M-LP: 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-LP
Largest movements
- Tangible fixed assets -€30,824
down €30,824 (-2.8%), from €1.1m to €1.1m
- Other debts -€15,181
down €15,181 (-1.3%), from €1.2m to €1.2m
- Profit (loss) carried forward -€15,171
down €15,171 (-18.3%), from -€83,080 to -€98,251
- Gross operating margin -€5,510
down €5,510 (-20.0%), from €27,523 to €22,013
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 | €1,122,860 | €1,092,508 | -€30,352 | -2.7% |
| Fixed assets | 21/28 | €1,116,283 | €1,085,459 | -€30,824 | -2.8% |
| Tangible fixed assets | 22/27 | €1,116,283 | €1,085,459 | -€30,824 | -2.8% |
| Land and buildings | 22 | €1,116,283 | €1,085,459 | -€30,824 | -2.8% |
| Current assets | 29/58 | €6,577 | €7,049 | +€472 | +7.2% |
| Cash at bank and in hand | 54/58 | €6,577 | €7,049 | +€472 | +7.2% |
| Total equity and liabilities | 10/49 | €1,122,860 | €1,092,508 | -€30,352 | -2.7% |
| Equity | 10/15 | -€82,980 | -€98,151 | -€15,171 | -18.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€83,080 | -€98,251 | -€15,171 | -18.3% |
| Amounts payable | 17/49 | €1,205,840 | €1,190,659 | -€15,181 | -1.3% |
| Amounts payable within one year | 42/48 | €1,205,840 | €1,190,659 | -€15,181 | -1.3% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €1,205,840 | €1,190,659 | -€15,181 | -1.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,824 | €30,824 | = | 0.0% |
| Other operating charges | 640/8 | €5,680 | €5,860 | +€180 | +3.2% |
| Gross operating margin | 9900 | €27,523 | €22,013 | -€5,510 | -20.0% |
| Operating profit (loss) | 9901 | -€8,981 | -€14,671 | -€5,690 | -63.4% |
| Financial charges | 65/66B | €500 | €500 | = | 0.0% |
| Recurring financial charges | 65 | €500 | €500 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,481 | -€15,171 | -€5,690 | -60.0% |
| Profit (loss) for the period | 9904 | -€9,481 | -€15,171 | -€5,690 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,481 | -€15,171 | -€5,690 | -60.0% |
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 13 October 2026 via checked.be.