MEWO: 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.
MEWO
Largest movements
- Receivables within one year +€843,030
up €843,030 (+7,784%), from €10,830 to €853,860
of which Other amounts receivable: +€843,611
- Cash +€59,310
up €59,310 (+638%), from €9,295 to €68,605
mainly Contributions, distributions and other (+€1.0m) and Depreciation (+€7,083)
- Contributions +€1.0m
up €1.0m (+127%), from €786,317 to €1.8m
- Other debts -€76,119
down €76,119 (-100%), from €76,119 to €0
- Profit (loss) carried forward -€26,361
down €26,361 (-1.9%), from -€1.4m to -€1.4m
- Financial charges -€25,456
down €25,456 (-44.3%), from €57,436 to €31,981
- Financial income +€8,551
up €8,551, from €0 to €8,551
- Gross operating margin +€4,433
up €4,433 (+147%), from €3,022 to €7,456
- Depreciation -€421
down €421 (-5.6%), from €7,504 to €7,083
- Other operating charges +€96
up €96 (+3.0%), from €3,208 to €3,304
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 | €990,469 | €1,885,791 | +€895,322 | +90.4% |
| Fixed assets | 21/28 | €969,420 | €962,337 | -€7,083 | -0.7% |
| Tangible fixed assets | 22/27 | €969,420 | €962,337 | -€7,083 | -0.7% |
| Land and buildings | 22 | €969,420 | €962,337 | -€7,083 | -0.7% |
| Current assets | 29/58 | €21,050 | €923,455 | +€902,405 | +4,287% |
| Amounts receivable within one year | 40/41 | €10,830 | €853,860 | +€843,030 | +7,784% |
| Trade receivables | 40 | €582 | €0 | -€582 | -100% |
| Other amounts receivable | 41 | €10,248 | €853,860 | +€843,611 | +8,232% |
| Cash at bank and in hand | 54/58 | €9,295 | €68,605 | +€59,310 | +638% |
| Deferred charges and accrued income | 490/1 | €925 | €990 | +€65 | +7.0% |
| Total equity and liabilities | 10/49 | €990,469 | €1,885,791 | +€895,322 | +90.4% |
| Equity | 10/15 | -€8,966 | €964,674 | +€973,639 | |
| Contributions | 10/11 | €786,317 | €1,786,317 | +€1.0m | +127% |
| Capital | 10 | €786,317 | €1,786,317 | +€1.0m | +127% |
| Issued capital | 100 | €786,317 | €1,786,317 | +€1.0m | +127% |
| Revaluation surpluses | 12 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,395,283 | -€1,421,643 | -€26,361 | -1.9% |
| Amounts payable | 17/49 | €999,435 | €921,118 | -€78,317 | -7.8% |
| Amounts payable after more than one year | 17 | €907,560 | €907,560 | = | 0.0% |
| Financial debts | 170/4 | €907,560 | €907,560 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,186 | €2,148 | -€75,037 | -97.2% |
| Trade debts | 44 | €1,022 | €2,148 | +€1,127 | +110% |
| Suppliers | 440/4 | €1,022 | €2,148 | +€1,127 | +110% |
| Taxes, remuneration and social security | 45 | €45 | €0 | -€45 | -100% |
| Taxes | 450/3 | €45 | €0 | -€45 | -100% |
| Other amounts payable | 47/48 | €76,119 | €0 | -€76,119 | -100% |
| Accrued charges and deferred income | 492/3 | €14,689 | €11,409 | -€3,280 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,504 | €7,083 | -€421 | -5.6% |
| Other operating charges | 640/8 | €3,208 | €3,304 | +€96 | +3.0% |
| Gross operating margin | 9900 | €3,022 | €7,456 | +€4,433 | +147% |
| Operating profit (loss) | 9901 | -€7,690 | -€2,931 | +€4,759 | +61.9% |
| Financial income | 75/76B | €0 | €8,551 | +€8,551 | |
| Recurring financial income | 75 | €0 | €8,551 | +€8,551 | |
| Financial charges | 65/66B | €57,436 | €31,981 | -€25,456 | -44.3% |
| Recurring financial charges | 65 | €57,436 | €31,981 | -€25,456 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€65,127 | -€26,361 | +€38,766 | +59.5% |
| Profit (loss) for the period | 9904 | -€65,127 | -€26,361 | +€38,766 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,127 | -€26,361 | +€38,766 | +59.5% |
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 23 October 2026 via checked.be.