MEPY BENELUX: 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.
MEPY BENELUX
Largest movements
- Cash +€391,333
up €391,333 (+299%), from €130,793 to €522,125
mainly Current investments (+€297,000) and Trade debts (+€36,293)
- Current investments -€297,000
down €297,000 (-100%), from €297,000 to €0
- Receivables within one year -€22,347
down €22,347 (-20.4%), from €109,406 to €87,060
of which Trade receivables: -€41,723
- Tangible fixed assets -€14,303
down €14,303 (-15.3%), from €93,396 to €79,093
of which Furniture and vehicles: -€13,312
- Receivables after one year -€12,079
down €12,079 (-60.3%), from €20,020 to €7,941
- Trade debts +€36,293
up €36,293 (+48.3%), from €75,080 to €111,372
- Reserves +€9,656
up €9,656 (+1.7%), from €558,494 to €568,150
of which Distributable reserves: +€11,516
- Other debts -€9,270
down €9,270 (-83.0%), from €11,166 to €1,896
- Depreciation -€7,913
down €7,913 (-63.4%), from €12,475 to €4,562
- Financial charges -€3,098
down €3,098 (-45.1%), from €6,871 to €3,772
- Gross operating margin -€3,071
down €3,071 (-16.4%), from €18,724 to €15,653
- Financial income +€1,981
up €1,981 (+36.3%), from €5,452 to €7,433
- Other operating charges +€1,520
up €1,520 (+66.0%), from €2,304 to €3,824
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 | €665,679 | €700,560 | +€34,880 | +5.2% |
| Fixed assets | 21/28 | €93,396 | €79,093 | -€14,303 | -15.3% |
| Tangible fixed assets | 22/27 | €93,396 | €79,093 | -€14,303 | -15.3% |
| Land and buildings | 22 | €73,200 | €71,339 | -€1,861 | -2.5% |
| Plant, machinery and equipment | 23 | €205 | €1,075 | +€870 | +424% |
| Furniture and vehicles | 24 | €19,991 | €6,679 | -€13,312 | -66.6% |
| Current assets | 29/58 | €572,283 | €621,467 | +€49,183 | +8.6% |
| Amounts receivable after more than one year | 29 | €20,020 | €7,941 | -€12,079 | -60.3% |
| Other amounts receivable | 291 | €20,020 | €7,941 | -€12,079 | -60.3% |
| Stocks and contracts in progress | 3 | €4,000 | €4,000 | = | 0.0% |
| Stocks | 30/36 | €4,000 | €4,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €109,406 | €87,060 | -€22,347 | -20.4% |
| Trade receivables | 40 | €108,310 | €66,587 | -€41,723 | -38.5% |
| Other amounts receivable | 41 | €1,097 | €20,473 | +€19,376 | +1,767% |
| Current investments | 50/53 | €297,000 | €0 | -€297,000 | -100% |
| Cash at bank and in hand | 54/58 | €130,793 | €522,125 | +€391,333 | +299% |
| Deferred charges and accrued income | 490/1 | €11,064 | €340 | -€10,724 | -96.9% |
| Total equity and liabilities | 10/49 | €665,679 | €700,560 | +€34,880 | +5.2% |
| Equity | 10/15 | €572,194 | €581,850 | +€9,656 | +1.7% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €558,494 | €568,150 | +€9,656 | +1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €556,634 | €568,150 | +€11,516 | +2.1% |
| Amounts payable | 17/49 | €93,486 | €118,710 | +€25,224 | +27.0% |
| Amounts payable within one year | 42/48 | €93,247 | €118,072 | +€24,825 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €4,303 | €0 | -€4,303 | -100% |
| Trade debts | 44 | €75,080 | €111,372 | +€36,293 | +48.3% |
| Suppliers | 440/4 | €75,080 | €111,372 | +€36,293 | +48.3% |
| Taxes, remuneration and social security | 45 | €2,698 | €4,803 | +€2,105 | +78.0% |
| Taxes | 450/3 | €2,698 | €4,803 | +€2,105 | +78.0% |
| Other amounts payable | 47/48 | €11,166 | €1,896 | -€9,270 | -83.0% |
| Accrued charges and deferred income | 492/3 | €239 | €638 | +€399 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,475 | €4,562 | -€7,913 | -63.4% |
| Other operating charges | 640/8 | €2,304 | €3,824 | +€1,520 | +66.0% |
| Gross operating margin | 9900 | €18,724 | €15,653 | -€3,071 | -16.4% |
| Operating profit (loss) | 9901 | €3,945 | €7,267 | +€3,322 | +84.2% |
| Financial income | 75/76B | €5,452 | €7,433 | +€1,981 | +36.3% |
| Recurring financial income | 75 | €5,452 | €7,433 | +€1,981 | +36.3% |
| Financial charges | 65/66B | €6,871 | €3,772 | -€3,098 | -45.1% |
| Recurring financial charges | 65 | €6,871 | €3,772 | -€3,098 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €2,527 | €10,928 | +€8,401 | +333% |
| Income taxes | 67/77 | €242 | €1,272 | +€1,029 | +424% |
| Profit (loss) for the period | 9904 | €2,284 | €9,656 | +€7,372 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €2,284 | €9,656 | +€7,372 | +323% |
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 26 October 2026 via checked.be.