MNEVEN: 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.
MNEVEN
Largest movements
- Tangible fixed assets -€52,081
down €52,081 (-7.1%), from €729,399 to €677,318
of which Land and buildings: -€51,081
- Debts after one year -€67,557
down €67,557 (-19.1%), from €354,407 to €286,850
of which Financial debts: -€67,557
- Trade debts +€11,547
up €11,547 (+334.5%), from €3,452 to €14,999
- Gross operating margin +€25,593
up €25,593 (+60.9%), from €42,058 to €67,651
- Financial charges +€2,265
up €2,265 (+21.9%), from €10,361 to €12,626
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 | €790,067 | €741,545 | -€48,522 | -6.1% |
| Fixed assets | 21/28 | €729,399 | €677,318 | -€52,081 | -7.1% |
| Tangible fixed assets | 22/27 | €729,399 | €677,318 | -€52,081 | -7.1% |
| Land and buildings | 22 | €727,852 | €676,771 | -€51,081 | -7.0% |
| Furniture and vehicles | 24 | €1,547 | €547 | -€1,000 | -64.7% |
| Current assets | 29/58 | €60,668 | €64,227 | +€3,559 | +5.9% |
| Amounts receivable within one year | 40/41 | €19,544 | €20,416 | +€872 | +4.5% |
| Trade receivables | 40 | €2,611 | €16,073 | +€13,462 | +515.5% |
| Other amounts receivable | 41 | €16,933 | €4,343 | -€12,590 | -74.3% |
| Cash at bank and in hand | 54/58 | €39,526 | €41,261 | +€1,735 | +4.4% |
| Deferred charges and accrued income | 490/1 | €1,598 | €2,550 | +€952 | +59.6% |
| Total equity and liabilities | 10/49 | €790,067 | €741,545 | -€48,522 | -6.1% |
| Equity | 10/15 | €214,317 | €214,516 | +€199 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €193,857 | €194,056 | +€199 | +0.1% |
| Amounts payable | 17/49 | €575,750 | €527,029 | -€48,721 | -8.5% |
| Amounts payable after more than one year | 17 | €354,407 | €286,850 | -€67,557 | -19.1% |
| Financial debts | 170/4 | €124,407 | €56,850 | -€67,557 | -54.3% |
| Other amounts payable | 178/9 | €230,000 | €230,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,225 | €230,877 | +€15,652 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €66,842 | €67,557 | +€715 | +1.1% |
| Trade debts | 44 | €3,452 | €14,999 | +€11,547 | +334.5% |
| Suppliers | 440/4 | €3,452 | €14,999 | +€11,547 | +334.5% |
| Taxes, remuneration and social security | 45 | €15,685 | €15,641 | -€45 | -0.3% |
| Taxes | 450/3 | €15,685 | €15,641 | -€45 | -0.3% |
| Other amounts payable | 47/48 | €129,245 | €132,680 | +€3,434 | +2.7% |
| Accrued charges and deferred income | 492/3 | €6,118 | €9,302 | +€3,184 | +52.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,079 | €52,081 | +€2 | 0.0% |
| Other operating charges | 640/8 | €1,943 | €2,588 | +€645 | +33.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,058 | €67,651 | +€25,593 | +60.9% |
| Operating profit (loss) | 9901 | -€11,964 | €12,982 | +€24,946 | |
| Financial income | 75/76B | €25 | €0 | -€25 | -100.0% |
| Recurring financial income | 75 | €25 | €0 | -€25 | -100.0% |
| Financial charges | 65/66B | €10,361 | €12,626 | +€2,265 | +21.9% |
| Recurring financial charges | 65 | €10,361 | €12,626 | +€2,265 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,301 | €355 | +€22,656 | |
| Income taxes | 67/77 | €167 | €157 | -€10 | -6.2% |
| Profit (loss) for the period | 9904 | -€22,467 | €199 | +€22,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,467 | €199 | +€22,666 |
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 9 October 2026 via checked.be.