MEVADA: what changed
Two fiscal 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.
MEVADA
Largest movements
- Tangible fixed assets -€6,932
down €6,932 (-2.6%), from €268,173 to €261,241
of which Other tangible fixed assets: -€6,932
- Profit (loss) carried forward +€18,150
up €18,150 (+13.1%), from -€138,539 to -€120,389
- Other debts -€13,716
down €13,716 (-13.1%), from €104,872 to €91,156
- Debts after one year -€13,164
down €13,164 (-5.8%), from €227,270 to €214,106
- Gross operating margin +€41,757
up €41,757 (+224.7%), from €18,583 to €60,340
- Depreciation +€8,583
up €8,583 (+42.1%), from €20,404 to €28,987
- Financial charges -€2,739
down €2,739 (-21.4%), from €12,800 to €10,061
- Other operating charges +€834
up €834 (+36.1%), from €2,308 to €3,142
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.
Cash bridge derived
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 | €294,202 | €285,063 | -€9,139 | -3.1% |
| Fixed assets | 21/28 | €268,173 | €261,241 | -€6,932 | -2.6% |
| Tangible fixed assets | 22/27 | €268,173 | €261,241 | -€6,932 | -2.6% |
| Land and buildings | 22 | €24,916 | €24,916 | = | 0.0% |
| Other tangible fixed assets | 26 | €243,257 | €236,325 | -€6,932 | -2.8% |
| Current assets | 29/58 | €26,028 | €23,822 | -€2,207 | -8.5% |
| Amounts receivable within one year | 40/41 | €18,805 | €17,506 | -€1,299 | -6.9% |
| Trade receivables | 40 | - | €11,880 | +€11,880 | |
| Other amounts receivable | 41 | €18,805 | €5,626 | -€13,179 | -70.1% |
| Cash at bank and in hand | 54/58 | €7,224 | €5,336 | -€1,888 | -26.1% |
| Deferred charges and accrued income | 490/1 | - | €979 | +€979 | |
| Total equity and liabilities | 10/49 | €294,202 | €285,063 | -€9,139 | -3.1% |
| Equity | 10/15 | -€52,729 | -€34,579 | +€18,150 | +34.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €23,836 | €23,836 | = | 0.0% |
| Distributable reserves | 133 | €23,836 | €23,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,539 | -€120,389 | +€18,150 | +13.1% |
| Amounts payable | 17/49 | €346,930 | €319,642 | -€27,289 | -7.9% |
| Amounts payable after more than one year | 17 | €227,270 | €214,106 | -€13,164 | -5.8% |
| Financial debts | 170/4 | €227,270 | €214,106 | -€13,164 | -5.8% |
| Amounts payable within one year | 42/48 | €119,661 | €105,536 | -€14,125 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €12,617 | €13,164 | +€547 | +4.3% |
| Trade debts | 44 | €2,172 | €1,005 | -€1,167 | -53.7% |
| Suppliers | 440/4 | €2,172 | €1,005 | -€1,167 | -53.7% |
| Taxes, remuneration and social security | 45 | - | €211 | +€211 | |
| Taxes | 450/3 | - | €211 | +€211 | |
| Other amounts payable | 47/48 | €104,872 | €91,156 | -€13,716 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,404 | €28,987 | +€8,583 | +42.1% |
| Other operating charges | 640/8 | €2,308 | €3,142 | +€834 | +36.1% |
| Gross operating margin | 9900 | €18,583 | €60,340 | +€41,757 | +224.7% |
| Operating profit (loss) | 9901 | -€4,129 | €28,210 | +€32,339 | |
| Financial income | 75/76B | €194 | - | -€194 | |
| Recurring financial income | 75 | €194 | - | -€194 | |
| Financial charges | 65/66B | €12,800 | €10,061 | -€2,739 | -21.4% |
| Recurring financial charges | 65 | €12,800 | €10,061 | -€2,739 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | -€16,735 | €18,150 | +€34,885 | |
| Profit (loss) for the period | 9904 | -€16,735 | €18,150 | +€34,885 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,735 | €18,150 | +€34,885 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.