MEPA Recyclage: 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.
MEPA Recyclage
Largest movements
- Stocks and contracts -€64,670
down €64,670 (-69.8%), from €92,670 to €28,000
- Receivables within one year +€40,819
up €40,819 (+358%), from €11,397 to €52,217
of which Trade receivables: +€43,434
- Cash +€21,887
up €21,887 (+49.2%), from €44,454 to €66,341
mainly Other debts (+€77,990) and Stocks and contracts (+€64,670)
- Deferred charges and accrued income +€1,632
up €1,632 (+155%), from €1,050 to €2,682
- Other debts +€77,990
up €77,990 (+131%), from €59,402 to €137,392
- Profit (loss) carried forward -€32,506
new in 2026: -€32,506
- Trade debts -€25,191
down €25,191 (-36.9%), from €68,308 to €43,118
- Reserves -€16,356
down €16,356 (-100%), from €16,356 to €0
- Tax, wage and social debts -€5,443
down €5,443 (-100%), from €5,443 to €0
of which Taxes: -€5,431
- Gross operating margin -€55,898
down €55,898 (-90.7%), from €61,660 to €5,763
- Write-downs +€52,500
new in 2026: €52,500
- Staff costs -€36,754
down €36,754, from €36,520 to -€233
- Taxes -€5,521
down €5,521 (-100%), from €5,521 to €0
- Other operating charges -€1,505
down €1,505 (-56.7%), from €2,652 to €1,147
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €154,509 | €153,003 | -€1,506 | -1.0% |
| Fixed assets | 21/28 | €4,937 | €3,762 | -€1,175 | -23.8% |
| Tangible fixed assets | 22/27 | €4,937 | €3,762 | -€1,175 | -23.8% |
| Plant, machinery and equipment | 23 | €4,937 | €3,762 | -€1,175 | -23.8% |
| Current assets | 29/58 | €149,571 | €149,241 | -€331 | -0.2% |
| Stocks and contracts in progress | 3 | €92,670 | €28,000 | -€64,670 | -69.8% |
| Stocks | 30/36 | €92,670 | €28,000 | -€64,670 | -69.8% |
| Amounts receivable within one year | 40/41 | €11,397 | €52,217 | +€40,819 | +358% |
| Trade receivables | 40 | €8,003 | €51,437 | +€43,434 | +543% |
| Other amounts receivable | 41 | €3,395 | €780 | -€2,615 | -77.0% |
| Cash at bank and in hand | 54/58 | €44,454 | €66,341 | +€21,887 | +49.2% |
| Deferred charges and accrued income | 490/1 | €1,050 | €2,682 | +€1,632 | +155% |
| Total equity and liabilities | 10/49 | €154,509 | €153,003 | -€1,506 | -1.0% |
| Equity | 10/15 | €21,356 | -€27,506 | -€48,862 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,356 | €0 | -€16,356 | -100% |
| Distributable reserves | 133 | €16,356 | €0 | -€16,356 | -100% |
| Profit (loss) carried forward | 14 | - | -€32,506 | -€32,506 | |
| Amounts payable | 17/49 | €133,153 | €180,509 | +€47,356 | +35.6% |
| Amounts payable within one year | 42/48 | €133,153 | €180,509 | +€47,356 | +35.6% |
| Trade debts | 44 | €68,308 | €43,118 | -€25,191 | -36.9% |
| Suppliers | 440/4 | €68,308 | €43,118 | -€25,191 | -36.9% |
| Taxes, remuneration and social security | 45 | €5,443 | €0 | -€5,443 | -100% |
| Taxes | 450/3 | €5,431 | €0 | -€5,431 | -100% |
| Remuneration and social security | 454/9 | €11 | €0 | -€11 | -100% |
| Other amounts payable | 47/48 | €59,402 | €137,392 | +€77,990 | +131% |
| Remuneration, social security and pensions | 62 | €36,520 | -€233 | -€36,754 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €938 | €1,175 | +€238 | +25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €52,500 | +€52,500 | |
| Other operating charges | 640/8 | €2,652 | €1,147 | -€1,505 | -56.7% |
| Gross operating margin | 9900 | €61,660 | €5,763 | -€55,898 | -90.7% |
| Operating profit (loss) | 9901 | €21,550 | -€48,826 | -€70,376 | |
| Financial income | 75/76B | €438 | €91 | -€347 | -79.2% |
| Recurring financial income | 75 | €438 | €91 | -€347 | -79.2% |
| Financial charges | 65/66B | €113 | €127 | +€15 | +12.9% |
| Recurring financial charges | 65 | €113 | €127 | +€15 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €21,876 | -€48,862 | -€70,738 | |
| Income taxes | 67/77 | €5,521 | €0 | -€5,521 | -100% |
| Profit (loss) for the period | 9904 | €16,356 | -€48,862 | -€65,218 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,356 | -€48,862 | -€65,218 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.