MERIPAR: 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.
MERIPAR
Largest movements
- Current investments +€145,658
up €145,658 (+481%), from €30,253 to €175,911
- Receivables within one year -€53,053
down €53,053 (-52.8%), from €100,512 to €47,459
of which Trade receivables: -€48,806
- Cash +€16,020
up €16,020 (+76.0%), from €21,078 to €37,097
mainly Other debts (+€113,883) and Receivables within one year (+€53,053)
- Deferred charges and accrued income -€4,221
down €4,221 (-31.3%), from €13,493 to €9,272
- Other debts +€113,883
up €113,883 (+12,018%), from €948 to €114,831
- Reserves +€15,892
new in 2025: €15,892
- Tax, wage and social debts -€14,970
down €14,970 (-72.9%), from €20,546 to €5,576
- Accrued charges and deferred income -€11,288
down €11,288 (-19.5%), from €57,973 to €46,685
- Trade debts +€3,641
up €3,641 (+27.3%), from €13,323 to €16,964
- Gross operating margin -€12,378
down €12,378 (-26.9%), from €45,968 to €33,590
- Financial charges +€4,625
up €4,625 (+156%), from €2,973 to €7,599
- Taxes -€2,941
down €2,941 (-23.9%), from €12,284 to €9,344
- Other operating charges -€2,701
down €2,701 (-74.7%), from €3,617 to €916
- Financial income +€779
up €779 (+530%), from €147 to €926
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 | €165,821 | €271,980 | +€106,159 | +64.0% |
| Fixed assets | 21/28 | €486 | €2,241 | +€1,755 | +361% |
| Tangible fixed assets | 22/27 | €486 | €2,241 | +€1,755 | +361% |
| Furniture and vehicles | 24 | €486 | €2,241 | +€1,755 | +361% |
| Current assets | 29/58 | €165,336 | €269,740 | +€104,404 | +63.1% |
| Amounts receivable within one year | 40/41 | €100,512 | €47,459 | -€53,053 | -52.8% |
| Trade receivables | 40 | €90,077 | €41,271 | -€48,806 | -54.2% |
| Other amounts receivable | 41 | €10,435 | €6,188 | -€4,247 | -40.7% |
| Current investments | 50/53 | €30,253 | €175,911 | +€145,658 | +481% |
| Cash at bank and in hand | 54/58 | €21,078 | €37,097 | +€16,020 | +76.0% |
| Deferred charges and accrued income | 490/1 | €13,493 | €9,272 | -€4,221 | -31.3% |
| Total equity and liabilities | 10/49 | €165,821 | €271,980 | +€106,159 | +64.0% |
| Equity | 10/15 | €62,865 | €78,758 | +€15,893 | +25.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | - | €15,892 | +€15,892 | |
| Distributable reserves | 133 | - | €15,892 | +€15,892 | |
| Profit (loss) carried forward | 14 | €44,273 | €44,274 | +€1 | 0.0% |
| Amounts payable | 17/49 | €102,956 | €193,223 | +€90,267 | +87.7% |
| Amounts payable within one year | 42/48 | €44,983 | €146,538 | +€101,554 | +226% |
| Financial debts | 43 | €9,167 | €9,167 | = | 0.0% |
| Credit institutions | 430/8 | €9,167 | €9,167 | = | 0.0% |
| Trade debts | 44 | €13,323 | €16,964 | +€3,641 | +27.3% |
| Suppliers | 440/4 | €13,323 | €16,964 | +€3,641 | +27.3% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €20,546 | €5,576 | -€14,970 | -72.9% |
| Taxes | 450/3 | €20,546 | €5,576 | -€14,970 | -72.9% |
| Other amounts payable | 47/48 | €948 | €114,831 | +€113,883 | +12,018% |
| Accrued charges and deferred income | 492/3 | €57,973 | €46,685 | -€11,288 | -19.5% |
| Non-recurring operating income | 76A | €3,091 | - | -€3,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €766 | -€152 | -16.5% |
| Other operating charges | 640/8 | €3,617 | €916 | -€2,701 | -74.7% |
| Gross operating margin | 9900 | €45,968 | €33,590 | -€12,378 | -26.9% |
| Operating profit (loss) | 9901 | €41,433 | €31,909 | -€9,525 | -23.0% |
| Financial income | 75/76B | €147 | €926 | +€779 | +530% |
| Recurring financial income | 75 | €147 | €926 | +€779 | +530% |
| Financial charges | 65/66B | €2,973 | €7,599 | +€4,625 | +156% |
| Recurring financial charges | 65 | €2,973 | €7,599 | +€4,625 | +156% |
| Profit (loss) for the period before taxes | 9903 | €38,607 | €25,236 | -€13,371 | -34.6% |
| Income taxes | 67/77 | €12,284 | €9,344 | -€2,941 | -23.9% |
| Profit (loss) for the period | 9904 | €26,323 | €15,893 | -€10,430 | -39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,323 | €15,893 | -€10,430 | -39.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.