MEP: 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.
MEP
Largest movements
- Tangible fixed assets -€22,291
down €22,291 (-8.2%), from €272,513 to €250,222
- Debts after one year -€19,747
down €19,747 (-13.2%), from €149,917 to €130,170
of which Financial debts: -€17,090
- Tax, wage and social debts -€19,001
down €19,001 (-52.4%), from €36,290 to €17,289
of which Taxes: -€17,501
- Trade debts +€13,249
up €13,249 (+130.4%), from €10,160 to €23,408
- Profit (loss) carried forward +€4,752
up €4,752 (+8.0%), from €59,754 to €64,506
- Gross operating margin +€6,147
up €6,147 (+18.0%), from €34,067 to €40,213
- Taxes +€1,590
up €1,590 (+368.3%), from €432 to €2,022
- Financial charges +€1,190
up €1,190 (+28.8%), from €4,130 to €5,320
- Depreciation -€538
down €538 (-2.0%), from €26,949 to €26,411
- Other operating charges +€425
up €425 (+27.0%), from €1,578 to €2,003
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 | €341,087 | €320,963 | -€20,124 | -5.9% |
| Fixed assets | 21/28 | €273,443 | €251,152 | -€22,291 | -8.2% |
| Tangible fixed assets | 22/27 | €272,513 | €250,222 | -€22,291 | -8.2% |
| Land and buildings | 22 | €272,513 | €250,222 | -€22,291 | -8.2% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €67,644 | €69,811 | +€2,167 | +3.2% |
| Amounts receivable within one year | 40/41 | €66,520 | €67,843 | +€1,323 | +2.0% |
| Trade receivables | 40 | €66,182 | €59,302 | -€6,880 | -10.4% |
| Other amounts receivable | 41 | €337 | €8,541 | +€8,203 | +2431.2% |
| Cash at bank and in hand | 54/58 | €516 | €1,861 | +€1,345 | +260.6% |
| Deferred charges and accrued income | 490/1 | €608 | €107 | -€501 | -82.3% |
| Total equity and liabilities | 10/49 | €341,087 | €320,963 | -€20,124 | -5.9% |
| Equity | 10/15 | €125,754 | €130,506 | +€4,752 | +3.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €6,000 | €6,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,754 | €64,506 | +€4,752 | +8.0% |
| Amounts payable | 17/49 | €215,333 | €190,457 | -€24,876 | -11.6% |
| Amounts payable after more than one year | 17 | €149,917 | €130,170 | -€19,747 | -13.2% |
| Financial debts | 170/4 | €147,259 | €130,170 | -€17,090 | -11.6% |
| Other amounts payable | 178/9 | €2,657 | - | -€2,657 | |
| Amounts payable within one year | 42/48 | €65,416 | €60,287 | -€5,129 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €18,966 | €19,590 | +€623 | +3.3% |
| Trade debts | 44 | €10,160 | €23,408 | +€13,249 | +130.4% |
| Suppliers | 440/4 | €10,160 | €23,408 | +€13,249 | +130.4% |
| Taxes, remuneration and social security | 45 | €36,290 | €17,289 | -€19,001 | -52.4% |
| Taxes | 450/3 | €31,040 | €13,539 | -€17,501 | -56.4% |
| Remuneration and social security | 454/9 | €5,250 | €3,750 | -€1,500 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,949 | €26,411 | -€538 | -2.0% |
| Other operating charges | 640/8 | €1,578 | €2,003 | +€425 | +27.0% |
| Non-recurring operating charges | 66A | €100 | - | -€100 | |
| Gross operating margin | 9900 | €34,067 | €40,213 | +€6,147 | +18.0% |
| Operating profit (loss) | 9901 | €5,440 | €11,800 | +€6,360 | +116.9% |
| Financial income | 75/76B | €7 | €293 | +€286 | +3918.2% |
| Recurring financial income | 75 | €7 | €293 | +€286 | +3918.2% |
| Financial charges | 65/66B | €4,130 | €5,320 | +€1,190 | +28.8% |
| Recurring financial charges | 65 | €4,130 | €5,320 | +€1,190 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €1,318 | €6,773 | +€5,456 | +414.0% |
| Income taxes | 67/77 | €432 | €2,022 | +€1,590 | +368.3% |
| Profit (loss) for the period | 9904 | €886 | €4,752 | +€3,866 | +436.3% |
| Profit (loss) for the period to be appropriated | 9905 | €886 | €4,752 | +€3,866 | +436.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.