M.P.B.: 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.P.B.
Largest movements
- Receivables within one year +€36,574
up €36,574, from €0 to €36,574
- Tangible fixed assets -€12,307
down €12,307 (-4.0%), from €307,514 to €295,206
- Other debts +€25,528
up €25,528 (+14.1%), from €181,387 to €206,915
- Depreciation +€3,228
up €3,228 (+28.0%), from €11,518 to €14,745
- Gross operating margin +€2,327
up €2,327 (+13.2%), from €17,649 to €19,976
- Financial charges +€377
up €377 (+1321.1%), from €29 to €405
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.
Cash bridge derived
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 | €311,431 | €335,467 | +€24,036 | +7.7% |
| Fixed assets | 21/28 | €307,514 | €295,206 | -€12,307 | -4.0% |
| Tangible fixed assets | 22/27 | €307,514 | €295,206 | -€12,307 | -4.0% |
| Land and buildings | 22 | €307,514 | €295,206 | -€12,307 | -4.0% |
| Current assets | 29/58 | €3,918 | €40,261 | +€36,343 | +927.6% |
| Amounts receivable within one year | 40/41 | €0 | €36,574 | +€36,574 | |
| Other amounts receivable | 41 | €0 | €36,574 | +€36,574 | |
| Cash at bank and in hand | 54/58 | €750 | €399 | -€351 | -46.8% |
| Deferred charges and accrued income | 490/1 | €3,167 | €3,288 | +€120 | +3.8% |
| Total equity and liabilities | 10/49 | €311,431 | €335,467 | +€24,036 | +7.7% |
| Equity | 10/15 | €127,190 | €128,044 | +€853 | +0.7% |
| Contributions | 10/11 | €181,500 | €181,500 | = | 0.0% |
| Capital | 10 | €181,500 | €181,500 | = | 0.0% |
| Issued capital | 100 | €181,500 | €181,500 | = | 0.0% |
| Reserves | 13 | €122 | €122 | = | 0.0% |
| Non-distributable reserves | 130/1 | €122 | €122 | = | 0.0% |
| Legal reserve | 130 | €122 | €122 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,432 | -€53,578 | +€853 | +1.6% |
| Amounts payable | 17/49 | €184,241 | €207,424 | +€23,183 | +12.6% |
| Amounts payable within one year | 42/48 | €184,241 | €207,424 | +€23,183 | +12.6% |
| Trade debts | 44 | €2,854 | €508 | -€2,345 | -82.2% |
| Suppliers | 440/4 | €2,854 | €508 | -€2,345 | -82.2% |
| Other amounts payable | 47/48 | €181,387 | €206,915 | +€25,528 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,518 | €14,745 | +€3,228 | +28.0% |
| Other operating charges | 640/8 | €3,853 | €3,973 | +€119 | +3.1% |
| Gross operating margin | 9900 | €17,649 | €19,976 | +€2,327 | +13.2% |
| Operating profit (loss) | 9901 | €2,278 | €1,258 | -€1,020 | -44.8% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €29 | €405 | +€377 | +1321.1% |
| Recurring financial charges | 65 | €29 | €405 | +€377 | +1321.1% |
| Profit (loss) for the period before taxes | 9903 | €2,250 | €853 | -€1,397 | -62.1% |
| Profit (loss) for the period | 9904 | €2,250 | €853 | -€1,397 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,250 | €853 | -€1,397 | -62.1% |
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 12 October 2026 via checked.be.