MEVERWA: 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.
MEVERWA
Largest movements
- Cash +€1.5m
up €1.5m (+23.4%), from €6.5m to €8.0m
mainly Net result for the year (+€1.4m) and Depreciation (+€99,162)
- Profit (loss) carried forward +€1.4m
up €1.4m (+16.7%), from €8.4m to €9.8m
- Gross operating margin -€380,851
down €380,851 (-16.9%), from €2.2m to €1.9m
- Taxes -€132,413
down €132,413 (-21.8%), from €606,031 to €473,618
- Financial income -€131,807
down €131,807 (-46.6%), from €282,959 to €151,152
of which Non-recurring financial income: -€103,470
- Financial charges +€71,286
up €71,286, from -€68,085 to €3,202
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 | €9,921,882 | €11,356,771 | +€1.4m | +14.5% |
| Fixed assets | 21/28 | €2,995,164 | €2,896,002 | -€99,162 | -3.3% |
| Tangible fixed assets | 22/27 | €2,155,220 | €2,056,058 | -€99,162 | -4.6% |
| Land and buildings | 22 | €2,155,220 | €2,056,058 | -€99,162 | -4.6% |
| Financial fixed assets | 28 | €839,944 | €839,944 | = | 0.0% |
| Current assets | 29/58 | €6,926,717 | €8,460,769 | +€1.5m | +22.1% |
| Amounts receivable within one year | 40/41 | €29 | €24,000 | +€23,971 | +82091.8% |
| Trade receivables | 40 | €29 | €24,000 | +€23,971 | +82091.8% |
| Current investments | 50/53 | €462,726 | €462,726 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,458,386 | €7,971,129 | +€1.5m | +23.4% |
| Deferred charges and accrued income | 490/1 | €5,576 | €2,913 | -€2,663 | -47.8% |
| Total equity and liabilities | 10/49 | €9,921,882 | €11,356,771 | +€1.4m | +14.5% |
| Equity | 10/15 | €9,817,401 | €11,226,536 | +€1.4m | +14.4% |
| Contributions | 10/11 | €1,257,500 | €1,257,500 | = | 0.0% |
| Capital | 10 | €1,257,500 | €1,257,500 | = | 0.0% |
| Issued capital | 100 | €1,257,500 | €1,257,500 | = | 0.0% |
| Reserves | 13 | €125,750 | €125,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,750 | €125,750 | = | 0.0% |
| Legal reserve | 130 | €125,750 | €125,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,434,151 | €9,843,286 | +€1.4m | +16.7% |
| Amounts payable | 17/49 | €104,481 | €130,235 | +€25,754 | +24.6% |
| Amounts payable within one year | 42/48 | €104,481 | €130,235 | +€25,754 | +24.6% |
| Advances received on contracts in progress | 46 | €10,115 | €9,475 | -€640 | -6.3% |
| Taxes, remuneration and social security | 45 | €59,180 | €86,472 | +€27,292 | +46.1% |
| Taxes | 450/3 | €59,180 | €86,472 | +€27,292 | +46.1% |
| Other amounts payable | 47/48 | €35,186 | €34,288 | -€898 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,218 | €99,162 | -€6,056 | -5.8% |
| Other operating charges | 640/8 | €32,266 | €33,887 | +€1,621 | +5.0% |
| Gross operating margin | 9900 | €2,248,703 | €1,867,852 | -€380,851 | -16.9% |
| Operating profit (loss) | 9901 | €2,111,218 | €1,734,803 | -€376,416 | -17.8% |
| Financial income | 75/76B | €282,959 | €151,152 | -€131,807 | -46.6% |
| Recurring financial income | 75 | €179,489 | €151,152 | -€28,337 | -15.8% |
| Non-recurring financial income | 76B | €103,470 | - | -€103,470 | |
| Financial charges | 65/66B | -€68,085 | €3,202 | +€71,286 | |
| Recurring financial charges | 65 | -€68,085 | €3,202 | +€71,286 | |
| Profit (loss) for the period before taxes | 9903 | €2,462,262 | €1,882,753 | -€579,509 | -23.5% |
| Income taxes | 67/77 | €606,031 | €473,618 | -€132,413 | -21.8% |
| Profit (loss) for the period | 9904 | €1,856,232 | €1,409,135 | -€447,096 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,856,232 | €1,409,135 | -€447,096 | -24.1% |
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 6 October 2026 via checked.be.