M.P. - DEVELOPMENT: 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. - DEVELOPMENT
Largest movements
- Receivables within one year +€211,236
up €211,236 (+1234.0%), from €17,118 to €228,354
of which Other amounts receivable: +€208,584
- Receivables after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Deferred charges and accrued income -€90,425
down €90,425 (-93.9%), from €96,253 to €5,828
- Cash +€32,646
up €32,646 (+333.7%), from €9,784 to €42,430
mainly Receivables after one year (+€200,000) and Net result for the year (+€109,117)
- Financial fixed assets -€25,000
down €25,000 (-10.4%), from €240,000 to €215,000
- Reserves +€109,117
up €109,117 (+37.8%), from €288,760 to €397,877
of which Distributable reserves: +€109,117
- Short-term financial debts -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Other debts -€75,352
down €75,352 (-55.7%), from €135,352 to €60,000
- Financial income +€35,677
up €35,677 (+26.8%), from €132,992 to €168,669
- Gross operating margin -€12,189
down €12,189 (-95.4%), from -€12,776 to -€24,965
- Financial charges -€3,466
down €3,466 (-27.6%), from €12,540 to €9,074
- Taxes +€2,389
up €2,389 (+26.7%), from €8,959 to €11,349
- Depreciation -€1,755
down €1,755 (-13.3%), from €13,161 to €11,406
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 | €657,360 | €595,343 | -€62,017 | -9.4% |
| Fixed assets | 21/28 | €334,206 | €318,732 | -€15,474 | -4.6% |
| Tangible fixed assets | 22/27 | €94,206 | €103,732 | +€9,526 | +10.1% |
| Land and buildings | 22 | €72,079 | €70,795 | -€1,284 | -1.8% |
| Plant, machinery and equipment | 23 | €8,423 | €6,315 | -€2,108 | -25.0% |
| Furniture and vehicles | 24 | €13,704 | €26,622 | +€12,918 | +94.3% |
| Financial fixed assets | 28 | €240,000 | €215,000 | -€25,000 | -10.4% |
| Current assets | 29/58 | €323,155 | €276,612 | -€46,543 | -14.4% |
| Amounts receivable after more than one year | 29 | €200,000 | €0 | -€200,000 | -100.0% |
| Other amounts receivable | 291 | €200,000 | €0 | -€200,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,118 | €228,354 | +€211,236 | +1234.0% |
| Trade receivables | 40 | €3,569 | €6,221 | +€2,652 | +74.3% |
| Other amounts receivable | 41 | €13,549 | €222,134 | +€208,584 | +1539.5% |
| Cash at bank and in hand | 54/58 | €9,784 | €42,430 | +€32,646 | +333.7% |
| Deferred charges and accrued income | 490/1 | €96,253 | €5,828 | -€90,425 | -93.9% |
| Total equity and liabilities | 10/49 | €657,360 | €595,343 | -€62,017 | -9.4% |
| Equity | 10/15 | €301,459 | €410,576 | +€109,117 | +36.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,760 | €397,877 | +€109,117 | +37.8% |
| 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 | €286,900 | €396,017 | +€109,117 | +38.0% |
| Profit (loss) carried forward | 14 | €299 | €299 | = | 0.0% |
| Amounts payable | 17/49 | €355,901 | €184,767 | -€171,134 | -48.1% |
| Amounts payable after more than one year | 17 | €14,787 | €13,839 | -€948 | -6.4% |
| Financial debts | 170/4 | €14,787 | €13,839 | -€948 | -6.4% |
| Amounts payable within one year | 42/48 | €341,114 | €170,928 | -€170,186 | -49.9% |
| Current portion of amounts payable after more than one year | 42 | €1,132 | €1,148 | +€16 | +1.4% |
| Financial debts | 43 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other loans | 439 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Trade debts | 44 | €263 | €3,514 | +€3,252 | +1237.9% |
| Suppliers | 440/4 | €263 | €3,514 | +€3,252 | +1237.9% |
| Taxes, remuneration and social security | 45 | €4,368 | €6,266 | +€1,898 | +43.4% |
| Taxes | 450/3 | €4,368 | €6,266 | +€1,898 | +43.4% |
| Other amounts payable | 47/48 | €135,352 | €60,000 | -€75,352 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,161 | €11,406 | -€1,755 | -13.3% |
| Other operating charges | 640/8 | €1,529 | €2,758 | +€1,230 | +80.4% |
| Gross operating margin | 9900 | -€12,776 | -€24,965 | -€12,189 | -95.4% |
| Operating profit (loss) | 9901 | -€27,466 | -€39,129 | -€11,663 | -42.5% |
| Financial income | 75/76B | €132,992 | €168,669 | +€35,677 | +26.8% |
| Recurring financial income | 75 | €132,992 | €168,669 | +€35,677 | +26.8% |
| Financial charges | 65/66B | €12,540 | €9,074 | -€3,466 | -27.6% |
| Recurring financial charges | 65 | €12,540 | €9,074 | -€3,466 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | €92,986 | €120,466 | +€27,480 | +29.6% |
| Income taxes | 67/77 | €8,959 | €11,349 | +€2,389 | +26.7% |
| Profit (loss) for the period | 9904 | €84,026 | €109,117 | +€25,091 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,026 | €109,117 | +€25,091 | +29.9% |
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.