MEVECON: 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.
MEVECON
Largest movements
- Receivables within one year +€41,020
up €41,020 (+34.3%), from €119,690 to €160,710
of which Other amounts receivable: +€39,879
- Deferred charges and accrued income -€6,782
down €6,782 (-73.8%), from €9,190 to €2,408
- Tax, wage and social debts +€39,479
up €39,479 (+152.8%), from €25,831 to €65,310
of which Remuneration and social security: +€20,630
- Reserves -€36,851
down €36,851 (-23.8%), from €155,137 to €118,286
- Short-term financial debts +€30,000
new in 2025: €30,000
- Other debts +€8,014
up €8,014 (+4.9%), from €163,247 to €171,262
- Debts after one year -€6,437
down €6,437 (-27.0%), from €23,881 to €17,444
- Staff costs +€21,507
up €21,507 (+51.4%), from €41,876 to €63,383
- Gross operating margin +€21,079
up €21,079 (+43.2%), from €48,765 to €69,844
- Financial charges +€16,200
up €16,200 (+532.9%), from €3,040 to €19,240
- Taxes -€3,956
down €3,956 (-92.4%), from €4,282 to €326
- Financial income +€1,529
up €1,529 (+21.5%), from €7,104 to €8,633
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 | €468,856 | €501,186 | +€32,330 | +6.9% |
| Fixed assets | 21/28 | €337,347 | €336,954 | -€393 | -0.1% |
| Tangible fixed assets | 22/27 | €5,307 | €4,914 | -€393 | -7.4% |
| Plant, machinery and equipment | 23 | - | €1,902 | +€1,902 | |
| Furniture and vehicles | 24 | €5,307 | €3,012 | -€2,295 | -43.3% |
| Financial fixed assets | 28 | €332,040 | €332,040 | = | 0.0% |
| Current assets | 29/58 | €131,509 | €164,232 | +€32,723 | +24.9% |
| Amounts receivable within one year | 40/41 | €119,690 | €160,710 | +€41,020 | +34.3% |
| Trade receivables | 40 | €34,128 | €35,270 | +€1,141 | +3.3% |
| Other amounts receivable | 41 | €85,561 | €125,440 | +€39,879 | +46.6% |
| Cash at bank and in hand | 54/58 | €2,629 | €1,114 | -€1,516 | -57.6% |
| Deferred charges and accrued income | 490/1 | €9,190 | €2,408 | -€6,782 | -73.8% |
| Total equity and liabilities | 10/49 | €468,856 | €501,186 | +€32,330 | +6.9% |
| Equity | 10/15 | €243,487 | €206,636 | -€36,851 | -15.1% |
| Contributions | 10/11 | €88,350 | €88,350 | = | 0.0% |
| Reserves | 13 | €155,137 | €118,286 | -€36,851 | -23.8% |
| Distributable reserves | 133 | €155,137 | €118,286 | -€36,851 | -23.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,369 | €294,549 | +€69,180 | +30.7% |
| Amounts payable after more than one year | 17 | €23,881 | €17,444 | -€6,437 | -27.0% |
| Financial debts | 170/4 | €23,881 | €17,444 | -€6,437 | -27.0% |
| Amounts payable within one year | 42/48 | €201,488 | €275,662 | +€74,174 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €6,148 | €6,437 | +€288 | +4.7% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Trade debts | 44 | €6,261 | €2,653 | -€3,608 | -57.6% |
| Suppliers | 440/4 | €6,261 | €2,653 | -€3,608 | -57.6% |
| Taxes, remuneration and social security | 45 | €25,831 | €65,310 | +€39,479 | +152.8% |
| Taxes | 450/3 | €21,908 | €40,757 | +€18,849 | +86.0% |
| Remuneration and social security | 454/9 | €3,923 | €24,553 | +€20,630 | +525.8% |
| Other amounts payable | 47/48 | €163,247 | €171,262 | +€8,014 | +4.9% |
| Accrued charges and deferred income | 492/3 | €0 | €1,443 | +€1,443 | |
| Non-recurring operating income | 76A | €4,800 | €0 | -€4,800 | -100.0% |
| Remuneration, social security and pensions | 62 | €41,876 | €63,383 | +€21,507 | +51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €2,763 | +€468 | +20.4% |
| Other operating charges | 640/8 | €2,040 | €1,711 | -€330 | -16.2% |
| Gross operating margin | 9900 | €48,765 | €69,844 | +€21,079 | +43.2% |
| Operating profit (loss) | 9901 | €2,554 | €1,987 | -€567 | -22.2% |
| Financial income | 75/76B | €7,104 | €8,633 | +€1,529 | +21.5% |
| Recurring financial income | 75 | €7,104 | €8,633 | +€1,529 | +21.5% |
| Financial charges | 65/66B | €3,040 | €19,240 | +€16,200 | +532.9% |
| Recurring financial charges | 65 | €3,040 | €19,240 | +€16,200 | +532.9% |
| Profit (loss) for the period before taxes | 9903 | €6,617 | -€8,620 | -€15,237 | |
| Income taxes | 67/77 | €4,282 | €326 | -€3,956 | -92.4% |
| Profit (loss) for the period | 9904 | €2,336 | -€8,946 | -€11,281 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,336 | -€8,946 | -€11,281 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.