MEWI: 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.
MEWI
Largest movements
- Stocks and contracts +€25,099
up €25,099 (+9.0%), from €279,303 to €304,402
- Cash +€16,061
up €16,061 (+31.3%), from €51,250 to €67,311
mainly Net result for the year (+€37,767) and Receivables within one year (+€12,765)
- Receivables within one year -€12,765
down €12,765 (-27.9%), from €45,744 to €32,980
of which Trade receivables: -€8,905
- Tangible fixed assets -€6,302
down €6,302 (-18.4%), from €34,339 to €28,036
- Reserves +€37,767
up €37,767 (+25.8%), from €146,574 to €184,341
of which Distributable reserves: +€37,767
- Other debts -€16,256
down €16,256 (-9.8%), from €166,247 to €149,991
- Gross operating margin +€11,322
up €11,322 (+23.6%), from €47,884 to €59,206
- Taxes +€4,089
up €4,089 (+27.2%), from €15,055 to €19,144
- Financial income +€940
up €940 (+15.6%), from €6,007 to €6,947
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 | €410,636 | €432,730 | +€22,093 | +5.4% |
| Fixed assets | 21/28 | €34,339 | €28,036 | -€6,302 | -18.4% |
| Tangible fixed assets | 22/27 | €34,339 | €28,036 | -€6,302 | -18.4% |
| Land and buildings | 22 | €34,339 | €28,036 | -€6,302 | -18.4% |
| Current assets | 29/58 | €376,298 | €404,693 | +€28,395 | +7.5% |
| Stocks and contracts in progress | 3 | €279,303 | €304,402 | +€25,099 | +9.0% |
| Stocks | 30/36 | €279,303 | €304,402 | +€25,099 | +9.0% |
| Amounts receivable within one year | 40/41 | €45,744 | €32,980 | -€12,765 | -27.9% |
| Trade receivables | 40 | €41,028 | €32,124 | -€8,905 | -21.7% |
| Other amounts receivable | 41 | €4,716 | €856 | -€3,860 | -81.8% |
| Cash at bank and in hand | 54/58 | €51,250 | €67,311 | +€16,061 | +31.3% |
| Total equity and liabilities | 10/49 | €410,636 | €432,730 | +€22,093 | +5.4% |
| Equity | 10/15 | €242,907 | €280,675 | +€37,767 | +15.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €146,574 | €184,341 | +€37,767 | +25.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €140,374 | €178,141 | +€37,767 | +26.9% |
| Profit (loss) carried forward | 14 | €34,334 | €34,334 | = | 0.0% |
| Amounts payable | 17/49 | €167,729 | €152,055 | -€15,674 | -9.3% |
| Amounts payable within one year | 42/48 | €167,729 | €152,055 | -€15,674 | -9.3% |
| Trade debts | 44 | €703 | €917 | +€214 | +30.5% |
| Suppliers | 440/4 | €703 | €917 | +€214 | +30.5% |
| Taxes, remuneration and social security | 45 | €779 | €1,147 | +€368 | +47.2% |
| Taxes | 450/3 | €779 | €1,147 | +€368 | +47.2% |
| Other amounts payable | 47/48 | €166,247 | €149,991 | -€16,256 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,302 | €6,302 | = | 0.0% |
| Other operating charges | 640/8 | €2,821 | €2,524 | -€298 | -10.5% |
| Gross operating margin | 9900 | €47,884 | €59,206 | +€11,322 | +23.6% |
| Operating profit (loss) | 9901 | €38,761 | €50,380 | +€11,620 | +30.0% |
| Financial income | 75/76B | €6,007 | €6,947 | +€940 | +15.6% |
| Recurring financial income | 75 | €6,007 | €6,947 | +€940 | +15.6% |
| Financial charges | 65/66B | €616 | €416 | -€200 | -32.5% |
| Recurring financial charges | 65 | €616 | €416 | -€200 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €44,151 | €56,911 | +€12,760 | +28.9% |
| Income taxes | 67/77 | €15,055 | €19,144 | +€4,089 | +27.2% |
| Profit (loss) for the period | 9904 | €29,097 | €37,767 | +€8,671 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,097 | €37,767 | +€8,671 | +29.8% |
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 19 October 2026 via checked.be.