MEVISO: 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.
MEVISO
Largest movements
- Cash +€52,903
up €52,903 (+73.7%), from €71,777 to €124,680
mainly Net result for the year (+€81,928) and Depreciation (+€14,792)
- Current investments +€20,000
up €20,000 (+20.0%), from €100,000 to €120,000
- Tangible fixed assets +€11,620
up €11,620 (+42.6%), from €27,263 to €38,883
of which Other tangible fixed assets: +€17,658
- Reserves +€81,128
up €81,128 (+49.2%), from €165,006 to €246,134
- Debts after one year -€6,882
down €6,882 (-32.4%), from €21,268 to €14,386
- Tax, wage and social debts +€4,707
up €4,707 (+10.0%), from €47,260 to €51,966
of which Taxes: +€4,728
- Depreciation +€5,701
up €5,701 (+62.7%), from €9,091 to €14,792
- Gross operating margin +€5,606
up €5,606 (+4.9%), from €113,387 to €118,992
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.
Derived cash bridge
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 | €245,959 | €328,265 | +€82,306 | +33.5% |
| Fixed assets | 21/28 | €27,303 | €38,923 | +€11,620 | +42.6% |
| Tangible fixed assets | 22/27 | €27,263 | €38,883 | +€11,620 | +42.6% |
| Plant, machinery and equipment | 23 | €1,838 | €393 | -€1,445 | -78.6% |
| Furniture and vehicles | 24 | €25,425 | €20,831 | -€4,593 | -18.1% |
| Other tangible fixed assets | 26 | - | €17,658 | +€17,658 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €218,656 | €289,342 | +€70,686 | +32.3% |
| Amounts receivable within one year | 40/41 | €45,010 | €44,186 | -€825 | -1.8% |
| Trade receivables | 40 | €45,010 | €44,186 | -€825 | -1.8% |
| Current investments | 50/53 | €100,000 | €120,000 | +€20,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €71,777 | €124,680 | +€52,903 | +73.7% |
| Deferred charges and accrued income | 490/1 | €1,869 | €477 | -€1,392 | -74.5% |
| Total equity and liabilities | 10/49 | €245,959 | €328,265 | +€82,306 | +33.5% |
| Equity | 10/15 | €166,006 | €247,134 | +€81,128 | +48.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €165,006 | €246,134 | +€81,128 | +49.2% |
| Distributable reserves | 133 | €165,006 | €246,134 | +€81,128 | +49.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,952 | €81,131 | +€1,178 | +1.5% |
| Amounts payable after more than one year | 17 | €21,268 | €14,386 | -€6,882 | -32.4% |
| Financial debts | 170/4 | €21,268 | €14,386 | -€6,882 | -32.4% |
| Amounts payable within one year | 42/48 | €58,684 | €66,744 | +€8,060 | +13.7% |
| Current portion of amounts payable after more than one year | 42 | €6,681 | €6,882 | +€200 | +3.0% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €931 | €3,282 | +€2,351 | +253% |
| Suppliers | 440/4 | €931 | €3,282 | +€2,351 | +253% |
| Taxes, remuneration and social security | 45 | €47,260 | €51,966 | +€4,707 | +10.0% |
| Taxes | 450/3 | €47,239 | €51,966 | +€4,728 | +10.0% |
| Remuneration and social security | 454/9 | €21 | €0 | -€21 | -100% |
| Other amounts payable | 47/48 | €3,813 | €4,606 | +€793 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,091 | €14,792 | +€5,701 | +62.7% |
| Other operating charges | 640/8 | €644 | €1,307 | +€663 | +103% |
| Gross operating margin | 9900 | €113,387 | €118,992 | +€5,606 | +4.9% |
| Operating profit (loss) | 9901 | €103,652 | €102,894 | -€759 | -0.7% |
| Financial income | 75/76B | €2,090 | €1,515 | -€575 | -27.5% |
| Recurring financial income | 75 | €2,090 | €1,515 | -€575 | -27.5% |
| Financial charges | 65/66B | €1,006 | €946 | -€60 | -6.0% |
| Recurring financial charges | 65 | €1,006 | €946 | -€60 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €104,736 | €103,463 | -€1,273 | -1.2% |
| Income taxes | 67/77 | €22,034 | €21,535 | -€499 | -2.3% |
| Profit (loss) for the period | 9904 | €82,703 | €81,928 | -€775 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,703 | €81,928 | -€775 | -0.9% |
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 15 October 2026 via checked.be.