MEPLAX: 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.
MEPLAX
Largest movements
- Cash -€36,353
down €36,353 (-40.9%), from €88,851 to €52,499
mainly Investment in fixed assets (net) (-€48,799) and Receivables within one year (-€7,589)
- Tangible fixed assets +€32,814
up €32,814 (+44.0%), from €74,507 to €107,321
- Receivables within one year +€7,589
up €7,589 (+38.0%), from €19,984 to €27,573
of which Other amounts receivable: +€6,054
- Profit (loss) carried forward +€2,904
up €2,904 (+2.0%), from €141,954 to €144,858
- Depreciation -€13,811
down €13,811 (-46.4%), from €29,796 to €15,985
- Gross operating margin -€4,898
down €4,898 (-4.9%), from €100,739 to €95,840
- Taxes +€2,396
up €2,396, from -€67 to €2,329
- Financial charges +€1,922
up €1,922 (+1,447%), from €133 to €2,055
of which Non-recurring financial charges: +€1,921
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 | €183,342 | €187,393 | +€4,051 | +2.2% |
| Fixed assets | 21/28 | €74,507 | €107,321 | +€32,814 | +44.0% |
| Tangible fixed assets | 22/27 | €74,507 | €107,321 | +€32,814 | +44.0% |
| Furniture and vehicles | 24 | €74,507 | €107,321 | +€32,814 | +44.0% |
| Current assets | 29/58 | €108,835 | €80,072 | -€28,763 | -26.4% |
| Amounts receivable within one year | 40/41 | €19,984 | €27,573 | +€7,589 | +38.0% |
| Trade receivables | 40 | €5,131 | €6,666 | +€1,535 | +29.9% |
| Other amounts receivable | 41 | €14,853 | €20,907 | +€6,054 | +40.8% |
| Cash at bank and in hand | 54/58 | €88,851 | €52,499 | -€36,353 | -40.9% |
| Total equity and liabilities | 10/49 | €183,342 | €187,393 | +€4,051 | +2.2% |
| Equity | 10/15 | €162,405 | €165,309 | +€2,904 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,954 | €144,858 | +€2,904 | +2.0% |
| Amounts payable | 17/49 | €20,937 | €22,084 | +€1,147 | +5.5% |
| Amounts payable within one year | 42/48 | €14,453 | €15,478 | +€1,025 | +7.1% |
| Trade debts | 44 | €6,299 | €5,474 | -€825 | -13.1% |
| Suppliers | 440/4 | €6,299 | €5,474 | -€825 | -13.1% |
| Taxes, remuneration and social security | 45 | €8,154 | €10,004 | +€1,850 | +22.7% |
| Taxes | 450/3 | €589 | €2,119 | +€1,530 | +260% |
| Remuneration and social security | 454/9 | €7,564 | €7,885 | +€321 | +4.2% |
| Accrued charges and deferred income | 492/3 | €6,484 | €6,606 | +€122 | +1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €70,252 | €69,814 | -€438 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,796 | €15,985 | -€13,811 | -46.4% |
| Other operating charges | 640/8 | €2,247 | €2,757 | +€510 | +22.7% |
| Gross operating margin | 9900 | €100,739 | €95,840 | -€4,898 | -4.9% |
| Operating profit (loss) | 9901 | -€1,557 | €7,284 | +€8,841 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €133 | €2,055 | +€1,922 | +1,447% |
| Recurring financial charges | 65 | €133 | €134 | +€1 | +1.0% |
| Non-recurring financial charges | 66B | - | €1,921 | +€1,921 | |
| Profit (loss) for the period before taxes | 9903 | -€1,689 | €5,233 | +€6,922 | |
| Income taxes | 67/77 | -€67 | €2,329 | +€2,396 | |
| Profit (loss) for the period | 9904 | -€1,622 | €2,904 | +€4,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,622 | €2,904 | +€4,526 |
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.