MEVANO: 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.
What changed
MEVANO
NACE 43.350, Other building finishing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€271,516
2024 · €170,099+€101,417
Equity
€1.5m
2024 · €1.2m+€271,516
Cash
€58,755
2024 · €86,348-€27,593
Balance sheet total
€3.9m
2024 · €4.0m-€146,912
Largest movements
Assets
- Receivables within one year -€221,562
down €221,562 (-19.3%), from €1.1m to €926,627
of which Trade receivables: -€257,016
- Stocks and contracts +€179,602
up €179,602 (+28.4%), from €631,905 to €811,508
of which Stocks: +€100,282
- Receivables after one year -€55,000
down €55,000 (-50.0%), from €110,000 to €55,000
Equity and liabilities
- Reserves +€271,516
up €271,516 (+24.2%), from €1.1m to €1.4m
of which Distributable reserves: +€282,085
- Other debts -€250,000
down €250,000 (-100%), from €250,000 to €0
- Trade debts -€228,677
down €228,677 (-52.3%), from €437,449 to €208,773
- Current portion of long-term debt +€83,319
up €83,319 (+29.3%), from €284,601 to €367,921
Income statement
- Gross operating margin +€302,961
up €302,961 (+15.4%), from €2.0m to €2.3m
- Depreciation +€94,321
up €94,321 (+25.5%), from €370,129 to €464,450
- Staff costs +€69,243
up €69,243 (+5.3%), from €1.3m to €1.4m
- Taxes +€25,555
up €25,555 (+38.3%), from €66,757 to €92,312
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
€170,099
Gross operating margin
+€302,961
Staff costs
-€69,243
Depreciation
-€94,321
Other operating charges
+€1,108
Financial income
-€10,498
Financial charges
-€3,035
Taxes
-€25,555
Result 2025
€271,516
raises the resultlowers the result
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.
From operations
+€369,224
Investment
-€439,891
Financing
+€43,075
Cash 2024
€86,348
From operations (derived)
+€369,224
Net result for the year
+€271,516
Depreciation
+€464,450
Receivables after one year
+€55,000
Stocks and contracts
-€179,602
Receivables within one year
+€221,562
Deferred charges and accrued income
-€2,199
Provisions
-€3,523
Trade debts
-€228,677
Tax, wage and social debts
+€26,672
Other debts
-€250,000
Accrued charges and deferred income
-€5,976
Investment (derived)
-€439,891
Investment in fixed assets (net)
-€439,891
Financing
+€43,075
Debts after one year
-€40,244
Current portion of long-term debt
+€83,319
Cash 2025
€58,755
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,030,992 | €3,884,080 | -€146,912 | -3.6% |
| Fixed assets | 21/28 | €2,041,527 | €2,016,969 | -€24,559 | -1.2% |
| Intangible fixed assets | 21 | €4,920 | €3,388 | -€1,532 | -31.1% |
| Tangible fixed assets | 22/27 | €2,036,607 | €2,013,581 | -€23,027 | -1.1% |
| Land and buildings | 22 | €899,666 | €834,763 | -€64,904 | -7.2% |
| Plant, machinery and equipment | 23 | €710,525 | €568,687 | -€141,838 | -20.0% |
| Furniture and vehicles | 24 | €25,190 | €20,662 | -€4,528 | -18.0% |
| Leasing and similar rights | 25 | €401,226 | €589,469 | +€188,243 | +46.9% |
| Current assets | 29/58 | €1,989,465 | €1,867,111 | -€122,353 | -6.2% |
| Amounts receivable after more than one year | 29 | €110,000 | €55,000 | -€55,000 | -50.0% |
| Other amounts receivable | 291 | €110,000 | €55,000 | -€55,000 | -50.0% |
| Stocks and contracts in progress | 3 | €631,905 | €811,508 | +€179,602 | +28.4% |
| Stocks | 30/36 | €271,004 | €371,286 | +€100,282 | +37.0% |
| Contracts in progress | 37 | €360,902 | €440,222 | +€79,320 | +22.0% |
| Amounts receivable within one year | 40/41 | €1,148,189 | €926,627 | -€221,562 | -19.3% |
| Trade receivables | 40 | €1,083,955 | €826,938 | -€257,016 | -23.7% |
| Other amounts receivable | 41 | €64,234 | €99,688 | +€35,454 | +55.2% |
| Cash at bank and in hand | 54/58 | €86,348 | €58,755 | -€27,593 | -32.0% |
| Deferred charges and accrued income | 490/1 | €13,023 | €15,222 | +€2,199 | +16.9% |
| Total equity and liabilities | 10/49 | €4,030,992 | €3,884,080 | -€146,912 | -3.6% |
| Equity | 10/15 | €1,222,377 | €1,493,893 | +€271,516 | +22.2% |
| Contributions | 10/11 | €98,800 | €98,800 | = | 0.0% |
| Reserves | 13 | €1,123,577 | €1,395,093 | +€271,516 | +24.2% |
| Tax-exempt reserves | 132 | €129,199 | €118,630 | -€10,569 | -8.2% |
| Distributable reserves | 133 | €994,378 | €1,276,463 | +€282,085 | +28.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €46,956 | €43,433 | -€3,523 | -7.5% |
| Deferred taxes | 168 | €46,956 | €43,433 | -€3,523 | -7.5% |
| Amounts payable | 17/49 | €2,761,659 | €2,346,754 | -€414,905 | -15.0% |
| Amounts payable after more than one year | 17 | €1,605,503 | €1,565,259 | -€40,244 | -2.5% |
| Financial debts | 170/4 | €1,605,503 | €1,565,259 | -€40,244 | -2.5% |
| Amounts payable within one year | 42/48 | €1,143,645 | €774,959 | -€368,685 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €284,601 | €367,921 | +€83,319 | +29.3% |
| Trade debts | 44 | €437,449 | €208,773 | -€228,677 | -52.3% |
| Suppliers | 440/4 | €437,449 | €208,773 | -€228,677 | -52.3% |
| Taxes, remuneration and social security | 45 | €171,594 | €198,266 | +€26,672 | +15.5% |
| Taxes | 450/3 | €53,093 | €43,990 | -€9,102 | -17.1% |
| Remuneration and social security | 454/9 | €118,501 | €154,276 | +€35,774 | +30.2% |
| Other amounts payable | 47/48 | €250,000 | €0 | -€250,000 | -100% |
| Accrued charges and deferred income | 492/3 | €12,512 | €6,536 | -€5,976 | -47.8% |
| Remuneration, social security and pensions | 62 | €1,304,846 | €1,374,089 | +€69,243 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €370,129 | €464,450 | +€94,321 | +25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €13,001 | €11,893 | -€1,108 | -8.5% |
| Gross operating margin | 9900 | €1,967,513 | €2,270,474 | +€302,961 | +15.4% |
| Operating profit (loss) | 9901 | €279,537 | €420,041 | +€140,505 | +50.3% |
| Financial income | 75/76B | €13,438 | €2,939 | -€10,498 | -78.1% |
| Recurring financial income | 75 | €13,438 | €2,939 | -€10,498 | -78.1% |
| Financial charges | 65/66B | €59,641 | €62,676 | +€3,035 | +5.1% |
| Recurring financial charges | 65 | €59,641 | €62,676 | +€3,035 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €233,333 | €360,305 | +€126,972 | +54.4% |
| Transfer from deferred taxes | 780 | €3,523 | €3,523 | = | 0.0% |
| Income taxes | 67/77 | €66,757 | €92,312 | +€25,555 | +38.3% |
| Profit (loss) for the period | 9904 | €170,099 | €271,516 | +€101,417 | +59.6% |
| Transfer from tax-exempt reserves | 789 | €10,569 | €10,569 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €180,669 | €282,085 | +€101,417 | +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 16 October 2026 via checked.be.