MEVI: 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.
MEVI
Largest movements
- Tangible fixed assets -€101,073
down €101,073 (-10.1%), from €1.0m to €900,211
- Cash -€45,500
down €45,500 (-83.3%), from €54,590 to €9,091
mainly Net result for the year (-€132,529) and Debts after one year (-€52,424)
- Profit (loss) carried forward -€132,529
down €132,529 (-16.4%), from -€809,274 to -€941,803
- Debts after one year -€52,424
down €52,424 (-2.6%), from €2.0m to €2.0m
- Other debts +€30,218
up €30,218 (+4.0%), from €749,967 to €780,185
- Turnover -€53,459
down €53,459 (-85.4%), from €62,629 to €9,170
- Goods and materials -€50,103
no longer reported in 2025 (was €50,103)
- Services and other goods +€22,040
up €22,040 (+24.5%), from €89,840 to €111,880
- Other operating income -€18,384
down €18,384 (-17.0%), from €108,393 to €90,010
- Depreciation -€4,699
down €4,699 (-4.4%), from €105,772 to €101,073
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 | €2,726,958 | €2,580,385 | -€146,573 | -5.4% |
| Fixed assets | 21/28 | €1,001,284 | €900,211 | -€101,073 | -10.1% |
| Tangible fixed assets | 22/27 | €1,001,284 | €900,211 | -€101,073 | -10.1% |
| Land and buildings | 22 | €1,001,284 | €900,211 | -€101,073 | -10.1% |
| Current assets | 29/58 | €1,725,674 | €1,680,174 | -€45,500 | -2.6% |
| Stocks and contracts in progress | 3 | €1,671,083 | €1,671,083 | = | 0.0% |
| Stocks | 30/36 | €1,671,083 | €1,671,083 | = | 0.0% |
| Property held for sale | 35 | €1,671,083 | €1,671,083 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,590 | €9,091 | -€45,500 | -83.3% |
| Total equity and liabilities | 10/49 | €2,726,958 | €2,580,385 | -€146,573 | -5.4% |
| Equity | 10/15 | -€140,417 | -€272,946 | -€132,529 | -94.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €637,870 | €637,870 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €634,772 | €634,772 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€809,274 | -€941,803 | -€132,529 | -16.4% |
| Amounts payable | 17/49 | €2,867,375 | €2,853,331 | -€14,044 | -0.5% |
| Amounts payable after more than one year | 17 | €2,043,155 | €1,990,731 | -€52,424 | -2.6% |
| Financial debts | 170/4 | €2,043,155 | €1,990,731 | -€52,424 | -2.6% |
| Credit institutions | 173 | €281,137 | €228,713 | -€52,424 | -18.6% |
| Other loans | 174 | €1,762,018 | €1,762,018 | = | 0.0% |
| Amounts payable within one year | 42/48 | €824,220 | €862,599 | +€38,380 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €50,197 | €52,424 | +€2,227 | +4.4% |
| Trade debts | 44 | €20,286 | €26,178 | +€5,892 | +29.0% |
| Suppliers | 440/4 | €20,286 | €26,178 | +€5,892 | +29.0% |
| Taxes, remuneration and social security | 45 | €3,769 | €3,812 | +€43 | +1.1% |
| Taxes | 450/3 | €3,769 | €3,812 | +€43 | +1.1% |
| Other amounts payable | 47/48 | €749,967 | €780,185 | +€30,218 | +4.0% |
| Operating income | 70/76A | €171,022 | €99,179 | -€71,843 | -42.0% |
| Turnover | 70 | €62,629 | €9,170 | -€53,459 | -85.4% |
| Other operating income | 74 | €108,393 | €90,010 | -€18,384 | -17.0% |
| Operating charges | 60/66A | €252,584 | €216,165 | -€36,419 | -14.4% |
| Goods for resale, raw materials and consumables | 60 | €50,103 | - | -€50,103 | |
| Change in stocks: decrease (increase) | 609 | €50,103 | - | -€50,103 | |
| Services and other goods | 61 | €89,840 | €111,880 | +€22,040 | +24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,772 | €101,073 | -€4,699 | -4.4% |
| Other operating charges | 640/8 | €6,869 | €3,211 | -€3,658 | -53.2% |
| Operating profit (loss) | 9901 | -€81,562 | -€116,986 | -€35,424 | -43.4% |
| Financial charges | 65/66B | €15,839 | €13,686 | -€2,153 | -13.6% |
| Recurring financial charges | 65 | €15,839 | €13,686 | -€2,153 | -13.6% |
| Debt charges | 650 | €15,839 | €13,686 | -€2,153 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€97,401 | -€130,672 | -€33,271 | -34.2% |
| Income taxes | 67/77 | €1,926 | €1,856 | -€70 | -3.6% |
| Taxes | 670/3 | €1,926 | €1,856 | -€70 | -3.6% |
| Profit (loss) for the period | 9904 | -€99,327 | -€132,529 | -€33,201 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€99,327 | -€132,529 | -€33,201 | -33.4% |
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 30 September 2026 via checked.be.