MEVAKIP: 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.
MEVAKIP
Largest movements
- Cash +€425,187
up €425,187 (+36.4%), from €1.2m to €1.6m
mainly Net result for the year (+€1.0m) and Depreciation (+€267,319)
- Receivables within one year +€393,723
up €393,723 (+277%), from €142,252 to €535,975
- Stocks and contracts -€246,343
down €246,343 (-89.7%), from €274,601 to €28,258
- Tangible fixed assets +€167,924
up €167,924 (+5.2%), from €3.2m to €3.4m
of which Furniture and vehicles: +€119,741
- Reserves +€664,215
up €664,215 (+32.2%), from €2.1m to €2.7m
of which Distributable reserves: +€651,870
- Debts after one year -€130,485
down €130,485 (-15.1%), from €865,212 to €734,727
- Tax, wage and social debts +€106,537
up €106,537 (+81.1%), from €131,371 to €237,908
of which Taxes: +€105,960
- Trade debts +€104,974
up €104,974 (+54.2%), from €193,567 to €298,540
- Current portion of long-term debt -€84,693
down €84,693 (-39.4%), from €215,179 to €130,485
- Gross operating margin +€501,744
up €501,744 (+35.4%), from €1.4m to €1.9m
- Taxes +€142,825
up €142,825 (+43.3%), from €329,555 to €472,380
- Other operating charges +€57,551
up €57,551 (+211%), from €27,307 to €84,858
- Depreciation +€57,310
up €57,310 (+27.3%), from €210,010 to €267,319
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 | €4,874,887 | €5,606,945 | +€732,058 | +15.0% |
| Fixed assets | 21/28 | €3,280,753 | €3,440,531 | +€159,778 | +4.9% |
| Intangible fixed assets | 21 | €60,168 | €52,022 | -€8,146 | -13.5% |
| Tangible fixed assets | 22/27 | €3,220,585 | €3,388,509 | +€167,924 | +5.2% |
| Land and buildings | 22 | €2,979,271 | €2,983,952 | +€4,681 | +0.2% |
| Plant, machinery and equipment | 23 | €82,432 | €187,684 | +€105,252 | +128% |
| Furniture and vehicles | 24 | €57,132 | €176,873 | +€119,741 | +210% |
| Assets under construction and advance payments | 27 | €101,750 | €40,000 | -€61,750 | -60.7% |
| Current assets | 29/58 | €1,594,134 | €2,166,414 | +€572,280 | +35.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €274,601 | €28,258 | -€246,343 | -89.7% |
| Stocks | 30/36 | €274,601 | €28,258 | -€246,343 | -89.7% |
| Amounts receivable within one year | 40/41 | €142,252 | €535,975 | +€393,723 | +277% |
| Trade receivables | 40 | €142,252 | €535,975 | +€393,723 | +277% |
| Cash at bank and in hand | 54/58 | €1,166,603 | €1,591,789 | +€425,187 | +36.4% |
| Deferred charges and accrued income | 490/1 | €10,679 | €10,392 | -€287 | -2.7% |
| Total equity and liabilities | 10/49 | €4,874,887 | €5,606,945 | +€732,058 | +15.0% |
| Equity | 10/15 | €3,295,657 | €3,959,872 | +€664,215 | +20.2% |
| Contributions | 10/11 | €1,233,600 | €1,233,600 | = | 0.0% |
| Reserves | 13 | €2,062,057 | €2,726,272 | +€664,215 | +32.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €12,345 | +€12,345 | |
| Distributable reserves | 133 | €2,062,057 | €2,713,927 | +€651,870 | +31.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €4,115 | +€4,115 | |
| Deferred taxes | 168 | - | €4,115 | +€4,115 | |
| Amounts payable | 17/49 | €1,579,231 | €1,642,958 | +€63,727 | +4.0% |
| Amounts payable after more than one year | 17 | €865,212 | €734,727 | -€130,485 | -15.1% |
| Financial debts | 170/4 | €865,212 | €734,727 | -€130,485 | -15.1% |
| Amounts payable within one year | 42/48 | €714,018 | €908,231 | +€194,213 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €215,179 | €130,485 | -€84,693 | -39.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €193,567 | €298,540 | +€104,974 | +54.2% |
| Suppliers | 440/4 | €193,567 | €298,540 | +€104,974 | +54.2% |
| Taxes, remuneration and social security | 45 | €131,371 | €237,908 | +€106,537 | +81.1% |
| Taxes | 450/3 | €131,371 | €237,332 | +€105,960 | +80.7% |
| Remuneration and social security | 454/9 | - | €576 | +€576 | |
| Other amounts payable | 47/48 | €173,901 | €241,297 | +€67,396 | +38.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €7,000 | €41,370 | +€34,370 | +491% |
| Remuneration, social security and pensions | 62 | - | €8,157 | +€8,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210,010 | €267,319 | +€57,310 | +27.3% |
| Other operating charges | 640/8 | €27,307 | €84,858 | +€57,551 | +211% |
| Non-recurring operating charges | 66A | €83,740 | €0 | -€83,740 | -100% |
| Gross operating margin | 9900 | €1,418,256 | €1,920,000 | +€501,744 | +35.4% |
| Operating profit (loss) | 9901 | €1,097,200 | €1,559,666 | +€462,466 | +42.1% |
| Financial income | 75/76B | €76 | €29 | -€48 | -62.6% |
| Recurring financial income | 75 | €76 | €29 | -€48 | -62.6% |
| Financial charges | 65/66B | €45,148 | €37,215 | -€7,933 | -17.6% |
| Recurring financial charges | 65 | €45,148 | €37,215 | -€7,933 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €1,052,128 | €1,522,480 | +€470,352 | +44.7% |
| Transfer from deferred taxes | 780 | - | €885 | +€885 | |
| Transfer to deferred taxes | 680 | - | €5,000 | +€5,000 | |
| Income taxes | 67/77 | €329,555 | €472,380 | +€142,825 | +43.3% |
| Profit (loss) for the period | 9904 | €722,573 | €1,045,985 | +€323,412 | +44.8% |
| Transfer from tax-exempt reserves | 789 | - | €2,655 | +€2,655 | |
| Transfer to tax-exempt reserves | 689 | - | €15,000 | +€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €722,573 | €1,033,639 | +€311,066 | +43.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.