MEWO-GROUP: 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-GROUP
Largest movements
- Receivables within one year -€52,988
down €52,988 (-53.7%), from €98,730 to €45,742
of which Trade receivables: -€55,560
- Tangible fixed assets -€1,400
down €1,400 (-11.2%), from €12,492 to €11,092
- Short-term financial debts -€25,000
no longer reported in 2025 (was €25,000)
- Reserves -€12,691
down €12,691 (-79.9%), from €15,883 to €3,191
- Tax, wage and social debts -€12,095
down €12,095 (-87.5%), from €13,818 to €1,723
- Trade debts -€2,700
down €2,700 (-32.4%), from €8,341 to €5,641
- Debts after one year -€2,633
down €2,633 (-26.0%), from €10,132 to €7,499
- Gross operating margin -€15,107
down €15,107, from €6,726 to -€8,381
- Depreciation +€2,252
up €2,252 (+154%), from €1,458 to €3,710
- Financial charges -€1,453
down €1,453 (-49.9%), from €2,910 to €1,457
- Financial income -€1,357
down €1,357 (-37.8%), from €3,595 to €2,238
- Taxes -€1,190
no longer reported in 2025 (was €1,190)
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 | €113,114 | €58,086 | -€55,028 | -48.6% |
| Fixed assets | 21/28 | €12,527 | €11,127 | -€1,400 | -11.2% |
| Tangible fixed assets | 22/27 | €12,492 | €11,092 | -€1,400 | -11.2% |
| Furniture and vehicles | 24 | €12,492 | €11,092 | -€1,400 | -11.2% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €100,587 | €46,959 | -€53,628 | -53.3% |
| Amounts receivable within one year | 40/41 | €98,730 | €45,742 | -€52,988 | -53.7% |
| Trade receivables | 40 | €60,002 | €4,442 | -€55,560 | -92.6% |
| Other amounts receivable | 41 | €38,728 | €41,300 | +€2,572 | +6.6% |
| Cash at bank and in hand | 54/58 | €558 | €460 | -€99 | -17.6% |
| Deferred charges and accrued income | 490/1 | €1,298 | €757 | -€541 | -41.7% |
| Total equity and liabilities | 10/49 | €113,114 | €58,086 | -€55,028 | -48.6% |
| Equity | 10/15 | €18,383 | €5,691 | -€12,691 | -69.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €15,883 | €3,191 | -€12,691 | -79.9% |
| Distributable reserves | 133 | €15,883 | €3,191 | -€12,691 | -79.9% |
| Amounts payable | 17/49 | €94,731 | €52,395 | -€42,336 | -44.7% |
| Amounts payable after more than one year | 17 | €10,132 | €7,499 | -€2,633 | -26.0% |
| Financial debts | 170/4 | €10,132 | €7,499 | -€2,633 | -26.0% |
| Amounts payable within one year | 42/48 | €84,599 | €44,896 | -€39,703 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €2,749 | €2,841 | +€92 | +3.4% |
| Financial debts | 43 | €25,000 | - | -€25,000 | |
| Credit institutions | 430/8 | €25,000 | - | -€25,000 | |
| Trade debts | 44 | €8,341 | €5,641 | -€2,700 | -32.4% |
| Suppliers | 440/4 | €8,341 | €5,641 | -€2,700 | -32.4% |
| Taxes, remuneration and social security | 45 | €13,818 | €1,723 | -€12,095 | -87.5% |
| Taxes | 450/3 | €13,818 | €1,723 | -€12,095 | -87.5% |
| Other amounts payable | 47/48 | €34,692 | €34,692 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,458 | €3,710 | +€2,252 | +154% |
| Other operating charges | 640/8 | €1,910 | €1,382 | -€528 | -27.7% |
| Non-recurring operating charges | 66A | €165 | - | -€165 | |
| Gross operating margin | 9900 | €6,726 | -€8,381 | -€15,107 | |
| Operating profit (loss) | 9901 | €3,193 | -€13,473 | -€16,665 | |
| Financial income | 75/76B | €3,595 | €2,238 | -€1,357 | -37.8% |
| Recurring financial income | 75 | €3,595 | €2,238 | -€1,357 | -37.8% |
| Financial charges | 65/66B | €2,910 | €1,457 | -€1,453 | -49.9% |
| Recurring financial charges | 65 | €2,910 | €1,457 | -€1,453 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €3,878 | -€12,691 | -€16,569 | |
| Income taxes | 67/77 | €1,190 | - | -€1,190 | |
| Profit (loss) for the period | 9904 | €2,688 | -€12,691 | -€15,380 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,688 | -€12,691 | -€15,380 |
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 14 October 2026 via checked.be.