MEVACO BEHEER: 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.
MEVACO BEHEER
Largest movements
- Tangible fixed assets -€79,069
down €79,069 (-3.5%), from €2.3m to €2.2m
- Cash -€33,103
down €33,103 (-85.8%), from €38,561 to €5,458
mainly Debts after one year (-€90,850) and Net result for the year (-€76,172)
- Debts after one year -€90,850
down €90,850 (-10.6%), from €859,414 to €768,564
of which Financial debts: -€93,663
- Profit (loss) carried forward -€76,172
new in 2025: -€76,172
- Gross operating margin -€79,900
down €79,900 (-47.7%), from €167,673 to €87,773
- Depreciation +€3,046
up €3,046 (+2.4%), from €127,039 to €130,086
- Financial charges -€1,819
down €1,819 (-8.9%), from €20,522 to €18,703
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 | €2,395,812 | €2,264,741 | -€131,071 | -5.5% |
| Fixed assets | 21/28 | €2,285,553 | €2,206,889 | -€78,664 | -3.4% |
| Tangible fixed assets | 22/27 | €2,285,514 | €2,206,444 | -€79,069 | -3.5% |
| Land and buildings | 22 | €2,285,514 | €2,206,444 | -€79,069 | -3.5% |
| Financial fixed assets | 28 | €40 | €445 | +€405 | +1,022% |
| Current assets | 29/58 | €110,259 | €57,852 | -€52,407 | -47.5% |
| Amounts receivable within one year | 40/41 | €70,976 | €51,578 | -€19,398 | -27.3% |
| Trade receivables | 40 | €63,478 | €45,430 | -€18,048 | -28.4% |
| Other amounts receivable | 41 | €7,498 | €6,148 | -€1,350 | -18.0% |
| Cash at bank and in hand | 54/58 | €38,561 | €5,458 | -€33,103 | -85.8% |
| Deferred charges and accrued income | 490/1 | €722 | €816 | +€94 | +13.0% |
| Total equity and liabilities | 10/49 | €2,395,812 | €2,264,741 | -€131,071 | -5.5% |
| Equity | 10/15 | €1,406,496 | €1,330,324 | -€76,172 | -5.4% |
| Contributions | 10/11 | €452,406 | €452,406 | = | 0.0% |
| Capital | 10 | €293,258 | €293,258 | = | 0.0% |
| Issued capital | 100 | €293,258 | €293,258 | = | 0.0% |
| Contributions outside capital | 11 | €159,148 | €159,148 | = | 0.0% |
| Share premium | 1100/10 | €159,148 | €159,148 | = | 0.0% |
| Reserves | 13 | €954,090 | €954,090 | = | 0.0% |
| Non-distributable reserves | 130/1 | €29,326 | €29,326 | = | 0.0% |
| Legal reserve | 130 | €29,326 | €29,326 | = | 0.0% |
| Distributable reserves | 133 | €924,764 | €924,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€76,172 | -€76,172 | |
| Amounts payable | 17/49 | €989,316 | €934,417 | -€54,899 | -5.5% |
| Amounts payable after more than one year | 17 | €859,414 | €768,564 | -€90,850 | -10.6% |
| Financial debts | 170/4 | €859,414 | €765,751 | -€93,663 | -10.9% |
| Other amounts payable | 178/9 | - | €2,813 | +€2,813 | |
| Amounts payable within one year | 42/48 | €128,304 | €148,772 | +€20,468 | +16.0% |
| Current portion of amounts payable after more than one year | 42 | €120,000 | €120,000 | = | 0.0% |
| Trade debts | 44 | €74 | €13,464 | +€13,390 | +18,073% |
| Suppliers | 440/4 | €74 | €13,464 | +€13,390 | +18,073% |
| Taxes, remuneration and social security | 45 | €8,230 | €4,418 | -€3,812 | -46.3% |
| Taxes | 450/3 | €8,230 | €4,418 | -€3,812 | -46.3% |
| Other amounts payable | 47/48 | - | €10,890 | +€10,890 | |
| Accrued charges and deferred income | 492/3 | €1,599 | €17,081 | +€15,482 | +969% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,039 | €130,086 | +€3,046 | +2.4% |
| Other operating charges | 640/8 | €14,703 | €15,156 | +€453 | +3.1% |
| Gross operating margin | 9900 | €167,673 | €87,773 | -€79,900 | -47.7% |
| Operating profit (loss) | 9901 | €25,931 | -€57,469 | -€83,399 | |
| Financial charges | 65/66B | €20,522 | €18,703 | -€1,819 | -8.9% |
| Recurring financial charges | 65 | €20,522 | €18,703 | -€1,819 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €5,408 | -€76,172 | -€81,580 | |
| Income taxes | 67/77 | €1,582 | - | -€1,582 | |
| Profit (loss) for the period | 9904 | €3,826 | -€76,172 | -€79,998 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,826 | -€76,172 | -€79,998 |
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 28 October 2026 via checked.be.