MEVSCHO: 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.
MEVSCHO
Largest movements
- Cash +€33,865
up €33,865 (+893.8%), from €3,789 to €37,654
mainly Debts after one year (+€80,610) and Depreciation (+€77,450)
- Tangible fixed assets +€31,835
up €31,835 (+1.7%), from €1.9m to €1.9m
- Debts after one year +€80,610
up €80,610 (+4.5%), from €1.8m to €1.9m
of which Other amounts payable: +€135,000
- Investment grants +€55,094
new in 2025: €55,094
- Profit (loss) carried forward -€51,420
down €51,420 (-14.5%), from -€354,084 to -€405,504
- Trade debts -€21,554
down €21,554 (-38.3%), from €56,292 to €34,738
- Gross operating margin +€85,975
up €85,975, from -€37,670 to €48,305
- Depreciation +€28,077
up €28,077 (+56.9%), from €49,374 to €77,450
- Financial income +€2,900
new in 2025: €2,900
- Financial charges -€1,113
down €1,113 (-4.7%), from €23,897 to €22,784
- Other operating charges -€1,036
down €1,036 (-30.2%), from €3,425 to €2,390
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 | €1,865,170 | €1,932,451 | +€67,281 | +3.6% |
| Fixed assets | 21/28 | €1,858,884 | €1,890,719 | +€31,835 | +1.7% |
| Tangible fixed assets | 22/27 | €1,858,884 | €1,890,719 | +€31,835 | +1.7% |
| Land and buildings | 22 | €1,858,884 | €1,890,719 | +€31,835 | +1.7% |
| Current assets | 29/58 | €6,286 | €41,732 | +€35,446 | +563.9% |
| Amounts receivable within one year | 40/41 | - | €2,808 | +€2,808 | |
| Trade receivables | 40 | - | €2,808 | +€2,808 | |
| Cash at bank and in hand | 54/58 | €3,789 | €37,654 | +€33,865 | +893.8% |
| Deferred charges and accrued income | 490/1 | €2,497 | €1,270 | -€1,227 | -49.1% |
| Total equity and liabilities | 10/49 | €1,865,170 | €1,932,451 | +€67,281 | +3.6% |
| Equity | 10/15 | -€53,084 | -€49,410 | +€3,675 | +6.9% |
| Contributions | 10/11 | €301,000 | €301,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€354,084 | -€405,504 | -€51,420 | -14.5% |
| Investment grants | 15 | - | €55,094 | +€55,094 | |
| Amounts payable | 17/49 | €1,918,254 | €1,981,861 | +€63,606 | +3.3% |
| Amounts payable after more than one year | 17 | €1,807,572 | €1,888,182 | +€80,610 | +4.5% |
| Financial debts | 170/4 | €1,037,947 | €983,557 | -€54,390 | -5.2% |
| Other amounts payable | 178/9 | €769,625 | €904,625 | +€135,000 | +17.5% |
| Amounts payable within one year | 42/48 | €110,682 | €89,129 | -€21,554 | -19.5% |
| Current portion of amounts payable after more than one year | 42 | €54,390 | €54,390 | = | 0.0% |
| Trade debts | 44 | €56,292 | €34,738 | -€21,554 | -38.3% |
| Suppliers | 440/4 | €56,292 | €34,738 | -€21,554 | -38.3% |
| Accrued charges and deferred income | 492/3 | - | €4,550 | +€4,550 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,374 | €77,450 | +€28,077 | +56.9% |
| Other operating charges | 640/8 | €3,425 | €2,390 | -€1,036 | -30.2% |
| Gross operating margin | 9900 | -€37,670 | €48,305 | +€85,975 | |
| Operating profit (loss) | 9901 | -€90,470 | -€31,535 | +€58,934 | +65.1% |
| Financial income | 75/76B | - | €2,900 | +€2,900 | |
| Recurring financial income | 75 | - | €2,900 | +€2,900 | |
| Financial charges | 65/66B | €23,897 | €22,784 | -€1,113 | -4.7% |
| Recurring financial charges | 65 | €23,897 | €22,784 | -€1,113 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | -€114,366 | -€51,420 | +€62,947 | +55.0% |
| Profit (loss) for the period | 9904 | -€114,366 | -€51,420 | +€62,947 | +55.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€114,366 | -€51,420 | +€62,947 | +55.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.