MEVERCO: 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.
MEVERCO
Largest movements
- Tangible fixed assets +€100,609
up €100,609 (+341.1%), from €29,496 to €130,105
of which Furniture and vehicles: +€107,727
- Receivables within one year +€22,591
up €22,591 (+913.5%), from €2,473 to €25,064
- Cash -€7,045
down €7,045 (-7.2%), from €97,734 to €90,690
mainly Investment in fixed assets (net) (-€121,663) and Receivables within one year (-€22,591)
- Debts after one year +€72,203
new in 2025: €72,203
- Reserves +€18,303
up €18,303 (+16.2%), from €113,031 to €131,334
of which Distributable reserves: +€18,303
- Current portion of long-term debt +€18,136
up €18,136 (+3200.6%), from €567 to €18,702
- Trade debts +€16,215
up €16,215 (+106.4%), from €15,240 to €31,455
- Tax, wage and social debts -€5,163
down €5,163 (-52.0%), from €9,928 to €4,765
of which Taxes: -€4,308
- Depreciation -€14,382
down €14,382 (-40.6%), from €35,436 to €21,054
- Gross operating margin -€12,362
down €12,362 (-10.5%), from €117,674 to €105,312
- Staff costs +€6,581
up €6,581 (+14.2%), from €46,409 to €52,990
- Other operating charges -€2,625
down €2,625 (-57.8%), from €4,539 to €1,913
- Financial charges +€2,145
up €2,145 (+855.4%), from €251 to €2,396
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 | €160,856 | €279,558 | +€118,702 | +73.8% |
| Fixed assets | 21/28 | €29,767 | €130,377 | +€100,609 | +338.0% |
| Tangible fixed assets | 22/27 | €29,496 | €130,105 | +€100,609 | +341.1% |
| Plant, machinery and equipment | 23 | €21,375 | €15,631 | -€5,744 | -26.9% |
| Furniture and vehicles | 24 | - | €107,727 | +€107,727 | |
| Other tangible fixed assets | 26 | €8,122 | €6,747 | -€1,375 | -16.9% |
| Financial fixed assets | 28 | €271 | €271 | = | 0.0% |
| Current assets | 29/58 | €131,089 | €149,182 | +€18,093 | +13.8% |
| Stocks and contracts in progress | 3 | €26,440 | €28,210 | +€1,770 | +6.7% |
| Stocks | 30/36 | €26,440 | €28,210 | +€1,770 | +6.7% |
| Amounts receivable within one year | 40/41 | €2,473 | €25,064 | +€22,591 | +913.5% |
| Other amounts receivable | 41 | €2,473 | €25,064 | +€22,591 | +913.5% |
| Cash at bank and in hand | 54/58 | €97,734 | €90,690 | -€7,045 | -7.2% |
| Deferred charges and accrued income | 490/1 | €4,441 | €5,218 | +€776 | +17.5% |
| Total equity and liabilities | 10/49 | €160,856 | €279,558 | +€118,702 | +73.8% |
| Equity | 10/15 | €131,121 | €149,934 | +€18,812 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,031 | €131,334 | +€18,303 | +16.2% |
| Tax-exempt reserves | 132 | €11,740 | €11,740 | = | 0.0% |
| Distributable reserves | 133 | €101,291 | €119,594 | +€18,303 | +18.1% |
| Profit (loss) carried forward | 14 | -€509 | - | +€509 | |
| Amounts payable | 17/49 | €29,735 | €129,625 | +€99,890 | +335.9% |
| Amounts payable after more than one year | 17 | - | €72,203 | +€72,203 | |
| Financial debts | 170/4 | - | €72,203 | +€72,203 | |
| Amounts payable within one year | 42/48 | €29,735 | €57,422 | +€27,687 | +93.1% |
| Current portion of amounts payable after more than one year | 42 | €567 | €18,702 | +€18,136 | +3200.6% |
| Trade debts | 44 | €15,240 | €31,455 | +€16,215 | +106.4% |
| Suppliers | 440/4 | €15,240 | €31,455 | +€16,215 | +106.4% |
| Taxes, remuneration and social security | 45 | €9,928 | €4,765 | -€5,163 | -52.0% |
| Taxes | 450/3 | €4,308 | - | -€4,308 | |
| Remuneration and social security | 454/9 | €5,620 | €4,765 | -€855 | -15.2% |
| Other amounts payable | 47/48 | €4,000 | €2,500 | -€1,500 | -37.5% |
| Non-recurring operating income | 76A | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €46,409 | €52,990 | +€6,581 | +14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,436 | €21,054 | -€14,382 | -40.6% |
| Other operating charges | 640/8 | €4,539 | €1,913 | -€2,625 | -57.8% |
| Gross operating margin | 9900 | €117,674 | €105,312 | -€12,362 | -10.5% |
| Operating profit (loss) | 9901 | €31,290 | €29,355 | -€1,935 | -6.2% |
| Financial income | 75/76B | €304 | €652 | +€348 | +114.3% |
| Recurring financial income | 75 | €304 | €652 | +€348 | +114.3% |
| Financial charges | 65/66B | €251 | €2,396 | +€2,145 | +855.4% |
| Recurring financial charges | 65 | €251 | €2,396 | +€2,145 | +855.4% |
| Profit (loss) for the period before taxes | 9903 | €31,344 | €27,612 | -€3,732 | -11.9% |
| Income taxes | 67/77 | €6,452 | €6,299 | -€153 | -2.4% |
| Profit (loss) for the period | 9904 | €24,891 | €21,312 | -€3,579 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,891 | €21,312 | -€3,579 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.