M.L.P.: 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.
M.L.P.
Largest movements
- Receivables within one year +€47,381
up €47,381 (+2.9%), from €1.6m to €1.7m
of which Other amounts receivable: +€45,062
- Cash +€41,610
up €41,610 (+206%), from €20,200 to €61,810
mainly Net result for the year (+€124,048) and Trade debts (+€113,022)
- Stocks and contracts -€36,585
down €36,585 (-56.5%), from €64,729 to €28,144
- Trade debts +€113,022
up €113,022 (+21.3%), from €531,502 to €644,524
- Short-term financial debts -€80,376
no longer reported in 2024 (was €80,376)
- Reserves +€44,048
up €44,048 (+5.4%), from €818,003 to €862,051
of which Distributable reserves: +€44,048
- Other debts -€35,000
down €35,000 (-30.4%), from €115,000 to €80,000
- Tax, wage and social debts +€20,204
up €20,204 (+15.1%), from €133,664 to €153,868
of which Remuneration and social security: +€32,994
- Turnover -€426,452
down €426,452 (-11.1%), from €3.9m to €3.4m
- Purchases and services -€383,763
down €383,763 (-11.1%), from €3.5m to €3.1m
- Gross operating margin -€44,690
down €44,690 (-10.1%), from €443,740 to €399,050
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.
Derived cash bridge
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 | €1,740,545 | €1,802,443 | +€61,898 | +3.6% |
| Fixed assets | 21/28 | €38,564 | €48,537 | +€9,972 | +25.9% |
| Tangible fixed assets | 22/27 | €31,306 | €41,279 | +€9,972 | +31.9% |
| Plant, machinery and equipment | 23 | €20,499 | €27,086 | +€6,586 | +32.1% |
| Furniture and vehicles | 24 | €10,807 | €14,193 | +€3,386 | +31.3% |
| Financial fixed assets | 28 | €7,258 | €7,258 | = | 0.0% |
| Current assets | 29/58 | €1,701,981 | €1,753,906 | +€51,926 | +3.1% |
| Stocks and contracts in progress | 3 | €64,729 | €28,144 | -€36,585 | -56.5% |
| Stocks | 30/36 | €64,729 | €28,144 | -€36,585 | -56.5% |
| Amounts receivable within one year | 40/41 | €1,611,987 | €1,659,368 | +€47,381 | +2.9% |
| Trade receivables | 40 | €19,532 | €21,852 | +€2,320 | +11.9% |
| Other amounts receivable | 41 | €1,592,455 | €1,637,517 | +€45,062 | +2.8% |
| Cash at bank and in hand | 54/58 | €20,200 | €61,810 | +€41,610 | +206% |
| Deferred charges and accrued income | 490/1 | €5,065 | €4,584 | -€480 | -9.5% |
| Total equity and liabilities | 10/49 | €1,740,545 | €1,802,443 | +€61,898 | +3.6% |
| Equity | 10/15 | €880,003 | €924,051 | +€44,048 | +5.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €818,003 | €862,051 | +€44,048 | +5.4% |
| Tax-exempt reserves | 132 | €45,000 | €45,000 | = | 0.0% |
| Distributable reserves | 133 | €773,003 | €817,051 | +€44,048 | +5.7% |
| Amounts payable | 17/49 | €860,542 | €878,392 | +€17,850 | +2.1% |
| Amounts payable within one year | 42/48 | €860,542 | €878,392 | +€17,850 | +2.1% |
| Financial debts | 43 | €80,376 | - | -€80,376 | |
| Credit institutions | 430/8 | €80,376 | - | -€80,376 | |
| Trade debts | 44 | €531,502 | €644,524 | +€113,022 | +21.3% |
| Suppliers | 440/4 | €531,502 | €644,524 | +€113,022 | +21.3% |
| Taxes, remuneration and social security | 45 | €133,664 | €153,868 | +€20,204 | +15.1% |
| Taxes | 450/3 | €69,226 | €56,436 | -€12,790 | -18.5% |
| Remuneration and social security | 454/9 | €64,438 | €97,432 | +€32,994 | +51.2% |
| Other amounts payable | 47/48 | €115,000 | €80,000 | -€35,000 | -30.4% |
| Turnover | 70 | €3,850,782 | €3,424,330 | -€426,452 | -11.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,450,998 | €3,067,235 | -€383,763 | -11.1% |
| Remuneration, social security and pensions | 62 | €219,904 | €231,817 | +€11,913 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,466 | €10,978 | +€3,512 | +47.0% |
| Other operating charges | 640/8 | €6,263 | €5,302 | -€961 | -15.3% |
| Gross operating margin | 9900 | €443,740 | €399,050 | -€44,690 | -10.1% |
| Operating profit (loss) | 9901 | €210,107 | €150,953 | -€59,154 | -28.2% |
| Financial charges | 65/66B | €9,166 | €11,256 | +€2,090 | +22.8% |
| Recurring financial charges | 65 | €9,166 | €11,256 | +€2,090 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €200,941 | €139,697 | -€61,244 | -30.5% |
| Income taxes | 67/77 | €27,320 | €15,648 | -€11,672 | -42.7% |
| Profit (loss) for the period | 9904 | €173,621 | €124,048 | -€49,573 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €173,621 | €124,048 | -€49,573 | -28.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.