MEVAM: 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.
MEVAM
Largest movements
- Tangible fixed assets -€5,678
down €5,678 (-25.0%), from €22,709 to €17,031
of which Furniture and vehicles: -€6,185
- Receivables within one year -€5,083
down €5,083 (-65.3%), from €7,784 to €2,700
of which Trade receivables: -€3,248
- Cash +€2,963
up €2,963 (+8162.2%), from €36 to €2,999
mainly Net result for the year (+€16,529) and Depreciation (+€9,831)
- Profit (loss) carried forward +€16,529
up €16,529 (+18.8%), from -€87,817 to -€71,289
- Debts after one year -€14,715
down €14,715 (-19.1%), from €77,108 to €62,393
- Short-term financial debts -€4,872
no longer reported in 2025 (was €4,872)
- Trade debts -€4,645
down €4,645 (-29.1%), from €15,957 to €11,312
- Tax, wage and social debts +€886
up €886 (+16.4%), from €5,418 to €6,304
of which Taxes: +€807
- Gross operating margin +€33,417
up €33,417 (+76.3%), from €43,794 to €77,211
- Staff costs +€3,850
up €3,850 (+8.4%), from €46,040 to €49,890
- Depreciation +€1,676
up €1,676 (+20.5%), from €8,156 to €9,831
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 | €32,529 | €24,730 | -€7,799 | -24.0% |
| Fixed assets | 21/28 | €24,709 | €19,031 | -€5,678 | -23.0% |
| Tangible fixed assets | 22/27 | €22,709 | €17,031 | -€5,678 | -25.0% |
| Plant, machinery and equipment | 23 | €2,864 | €3,371 | +€507 | +17.7% |
| Furniture and vehicles | 24 | €19,845 | €13,660 | -€6,185 | -31.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €7,820 | €5,699 | -€2,121 | -27.1% |
| Amounts receivable within one year | 40/41 | €7,784 | €2,700 | -€5,083 | -65.3% |
| Trade receivables | 40 | €5,483 | €2,235 | -€3,248 | -59.2% |
| Other amounts receivable | 41 | €2,300 | €465 | -€1,835 | -79.8% |
| Cash at bank and in hand | 54/58 | €36 | €2,999 | +€2,963 | +8162.2% |
| Total equity and liabilities | 10/49 | €32,529 | €24,730 | -€7,799 | -24.0% |
| Equity | 10/15 | -€71,666 | -€55,779 | +€15,887 | +22.2% |
| Contributions | 10/11 | €10,550 | €10,550 | = | 0.0% |
| Capital | 10 | €10,550 | €10,550 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €8,050 | €8,050 | = | 0.0% |
| Reserves | 13 | €4,960 | €4,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,817 | -€71,289 | +€16,529 | +18.8% |
| Investment grants | 15 | €642 | - | -€642 | |
| Amounts payable | 17/49 | €104,195 | €80,509 | -€23,686 | -22.7% |
| Amounts payable after more than one year | 17 | €77,108 | €62,393 | -€14,715 | -19.1% |
| Other amounts payable | 178/9 | €77,108 | €62,393 | -€14,715 | -19.1% |
| Amounts payable within one year | 42/48 | €27,087 | €18,116 | -€8,971 | -33.1% |
| Financial debts | 43 | €4,872 | - | -€4,872 | |
| Credit institutions | 430/8 | €4,872 | - | -€4,872 | |
| Trade debts | 44 | €15,957 | €11,312 | -€4,645 | -29.1% |
| Suppliers | 440/4 | €15,957 | €11,312 | -€4,645 | -29.1% |
| Taxes, remuneration and social security | 45 | €5,418 | €6,304 | +€886 | +16.4% |
| Taxes | 450/3 | €1,273 | €2,080 | +€807 | +63.4% |
| Remuneration and social security | 454/9 | €4,144 | €4,224 | +€80 | +1.9% |
| Other amounts payable | 47/48 | €840 | €500 | -€340 | -40.5% |
| Remuneration, social security and pensions | 62 | €46,040 | €49,890 | +€3,850 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,156 | €9,831 | +€1,676 | +20.5% |
| Other operating charges | 640/8 | €1,304 | €1,305 | +€1 | +0.1% |
| Gross operating margin | 9900 | €43,794 | €77,211 | +€33,417 | +76.3% |
| Operating profit (loss) | 9901 | -€11,706 | €16,185 | +€27,890 | |
| Financial income | 75/76B | €642 | €634 | -€8 | -1.2% |
| Recurring financial income | 75 | €642 | €634 | -€8 | -1.2% |
| Financial charges | 65/66B | €412 | €290 | -€122 | -29.6% |
| Recurring financial charges | 65 | €412 | €290 | -€122 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,476 | €16,529 | +€28,004 | |
| Profit (loss) for the period | 9904 | -€11,476 | €16,529 | +€28,004 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,476 | €16,529 | +€28,004 |
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 11 October 2026 via checked.be.