MEWICO: 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.
MEWICO
Largest movements
- Cash +€35,653
up €35,653 (+38.1%), from €93,663 to €129,316
mainly Depreciation (+€22,701) and Net result for the year (+€22,038)
- Profit (loss) carried forward +€20,936
up €20,936 (+41.8%), from €50,059 to €70,995
- Trade debts +€14,611
up €14,611 (+426%), from €3,429 to €18,040
- Gross operating margin +€2,827
up €2,827 (+5.4%), from €52,683 to €55,510
- Taxes -€1,281
down €1,281 (-18.7%), from €6,846 to €5,565
- Other operating charges -€1,001
down €1,001 (-15.8%), from €6,341 to €5,340
- Depreciation +€831
up €831 (+3.8%), from €21,870 to €22,701
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 | €700,462 | €736,028 | +€35,566 | +5.1% |
| Fixed assets | 21/28 | €379,315 | €378,452 | -€863 | -0.2% |
| Tangible fixed assets | 22/27 | €379,315 | €378,452 | -€863 | -0.2% |
| Land and buildings | 22 | €341,008 | €324,794 | -€16,214 | -4.8% |
| Plant, machinery and equipment | 23 | €38,307 | €53,658 | +€15,351 | +40.1% |
| Current assets | 29/58 | €321,147 | €357,576 | +€36,429 | +11.3% |
| Stocks and contracts in progress | 3 | €225,407 | €225,407 | = | 0.0% |
| Stocks | 30/36 | €225,407 | €225,407 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,663 | €129,316 | +€35,653 | +38.1% |
| Deferred charges and accrued income | 490/1 | €2,077 | €2,853 | +€776 | +37.4% |
| Total equity and liabilities | 10/49 | €700,462 | €736,028 | +€35,566 | +5.1% |
| Equity | 10/15 | €582,430 | €604,468 | +€22,038 | +3.8% |
| Contributions | 10/11 | €501,191 | €501,191 | = | 0.0% |
| Capital | 10 | €501,191 | €501,191 | = | 0.0% |
| Issued capital | 100 | €501,191 | €501,191 | = | 0.0% |
| Reserves | 13 | €31,180 | €32,282 | +€1,102 | +3.5% |
| Non-distributable reserves | 130/1 | €15,480 | €16,582 | +€1,102 | +7.1% |
| Legal reserve | 130 | €15,480 | €16,582 | +€1,102 | +7.1% |
| Tax-exempt reserves | 132 | €15,700 | €15,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,059 | €70,995 | +€20,936 | +41.8% |
| Amounts payable | 17/49 | €118,032 | €131,560 | +€13,528 | +11.5% |
| Amounts payable after more than one year | 17 | €90,152 | €90,152 | = | 0.0% |
| Financial debts | 170/4 | €90,152 | €90,152 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,880 | €41,408 | +€13,528 | +48.5% |
| Trade debts | 44 | €3,429 | €18,040 | +€14,611 | +426% |
| Suppliers | 440/4 | €3,429 | €18,040 | +€14,611 | +426% |
| Taxes, remuneration and social security | 45 | €11,864 | €12,411 | +€547 | +4.6% |
| Taxes | 450/3 | €11,864 | €12,411 | +€547 | +4.6% |
| Other amounts payable | 47/48 | €12,587 | €10,957 | -€1,630 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,870 | €22,701 | +€831 | +3.8% |
| Other operating charges | 640/8 | €6,341 | €5,340 | -€1,001 | -15.8% |
| Gross operating margin | 9900 | €52,683 | €55,510 | +€2,827 | +5.4% |
| Operating profit (loss) | 9901 | €24,472 | €27,469 | +€2,997 | +12.2% |
| Financial income | 75/76B | €681 | €134 | -€547 | -80.3% |
| Recurring financial income | 75 | €681 | €134 | -€547 | -80.3% |
| Financial charges | 65/66B | €29 | - | -€29 | |
| Recurring financial charges | 65 | €29 | - | -€29 | |
| Profit (loss) for the period before taxes | 9903 | €25,124 | €27,603 | +€2,479 | +9.9% |
| Income taxes | 67/77 | €6,846 | €5,565 | -€1,281 | -18.7% |
| Profit (loss) for the period | 9904 | €18,278 | €22,038 | +€3,760 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,278 | €22,038 | +€3,760 | +20.6% |
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 18 October 2026 via checked.be.