Mepiso: what changed
Two fiscal 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.
Mepiso
Largest movements
- Tangible fixed assets +€63,436
up €63,436 (+11.2%), from €566,844 to €630,280
of which Land and buildings: +€61,608
- Debts after one year +€32,929
up €32,929 (+16.7%), from €196,875 to €229,805
- Other debts +€26,876
up €26,876 (+4.9%), from €545,222 to €572,098
- Gross operating margin -€1,018
down €1,018 (-2.7%), from €38,200 to €37,183
- Financial charges +€704
up €704 (+16.5%), from €4,260 to €4,964
- Other operating charges -€621
down €621 (-12.4%), from €5,013 to €4,392
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 | €805,385 | €879,640 | +€74,255 | +9.2% |
| Fixed assets | 21/28 | €566,844 | €630,280 | +€63,436 | +11.2% |
| Tangible fixed assets | 22/27 | €566,844 | €630,280 | +€63,436 | +11.2% |
| Land and buildings | 22 | €566,844 | €628,452 | +€61,608 | +10.9% |
| Furniture and vehicles | 24 | - | €1,828 | +€1,828 | |
| Current assets | 29/58 | €238,541 | €249,359 | +€10,819 | +4.5% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Trade receivables | 290 | €250 | €250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €234,698 | €240,330 | +€5,632 | +2.4% |
| Trade receivables | 40 | - | €6,000 | +€6,000 | |
| Other amounts receivable | 41 | €234,698 | €234,330 | -€368 | -0.2% |
| Cash at bank and in hand | 54/58 | €1,982 | €8,444 | +€6,462 | +326.0% |
| Deferred charges and accrued income | 490/1 | €1,611 | €336 | -€1,275 | -79.2% |
| Total equity and liabilities | 10/49 | €805,385 | €879,640 | +€74,255 | +9.2% |
| Equity | 10/15 | €44,688 | €47,899 | +€3,211 | +7.2% |
| Contributions | 10/11 | €408,320 | €408,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€363,631 | -€360,421 | +€3,211 | +0.9% |
| Amounts payable | 17/49 | €760,696 | €831,741 | +€71,044 | +9.3% |
| Amounts payable after more than one year | 17 | €196,875 | €229,805 | +€32,929 | +16.7% |
| Financial debts | 170/4 | €196,875 | €229,805 | +€32,929 | +16.7% |
| Amounts payable within one year | 42/48 | €563,821 | €601,936 | +€38,115 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €17,466 | €17,686 | +€220 | +1.3% |
| Trade debts | 44 | €1,121 | €8,743 | +€7,621 | +679.6% |
| Suppliers | 440/4 | €1,121 | €8,743 | +€7,621 | +679.6% |
| Taxes, remuneration and social security | 45 | €12 | €3,410 | +€3,398 | +28673.2% |
| Taxes | 450/3 | €12 | €3,410 | +€3,398 | +28673.2% |
| Other amounts payable | 47/48 | €545,222 | €572,098 | +€26,876 | +4.9% |
| Non-recurring operating income | 76A | €4,337 | €0 | -€4,337 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,487 | €24,615 | +€129 | +0.5% |
| Other operating charges | 640/8 | €5,013 | €4,392 | -€621 | -12.4% |
| Gross operating margin | 9900 | €38,200 | €37,183 | -€1,018 | -2.7% |
| Operating profit (loss) | 9901 | €8,700 | €8,175 | -€525 | -6.0% |
| Financial charges | 65/66B | €4,260 | €4,964 | +€704 | +16.5% |
| Recurring financial charges | 65 | €4,260 | €4,964 | +€704 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €4,440 | €3,211 | -€1,230 | -27.7% |
| Profit (loss) for the period | 9904 | €4,440 | €3,211 | -€1,230 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,440 | €3,211 | -€1,230 | -27.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.