MEVANDO: 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.
MEVANDO
Largest movements
- Cash +€56,990
up €56,990 (+116%), from €49,069 to €106,059
mainly Net result for the year (+€122,430) and Other debts (+€108,704)
- Tangible fixed assets +€10,163
up €10,163 (+18.6%), from €54,686 to €64,849
of which Furniture and vehicles: +€11,669
- Receivables within one year +€3,414
up €3,414 (+10.2%), from €33,390 to €36,804
of which Other amounts receivable: +€1,801
- Other debts +€108,704
up €108,704 (+465%), from €23,354 to €132,058
- Reserves -€56,001
down €56,001 (-69.7%), from €80,291 to €24,290
- Tax, wage and social debts +€8,525
up €8,525 (+58.0%), from €14,698 to €23,222
- Trade debts +€7,856
up €7,856 (+1,048%), from €749 to €8,605
- Gross operating margin +€63,419
up €63,419 (+53.5%), from €118,487 to €181,906
- Taxes +€15,728
up €15,728 (+70.0%), from €22,471 to €38,199
- Depreciation +€1,897
up €1,897 (+12.5%), from €15,187 to €17,084
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 | €139,334 | €209,596 | +€70,263 | +50.4% |
| Fixed assets | 21/28 | €54,686 | €64,849 | +€10,163 | +18.6% |
| Tangible fixed assets | 22/27 | €54,686 | €64,849 | +€10,163 | +18.6% |
| Plant, machinery and equipment | 23 | €1,483 | €634 | -€849 | -57.3% |
| Furniture and vehicles | 24 | €49,499 | €61,168 | +€11,669 | +23.6% |
| Other tangible fixed assets | 26 | €3,703 | €3,047 | -€657 | -17.7% |
| Current assets | 29/58 | €84,647 | €144,747 | +€60,100 | +71.0% |
| Amounts receivable within one year | 40/41 | €33,390 | €36,804 | +€3,414 | +10.2% |
| Trade receivables | 40 | €33,390 | €35,003 | +€1,613 | +4.8% |
| Other amounts receivable | 41 | - | €1,801 | +€1,801 | |
| Cash at bank and in hand | 54/58 | €49,069 | €106,059 | +€56,990 | +116% |
| Deferred charges and accrued income | 490/1 | €2,189 | €1,885 | -€303 | -13.9% |
| Total equity and liabilities | 10/49 | €139,334 | €209,596 | +€70,263 | +50.4% |
| Equity | 10/15 | €98,891 | €42,890 | -€56,001 | -56.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,291 | €24,290 | -€56,001 | -69.7% |
| Distributable reserves | 133 | €80,291 | €24,290 | -€56,001 | -69.7% |
| Amounts payable | 17/49 | €40,442 | €166,706 | +€126,263 | +312% |
| Amounts payable within one year | 42/48 | €38,801 | €163,886 | +€125,084 | +322% |
| Trade debts | 44 | €749 | €8,605 | +€7,856 | +1,048% |
| Suppliers | 440/4 | €749 | €8,605 | +€7,856 | +1,048% |
| Taxes, remuneration and social security | 45 | €14,698 | €23,222 | +€8,525 | +58.0% |
| Taxes | 450/3 | €14,698 | €23,222 | +€8,525 | +58.0% |
| Other amounts payable | 47/48 | €23,354 | €132,058 | +€108,704 | +465% |
| Accrued charges and deferred income | 492/3 | €1,641 | €2,820 | +€1,179 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,187 | €17,084 | +€1,897 | +12.5% |
| Other operating charges | 640/8 | €640 | €1,212 | +€572 | +89.5% |
| Gross operating margin | 9900 | €118,487 | €181,906 | +€63,419 | +53.5% |
| Operating profit (loss) | 9901 | €102,660 | €163,610 | +€60,950 | +59.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,758 | €2,981 | +€1,222 | +69.5% |
| Recurring financial charges | 65 | €1,758 | €2,981 | +€1,222 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €100,902 | €160,629 | +€59,727 | +59.2% |
| Income taxes | 67/77 | €22,471 | €38,199 | +€15,728 | +70.0% |
| Profit (loss) for the period | 9904 | €78,431 | €122,430 | +€43,999 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,431 | €122,430 | +€43,999 | +56.1% |
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 14 October 2026 via checked.be.