Meep: 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.
Meep
Largest movements
- Cash -€232,952
down €232,952 (-50.7%), from €459,295 to €226,342
mainly Net result for the year (-€317,358) and Investment in fixed assets (net) (-€215,715)
- Intangible fixed assets +€122,868
up €122,868 (+56.8%), from €216,505 to €339,373
- Profit (loss) carried forward -€317,358
down €317,358 (-160.3%), from -€197,955 to -€515,313
- Debts after one year +€194,415
up €194,415 (+79.4%), from €245,000 to €439,415
- Trade debts +€10,581
up €10,581 (+15.2%), from €69,814 to €80,395
- Gross operating margin +€119,156
up €119,156 (+57.1%), from -€208,516 to -€89,361
- Staff costs +€33,377
up €33,377 (+31.0%), from €107,667 to €141,044
- Depreciation +€20,623
up €20,623 (+28.8%), from €71,659 to €92,282
- Taxes -€6,469
down €6,469, from €18 to -€6,451
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 | €737,651 | €627,312 | -€110,338 | -15.0% |
| Fixed assets | 21/28 | €240,504 | €363,937 | +€123,433 | +51.3% |
| Intangible fixed assets | 21 | €216,505 | €339,373 | +€122,868 | +56.8% |
| Tangible fixed assets | 22/27 | €15,948 | €16,538 | +€590 | +3.7% |
| Plant, machinery and equipment | 23 | €15,948 | €16,538 | +€590 | +3.7% |
| Financial fixed assets | 28 | €8,050 | €8,025 | -€25 | -0.3% |
| Current assets | 29/58 | €497,147 | €263,376 | -€233,771 | -47.0% |
| Amounts receivable within one year | 40/41 | €31,938 | €29,654 | -€2,284 | -7.2% |
| Trade receivables | 40 | €385 | €1,291 | +€906 | +235.3% |
| Other amounts receivable | 41 | €31,553 | €28,363 | -€3,190 | -10.1% |
| Cash at bank and in hand | 54/58 | €459,295 | €226,342 | -€232,952 | -50.7% |
| Deferred charges and accrued income | 490/1 | €5,913 | €7,379 | +€1,466 | +24.8% |
| Total equity and liabilities | 10/49 | €737,651 | €627,312 | -€110,338 | -15.0% |
| Equity | 10/15 | €406,070 | €88,712 | -€317,358 | -78.2% |
| Contributions | 10/11 | €604,025 | €604,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€197,955 | -€515,313 | -€317,358 | -160.3% |
| Amounts payable | 17/49 | €331,581 | €538,600 | +€207,020 | +62.4% |
| Amounts payable after more than one year | 17 | €245,000 | €439,415 | +€194,415 | +79.4% |
| Financial debts | 170/4 | €245,000 | €439,415 | +€194,415 | +79.4% |
| Amounts payable within one year | 42/48 | €83,329 | €96,636 | +€13,307 | +16.0% |
| Financial debts | 43 | €304 | €415 | +€111 | +36.5% |
| Credit institutions | 430/8 | €304 | €415 | +€111 | +36.5% |
| Trade debts | 44 | €69,814 | €80,395 | +€10,581 | +15.2% |
| Suppliers | 440/4 | €69,814 | €80,395 | +€10,581 | +15.2% |
| Taxes, remuneration and social security | 45 | €11,900 | €15,736 | +€3,836 | +32.2% |
| Taxes | 450/3 | €61 | €0 | -€61 | -100.0% |
| Remuneration and social security | 454/9 | €11,838 | €15,736 | +€3,897 | +32.9% |
| Other amounts payable | 47/48 | €1,311 | €90 | -€1,221 | -93.1% |
| Accrued charges and deferred income | 492/3 | €3,252 | €2,550 | -€702 | -21.6% |
| Remuneration, social security and pensions | 62 | €107,667 | €141,044 | +€33,377 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,659 | €92,282 | +€20,623 | +28.8% |
| Other operating charges | 640/8 | €480 | €1,511 | +€1,030 | +214.5% |
| Non-recurring operating charges | 66A | €88 | €0 | -€88 | -100.0% |
| Gross operating margin | 9900 | -€208,516 | -€89,361 | +€119,156 | +57.1% |
| Operating profit (loss) | 9901 | -€388,410 | -€324,197 | +€64,213 | +16.5% |
| Financial income | 75/76B | €114 | €1,642 | +€1,528 | +1341.5% |
| Recurring financial income | 75 | €114 | €1,642 | +€1,528 | +1341.5% |
| Financial charges | 65/66B | €3,006 | €1,254 | -€1,753 | -58.3% |
| Recurring financial charges | 65 | €3,006 | €1,254 | -€1,753 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | -€391,303 | -€323,809 | +€67,494 | +17.2% |
| Income taxes | 67/77 | €18 | -€6,451 | -€6,469 | |
| Profit (loss) for the period | 9904 | -€391,321 | -€317,358 | +€73,963 | +18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€391,321 | -€317,358 | +€73,963 | +18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.