M & P HORECA: 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 HORECA
Largest movements
- Receivables within one year -€6,482
down €6,482 (-68.6%), from €9,445 to €2,963
of which Other amounts receivable: -€6,482
- Cash +€6,129
up €6,129 (+7.9%), from €77,793 to €83,922
mainly Net result for the year (+€7,407) and Receivables within one year (+€6,482)
- Tangible fixed assets -€4,625
down €4,625 (-38.1%), from €12,142 to €7,517
of which Other tangible fixed assets: -€4,362
- Reserves +€7,300
up €7,300 (+27.7%), from €26,379 to €33,679
of which Non-distributable reserves: +€7,300
- Trade debts -€5,975
down €5,975 (-92.1%), from €6,490 to €515
- Tax, wage and social debts -€3,117
down €3,117 (-43.2%), from €7,215 to €4,098
of which Taxes: -€3,117
- Profit (loss) carried forward -€1,744
down €1,744 (-3.3%), from €53,031 to €51,287
- Gross operating margin -€5,261
down €5,261 (-24.0%), from €21,918 to €16,657
- Depreciation -€2,329
down €2,329 (-33.5%), from €6,953 to €4,625
- Taxes -€1,047
down €1,047 (-27.5%), from €3,811 to €2,764
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 | €102,551 | €98,085 | -€4,466 | -4.4% |
| Fixed assets | 21/28 | €12,142 | €7,517 | -€4,625 | -38.1% |
| Tangible fixed assets | 22/27 | €12,142 | €7,517 | -€4,625 | -38.1% |
| Plant, machinery and equipment | 23 | €263 | €0 | -€263 | -100% |
| Other tangible fixed assets | 26 | €11,879 | €7,517 | -€4,362 | -36.7% |
| Current assets | 29/58 | €90,409 | €90,568 | +€158 | +0.2% |
| Stocks and contracts in progress | 3 | €2,992 | €3,502 | +€510 | +17.0% |
| Stocks | 30/36 | €2,992 | €3,502 | +€510 | +17.0% |
| Amounts receivable within one year | 40/41 | €9,445 | €2,963 | -€6,482 | -68.6% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €9,445 | €2,963 | -€6,482 | -68.6% |
| Cash at bank and in hand | 54/58 | €77,793 | €83,922 | +€6,129 | +7.9% |
| Deferred charges and accrued income | 490/1 | €179 | €181 | +€1 | +0.8% |
| Total equity and liabilities | 10/49 | €102,551 | €98,085 | -€4,466 | -4.4% |
| Equity | 10/15 | €86,410 | €91,966 | +€5,556 | +6.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €26,379 | €33,679 | +€7,300 | +27.7% |
| Non-distributable reserves | 130/1 | €23,597 | €30,897 | +€7,300 | +30.9% |
| Own shares acquired | 1312 | - | €0 | = | |
| Other | 1319 | €23,597 | €30,897 | +€7,300 | +30.9% |
| Distributable reserves | 133 | €2,782 | €2,782 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,031 | €51,287 | -€1,744 | -3.3% |
| Amounts payable | 17/49 | €16,142 | €6,119 | -€10,023 | -62.1% |
| Amounts payable within one year | 42/48 | €16,142 | €6,119 | -€10,023 | -62.1% |
| Trade debts | 44 | €6,490 | €515 | -€5,975 | -92.1% |
| Suppliers | 440/4 | €6,490 | €515 | -€5,975 | -92.1% |
| Taxes, remuneration and social security | 45 | €7,215 | €4,098 | -€3,117 | -43.2% |
| Taxes | 450/3 | €7,215 | €4,098 | -€3,117 | -43.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,437 | €1,506 | -€931 | -38.2% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,953 | €4,625 | -€2,329 | -33.5% |
| Other operating charges | 640/8 | €1,444 | €1,592 | +€149 | +10.3% |
| Non-recurring operating charges | 66A | - | €96 | +€96 | |
| Gross operating margin | 9900 | €21,918 | €16,657 | -€5,261 | -24.0% |
| Operating profit (loss) | 9901 | €13,521 | €10,344 | -€3,176 | -23.5% |
| Financial charges | 65/66B | €168 | €173 | +€5 | +2.8% |
| Recurring financial charges | 65 | €168 | €173 | +€5 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €13,353 | €10,172 | -€3,181 | -23.8% |
| Income taxes | 67/77 | €3,811 | €2,764 | -€1,047 | -27.5% |
| Profit (loss) for the period | 9904 | €9,542 | €7,407 | -€2,134 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,542 | €7,407 | -€2,134 | -22.4% |
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 25 October 2026 via checked.be.