MEVO PROJECTS: 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.
MEVO PROJECTS
Largest movements
- Cash -€87,414
down €87,414 (-87.6%), from €99,814 to €12,401
mainly Current investments (-€74,997) and Trade debts (-€44,480)
- Current investments +€74,997
up €74,997 (+593%), from €12,655 to €87,652
- Stocks and contracts +€33,518
new in 2025: €33,518
- Receivables within one year -€15,609
down €15,609 (-11.5%), from €135,566 to €119,957
of which Trade receivables: -€21,406
- Tangible fixed assets -€13,681
down €13,681 (-4.1%), from €335,476 to €321,795
of which Land and buildings: -€20,256
- Trade debts -€44,480
down €44,480 (-74.9%), from €59,368 to €14,888
- Reserves +€16,794
up €16,794 (+10.3%), from €162,952 to €179,746
- Current portion of long-term debt +€8,557
up €8,557 (+28.7%), from €29,799 to €38,356
- Debts after one year +€8,454
up €8,454 (+3.1%), from €270,136 to €278,590
- Gross operating margin +€47,972
up €47,972 (+133%), from €36,010 to €83,982
- Depreciation +€18,247
up €18,247 (+68.5%), from €26,621 to €44,868
- Taxes +€5,776
up €5,776 (+3,965%), from €146 to €5,922
- Other operating charges -€5,566
down €5,566 (-49.1%), from €11,334 to €5,768
- Financial charges +€1,938
up €1,938 (+17.4%), from €11,125 to €13,063
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 | €586,813 | €580,507 | -€6,306 | -1.1% |
| Fixed assets | 21/28 | €335,809 | €322,128 | -€13,681 | -4.1% |
| Tangible fixed assets | 22/27 | €335,476 | €321,795 | -€13,681 | -4.1% |
| Land and buildings | 22 | €247,993 | €227,737 | -€20,256 | -8.2% |
| Plant, machinery and equipment | 23 | - | €1,713 | +€1,713 | |
| Furniture and vehicles | 24 | €48,379 | €30,874 | -€17,505 | -36.2% |
| Other tangible fixed assets | 26 | €39,104 | €61,471 | +€22,367 | +57.2% |
| Financial fixed assets | 28 | €333 | €333 | = | 0.0% |
| Current assets | 29/58 | €251,004 | €258,379 | +€7,375 | +2.9% |
| Stocks and contracts in progress | 3 | - | €33,518 | +€33,518 | |
| Stocks | 30/36 | - | €33,518 | +€33,518 | |
| Amounts receivable within one year | 40/41 | €135,566 | €119,957 | -€15,609 | -11.5% |
| Trade receivables | 40 | €61,604 | €40,198 | -€21,406 | -34.7% |
| Other amounts receivable | 41 | €73,962 | €79,760 | +€5,798 | +7.8% |
| Current investments | 50/53 | €12,655 | €87,652 | +€74,997 | +593% |
| Cash at bank and in hand | 54/58 | €99,814 | €12,401 | -€87,414 | -87.6% |
| Deferred charges and accrued income | 490/1 | €2,969 | €4,851 | +€1,882 | +63.4% |
| Total equity and liabilities | 10/49 | €586,813 | €580,507 | -€6,306 | -1.1% |
| Equity | 10/15 | €219,809 | €239,746 | +€19,936 | +9.1% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €162,952 | €179,746 | +€16,794 | +10.3% |
| Distributable reserves | 133 | €162,952 | €179,746 | +€16,794 | +10.3% |
| Profit (loss) carried forward | 14 | -€3,143 | - | +€3,143 | |
| Amounts payable | 17/49 | €367,004 | €340,762 | -€26,242 | -7.2% |
| Amounts payable after more than one year | 17 | €270,136 | €278,590 | +€8,454 | +3.1% |
| Financial debts | 170/4 | €270,136 | €278,590 | +€8,454 | +3.1% |
| Amounts payable within one year | 42/48 | €96,025 | €61,999 | -€34,026 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €29,799 | €38,356 | +€8,557 | +28.7% |
| Trade debts | 44 | €59,368 | €14,888 | -€44,480 | -74.9% |
| Suppliers | 440/4 | €59,368 | €14,888 | -€44,480 | -74.9% |
| Taxes, remuneration and social security | 45 | €6,857 | €8,755 | +€1,897 | +27.7% |
| Taxes | 450/3 | €4,977 | €6,772 | +€1,796 | +36.1% |
| Remuneration and social security | 454/9 | €1,881 | €1,983 | +€102 | +5.4% |
| Accrued charges and deferred income | 492/3 | €843 | €173 | -€670 | -79.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,621 | €44,868 | +€18,247 | +68.5% |
| Other operating charges | 640/8 | €11,334 | €5,768 | -€5,566 | -49.1% |
| Gross operating margin | 9900 | €36,010 | €83,982 | +€47,972 | +133% |
| Operating profit (loss) | 9901 | -€1,945 | €33,346 | +€35,292 | |
| Financial income | 75/76B | €4,073 | €5,575 | +€1,502 | +36.9% |
| Recurring financial income | 75 | €4,073 | €5,575 | +€1,502 | +36.9% |
| Financial charges | 65/66B | €11,125 | €13,063 | +€1,938 | +17.4% |
| Recurring financial charges | 65 | €11,125 | €13,063 | +€1,938 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,997 | €25,858 | +€34,855 | |
| Income taxes | 67/77 | €146 | €5,922 | +€5,776 | +3,965% |
| Profit (loss) for the period | 9904 | -€9,143 | €19,936 | +€29,079 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,143 | €19,936 | +€29,079 |
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 30 October 2026 via checked.be.