MEPengineers: 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.
MEPengineers
Largest movements
- Tangible fixed assets -€22,470
down €22,470 (-6.0%), from €375,546 to €353,076
of which Land and buildings: -€21,120
- Cash +€16,407
up €16,407 (+14.7%), from €111,822 to €128,229
mainly Other debts (+€106,738) and Net result for the year (+€56,839)
- Receivables within one year -€10,075
down €10,075 (-36.8%), from €27,354 to €17,279
of which Trade receivables: -€5,117
- Reserves -€117,121
down €117,121 (-38.3%), from €306,144 to €189,023
- Other debts +€106,738
up €106,738 (+177%), from €60,407 to €167,145
- Debts after one year -€13,814
down €13,814 (-11.6%), from €119,087 to €105,273
- Tax, wage and social debts +€7,671
up €7,671 (+72.8%), from €10,532 to €18,203
of which Taxes: +€10,831
- Gross operating margin -€11,037
down €11,037 (-9.1%), from €121,875 to €110,838
- Taxes -€1,564
down €1,564 (-6.4%), from €24,586 to €23,021
- Depreciation -€1,469
down €1,469 (-6.1%), from €23,939 to €22,470
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,023 | €498,584 | -€17,439 | -3.4% |
| Fixed assets | 21/28 | €375,546 | €353,076 | -€22,470 | -6.0% |
| Tangible fixed assets | 22/27 | €375,546 | €353,076 | -€22,470 | -6.0% |
| Land and buildings | 22 | €374,195 | €353,076 | -€21,120 | -5.6% |
| Furniture and vehicles | 24 | €1,351 | €0 | -€1,351 | -100% |
| Current assets | 29/58 | €140,477 | €145,508 | +€5,031 | +3.6% |
| Amounts receivable within one year | 40/41 | €27,354 | €17,279 | -€10,075 | -36.8% |
| Trade receivables | 40 | €11,904 | €6,787 | -€5,117 | -43.0% |
| Other amounts receivable | 41 | €15,450 | €10,492 | -€4,958 | -32.1% |
| Cash at bank and in hand | 54/58 | €111,822 | €128,229 | +€16,407 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,301 | €0 | -€1,301 | -100% |
| Total equity and liabilities | 10/49 | €516,023 | €498,584 | -€17,439 | -3.4% |
| Equity | 10/15 | €311,144 | €194,023 | -€117,121 | -37.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €306,144 | €189,023 | -€117,121 | -38.3% |
| Distributable reserves | 133 | €306,144 | €189,023 | -€117,121 | -38.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €204,879 | €304,561 | +€99,682 | +48.7% |
| Amounts payable after more than one year | 17 | €119,087 | €105,273 | -€13,814 | -11.6% |
| Financial debts | 170/4 | €119,087 | €105,273 | -€13,814 | -11.6% |
| Amounts payable within one year | 42/48 | €85,792 | €199,288 | +€113,496 | +132% |
| Current portion of amounts payable after more than one year | 42 | €13,201 | €13,814 | +€614 | +4.6% |
| Trade debts | 44 | €1,652 | €126 | -€1,526 | -92.4% |
| Suppliers | 440/4 | €1,652 | €126 | -€1,526 | -92.4% |
| Taxes, remuneration and social security | 45 | €10,532 | €18,203 | +€7,671 | +72.8% |
| Taxes | 450/3 | €7,372 | €18,203 | +€10,831 | +147% |
| Remuneration and social security | 454/9 | €3,160 | €0 | -€3,160 | -100% |
| Other amounts payable | 47/48 | €60,407 | €167,145 | +€106,738 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,939 | €22,470 | -€1,469 | -6.1% |
| Other operating charges | 640/8 | €2,881 | €2,399 | -€482 | -16.7% |
| Gross operating margin | 9900 | €121,875 | €110,838 | -€11,037 | -9.1% |
| Operating profit (loss) | 9901 | €95,054 | €85,968 | -€9,086 | -9.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €6,625 | €6,108 | -€517 | -7.8% |
| Recurring financial charges | 65 | €6,625 | €6,108 | -€517 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €88,430 | €79,861 | -€8,569 | -9.7% |
| Income taxes | 67/77 | €24,586 | €23,021 | -€1,564 | -6.4% |
| Profit (loss) for the period | 9904 | €63,844 | €56,839 | -€7,005 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,844 | €56,839 | -€7,005 | -11.0% |
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 22 October 2026 via checked.be.