Mevogra: 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.
Mevogra
Largest movements
- Current investments -€1.5m
down €1.5m (-100%), from €1.5m to €0
- Receivables within one year +€1.5m
up €1.5m (+229%), from €640,566 to €2.1m
of which Other amounts receivable: +€1.2m
- Cash +€1.1m
up €1.1m (+136%), from €824,274 to €1.9m
mainly Current investments (+€1.5m) and Net result for the year (+€1.0m)
- Tangible fixed assets +€91,249
up €91,249 (+14.5%), from €631,218 to €722,467
of which Other tangible fixed assets: +€49,094
- Reserves +€842,307
up €842,307 (+27.9%), from €3.0m to €3.9m
of which Distributable reserves: +€842,307
- Advances received +€472,822
new in 2025: €472,822
- Trade debts -€346,247
down €346,247 (-51.3%), from €674,662 to €328,415
- Other debts +€200,000
up €200,000, from €0 to €200,000
- Gross operating margin +€452,277
up €452,277 (+39.8%), from €1.1m to €1.6m
- Taxes +€92,241
up €92,241 (+47.4%), from €194,427 to €286,669
- Other operating charges -€28,307
down €28,307 (-66.7%), from €42,408 to €14,101
- Write-downs +€26,256
up €26,256, from -€24,536 to €1,720
- Staff costs -€25,330
down €25,330 (-18.3%), from €138,391 to €113,061
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 | €4,073,458 | €5,256,775 | +€1.2m | +29.0% |
| Fixed assets | 21/28 | €633,019 | €724,355 | +€91,337 | +14.4% |
| Tangible fixed assets | 22/27 | €631,218 | €722,467 | +€91,249 | +14.5% |
| Land and buildings | 22 | €179,967 | €166,230 | -€13,737 | -7.6% |
| Plant, machinery and equipment | 23 | €25,869 | €56,833 | +€30,965 | +120% |
| Furniture and vehicles | 24 | €347,956 | €372,883 | +€24,927 | +7.2% |
| Other tangible fixed assets | 26 | €77,426 | €126,520 | +€49,094 | +63.4% |
| Financial fixed assets | 28 | €1,801 | €1,889 | +€88 | +4.9% |
| Current assets | 29/58 | €3,440,439 | €4,532,419 | +€1.1m | +31.7% |
| Stocks and contracts in progress | 3 | €475,600 | €477,158 | +€1,558 | +0.3% |
| Stocks | 30/36 | €475,600 | €477,158 | +€1,558 | +0.3% |
| Amounts receivable within one year | 40/41 | €640,566 | €2,109,149 | +€1.5m | +229% |
| Trade receivables | 40 | €585,746 | €856,915 | +€271,169 | +46.3% |
| Other amounts receivable | 41 | €54,820 | €1,252,234 | +€1.2m | +2,184% |
| Current investments | 50/53 | €1,500,000 | €0 | -€1.5m | -100% |
| Cash at bank and in hand | 54/58 | €824,274 | €1,946,112 | +€1.1m | +136% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €4,073,458 | €5,256,775 | +€1.2m | +29.0% |
| Equity | 10/15 | €3,085,096 | €3,927,403 | +€842,307 | +27.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,023,096 | €3,865,403 | +€842,307 | +27.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €34,365 | €34,365 | = | 0.0% |
| Distributable reserves | 133 | €2,988,731 | €3,831,038 | +€842,307 | +28.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €299,807 | €299,807 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €288,600 | €288,600 | = | 0.0% |
| Environmental obligations | 163 | €288,600 | €288,600 | = | 0.0% |
| Deferred taxes | 168 | €11,207 | €11,207 | = | 0.0% |
| Amounts payable | 17/49 | €688,555 | €1,029,564 | +€341,009 | +49.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €688,555 | €1,029,564 | +€341,009 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €746 | €0 | -€746 | -100% |
| Trade debts | 44 | €674,662 | €328,415 | -€346,247 | -51.3% |
| Suppliers | 440/4 | €674,662 | €328,415 | -€346,247 | -51.3% |
| Advances received on contracts in progress | 46 | - | €472,822 | +€472,822 | |
| Taxes, remuneration and social security | 45 | €13,148 | €28,327 | +€15,180 | +115% |
| Taxes | 450/3 | €0 | €19,895 | +€19,895 | |
| Remuneration and social security | 454/9 | €13,148 | €8,432 | -€4,715 | -35.9% |
| Other amounts payable | 47/48 | €0 | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €138,391 | €113,061 | -€25,330 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,984 | €122,509 | -€19,475 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€24,536 | €1,720 | +€26,256 | |
| Other operating charges | 640/8 | €42,408 | €14,101 | -€28,307 | -66.7% |
| Non-recurring operating charges | 66A | €116,113 | €35,157 | -€80,956 | -69.7% |
| Gross operating margin | 9900 | €1,136,929 | €1,589,206 | +€452,277 | +39.8% |
| Operating profit (loss) | 9901 | €722,568 | €1,302,657 | +€580,089 | +80.3% |
| Financial income | 75/76B | €26,460 | €46,115 | +€19,656 | +74.3% |
| Recurring financial income | 75 | €26,460 | €46,115 | +€19,656 | +74.3% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,247 | €19,796 | +€16,550 | +510% |
| Recurring financial charges | 65 | €3,247 | €19,796 | +€16,550 | +510% |
| Profit (loss) for the period before taxes | 9903 | €745,781 | €1,328,976 | +€583,195 | +78.2% |
| Income taxes | 67/77 | €194,427 | €286,669 | +€92,241 | +47.4% |
| Profit (loss) for the period | 9904 | €551,354 | €1,042,307 | +€490,953 | +89.0% |
| Profit (loss) for the period to be appropriated | 9905 | €551,354 | €1,042,307 | +€490,953 | +89.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.