M + P Enterprises: 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 Enterprises
Largest movements
- Cash -€262,225
down €262,225 (-87.9%), from €298,339 to €36,114
mainly Contributions, distributions and other (-€305,705) and Short-term financial debts (-€55,917)
- Receivables within one year -€57,107
down €57,107 (-52.1%), from €109,632 to €52,524
- Reserves -€268,480
down €268,480 (-39.1%), from €686,750 to €418,270
of which Distributable reserves: -€268,480
- Short-term financial debts -€55,917
down €55,917 (-100.0%), from €55,917 to €0
- Financial income +€36,327
up €36,327 (+49.6%), from €73,274 to €109,600
- Gross operating margin +€15,087
up €15,087 (+27.7%), from -€54,499 to -€39,412
- Taxes +€3,723
up €3,723, from €0 to €3,723
- Financial charges -€3,167
down €3,167 (-77.9%), from €4,067 to €899
- Depreciation -€972
down €972 (-4.4%), from €22,197 to €21,225
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 | €3,417,227 | €3,095,001 | -€322,225 | -9.4% |
| Fixed assets | 21/28 | €472,423 | €451,199 | -€21,225 | -4.5% |
| Tangible fixed assets | 22/27 | €472,387 | €451,162 | -€21,225 | -4.5% |
| Land and buildings | 22 | €470,322 | €449,762 | -€20,560 | -4.4% |
| Plant, machinery and equipment | 23 | €665 | €0 | -€665 | -100.0% |
| Furniture and vehicles | 24 | €1,400 | €1,400 | = | 0.0% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €2,944,803 | €2,643,803 | -€301,000 | -10.2% |
| Amounts receivable within one year | 40/41 | €109,632 | €52,524 | -€57,107 | -52.1% |
| Other amounts receivable | 41 | €109,632 | €52,524 | -€57,107 | -52.1% |
| Current investments | 50/53 | €2,535,693 | €2,553,573 | +€17,880 | +0.7% |
| Cash at bank and in hand | 54/58 | €298,339 | €36,114 | -€262,225 | -87.9% |
| Deferred charges and accrued income | 490/1 | €1,140 | €1,591 | +€451 | +39.6% |
| Total equity and liabilities | 10/49 | €3,417,227 | €3,095,001 | -€322,225 | -9.4% |
| Equity | 10/15 | €3,356,532 | €3,088,233 | -€268,300 | -8.0% |
| 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 | €686,750 | €418,270 | -€268,480 | -39.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €680,600 | €412,120 | -€268,480 | -39.4% |
| Profit (loss) carried forward | 14 | €2,608,282 | €2,608,463 | +€180 | 0.0% |
| Amounts payable | 17/49 | €60,694 | €6,769 | -€53,926 | -88.8% |
| Amounts payable within one year | 42/48 | €56,024 | €1,529 | -€54,495 | -97.3% |
| Financial debts | 43 | €55,917 | €0 | -€55,917 | -100.0% |
| Credit institutions | 430/8 | €55,917 | €0 | -€55,917 | -100.0% |
| Trade debts | 44 | €107 | €1,529 | +€1,422 | +1330.2% |
| Suppliers | 440/4 | €107 | €1,529 | +€1,422 | +1330.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,670 | €5,240 | +€570 | +12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,197 | €21,225 | -€972 | -4.4% |
| Other operating charges | 640/8 | €7,160 | €6,936 | -€224 | -3.1% |
| Gross operating margin | 9900 | -€54,499 | -€39,412 | +€15,087 | +27.7% |
| Operating profit (loss) | 9901 | -€83,856 | -€67,573 | +€16,283 | +19.4% |
| Financial income | 75/76B | €73,274 | €109,600 | +€36,327 | +49.6% |
| Recurring financial income | 75 | €73,274 | €109,600 | +€36,327 | +49.6% |
| Financial charges | 65/66B | €4,067 | €899 | -€3,167 | -77.9% |
| Recurring financial charges | 65 | €4,067 | €899 | -€3,167 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,649 | €41,128 | +€55,777 | |
| Income taxes | 67/77 | €0 | €3,723 | +€3,723 | |
| Profit (loss) for the period | 9904 | -€14,649 | €37,405 | +€52,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,649 | €37,405 | +€52,054 |
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 9 October 2026 via checked.be.