MEPY: 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.
MEPY
Largest movements
- Tangible fixed assets +€986,909
up €986,909 (+534.8%), from €184,526 to €1.2m
- Financial fixed assets -€175,000
no longer reported in 2024 (was €175,000)
- Cash +€148,410
up €148,410 (+33.1%), from €448,123 to €596,533
mainly Contributions, distributions and other (+€1.0m) and Receivables within one year (+€19,177)
- Revaluation surpluses +€1.0m
new in 2024: €1.0m
- Profit (loss) carried forward -€81,919
down €81,919 (-17.4%), from -€472,152 to -€554,071
- Financial charges +€152,531
up €152,531 (+543.0%), from €28,092 to €180,623
of which Financial charges: +€100,435
- Financial income +€88,854
new in 2024: €88,854
- Gross operating margin +€64,061
up €64,061, from -€4,969 to €59,092
- Depreciation -€9,220
down €9,220 (-41.3%), from €22,311 to €13,091
- Other operating charges -€3,585
down €3,585 (-9.0%), from €39,736 to €36,151
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,220,753 | €3,161,895 | +€941,142 | +42.4% |
| Fixed assets | 21/28 | €359,526 | €1,171,435 | +€811,909 | +225.8% |
| Tangible fixed assets | 22/27 | €184,526 | €1,171,435 | +€986,909 | +534.8% |
| Land and buildings | 22 | €184,526 | €1,171,435 | +€986,909 | +534.8% |
| Financial fixed assets | 28 | €175,000 | - | -€175,000 | |
| Current assets | 29/58 | €1,861,227 | €1,990,460 | +€129,233 | +6.9% |
| Stocks and contracts in progress | 3 | €18,816 | €18,816 | = | 0.0% |
| Stocks | 30/36 | €18,816 | €18,816 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,394,288 | €1,375,111 | -€19,177 | -1.4% |
| Trade receivables | 40 | €10,212 | €27,238 | +€17,026 | +166.7% |
| Other amounts receivable | 41 | €1,384,076 | €1,347,873 | -€36,203 | -2.6% |
| Cash at bank and in hand | 54/58 | €448,123 | €596,533 | +€148,410 | +33.1% |
| Total equity and liabilities | 10/49 | €2,220,753 | €3,161,895 | +€941,142 | +42.4% |
| Equity | 10/15 | €60,119 | €978,200 | +€918,081 | +1527.1% |
| Contributions | 10/11 | €527,270 | €527,270 | = | 0.0% |
| Capital | 10 | €527,270 | €527,270 | = | 0.0% |
| Issued capital | 100 | €527,270 | €527,270 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,000,000 | +€1.0m | |
| Reserves | 13 | €5,001 | €5,001 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,001 | €5,001 | = | 0.0% |
| Legal reserve | 130 | €5,001 | €5,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€472,152 | -€554,071 | -€81,919 | -17.4% |
| Amounts payable | 17/49 | €2,160,634 | €2,183,695 | +€23,061 | +1.1% |
| Amounts payable after more than one year | 17 | €1,250,000 | €1,250,000 | = | 0.0% |
| Financial debts | 170/4 | €1,250,000 | €1,250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €910,634 | €933,695 | +€23,061 | +2.5% |
| Trade debts | 44 | €54,774 | €70,787 | +€16,013 | +29.2% |
| Suppliers | 440/4 | €54,774 | €70,787 | +€16,013 | +29.2% |
| Other amounts payable | 47/48 | €855,860 | €862,908 | +€7,048 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,311 | €13,091 | -€9,220 | -41.3% |
| Other operating charges | 640/8 | €39,736 | €36,151 | -€3,585 | -9.0% |
| Gross operating margin | 9900 | -€4,969 | €59,092 | +€64,061 | |
| Operating profit (loss) | 9901 | -€67,016 | €9,850 | +€76,866 | |
| Financial income | 75/76B | - | €88,854 | +€88,854 | |
| Recurring financial income | 75 | - | €88,854 | +€88,854 | |
| Financial charges | 65/66B | €28,092 | €180,623 | +€152,531 | +543.0% |
| Recurring financial charges | 65 | €28,092 | €128,527 | +€100,435 | +357.5% |
| Non-recurring financial charges | 66B | - | €52,096 | +€52,096 | |
| Profit (loss) for the period before taxes | 9903 | -€95,108 | -€81,919 | +€13,189 | +13.9% |
| Profit (loss) for the period | 9904 | -€95,108 | -€81,919 | +€13,189 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€95,108 | -€81,919 | +€13,189 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.