MEP HTV: what changed
MEP HTV
Largest movements
- Cash -€16,030
down €16,030 (-33.1%), from €48,431 to €32,400
mainly Debts after one year (-€13,881) and Tax, wage and social debts (-€13,438)
- Tangible fixed assets -€16,009
down €16,009 (-29.2%), from €54,861 to €38,852
of which Furniture and vehicles: -€15,476
- Receivables within one year -€3,050
down €3,050 (-19.8%), from €15,426 to €12,375
of which Other amounts receivable: -€3,050
- Debts after one year -€13,881
down €13,881 (-38.8%), from €35,756 to €21,875
- Tax, wage and social debts -€13,438
down €13,438 (-51.8%), from €25,966 to €12,528
of which Taxes: -€13,438
- Profit (loss) carried forward -€10,684
down €10,684 (-60.7%), from €17,588 to €6,904
- Other debts +€2,696
up €2,696 (+79.0%), from €3,411 to €6,108
- Gross operating margin -€42,478
down €42,478 (-84.0%), from €50,596 to €8,118
- Taxes -€9,593
down €9,593 (-98.5%), from €9,743 to €150
- Financial charges -€1,533
down €1,533 (-42.0%), from €3,648 to €2,115
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,800 | €84,808 | -€34,992 | -29.2% |
| Fixed assets | 21/28 | €54,861 | €38,852 | -€16,009 | -29.2% |
| Tangible fixed assets | 22/27 | €54,861 | €38,852 | -€16,009 | -29.2% |
| Plant, machinery and equipment | 23 | €1,100 | €568 | -€533 | -48.4% |
| Furniture and vehicles | 24 | €53,761 | €38,285 | -€15,476 | -28.8% |
| Current assets | 29/58 | €64,939 | €45,956 | -€18,983 | -29.2% |
| Amounts receivable within one year | 40/41 | €15,426 | €12,375 | -€3,050 | -19.8% |
| Trade receivables | 40 | €5,226 | €5,226 | = | 0.0% |
| Other amounts receivable | 41 | €10,199 | €7,149 | -€3,050 | -29.9% |
| Cash at bank and in hand | 54/58 | €48,431 | €32,400 | -€16,030 | -33.1% |
| Deferred charges and accrued income | 490/1 | €1,083 | €1,180 | +€97 | +9.0% |
| Total equity and liabilities | 10/49 | €119,800 | €84,808 | -€34,992 | -29.2% |
| Equity | 10/15 | €36,451 | €25,767 | -€10,684 | -29.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €313 | €313 | = | 0.0% |
| Distributable reserves | 133 | €313 | €313 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,588 | €6,904 | -€10,684 | -60.7% |
| Amounts payable | 17/49 | €83,349 | €59,041 | -€24,308 | -29.2% |
| Amounts payable after more than one year | 17 | €35,756 | €21,875 | -€13,881 | -38.8% |
| Financial debts | 170/4 | €35,756 | €21,875 | -€13,881 | -38.8% |
| Amounts payable within one year | 42/48 | €47,594 | €37,166 | -€10,428 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €13,316 | €13,881 | +€564 | +4.2% |
| Trade debts | 44 | €4,900 | €4,650 | -€251 | -5.1% |
| Suppliers | 440/4 | €4,900 | €4,650 | -€251 | -5.1% |
| Taxes, remuneration and social security | 45 | €25,966 | €12,528 | -€13,438 | -51.8% |
| Taxes | 450/3 | €19,263 | €5,826 | -€13,438 | -69.8% |
| Remuneration and social security | 454/9 | €6,703 | €6,703 | = | 0.0% |
| Other amounts payable | 47/48 | €3,411 | €6,108 | +€2,696 | +79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,974 | €16,009 | +€35 | +0.2% |
| Other operating charges | 640/8 | €902 | €528 | -€374 | -41.4% |
| Gross operating margin | 9900 | €50,596 | €8,118 | -€42,478 | -84.0% |
| Operating profit (loss) | 9901 | €33,721 | -€8,419 | -€42,139 | |
| Financial charges | 65/66B | €3,648 | €2,115 | -€1,533 | -42.0% |
| Recurring financial charges | 65 | €3,648 | €2,115 | -€1,533 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €30,072 | -€10,534 | -€40,606 | |
| Income taxes | 67/77 | €9,743 | €150 | -€9,593 | -98.5% |
| Profit (loss) for the period | 9904 | €20,330 | -€10,684 | -€31,013 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,330 | -€10,684 | -€31,013 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.