M & P & Co: 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 & Co
Largest movements
- Cash +€448,623
up €448,623 (+137%), from €327,037 to €775,660
mainly Net result for the year (+€1.1m) and Depreciation (+€221,774)
- Tangible fixed assets -€220,637
down €220,637 (-4.7%), from €4.7m to €4.4m
of which Land and buildings: -€144,939
- Financial fixed assets +€200,000
up €200,000 (+11.5%), from €1.7m to €1.9m
of which Affiliated companies: +€200,000
- Receivables within one year -€107,445
down €107,445 (-54.4%), from €197,450 to €90,005
of which Trade receivables: -€107,574
- Reserves +€1.0m
up €1.0m (+21.3%), from €4.9m to €6.0m
of which Distributable reserves: +€1.0m
- Profit (loss) carried forward -€646,827
down €646,827 (-37.0%), from €1.7m to €1.1m
- Tax, wage and social debts -€89,718
down €89,718 (-46.0%), from €195,199 to €105,482
of which Taxes: -€69,066
- Financial income -€585,383
down €585,383 (-45.6%), from €1.3m to €699,617
- Turnover -€126,165
down €126,165 (-9.3%), from €1.4m to €1.2m
- Staff costs -€64,605
down €64,605 (-17.3%), from €373,931 to €309,326
- Services and other goods +€27,082
up €27,082 (+14.4%), from €188,300 to €215,382
- Taxes -€18,657
down €18,657 (-11.9%), from €157,336 to €138,679
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 | €6,937,215 | €7,254,000 | +€316,785 | +4.6% |
| Fixed assets | 21/28 | €6,405,766 | €6,385,129 | -€20,637 | -0.3% |
| Tangible fixed assets | 22/27 | €4,666,753 | €4,446,116 | -€220,637 | -4.7% |
| Land and buildings | 22 | €4,444,720 | €4,299,781 | -€144,939 | -3.3% |
| Plant, machinery and equipment | 23 | €38,346 | €23,767 | -€14,579 | -38.0% |
| Furniture and vehicles | 24 | €183,688 | €122,568 | -€61,120 | -33.3% |
| Financial fixed assets | 28 | €1,739,013 | €1,939,013 | +€200,000 | +11.5% |
| Affiliated companies | 280/1 | €1,738,963 | €1,938,963 | +€200,000 | +11.5% |
| Participating interests | 280 | €1,738,963 | €1,938,963 | +€200,000 | +11.5% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €531,449 | €868,871 | +€337,423 | +63.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €197,450 | €90,005 | -€107,445 | -54.4% |
| Trade receivables | 40 | €197,385 | €89,811 | -€107,574 | -54.5% |
| Other amounts receivable | 41 | €66 | €195 | +€129 | +197% |
| Cash at bank and in hand | 54/58 | €327,037 | €775,660 | +€448,623 | +137% |
| Deferred charges and accrued income | 490/1 | €6,962 | €3,206 | -€3,755 | -53.9% |
| Total equity and liabilities | 10/49 | €6,937,215 | €7,254,000 | +€316,785 | +4.6% |
| Equity | 10/15 | €6,735,900 | €7,136,893 | +€400,993 | +6.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,926,580 | €5,974,400 | +€1.0m | +21.3% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €4,920,430 | €5,968,250 | +€1.0m | +21.3% |
| Profit (loss) carried forward | 14 | €1,747,820 | €1,100,993 | -€646,827 | -37.0% |
| Amounts payable | 17/49 | €201,315 | €117,107 | -€84,208 | -41.8% |
| Amounts payable within one year | 42/48 | €201,315 | €117,107 | -€84,208 | -41.8% |
| Trade debts | 44 | €6,116 | €11,626 | +€5,510 | +90.1% |
| Suppliers | 440/4 | €6,116 | €11,626 | +€5,510 | +90.1% |
| Taxes, remuneration and social security | 45 | €195,199 | €105,482 | -€89,718 | -46.0% |
| Taxes | 450/3 | €120,029 | €50,964 | -€69,066 | -57.5% |
| Remuneration and social security | 454/9 | €75,170 | €54,518 | -€20,652 | -27.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €1,421,700 | €1,296,064 | -€125,636 | -8.8% |
| Turnover | 70 | €1,357,711 | €1,231,547 | -€126,165 | -9.3% |
| Other operating income | 74 | €63,989 | €64,518 | +€529 | +0.8% |
| Operating charges | 60/66A | €800,782 | €755,548 | -€45,234 | -5.6% |
| Services and other goods | 61 | €188,300 | €215,382 | +€27,082 | +14.4% |
| Remuneration, social security and pensions | 62 | €373,931 | €309,326 | -€64,605 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €228,441 | €221,774 | -€6,667 | -2.9% |
| Other operating charges | 640/8 | €10,110 | €9,066 | -€1,044 | -10.3% |
| Operating profit (loss) | 9901 | €620,918 | €540,516 | -€80,402 | -12.9% |
| Financial income | 75/76B | €1,285,000 | €699,617 | -€585,383 | -45.6% |
| Recurring financial income | 75 | €1,285,000 | €699,617 | -€585,383 | -45.6% |
| Income from financial fixed assets | 750 | €1,285,000 | €699,617 | -€585,383 | -45.6% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €762 | €462 | -€300 | -39.4% |
| Recurring financial charges | 65 | €762 | €462 | -€300 | -39.4% |
| Debt charges | 650 | €323 | €21 | -€302 | -93.4% |
| Other financial charges | 652/9 | €439 | €440 | +€1 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €1,905,156 | €1,239,671 | -€665,485 | -34.9% |
| Income taxes | 67/77 | €157,336 | €138,679 | -€18,657 | -11.9% |
| Taxes | 670/3 | €157,336 | €138,679 | -€18,657 | -11.9% |
| Profit (loss) for the period | 9904 | €1,747,820 | €1,100,993 | -€646,827 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,747,820 | €1,100,993 | -€646,827 | -37.0% |
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 20 October 2026 via checked.be.