MEWIMAN: 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.
MEWIMAN
Largest movements
- Cash +€244,806
up €244,806 (+417.0%), from €58,705 to €303,511
mainly Net result for the year (+€396,659) and Depreciation (+€185,242)
- Tangible fixed assets -€162,400
down €162,400 (-6.6%), from €2.5m to €2.3m
of which Land and buildings: -€150,856
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Receivables within one year +€70,156
up €70,156 (+24.4%), from €287,725 to €357,881
of which Trade receivables: +€48,006
- Debts after one year -€60,000
down €60,000 (-10.1%), from €595,000 to €535,000
- Reserves +€51,604
up €51,604 (+2.6%), from €2.0m to €2.0m
- Gross operating margin +€83,277
up €83,277 (+11.5%), from €724,516 to €807,793
- Provisions +€33,873
up €33,873, from -€33,873 to €0
- Taxes +€25,166
up €25,166 (+13.1%), from €192,808 to €217,975
- Other operating charges +€10,848
up €10,848 (+209.8%), from €5,171 to €16,018
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 | €2,988,848 | €2,989,175 | +€328 | 0.0% |
| Fixed assets | 21/28 | €2,470,877 | €2,308,477 | -€162,400 | -6.6% |
| Tangible fixed assets | 22/27 | €2,470,877 | €2,308,477 | -€162,400 | -6.6% |
| Land and buildings | 22 | €2,410,033 | €2,259,177 | -€150,856 | -6.3% |
| Plant, machinery and equipment | 23 | - | €10,601 | +€10,601 | |
| Furniture and vehicles | 24 | €57,044 | €34,899 | -€22,145 | -38.8% |
| Other tangible fixed assets | 26 | €3,800 | €3,800 | = | 0.0% |
| Current assets | 29/58 | €517,971 | €680,699 | +€162,728 | +31.4% |
| Amounts receivable within one year | 40/41 | €287,725 | €357,881 | +€70,156 | +24.4% |
| Trade receivables | 40 | - | €48,006 | +€48,006 | |
| Other amounts receivable | 41 | €287,725 | €309,875 | +€22,150 | +7.7% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,705 | €303,511 | +€244,806 | +417.0% |
| Deferred charges and accrued income | 490/1 | €21,541 | €19,306 | -€2,235 | -10.4% |
| Total equity and liabilities | 10/49 | €2,988,848 | €2,989,175 | +€328 | 0.0% |
| Equity | 10/15 | €2,237,250 | €2,288,854 | +€51,604 | +2.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,980,469 | €2,032,073 | +€51,604 | +2.6% |
| Distributable reserves | 133 | €1,980,469 | €2,032,073 | +€51,604 | +2.6% |
| Profit (loss) carried forward | 14 | €244,381 | €244,381 | = | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Pensions and similar obligations | 160 | €0 | - | = | |
| Amounts payable | 17/49 | €751,598 | €700,321 | -€51,277 | -6.8% |
| Amounts payable after more than one year | 17 | €595,000 | €535,000 | -€60,000 | -10.1% |
| Financial debts | 170/4 | €595,000 | €535,000 | -€60,000 | -10.1% |
| Amounts payable within one year | 42/48 | €156,598 | €165,321 | +€8,723 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €16,660 | €25,204 | +€8,543 | +51.3% |
| Suppliers | 440/4 | €16,660 | €25,204 | +€8,543 | +51.3% |
| Taxes, remuneration and social security | 45 | €79,938 | €80,118 | +€180 | +0.2% |
| Taxes | 450/3 | €79,938 | €80,118 | +€180 | +0.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,137 | €27,951 | +€26,814 | +2358.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,421 | €185,242 | -€7,179 | -3.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,873 | €0 | +€33,873 | |
| Other operating charges | 640/8 | €5,171 | €16,018 | +€10,848 | +209.8% |
| Gross operating margin | 9900 | €724,516 | €807,793 | +€83,277 | +11.5% |
| Operating profit (loss) | 9901 | €560,798 | €606,533 | +€45,735 | +8.2% |
| Financial income | 75/76B | €16,228 | €16,968 | +€739 | +4.6% |
| Recurring financial income | 75 | €16,228 | €16,968 | +€739 | +4.6% |
| Financial charges | 65/66B | €9,837 | €8,867 | -€969 | -9.9% |
| Recurring financial charges | 65 | €9,837 | €8,867 | -€969 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €567,189 | €614,633 | +€47,444 | +8.4% |
| Income taxes | 67/77 | €192,808 | €217,975 | +€25,166 | +13.1% |
| Profit (loss) for the period | 9904 | €374,381 | €396,659 | +€22,278 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €374,381 | €396,659 | +€22,278 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.