M.P.C. IMMO: 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. IMMO
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+238%), from €580,288 to €2.0m
of which Other amounts receivable: +€1.5m
- Cash -€1.1m
down €1.1m (-82.9%), from €1.4m to €232,658
mainly Receivables within one year (-€1.4m) and Investment in fixed assets (net) (-€217,313)
- Tangible fixed assets -€81,695
down €81,695 (-2.2%), from €3.7m to €3.6m
of which Land and buildings: -€200,534
- Profit (loss) carried forward +€202,558
up €202,558 (+4.2%), from €4.8m to €5.0m
- Accrued charges and deferred income -€82,107
down €82,107 (-100%), from €82,107 to €0
- Other debts +€76,923
up €76,923 (+8.1%), from €953,859 to €1.0m
- Gross operating margin -€289,856
down €289,856 (-26.2%), from €1.1m to €817,853
- Taxes -€74,430
down €74,430 (-55.2%), from €134,793 to €60,363
- Other operating charges +€27,105
up €27,105 (+12.3%), from €220,047 to €247,153
- Financial charges -€11,177
down €11,177 (-17.9%), from €62,382 to €51,205
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 | €6,226,016 | €6,410,416 | +€184,400 | +3.0% |
| Fixed assets | 21/28 | €4,280,052 | €4,198,357 | -€81,695 | -1.9% |
| Tangible fixed assets | 22/27 | €3,711,143 | €3,629,448 | -€81,695 | -2.2% |
| Land and buildings | 22 | €3,655,039 | €3,454,505 | -€200,534 | -5.5% |
| Furniture and vehicles | 24 | €56,104 | €174,943 | +€118,840 | +212% |
| Financial fixed assets | 28 | €568,909 | €568,909 | = | 0.0% |
| Current assets | 29/58 | €1,945,964 | €2,212,059 | +€266,095 | +13.7% |
| Amounts receivable within one year | 40/41 | €580,288 | €1,962,951 | +€1.4m | +238% |
| Trade receivables | 40 | €81,195 | €6,724 | -€74,472 | -91.7% |
| Other amounts receivable | 41 | €499,092 | €1,956,227 | +€1.5m | +292% |
| Cash at bank and in hand | 54/58 | €1,357,767 | €232,658 | -€1.1m | -82.9% |
| Deferred charges and accrued income | 490/1 | €7,909 | €16,450 | +€8,541 | +108% |
| Total equity and liabilities | 10/49 | €6,226,016 | €6,410,416 | +€184,400 | +3.0% |
| Equity | 10/15 | €5,058,821 | €5,257,426 | +€198,604 | +3.9% |
| Contributions | 10/11 | €66,844 | €66,844 | = | 0.0% |
| Capital | 10 | €66,844 | €66,844 | = | 0.0% |
| Issued capital | 100 | €66,844 | €66,844 | = | 0.0% |
| Reserves | 13 | €168,769 | €164,816 | -€3,953 | -2.3% |
| Non-distributable reserves | 130/1 | €6,684 | €6,684 | = | 0.0% |
| Legal reserve | 130 | €6,684 | €6,684 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,085 | €158,132 | -€3,953 | -2.4% |
| Profit (loss) carried forward | 14 | €4,823,209 | €5,025,766 | +€202,558 | +4.2% |
| Provisions and deferred taxes | 16 | €79,380 | €69,554 | -€9,827 | -12.4% |
| Provisions for liabilities and charges | 160/5 | €25,352 | €16,843 | -€8,509 | -33.6% |
| Major repairs and maintenance | 162 | €25,352 | €16,843 | -€8,509 | -33.6% |
| Deferred taxes | 168 | €54,028 | €52,711 | -€1,318 | -2.4% |
| Amounts payable | 17/49 | €1,087,814 | €1,083,436 | -€4,378 | -0.4% |
| Amounts payable within one year | 42/48 | €1,005,707 | €1,083,436 | +€77,729 | +7.7% |
| Trade debts | 44 | €15,821 | €23,493 | +€7,672 | +48.5% |
| Suppliers | 440/4 | €15,821 | €23,493 | +€7,672 | +48.5% |
| Taxes, remuneration and social security | 45 | €36,027 | €29,160 | -€6,866 | -19.1% |
| Taxes | 450/3 | €36,027 | €29,160 | -€6,866 | -19.1% |
| Other amounts payable | 47/48 | €953,859 | €1,030,782 | +€76,923 | +8.1% |
| Accrued charges and deferred income | 492/3 | €82,107 | €0 | -€82,107 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €305,408 | €299,008 | -€6,401 | -2.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,998 | -€8,509 | -€511 | -6.4% |
| Other operating charges | 640/8 | €220,047 | €247,153 | +€27,105 | +12.3% |
| Gross operating margin | 9900 | €1,107,709 | €817,853 | -€289,856 | -26.2% |
| Operating profit (loss) | 9901 | €590,251 | €280,202 | -€310,049 | -52.5% |
| Financial income | 75/76B | €25,474 | €28,653 | +€3,179 | +12.5% |
| Recurring financial income | 75 | €25,474 | €28,653 | +€3,179 | +12.5% |
| Financial charges | 65/66B | €62,382 | €51,205 | -€11,177 | -17.9% |
| Recurring financial charges | 65 | €62,382 | €51,205 | -€11,177 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €553,343 | €257,650 | -€295,693 | -53.4% |
| Transfer from deferred taxes | 780 | €1,318 | €1,318 | = | 0.0% |
| Income taxes | 67/77 | €134,793 | €60,363 | -€74,430 | -55.2% |
| Profit (loss) for the period | 9904 | €419,868 | €198,604 | -€221,264 | -52.7% |
| Transfer from tax-exempt reserves | 789 | €3,953 | €3,953 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €423,821 | €202,558 | -€221,264 | -52.2% |
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 19 October 2026 via checked.be.