MEVO: 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.
MEVO
Largest movements
- Tangible fixed assets +€159,316
up €159,316 (+48.0%), from €331,737 to €491,053
of which Furniture and vehicles: +€152,793
- Receivables within one year +€15,848
up €15,848 (+29.9%), from €53,025 to €68,873
of which Other amounts receivable: +€23,853
- Debts after one year +€58,594
up €58,594 (+23.4%), from €250,298 to €308,892
- Profit (loss) carried forward +€37,705
up €37,705 (+42.4%), from €88,835 to €126,539
- Current portion of long-term debt +€36,614
up €36,614 (+66.0%), from €55,459 to €92,073
- Short-term financial debts +€33,420
new in 2025: €33,420
- Trade debts +€14,127
up €14,127 (+24.9%), from €56,628 to €70,755
- Staff costs +€30,782
up €30,782 (+399.4%), from €7,707 to €38,488
- Depreciation +€19,712
up €19,712 (+78.0%), from €25,263 to €44,975
- Gross operating margin -€13,323
down €13,323 (-8.0%), from €166,061 to €152,738
- Taxes -€12,192
down €12,192 (-46.6%), from €26,138 to €13,946
- Financial charges +€4,197
up €4,197 (+38.7%), from €10,857 to €15,054
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 | €513,877 | €686,398 | +€172,521 | +33.6% |
| Fixed assets | 21/28 | €331,737 | €491,053 | +€159,316 | +48.0% |
| Tangible fixed assets | 22/27 | €331,737 | €491,053 | +€159,316 | +48.0% |
| Plant, machinery and equipment | 23 | - | €6,524 | +€6,524 | |
| Furniture and vehicles | 24 | €331,737 | €484,530 | +€152,793 | +46.1% |
| Current assets | 29/58 | €182,140 | €195,344 | +€13,205 | +7.2% |
| Amounts receivable within one year | 40/41 | €53,025 | €68,873 | +€15,848 | +29.9% |
| Trade receivables | 40 | €37,851 | €29,846 | -€8,005 | -21.1% |
| Other amounts receivable | 41 | €15,174 | €39,026 | +€23,853 | +157.2% |
| Cash at bank and in hand | 54/58 | €129,115 | €124,948 | -€4,167 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €1,523 | +€1,523 | |
| Total equity and liabilities | 10/49 | €513,877 | €686,398 | +€172,521 | +33.6% |
| Equity | 10/15 | €93,835 | €131,539 | +€37,705 | +40.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €88,835 | €126,539 | +€37,705 | +42.4% |
| Amounts payable | 17/49 | €420,042 | €554,858 | +€134,816 | +32.1% |
| Amounts payable after more than one year | 17 | €250,298 | €308,892 | +€58,594 | +23.4% |
| Financial debts | 170/4 | €250,298 | €308,892 | +€58,594 | +23.4% |
| Amounts payable within one year | 42/48 | €164,102 | €244,732 | +€80,630 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €55,459 | €92,073 | +€36,614 | +66.0% |
| Financial debts | 43 | - | €33,420 | +€33,420 | |
| Credit institutions | 430/8 | - | €33,420 | +€33,420 | |
| Trade debts | 44 | €56,628 | €70,755 | +€14,127 | +24.9% |
| Suppliers | 440/4 | €56,628 | €70,755 | +€14,127 | +24.9% |
| Taxes, remuneration and social security | 45 | €31,863 | €28,545 | -€3,318 | -10.4% |
| Taxes | 450/3 | €28,117 | €26,138 | -€1,978 | -7.0% |
| Remuneration and social security | 454/9 | €3,746 | €2,406 | -€1,340 | -35.8% |
| Other amounts payable | 47/48 | €20,153 | €19,939 | -€214 | -1.1% |
| Accrued charges and deferred income | 492/3 | €5,642 | €1,234 | -€4,408 | -78.1% |
| Non-recurring operating income | 76A | €739 | - | -€739 | |
| Remuneration, social security and pensions | 62 | €7,707 | €38,488 | +€30,782 | +399.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,263 | €44,975 | +€19,712 | +78.0% |
| Other operating charges | 640/8 | €672 | €2,771 | +€2,099 | +312.2% |
| Gross operating margin | 9900 | €166,061 | €152,738 | -€13,323 | -8.0% |
| Operating profit (loss) | 9901 | €132,419 | €66,503 | -€65,916 | -49.8% |
| Financial income | 75/76B | €0 | €203 | +€203 | +2025300.0% |
| Recurring financial income | 75 | €0 | €203 | +€203 | +2025300.0% |
| Financial charges | 65/66B | €10,857 | €15,054 | +€4,197 | +38.7% |
| Recurring financial charges | 65 | €10,857 | €15,054 | +€4,197 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | €121,561 | €51,651 | -€69,910 | -57.5% |
| Income taxes | 67/77 | €26,138 | €13,946 | -€12,192 | -46.6% |
| Profit (loss) for the period | 9904 | €95,423 | €37,705 | -€57,718 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €95,423 | €37,705 | -€57,718 | -60.5% |
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.