mepp: what changed
mepp
Largest movements
- Stocks and contracts +€66,369
up €66,369, from €0 to €66,369
of which Contracts in progress: +€47,394
- Cash -€54,141
down €54,141 (-64.7%), from €83,616 to €29,476
mainly Stocks and contracts (-€66,369) and Investment in fixed assets (net) (-€37,617)
- Tangible fixed assets +€22,061
up €22,061 (+16.9%), from €130,789 to €152,850
of which Furniture and vehicles: +€27,855
- Receivables within one year +€15,626
up €15,626 (+226%), from €6,926 to €22,552
of which Trade receivables: +€13,550
- Debts after one year +€26,981
up €26,981 (+539%), from €5,001 to €31,982
- Trade debts +€21,979
up €21,979 (+415%), from €5,298 to €27,277
- Current portion of long-term debt -€2,984
down €2,984 (-29.4%), from €10,164 to €7,181
- Gross operating margin -€19,056
down €19,056 (-44.2%), from €43,099 to €24,044
- Taxes -€4,487
down €4,487 (-83.5%), from €5,375 to €889
- Staff costs -€2,155
down €2,155 (-41.9%), from €5,146 to €2,991
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €225,298 | €274,602 | +€49,304 | +21.9% |
| Fixed assets | 21/28 | €130,789 | €152,850 | +€22,061 | +16.9% |
| Tangible fixed assets | 22/27 | €130,789 | €152,850 | +€22,061 | +16.9% |
| Land and buildings | 22 | €90,152 | €91,886 | +€1,733 | +1.9% |
| Plant, machinery and equipment | 23 | €30,412 | €22,885 | -€7,527 | -24.8% |
| Furniture and vehicles | 24 | €10,224 | €38,079 | +€27,855 | +272% |
| Current assets | 29/58 | €94,509 | €121,752 | +€27,243 | +28.8% |
| Stocks and contracts in progress | 3 | €0 | €66,369 | +€66,369 | |
| Stocks | 30/36 | - | €18,975 | +€18,975 | |
| Contracts in progress | 37 | €0 | €47,394 | +€47,394 | |
| Amounts receivable within one year | 40/41 | €6,926 | €22,552 | +€15,626 | +226% |
| Trade receivables | 40 | €131 | €13,681 | +€13,550 | +10,309% |
| Other amounts receivable | 41 | €6,794 | €8,871 | +€2,076 | +30.6% |
| Cash at bank and in hand | 54/58 | €83,616 | €29,476 | -€54,141 | -64.7% |
| Deferred charges and accrued income | 490/1 | €3,967 | €3,356 | -€611 | -15.4% |
| Total equity and liabilities | 10/49 | €225,298 | €274,602 | +€49,304 | +21.9% |
| Equity | 10/15 | €198,380 | €200,400 | +€2,020 | +1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €98,380 | €100,400 | +€2,020 | +2.1% |
| Distributable reserves | 133 | €98,380 | €100,400 | +€2,020 | +2.1% |
| Amounts payable | 17/49 | €26,918 | €74,202 | +€47,284 | +176% |
| Amounts payable after more than one year | 17 | €5,001 | €31,982 | +€26,981 | +539% |
| Financial debts | 170/4 | €5,001 | €31,982 | +€26,981 | +539% |
| Amounts payable within one year | 42/48 | €21,917 | €42,221 | +€20,304 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | €10,164 | €7,181 | -€2,984 | -29.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,298 | €27,277 | +€21,979 | +415% |
| Suppliers | 440/4 | €5,298 | €27,277 | +€21,979 | +415% |
| Taxes, remuneration and social security | 45 | €1,872 | €1,500 | -€372 | -19.9% |
| Taxes | 450/3 | €372 | €0 | -€372 | -100% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €4,583 | €6,263 | +€1,680 | +36.7% |
| Remuneration, social security and pensions | 62 | €5,146 | €2,991 | -€2,155 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,646 | €15,556 | -€90 | -0.6% |
| Other operating charges | 640/8 | €2,175 | €2,115 | -€60 | -2.8% |
| Gross operating margin | 9900 | €43,099 | €24,044 | -€19,056 | -44.2% |
| Operating profit (loss) | 9901 | €20,132 | €3,382 | -€16,750 | -83.2% |
| Financial income | 75/76B | €44 | €164 | +€120 | +274% |
| Recurring financial income | 75 | €44 | €164 | +€120 | +274% |
| Financial charges | 65/66B | €632 | €638 | +€5 | +0.8% |
| Recurring financial charges | 65 | €632 | €638 | +€5 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €19,544 | €2,909 | -€16,635 | -85.1% |
| Income taxes | 67/77 | €5,375 | €889 | -€4,487 | -83.5% |
| Profit (loss) for the period | 9904 | €14,169 | €2,020 | -€12,149 | -85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,169 | €2,020 | -€12,149 | -85.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.