MEVEC: 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.
MEVEC
Largest movements
- Receivables within one year -€11,186
down €11,186 (-16.3%), from €68,595 to €57,408
of which Other amounts receivable: -€15,778
- Deferred charges and accrued income -€7,369
down €7,369 (-25.8%), from €28,554 to €21,185
- Intangible fixed assets -€2,900
down €2,900 (-10.8%), from €26,815 to €23,915
- Trade debts -€24,730
no longer reported in 2025 (was €24,730)
- Other debts +€5,600
up €5,600 (+14.2%), from €39,555 to €45,155
- Tax, wage and social debts -€3,296
down €3,296 (-21.8%), from €15,087 to €11,792
- Gross operating margin -€5,909
down €5,909 (-52.6%), from €11,230 to €5,321
- Taxes -€2,100
down €2,100 (-97.8%), from €2,146 to €46
- Other operating charges +€968
up €968 (+180.7%), from €536 to €1,504
- Depreciation +€642
up €642 (+24.4%), from €2,625 to €3,267
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 | €124,770 | €102,520 | -€22,249 | -17.8% |
| Fixed assets | 21/28 | €27,182 | €23,915 | -€3,267 | -12.0% |
| Intangible fixed assets | 21 | €26,815 | €23,915 | -€2,900 | -10.8% |
| Tangible fixed assets | 22/27 | €367 | €0 | -€367 | -100.0% |
| Furniture and vehicles | 24 | €367 | €0 | -€367 | -100.0% |
| Current assets | 29/58 | €97,588 | €78,605 | -€18,982 | -19.5% |
| Amounts receivable within one year | 40/41 | €68,595 | €57,408 | -€11,186 | -16.3% |
| Trade receivables | 40 | €6,258 | €10,850 | +€4,592 | +73.4% |
| Other amounts receivable | 41 | €62,336 | €46,558 | -€15,778 | -25.3% |
| Cash at bank and in hand | 54/58 | €439 | €12 | -€427 | -97.3% |
| Deferred charges and accrued income | 490/1 | €28,554 | €21,185 | -€7,369 | -25.8% |
| Total equity and liabilities | 10/49 | €124,770 | €102,520 | -€22,249 | -17.8% |
| Equity | 10/15 | €24,311 | €24,438 | +€127 | +0.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €22,311 | €22,438 | +€127 | +0.6% |
| Distributable reserves | 133 | €22,311 | €22,438 | +€127 | +0.6% |
| Amounts payable | 17/49 | €100,459 | €78,082 | -€22,377 | -22.3% |
| Amounts payable within one year | 42/48 | €79,373 | €56,947 | -€22,426 | -28.3% |
| Trade debts | 44 | €24,730 | - | -€24,730 | |
| Suppliers | 440/4 | €24,730 | - | -€24,730 | |
| Taxes, remuneration and social security | 45 | €15,087 | €11,792 | -€3,296 | -21.8% |
| Taxes | 450/3 | €15,087 | €11,792 | -€3,296 | -21.8% |
| Other amounts payable | 47/48 | €39,555 | €45,155 | +€5,600 | +14.2% |
| Accrued charges and deferred income | 492/3 | €21,086 | €21,136 | +€49 | +0.2% |
| Remuneration, social security and pensions | 62 | - | €27 | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,625 | €3,267 | +€642 | +24.4% |
| Other operating charges | 640/8 | €536 | €1,504 | +€968 | +180.7% |
| Gross operating margin | 9900 | €11,230 | €5,321 | -€5,909 | -52.6% |
| Operating profit (loss) | 9901 | €8,069 | €522 | -€7,547 | -93.5% |
| Financial income | 75/76B | €110 | - | -€110 | |
| Recurring financial income | 75 | €110 | - | -€110 | |
| Financial charges | 65/66B | €303 | €349 | +€46 | +15.1% |
| Recurring financial charges | 65 | €303 | €349 | +€46 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €7,876 | €174 | -€7,703 | -97.8% |
| Income taxes | 67/77 | €2,146 | €46 | -€2,100 | -97.8% |
| Profit (loss) for the period | 9904 | €5,730 | €127 | -€5,603 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,730 | €127 | -€5,603 | -97.8% |
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.