MEPO: 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.
MEPO
Largest movements
- Tangible fixed assets -€15,187
down €15,187 (-4.6%), from €331,834 to €316,648
of which Furniture and vehicles: -€9,392
- Profit (loss) carried forward -€26,558
down €26,558 (-12.3%), from -€216,263 to -€242,820
- Other debts +€10,947
up €10,947 (+10.9%), from €100,069 to €111,015
- Gross operating margin -€16,547
down €16,547, from €11,771 to -€4,776
- Depreciation -€1,732
down €1,732 (-8.6%), from €20,140 to €18,408
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 | €339,962 | €326,301 | -€13,661 | -4.0% |
| Fixed assets | 21/28 | €331,834 | €316,648 | -€15,187 | -4.6% |
| Tangible fixed assets | 22/27 | €331,834 | €316,648 | -€15,187 | -4.6% |
| Land and buildings | 22 | €313,930 | €309,435 | -€4,495 | -1.4% |
| Plant, machinery and equipment | 23 | €4,643 | €3,343 | -€1,300 | -28.0% |
| Furniture and vehicles | 24 | €13,262 | €3,870 | -€9,392 | -70.8% |
| Current assets | 29/58 | €8,128 | €9,653 | +€1,525 | +18.8% |
| Cash at bank and in hand | 54/58 | €8,128 | €9,006 | +€878 | +10.8% |
| Deferred charges and accrued income | 490/1 | - | €648 | +€648 | |
| Total equity and liabilities | 10/49 | €339,962 | €326,301 | -€13,661 | -4.0% |
| Equity | 10/15 | €237,494 | €210,936 | -€26,558 | -11.2% |
| Contributions | 10/11 | €200,794 | €200,794 | = | 0.0% |
| Capital | 10 | €200,794 | €200,794 | = | 0.0% |
| Issued capital | 100 | €200,794 | €200,794 | = | 0.0% |
| Revaluation surpluses | 12 | €252,963 | €252,963 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,263 | -€242,820 | -€26,558 | -12.3% |
| Amounts payable | 17/49 | €102,469 | €115,365 | +€12,897 | +12.6% |
| Amounts payable within one year | 42/48 | €102,469 | €113,415 | +€10,947 | +10.7% |
| Trade debts | 44 | €2,400 | €2,400 | = | 0.0% |
| Suppliers | 440/4 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €100,069 | €111,015 | +€10,947 | +10.9% |
| Accrued charges and deferred income | 492/3 | - | €1,950 | +€1,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,140 | €18,408 | -€1,732 | -8.6% |
| Other operating charges | 640/8 | €3,088 | €3,062 | -€25 | -0.8% |
| Gross operating margin | 9900 | €11,771 | -€4,776 | -€16,547 | |
| Operating profit (loss) | 9901 | -€11,457 | -€26,247 | -€14,789 | -129.1% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €75 | €75 | +€0 | +0.7% |
| Recurring financial charges | 65 | €75 | €75 | +€0 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,529 | -€26,322 | -€14,792 | -128.3% |
| Income taxes | 67/77 | €231 | €236 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | -€11,760 | -€26,558 | -€14,797 | -125.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,760 | -€26,558 | -€14,797 | -125.8% |
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 1 October 2026 via checked.be.