M.P.C. CONSTRUCT: 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.C. CONSTRUCT
Largest movements
- Tangible fixed assets -€84,380
down €84,380 (-22.5%), from €375,693 to €291,314
of which Furniture and vehicles: -€69,888
- Cash -€22,308
down €22,308 (-55.5%), from €40,159 to €17,851
mainly Other debts (-€102,047) and Debts after one year (-€23,738)
- Receivables within one year -€16,956
down €16,956 (-56.9%), from €29,808 to €12,852
of which Other amounts receivable: -€13,936
- Other debts -€102,047
down €102,047 (-100.0%), from €102,095 to €48
- Debts after one year -€23,738
down €23,738 (-13.9%), from €171,225 to €147,487
- Current portion of long-term debt -€9,028
down €9,028 (-24.8%), from €36,465 to €27,438
- Tax, wage and social debts +€4,680
up €4,680 (+246%), from €1,900 to €6,580
of which Taxes: +€6,280
- Gross operating margin -€32,754
down €32,754 (-36.7%), from €89,145 to €56,390
- Depreciation -€13,952
down €13,952 (-28.7%), from €48,568 to €34,616
- Financial charges +€1,603
up €1,603 (+28.6%), from €5,605 to €7,208
- Other operating charges -€1,472
down €1,472 (-26.8%), from €5,486 to €4,014
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 | €448,665 | €324,003 | -€124,662 | -27.8% |
| Fixed assets | 21/28 | €375,693 | €291,314 | -€84,380 | -22.5% |
| Tangible fixed assets | 22/27 | €375,693 | €291,314 | -€84,380 | -22.5% |
| Land and buildings | 22 | €266,608 | €252,576 | -€14,032 | -5.3% |
| Plant, machinery and equipment | 23 | €534 | €74 | -€460 | -86.1% |
| Furniture and vehicles | 24 | €108,551 | €38,663 | -€69,888 | -64.4% |
| Current assets | 29/58 | €72,971 | €32,689 | -€40,283 | -55.2% |
| Amounts receivable within one year | 40/41 | €29,808 | €12,852 | -€16,956 | -56.9% |
| Trade receivables | 40 | €9,546 | €6,525 | -€3,021 | -31.6% |
| Other amounts receivable | 41 | €20,262 | €6,326 | -€13,936 | -68.8% |
| Cash at bank and in hand | 54/58 | €40,159 | €17,851 | -€22,308 | -55.5% |
| Deferred charges and accrued income | 490/1 | €3,005 | €1,986 | -€1,019 | -33.9% |
| Total equity and liabilities | 10/49 | €448,665 | €324,003 | -€124,662 | -27.8% |
| Equity | 10/15 | €136,960 | €136,838 | -€122 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,900 | €83,778 | -€122 | -0.1% |
| Amounts payable | 17/49 | €311,705 | €187,164 | -€124,541 | -40.0% |
| Amounts payable after more than one year | 17 | €171,225 | €147,487 | -€23,738 | -13.9% |
| Financial debts | 170/4 | €171,225 | €147,487 | -€23,738 | -13.9% |
| Amounts payable within one year | 42/48 | €140,480 | €39,677 | -€100,803 | -71.8% |
| Current portion of amounts payable after more than one year | 42 | €36,465 | €27,438 | -€9,028 | -24.8% |
| Trade debts | 44 | €19 | €3,691 | +€3,672 | +19,458% |
| Suppliers | 440/4 | €19 | €3,691 | +€3,672 | +19,458% |
| Advances received on contracts in progress | 46 | - | €1,921 | +€1,921 | |
| Taxes, remuneration and social security | 45 | €1,900 | €6,580 | +€4,680 | +246% |
| Taxes | 450/3 | €300 | €6,580 | +€6,280 | +2,093% |
| Remuneration and social security | 454/9 | €1,600 | - | -€1,600 | |
| Other amounts payable | 47/48 | €102,095 | €48 | -€102,047 | -100.0% |
| Non-recurring operating income | 76A | - | €8,000 | +€8,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,568 | €34,616 | -€13,952 | -28.7% |
| Other operating charges | 640/8 | €5,486 | €4,014 | -€1,472 | -26.8% |
| Non-recurring operating charges | 66A | €116 | €6,901 | +€6,785 | +5,844% |
| Gross operating margin | 9900 | €89,145 | €56,390 | -€32,754 | -36.7% |
| Operating profit (loss) | 9901 | €34,975 | €10,860 | -€24,115 | -68.9% |
| Financial income | 75/76B | €39 | €70 | +€31 | +80.0% |
| Recurring financial income | 75 | €39 | €70 | +€31 | +80.0% |
| Financial charges | 65/66B | €5,605 | €7,208 | +€1,603 | +28.6% |
| Recurring financial charges | 65 | €5,605 | €7,208 | +€1,603 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €29,409 | €3,722 | -€25,687 | -87.3% |
| Income taxes | 67/77 | €4,185 | €3,843 | -€342 | -8.2% |
| Profit (loss) for the period | 9904 | €25,224 | -€122 | -€25,345 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,224 | -€122 | -€25,345 |
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.