MEPA HOLDING: 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.
What changed
MEPA HOLDING
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€724,017
2024 · €584,419+€139,599
Equity
€11.9m
2024 · €11.2m+€688,853
Cash
€380,425
2024 · €356,517+€23,907
Balance sheet total
€14.5m
2024 · €14.3m+€187,841
Largest movements
Assets
- Financial fixed assets -€281,205
down €281,205 (-2.1%), from €13.6m to €13.3m
- Receivables after one year +€270,000
up €270,000 (+135%), from €200,000 to €470,000
Equity and liabilities
- Other debts -€1.1m
down €1.1m (-87.5%), from €1.2m to €150,000
- Reserves +€662,823
up €662,823 (+12.8%), from €5.2m to €5.8m
- Debts after one year +€380,901
up €380,901 (+28.8%), from €1.3m to €1.7m
- Current portion of long-term debt +€157,230
up €157,230 (+29.3%), from €535,714 to €692,944
Income statement
- Financial income +€384,528
up €384,528 (+61.8%), from €621,903 to €1.0m
- Financial charges +€287,208
up €287,208 (+1,202%), from €23,896 to €311,103
- Turnover +€168,000
new in 2025: €168,000
- Services and other goods +€119,615
up €119,615 (+816%), from €14,658 to €134,274
- Depreciation +€9,226
new in 2025: €9,226
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.
Result 2024
€584,419
Turnover
+€168,000
Other operating income
-€474
Services and other goods
-€119,615
Depreciation
-€9,226
Other operating charges
-€718
Other operating items
+€4,525
Financial income
+€384,528
Financial charges
-€287,208
Taxes
-€214
Result 2025
€724,017
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€664,783
Investment
+€185,724
Financing
+€502,966
Cash 2024
€356,517
From operations (derived)
-€664,783
Net result for the year
+€724,017
Depreciation
+€9,226
Receivables after one year
-€270,000
Receivables within one year
-€86,701
Deferred charges and accrued income
-€2,182
Trade debts
+€3,866
Tax, wage and social debts
+€10,010
Other debts
-€1.1m
Accrued charges and deferred income
-€3,019
Investment (derived)
+€185,724
Investment in fixed assets (net)
+€185,724
Financing
+€502,966
Debts after one year
+€380,901
Current portion of long-term debt
+€157,230
Contributions, distributions and other
-€35,164
Cash 2025
€380,425
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,272,957 | €14,460,797 | +€187,841 | +1.3% |
| Fixed assets | 21/28 | €13,581,343 | €13,386,394 | -€194,950 | -1.4% |
| Tangible fixed assets | 22/27 | - | €86,255 | +€86,255 | |
| Land and buildings | 22 | - | €8,903 | +€8,903 | |
| Furniture and vehicles | 24 | - | €14,915 | +€14,915 | |
| Leasing and similar rights | 25 | - | €62,437 | +€62,437 | |
| Financial fixed assets | 28 | €13,581,343 | €13,300,138 | -€281,205 | -2.1% |
| Affiliated companies | 280/1 | €13,581,343 | €13,300,138 | -€281,205 | -2.1% |
| Participating interests | 280 | €13,581,343 | €13,300,138 | -€281,205 | -2.1% |
| Current assets | 29/58 | €691,613 | €1,074,404 | +€382,790 | +55.3% |
| Amounts receivable after more than one year | 29 | €200,000 | €470,000 | +€270,000 | +135% |
| Other amounts receivable | 291 | €200,000 | €470,000 | +€270,000 | +135% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €130,683 | €217,384 | +€86,701 | +66.3% |
| Trade receivables | 40 | €2,526 | €16,940 | +€14,414 | +571% |
| Other amounts receivable | 41 | €128,157 | €200,444 | +€72,287 | +56.4% |
| Current investments | 50/53 | €0 | - | = | |
| Other investments | 51/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €356,517 | €380,425 | +€23,907 | +6.7% |
| Deferred charges and accrued income | 490/1 | €4,413 | €6,595 | +€2,182 | +49.4% |
| Total equity and liabilities | 10/49 | €14,272,957 | €14,460,797 | +€187,841 | +1.3% |
| Equity | 10/15 | €11,209,280 | €11,898,133 | +€688,853 | +6.1% |
| Contributions | 10/11 | €6,050,000 | €6,056,200 | +€6,200 | +0.1% |
| Reserves | 13 | €5,159,280 | €5,822,103 | +€662,823 | +12.8% |
| Distributable reserves | 133 | €5,159,280 | €5,822,103 | +€662,823 | +12.8% |
| Profit (loss) carried forward | 14 | - | €19,830 | +€19,830 | |
| Amounts payable | 17/49 | €3,063,677 | €2,562,665 | -€501,013 | -16.4% |
| Amounts payable after more than one year | 17 | €1,321,429 | €1,702,330 | +€380,901 | +28.8% |
| Financial debts | 170/4 | €1,321,429 | €1,702,330 | +€380,901 | +28.8% |
| Leasing and similar obligations | 172 | - | €51,816 | +€51,816 | |
| Credit institutions | 173 | €1,321,429 | €1,650,513 | +€329,085 | +24.9% |
| Amounts payable within one year | 42/48 | €1,737,729 | €858,835 | -€878,894 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €535,714 | €692,944 | +€157,230 | +29.3% |
| Trade debts | 44 | €2,015 | €5,881 | +€3,866 | +192% |
| Suppliers | 440/4 | €2,015 | €5,881 | +€3,866 | +192% |
| Taxes, remuneration and social security | 45 | - | €10,010 | +€10,010 | |
| Taxes | 450/3 | - | €7,680 | +€7,680 | |
| Remuneration and social security | 454/9 | - | €2,330 | +€2,330 | |
| Other amounts payable | 47/48 | €1,200,000 | €150,000 | -€1.1m | -87.5% |
| Accrued charges and deferred income | 492/3 | €4,519 | €1,500 | -€3,019 | -66.8% |
| Operating income | 70/76A | €2,216 | €174,267 | +€172,051 | +7,764% |
| Turnover | 70 | - | €168,000 | +€168,000 | |
| Other operating income | 74 | €2,216 | €1,742 | -€474 | -21.4% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Operating charges | 60/66A | €15,805 | €145,364 | +€129,559 | +820% |
| Services and other goods | 61 | €14,658 | €134,274 | +€119,615 | +816% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,226 | +€9,226 | |
| Other operating charges | 640/8 | €1,147 | €1,864 | +€718 | +62.6% |
| Operating profit (loss) | 9901 | -€13,589 | €28,904 | +€42,492 | |
| Financial income | 75/76B | €621,903 | €1,006,431 | +€384,528 | +61.8% |
| Recurring financial income | 75 | €621,903 | €1,006,431 | +€384,528 | +61.8% |
| Income from financial fixed assets | 750 | €600,000 | €1,000,000 | +€400,000 | +66.7% |
| Income from current assets | 751 | €21,903 | €6,431 | -€15,472 | -70.6% |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €23,896 | €311,103 | +€287,208 | +1,202% |
| Recurring financial charges | 65 | €23,896 | €311,103 | +€287,208 | +1,202% |
| Debt charges | 650 | €23,669 | €28,017 | +€4,348 | +18.4% |
| Other financial charges | 652/9 | €227 | €283,086 | +€282,859 | +124,668% |
| Profit (loss) for the period before taxes | 9903 | €584,419 | €724,231 | +€139,813 | +23.9% |
| Income taxes | 67/77 | - | €214 | +€214 | |
| Taxes | 670/3 | - | €214 | +€214 | |
| Profit (loss) for the period | 9904 | €584,419 | €724,017 | +€139,599 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €584,419 | €724,017 | +€139,599 | +23.9% |
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 15 October 2026 via checked.be.