |
| Contributions | 10/11 | €50,491 | €50,491 | = | 0.0% |
| Reserves | 13 | €5,524 | €5,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €5,524 | €5,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,892 | €119,806 | +€149,698 | |
| Amounts payable | 17/49 | €26,932 | €74,676 | +€47,744 | +177.3% |
| Amounts payable within one year | 42/48 | €26,932 | €66,868 | +€39,935 | +148.3% |
| Trade debts | 44 | €26,932 | €26,932 | = | 0.0% |
| Suppliers | 440/4 | €26,932 | €26,932 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €0 | €39,935 | +€39,935 | |
| Taxes | 450/3 | €0 | €39,935 | +€39,935 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €7,808 | +€7,808 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,237 | €6,823 | -€2,414 | -26.1% |
| Other operating charges | 640/8 | €6,262 | €6,308 | +€46 | +0.7% |
| Gross operating margin | 9900 | -€6,716 | €202,808 | +€209,524 | |
| Operating profit (loss) | 9901 | -€22,215 | €189,677 | +€211,893 | |
| Financial charges | 65/66B | €64 | €44 | -€21 | -32.0% |
| Recurring financial charges | 65 | €64 | €44 | -€21 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,279 | €189,634 | +€211,913 | |
| Income taxes | 67/77 | - | €39,935 | +€39,935 | |
| Profit (loss) for the period | 9904 | -€22,279 | €149,698 | +€171,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,279 | €149,698 | +€171,978 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.