MEVI: 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.
MEVI
Largest movements
- Receivables after one year -€96,403
no longer reported in 2025 (was €96,403)
- Receivables within one year -€47,543
down €47,543 (-28.6%), from €166,246 to €118,703
of which Trade receivables: -€87,566
- Intangible fixed assets -€20,857
down €20,857 (-16.9%), from €123,371 to €102,514
- Tangible fixed assets -€20,376
down €20,376 (-16.0%), from €127,179 to €106,803
of which Plant, machinery and equipment: -€13,390
- Stocks and contracts +€13,516
up €13,516 (+29.9%), from €45,237 to €58,752
- Trade debts -€260,684
down €260,684 (-78.0%), from €334,198 to €73,514
- Tax, wage and social debts +€78,539
up €78,539 (+99.2%), from €79,172 to €157,712
of which Taxes: +€54,340
- Profit (loss) carried forward +€43,702
up €43,702 (+74.6%), from €58,580 to €102,281
- Accrued charges and deferred income -€30,311
no longer reported in 2025 (was €30,311)
- Gross operating margin +€281,951
up €281,951 (+70.3%), from €400,795 to €682,745
- Staff costs +€108,988
up €108,988 (+24.0%), from €454,419 to €563,407
- Taxes +€14,935
up €14,935, from -€1,467 to €13,468
- Financial income -€8,358
down €8,358 (-100.0%), from €8,358 to €0
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 | €570,460 | €401,707 | -€168,753 | -29.6% |
| Fixed assets | 21/28 | €250,550 | €209,317 | -€41,233 | -16.5% |
| Intangible fixed assets | 21 | €123,371 | €102,514 | -€20,857 | -16.9% |
| Tangible fixed assets | 22/27 | €127,179 | €106,803 | -€20,376 | -16.0% |
| Plant, machinery and equipment | 23 | €87,221 | €73,832 | -€13,390 | -15.4% |
| Furniture and vehicles | 24 | €478 | €424 | -€54 | -11.2% |
| Other tangible fixed assets | 26 | €39,480 | €32,548 | -€6,933 | -17.6% |
| Current assets | 29/58 | €319,910 | €192,390 | -€127,520 | -39.9% |
| Amounts receivable after more than one year | 29 | €96,403 | - | -€96,403 | |
| Other amounts receivable | 291 | €96,403 | - | -€96,403 | |
| Stocks and contracts in progress | 3 | €45,237 | €58,752 | +€13,516 | +29.9% |
| Stocks | 30/36 | €45,237 | €58,752 | +€13,516 | +29.9% |
| Amounts receivable within one year | 40/41 | €166,246 | €118,703 | -€47,543 | -28.6% |
| Trade receivables | 40 | €166,028 | €78,462 | -€87,566 | -52.7% |
| Other amounts receivable | 41 | €217 | €40,241 | +€40,024 | +18402.5% |
| Cash at bank and in hand | 54/58 | €12,025 | €14,934 | +€2,910 | +24.2% |
| Total equity and liabilities | 10/49 | €570,460 | €401,707 | -€168,753 | -29.6% |
| Equity | 10/15 | €126,780 | €170,481 | +€43,702 | +34.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,580 | €102,281 | +€43,702 | +74.6% |
| Amounts payable | 17/49 | €443,681 | €231,226 | -€212,455 | -47.9% |
| Amounts payable within one year | 42/48 | €413,370 | €231,226 | -€182,144 | -44.1% |
| Trade debts | 44 | €334,198 | €73,514 | -€260,684 | -78.0% |
| Suppliers | 440/4 | €334,198 | €73,514 | -€260,684 | -78.0% |
| Taxes, remuneration and social security | 45 | €79,172 | €157,712 | +€78,539 | +99.2% |
| Taxes | 450/3 | €2,281 | €56,621 | +€54,340 | +2382.6% |
| Remuneration and social security | 454/9 | €76,892 | €101,090 | +€24,199 | +31.5% |
| Accrued charges and deferred income | 492/3 | €30,311 | - | -€30,311 | |
| Non-recurring operating income | 76A | - | €21,250 | +€21,250 | |
| Remuneration, social security and pensions | 62 | €454,419 | €563,407 | +€108,988 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,038 | €54,471 | +€6,433 | +13.4% |
| Other operating charges | 640/8 | €6,178 | €6,100 | -€78 | -1.3% |
| Gross operating margin | 9900 | €400,795 | €682,745 | +€281,951 | +70.3% |
| Operating profit (loss) | 9901 | -€107,840 | €58,767 | +€166,607 | |
| Financial income | 75/76B | €8,358 | €0 | -€8,358 | -100.0% |
| Recurring financial income | 75 | €8,358 | €0 | -€8,358 | -100.0% |
| Financial charges | 65/66B | €243 | €1,598 | +€1,354 | +557.0% |
| Recurring financial charges | 65 | €243 | €1,598 | +€1,354 | +557.0% |
| Profit (loss) for the period before taxes | 9903 | -€99,725 | €57,170 | +€156,895 | |
| Income taxes | 67/77 | -€1,467 | €13,468 | +€14,935 | |
| Profit (loss) for the period | 9904 | -€98,258 | €43,702 | +€141,960 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,258 | €43,702 | +€141,960 |
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 10 October 2026 via checked.be.