MEVAC: what changed
What changed
MEVAC
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
-€57,556
2024 · €1,137-€58,693
Equity
€590,088
2024 · €647,644-€57,556
Cash
€147,928
2024 · €184,868-€36,940
Balance sheet total
€745,415
2024 · €846,393-€100,978
Largest movements
Assets
- Receivables within one year -€67,089
down €67,089 (-18.0%), from €373,235 to €306,146
of which Trade receivables: -€53,006
- Cash -€36,940
down €36,940 (-20.0%), from €184,868 to €147,928
mainly Trade debts (-€57,688) and Net result for the year (-€57,556)
- Deferred charges and accrued income -€36,593
down €36,593 (-97.6%), from €37,500 to €907
- Stocks and contracts +€35,838
up €35,838 (+22.4%), from €159,933 to €195,771
of which Contracts in progress: +€23,838
Equity and liabilities
- Trade debts -€57,688
down €57,688 (-36.2%), from €159,520 to €101,832
- Profit (loss) carried forward -€57,556
new in 2025: -€57,556
Income statement
- Gross operating margin -€71,799
down €71,799 (-16.4%), from €437,067 to €365,268
- Other operating charges -€15,013
down €15,013 (-88.8%), from €16,911 to €1,898
- Staff costs +€6,652
up €6,652 (+1.7%), from €388,534 to €395,186
- Taxes -€6,144
down €6,144 (-93.0%), from €6,606 to €462
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1,137
Gross operating margin
-€71,799
Staff costs
-€6,652
Depreciation
-€2,809
Other operating charges
+€15,013
Financial income
-€138
Financial charges
+€1,548
Taxes
+€6,144
Result 2025
-€57,556
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€8,622
Investment
-€28,318
Financing
€0
Cash 2024
€184,868
From operations (derived)
-€8,622
Net result for the year
-€57,556
Depreciation
+€24,512
Stocks and contracts
-€35,838
Receivables within one year
+€67,089
Deferred charges and accrued income
+€36,593
Trade debts
-€57,688
Tax, wage and social debts
+€5,779
Other debts
+€2,709
Accrued charges and deferred income
+€5,779
Investment (derived)
-€28,318
Investment in fixed assets (net)
-€28,318
Cash 2025
€147,928
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €846,393 | €745,415 | -€100,978 | -11.9% |
| Fixed assets | 21/28 | €90,857 | €94,663 | +€3,807 | +4.2% |
| Tangible fixed assets | 22/27 | €90,857 | €94,663 | +€3,807 | +4.2% |
| Land and buildings | 22 | €19,339 | €32,182 | +€12,842 | +66.4% |
| Plant, machinery and equipment | 23 | €60,641 | €57,246 | -€3,394 | -5.6% |
| Furniture and vehicles | 24 | €10,877 | €5,235 | -€5,641 | -51.9% |
| Current assets | 29/58 | €755,536 | €650,752 | -€104,784 | -13.9% |
| Stocks and contracts in progress | 3 | €159,933 | €195,771 | +€35,838 | +22.4% |
| Stocks | 30/36 | €79,692 | €91,692 | +€12,000 | +15.1% |
| Contracts in progress | 37 | €80,241 | €104,080 | +€23,838 | +29.7% |
| Amounts receivable within one year | 40/41 | €373,235 | €306,146 | -€67,089 | -18.0% |
| Trade receivables | 40 | €182,166 | €129,160 | -€53,006 | -29.1% |
| Other amounts receivable | 41 | €191,070 | €176,986 | -€14,084 | -7.4% |
| Cash at bank and in hand | 54/58 | €184,868 | €147,928 | -€36,940 | -20.0% |
| Deferred charges and accrued income | 490/1 | €37,500 | €907 | -€36,593 | -97.6% |
| Total equity and liabilities | 10/49 | €846,393 | €745,415 | -€100,978 | -11.9% |
| Equity | 10/15 | €647,644 | €590,088 | -€57,556 | -8.9% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €582,644 | €582,644 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €576,144 | €576,144 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€57,556 | -€57,556 | |
| Amounts payable | 17/49 | €198,750 | €155,328 | -€43,422 | -21.8% |
| Amounts payable within one year | 42/48 | €198,750 | €149,549 | -€49,201 | -24.8% |
| Trade debts | 44 | €159,520 | €101,832 | -€57,688 | -36.2% |
| Suppliers | 440/4 | €159,520 | €101,832 | -€57,688 | -36.2% |
| Taxes, remuneration and social security | 45 | €27,707 | €33,485 | +€5,779 | +20.9% |
| Taxes | 450/3 | €2,104 | €9,475 | +€7,371 | +350% |
| Remuneration and social security | 454/9 | €25,603 | €24,011 | -€1,592 | -6.2% |
| Other amounts payable | 47/48 | €11,523 | €14,232 | +€2,709 | +23.5% |
| Accrued charges and deferred income | 492/3 | - | €5,779 | +€5,779 | |
| Remuneration, social security and pensions | 62 | €388,534 | €395,186 | +€6,652 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,702 | €24,512 | +€2,809 | +12.9% |
| Other operating charges | 640/8 | €16,911 | €1,898 | -€15,013 | -88.8% |
| Gross operating margin | 9900 | €437,067 | €365,268 | -€71,799 | -16.4% |
| Operating profit (loss) | 9901 | €9,920 | -€56,327 | -€66,247 | |
| Financial income | 75/76B | €1,251 | €1,113 | -€138 | -11.0% |
| Recurring financial income | 75 | €1,251 | €1,113 | -€138 | -11.0% |
| Financial charges | 65/66B | €3,428 | €1,880 | -€1,548 | -45.2% |
| Recurring financial charges | 65 | €3,428 | €1,880 | -€1,548 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €7,743 | -€57,094 | -€64,837 | |
| Income taxes | 67/77 | €6,606 | €462 | -€6,144 | -93.0% |
| Profit (loss) for the period | 9904 | €1,137 | -€57,556 | -€58,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,137 | -€57,556 | -€58,693 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.