M.E.P.I.: 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.
M.E.P.I.
Largest movements
- Receivables within one year +€37,491
up €37,491 (+125.2%), from €29,943 to €67,434
of which Other amounts receivable: +€31,532
- Cash +€32,116
up €32,116 (+11348.4%), from €283 to €32,399
mainly Net result for the year (+€58,975) and Stocks and contracts (+€8,539)
- Stocks and contracts -€8,539
down €8,539 (-21.0%), from €40,634 to €32,095
- Reserves +€50,000
up €50,000 (+2688.2%), from €1,860 to €51,860
- Profit (loss) carried forward +€8,975
up €8,975 (+34.0%), from €26,389 to €35,364
- Tax, wage and social debts +€6,100
up €6,100 (+33.0%), from €18,473 to €24,573
of which Taxes: +€7,705
- Short-term financial debts -€5,468
no longer reported in 2024 (was €5,468)
- Gross operating margin +€28,550
up €28,550 (+41.1%), from €69,500 to €98,050
- Taxes +€7,557
up €7,557 (+89.5%), from €8,442 to €15,999
- Staff costs -€2,833
down €2,833 (-11.9%), from €23,775 to €20,942
- Financial income +€1,508
up €1,508 (+291.7%), from €517 to €2,025
- Depreciation -€1,467
down €1,467 (-63.6%), from €2,305 to €838
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €77,008 | €136,434 | +€59,426 | +77.2% |
| Fixed assets | 21/28 | €4,316 | €3,478 | -€838 | -19.4% |
| Tangible fixed assets | 22/27 | €4,286 | €3,448 | -€838 | -19.6% |
| Land and buildings | 22 | €1,798 | €1,607 | -€191 | -10.6% |
| Plant, machinery and equipment | 23 | €2,488 | €1,841 | -€647 | -26.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €72,692 | €132,956 | +€60,264 | +82.9% |
| Stocks and contracts in progress | 3 | €40,634 | €32,095 | -€8,539 | -21.0% |
| Stocks | 30/36 | €40,634 | €32,095 | -€8,539 | -21.0% |
| Amounts receivable within one year | 40/41 | €29,943 | €67,434 | +€37,491 | +125.2% |
| Trade receivables | 40 | €18,969 | €24,928 | +€5,959 | +31.4% |
| Other amounts receivable | 41 | €10,974 | €42,506 | +€31,532 | +287.3% |
| Cash at bank and in hand | 54/58 | €283 | €32,399 | +€32,116 | +11348.4% |
| Deferred charges and accrued income | 490/1 | €1,832 | €1,028 | -€804 | -43.9% |
| Total equity and liabilities | 10/49 | €77,008 | €136,434 | +€59,426 | +77.2% |
| Equity | 10/15 | €46,841 | €105,816 | +€58,975 | +125.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,860 | €51,860 | +€50,000 | +2688.2% |
| Non-distributable reserves | 130/1 | €1,860 | €51,860 | +€50,000 | +2688.2% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Other | 1319 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €26,389 | €35,364 | +€8,975 | +34.0% |
| Amounts payable | 17/49 | €30,167 | €30,618 | +€451 | +1.5% |
| Amounts payable within one year | 42/48 | €30,167 | €30,618 | +€451 | +1.5% |
| Financial debts | 43 | €5,468 | - | -€5,468 | |
| Credit institutions | 430/8 | €5,468 | - | -€5,468 | |
| Trade debts | 44 | €6,226 | €6,045 | -€181 | -2.9% |
| Suppliers | 440/4 | €6,226 | €6,045 | -€181 | -2.9% |
| Taxes, remuneration and social security | 45 | €18,473 | €24,573 | +€6,100 | +33.0% |
| Taxes | 450/3 | €16,868 | €24,573 | +€7,705 | +45.7% |
| Remuneration and social security | 454/9 | €1,605 | - | -€1,605 | |
| Remuneration, social security and pensions | 62 | €23,775 | €20,942 | -€2,833 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,305 | €838 | -€1,467 | -63.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,159 | +€1,159 | |
| Other operating charges | 640/8 | €1,563 | €416 | -€1,147 | -73.4% |
| Non-recurring operating charges | 66A | €58 | €197 | +€139 | +239.7% |
| Gross operating margin | 9900 | €69,500 | €98,050 | +€28,550 | +41.1% |
| Operating profit (loss) | 9901 | €41,799 | €74,498 | +€32,699 | +78.2% |
| Financial income | 75/76B | €517 | €2,025 | +€1,508 | +291.7% |
| Recurring financial income | 75 | €517 | €2,025 | +€1,508 | +291.7% |
| Financial charges | 65/66B | €1,313 | €1,549 | +€236 | +18.0% |
| Recurring financial charges | 65 | €1,313 | €1,549 | +€236 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €41,003 | €74,974 | +€33,971 | +82.9% |
| Income taxes | 67/77 | €8,442 | €15,999 | +€7,557 | +89.5% |
| Profit (loss) for the period | 9904 | €32,561 | €58,975 | +€26,414 | +81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,561 | €58,975 | +€26,414 | +81.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.