MEVANCO: 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.
What changed
MEVANCO
NACE 68.310, Real estate agency activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€169,082
2024 · €169,572-€490
Equity
€5.9m
2024 · €5.8m+€169,082
Cash
€212,973
2024 · €105,755+€107,218
Balance sheet total
€8.6m
2024 · €8.6m+€42,601
Largest movements
Assets
- Tangible fixed assets -€114,710
down €114,710 (-3.3%), from €3.4m to €3.3m
- Cash +€107,218
up €107,218 (+101.4%), from €105,755 to €212,973
mainly Net result for the year (+€169,082) and Depreciation (+€118,542)
Equity and liabilities
- Debts after one year -€298,292
down €298,292 (-22.4%), from €1.3m to €1.0m
- Reserves +€169,082
up €169,082 (+47.2%), from €358,224 to €527,306
of which Distributable reserves: +€175,165
- Other debts +€88,902
up €88,902 (+8.7%), from €1.0m to €1.1m
Income statement
- Financial income +€221,034
up €221,034 (+90.6%), from €243,968 to €465,002
- Gross operating margin -€136,711
down €136,711 (-68.2%), from €200,311 to €63,600
- Taxes +€95,503
up €95,503 (+178343.2%), from €54 to €95,556
- Other operating charges +€17,174
up €17,174 (+75.8%), from €22,652 to €39,826
- Financial charges +€3,812
up €3,812 (+3.7%), from €103,812 to €107,623
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.
Result 2024
€169,572
Gross operating margin
-€136,711
Depreciation
+€1,487
Other operating charges
-€17,174
Financial income
+€221,034
Financial charges
-€3,812
Taxes
-€95,503
Deferred taxes and other
+€30,189
Result 2025
€169,082
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.
From operations
+€402,728
Investment
-€3,832
Financing
-€291,678
Cash 2024
€105,755
From operations (derived)
+€402,728
Net result for the year
+€169,082
Depreciation
+€118,542
Receivables within one year
+€15,304
Deferred charges and accrued income
-€65,397
Provisions
-€2,028
Trade debts
+€101
Tax, wage and social debts
+€72,672
Other debts
+€88,902
Accrued charges and deferred income
+€5,550
Investment (derived)
-€3,832
Investment in fixed assets (net)
-€3,832
Financing
-€291,678
Debts after one year
-€298,292
Current portion of long-term debt
+€6,614
Cash 2025
€212,973
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,587,452 | €8,630,053 | +€42,601 | +0.5% |
| Fixed assets | 21/28 | €3,426,971 | €3,312,261 | -€114,710 | -3.3% |
| Tangible fixed assets | 22/27 | €3,426,845 | €3,312,135 | -€114,710 | -3.3% |
| Land and buildings | 22 | €3,426,845 | €3,312,135 | -€114,710 | -3.3% |
| Financial fixed assets | 28 | €126 | €126 | = | 0.0% |
| Current assets | 29/58 | €5,160,481 | €5,317,791 | +€157,311 | +3.0% |
| Amounts receivable after more than one year | 29 | €4,879,350 | €4,879,350 | = | 0.0% |
| Other amounts receivable | 291 | €4,879,350 | €4,879,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €45,110 | €29,806 | -€15,304 | -33.9% |
| Trade receivables | 40 | €21,780 | €29,806 | +€8,026 | +36.9% |
| Other amounts receivable | 41 | €23,330 | - | -€23,330 | |
| Cash at bank and in hand | 54/58 | €105,755 | €212,973 | +€107,218 | +101.4% |
| Deferred charges and accrued income | 490/1 | €130,265 | €195,662 | +€65,397 | +50.2% |
| Total equity and liabilities | 10/49 | €8,587,452 | €8,630,053 | +€42,601 | +0.5% |
| Equity | 10/15 | €5,762,317 | €5,931,400 | +€169,082 | +2.9% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €358,224 | €527,306 | +€169,082 | +47.2% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €215,903 | €209,821 | -€6,083 | -2.8% |
| Distributable reserves | 133 | €42,321 | €217,486 | +€175,165 | +413.9% |
| Profit (loss) carried forward | 14 | €4,404,093 | €4,404,093 | = | 0.0% |
| Provisions and deferred taxes | 16 | €100,229 | €98,202 | -€2,028 | -2.0% |
| Deferred taxes | 168 | €100,229 | €98,202 | -€2,028 | -2.0% |
| Amounts payable | 17/49 | €2,724,905 | €2,600,451 | -€124,454 | -4.6% |
| Amounts payable after more than one year | 17 | €1,334,094 | €1,035,801 | -€298,292 | -22.4% |
| Financial debts | 170/4 | €1,334,094 | €1,035,801 | -€298,292 | -22.4% |
| Amounts payable within one year | 42/48 | €1,339,706 | €1,507,995 | +€168,289 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €291,827 | €298,441 | +€6,614 | +2.3% |
| Trade debts | 44 | €1,311 | €1,412 | +€101 | +7.7% |
| Suppliers | 440/4 | €1,311 | €1,412 | +€101 | +7.7% |
| Taxes, remuneration and social security | 45 | €24,911 | €97,583 | +€72,672 | +291.7% |
| Taxes | 450/3 | €24,911 | €97,583 | +€72,672 | +291.7% |
| Other amounts payable | 47/48 | €1,021,657 | €1,110,559 | +€88,902 | +8.7% |
| Accrued charges and deferred income | 492/3 | €51,106 | €56,655 | +€5,550 | +10.9% |
| Non-recurring operating income | 76A | €136,727 | €1,506 | -€135,221 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,028 | €118,542 | -€1,487 | -1.2% |
| Other operating charges | 640/8 | €22,652 | €39,826 | +€17,174 | +75.8% |
| Gross operating margin | 9900 | €200,311 | €63,600 | -€136,711 | -68.2% |
| Operating profit (loss) | 9901 | €57,631 | -€94,768 | -€152,399 | |
| Financial income | 75/76B | €243,968 | €465,002 | +€221,034 | +90.6% |
| Recurring financial income | 75 | €243,968 | €465,002 | +€221,034 | +90.6% |
| Financial charges | 65/66B | €103,812 | €107,623 | +€3,812 | +3.7% |
| Recurring financial charges | 65 | €103,812 | €107,623 | +€3,812 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €197,787 | €262,611 | +€64,824 | +32.8% |
| Transfer from deferred taxes | 780 | €2,028 | €2,028 | = | 0.0% |
| Transfer to deferred taxes | 680 | €30,189 | - | -€30,189 | |
| Income taxes | 67/77 | €54 | €95,556 | +€95,503 | +178343.2% |
| Profit (loss) for the period | 9904 | €169,572 | €169,082 | -€490 | -0.3% |
| Transfer from tax-exempt reserves | 789 | €6,083 | €6,083 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €90,567 | - | -€90,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,088 | €175,165 | +€90,078 | +105.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.