M&P GENK: 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 GENK
Largest movements
- Cash -€20,778
down €20,778 (-70.0%), from €29,678 to €8,901
mainly Debts after one year (-€17,260) and Tax, wage and social debts (-€15,079)
- Tangible fixed assets -€10,292
down €10,292 (-1.2%), from €878,359 to €868,067
- Debts after one year -€17,260
down €17,260 (-1.7%), from €1.0m to €1.0m
- Tax, wage and social debts -€15,079
no longer reported in 2025 (was €15,079)
- Other operating charges -€25,746
down €25,746 (-72.6%), from €35,458 to €9,712
- Gross operating margin -€25,638
down €25,638 (-35.8%), from €71,617 to €45,978
- Financial charges -€2,294
down €2,294 (-8.6%), from €26,691 to €24,397
- Financial income +€2,240
new in 2025: €2,240
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 | €911,333 | €880,348 | -€30,985 | -3.4% |
| Fixed assets | 21/28 | €878,359 | €868,067 | -€10,292 | -1.2% |
| Tangible fixed assets | 22/27 | €878,359 | €868,067 | -€10,292 | -1.2% |
| Land and buildings | 22 | €878,359 | €868,067 | -€10,292 | -1.2% |
| Current assets | 29/58 | €32,974 | €12,281 | -€20,693 | -62.8% |
| Cash at bank and in hand | 54/58 | €29,678 | €8,901 | -€20,778 | -70.0% |
| Deferred charges and accrued income | 490/1 | €3,295 | €3,380 | +€85 | +2.6% |
| Total equity and liabilities | 10/49 | €911,333 | €880,348 | -€30,985 | -3.4% |
| Equity | 10/15 | -€213,590 | -€209,772 | +€3,818 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233,590 | -€229,772 | +€3,818 | +1.6% |
| Amounts payable | 17/49 | €1,124,922 | €1,090,120 | -€34,802 | -3.1% |
| Amounts payable after more than one year | 17 | €1,032,265 | €1,015,005 | -€17,260 | -1.7% |
| Financial debts | 170/4 | €1,032,265 | €1,015,005 | -€17,260 | -1.7% |
| Amounts payable within one year | 42/48 | €92,657 | €75,115 | -€17,542 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €38,683 | €39,515 | +€832 | +2.2% |
| Trade debts | 44 | €3,295 | - | -€3,295 | |
| Suppliers | 440/4 | €3,295 | - | -€3,295 | |
| Taxes, remuneration and social security | 45 | €15,079 | - | -€15,079 | |
| Taxes | 450/3 | €15,079 | - | -€15,079 | |
| Other amounts payable | 47/48 | €35,600 | €35,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,292 | €10,292 | = | 0.0% |
| Other operating charges | 640/8 | €35,458 | €9,712 | -€25,746 | -72.6% |
| Gross operating margin | 9900 | €71,617 | €45,978 | -€25,638 | -35.8% |
| Operating profit (loss) | 9901 | €25,866 | €25,975 | +€108 | +0.4% |
| Financial income | 75/76B | - | €2,240 | +€2,240 | |
| Recurring financial income | 75 | - | €2,240 | +€2,240 | |
| Financial charges | 65/66B | €26,691 | €24,397 | -€2,294 | -8.6% |
| Recurring financial charges | 65 | €26,691 | €24,397 | -€2,294 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | -€824 | €3,818 | +€4,642 | |
| Profit (loss) for the period | 9904 | -€824 | €3,818 | +€4,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€824 | €3,818 | +€4,642 |
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 23 October 2026 via checked.be.