M.P.L.: 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.
What changed
M.P.L.
NACE 46.349, Wholesale of beverages, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€700,219
2024 · €685,472+€14,747
Equity
€4.0m
2024 · €3.3m+€700,219
Cash
€1.3m
2024 · €1.4m-€87,645
Balance sheet total
€6.6m
2024 · €6.6m+€89,561
Largest movements
Assets
- Receivables within one year +€183,015
up €183,015 (+9.4%), from €2.0m to €2.1m
of which Other amounts receivable: +€112,205
- Tangible fixed assets -€89,341
down €89,341 (-14.3%), from €626,383 to €537,041
- Cash -€87,645
down €87,645 (-6.2%), from €1.4m to €1.3m
mainly Trade debts (-€581,630) and Receivables within one year (-€183,015)
- Receivables after one year +€85,248
new in 2025: €85,248
Equity and liabilities
- Profit (loss) carried forward +€700,219
up €700,219 (+23.3%), from €3.0m to €3.7m
- Trade debts -€581,630
down €581,630 (-23.0%), from €2.5m to €1.9m
Income statement
- Purchases and services -€8.5m
no longer reported in 2025 (was €8.5m)
- Write-downs -€36,769
down €36,769, from €22,671 to -€14,099
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.
Result 2024
€685,472
Gross operating margin
-€3,921
Staff costs
-€7,014
Depreciation
+€1,644
Write-downs
+€36,769
Other operating charges
-€8,027
Other operating items
-€13,744
Financial income
+€15,478
Financial charges
+€2
Taxes
-€6,440
Result 2025
€700,219
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€45,817
Investment
-€20,337
Financing
-€21,492
Cash 2024
€1.4m
From operations (derived)
-€45,817
Net result for the year
+€700,219
Depreciation
+€109,678
Receivables after one year
-€85,248
Smaller working-capital items
-€752
Receivables within one year
-€183,015
Deferred charges and accrued income
+€1,755
Trade debts
-€581,630
Tax, wage and social debts
-€6,824
Investment (derived)
-€20,337
Investment in fixed assets (net)
-€20,337
Financing
-€21,492
Debts after one year
-€24,196
Current portion of long-term debt
+€2,674
Short-term financial debts
+€30
Cash 2025
€1.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,551,733 | €6,641,294 | +€89,561 | +1.4% |
| Fixed assets | 21/28 | €643,835 | €554,494 | -€89,341 | -13.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €626,383 | €537,041 | -€89,341 | -14.3% |
| Land and buildings | 22 | €425,970 | €389,107 | -€36,863 | -8.7% |
| Plant, machinery and equipment | 23 | €36,394 | €19,938 | -€16,456 | -45.2% |
| Furniture and vehicles | 24 | €164,019 | €127,996 | -€36,023 | -22.0% |
| Financial fixed assets | 28 | €17,453 | €17,453 | = | 0.0% |
| Current assets | 29/58 | €5,907,898 | €6,086,801 | +€178,903 | +3.0% |
| Amounts receivable after more than one year | 29 | - | €85,248 | +€85,248 | |
| Trade receivables | 290 | - | €85,248 | +€85,248 | |
| Stocks and contracts in progress | 3 | €2,533,649 | €2,533,688 | +€40 | 0.0% |
| Stocks | 30/36 | €2,533,649 | €2,533,688 | +€40 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,953,872 | €2,136,887 | +€183,015 | +9.4% |
| Trade receivables | 40 | €1,654,964 | €1,725,775 | +€70,810 | +4.3% |
| Other amounts receivable | 41 | €298,907 | €411,112 | +€112,205 | +37.5% |
| Cash at bank and in hand | 54/58 | €1,414,619 | €1,326,974 | -€87,645 | -6.2% |
| Deferred charges and accrued income | 490/1 | €5,759 | €4,003 | -€1,755 | -30.5% |
| Total equity and liabilities | 10/49 | €6,551,733 | €6,641,294 | +€89,561 | +1.4% |
| Equity | 10/15 | €3,330,312 | €4,030,531 | +€700,219 | +21.0% |
| Contributions | 10/11 | €30,460 | €30,460 | = | 0.0% |
| Reserves | 13 | €300,000 | €300,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | €0 | = | |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,999,852 | €3,700,071 | +€700,219 | +23.3% |
| Amounts payable | 17/49 | €3,221,421 | €2,610,763 | -€610,658 | -19.0% |
| Amounts payable after more than one year | 17 | €246,614 | €222,417 | -€24,196 | -9.8% |
| Financial debts | 170/4 | €245,653 | €221,406 | -€24,246 | -9.9% |
| Other amounts payable | 178/9 | €961 | €1,011 | +€50 | +5.2% |
| Amounts payable within one year | 42/48 | €2,974,807 | €2,388,346 | -€586,462 | -19.7% |
| Current portion of amounts payable after more than one year | 42 | €106,427 | €109,101 | +€2,674 | +2.5% |
| Financial debts | 43 | - | €30 | +€30 | |
| Credit institutions | 430/8 | - | €30 | +€30 | |
| Trade debts | 44 | €2,530,292 | €1,948,662 | -€581,630 | -23.0% |
| Suppliers | 440/4 | €2,530,292 | €1,948,662 | -€581,630 | -23.0% |
| Advances received on contracts in progress | 46 | €5,450 | €5,370 | -€80 | -1.5% |
| Taxes, remuneration and social security | 45 | €197,029 | €190,205 | -€6,824 | -3.5% |
| Taxes | 450/3 | €90,757 | €79,881 | -€10,876 | -12.0% |
| Remuneration and social security | 454/9 | €106,272 | €110,324 | +€4,052 | +3.8% |
| Other amounts payable | 47/48 | €135,610 | €134,978 | -€632 | -0.5% |
| Non-recurring operating income | 76A | €13,906 | €22,888 | +€8,982 | +64.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,495,784 | - | -€8.5m | |
| Remuneration, social security and pensions | 62 | €640,869 | €647,883 | +€7,014 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,322 | €109,678 | -€1,644 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,671 | -€14,099 | -€36,769 | |
| Other operating charges | 640/8 | €44,446 | €52,473 | +€8,027 | +18.1% |
| Non-recurring operating charges | 66A | €11,202 | €24,946 | +€13,744 | +123% |
| Gross operating margin | 9900 | €1,767,422 | €1,763,501 | -€3,921 | -0.2% |
| Operating profit (loss) | 9901 | €936,913 | €942,620 | +€5,707 | +0.6% |
| Financial income | 75/76B | €9,765 | €25,244 | +€15,478 | +158% |
| Recurring financial income | 75 | €9,765 | €25,244 | +€15,478 | +158% |
| Financial charges | 65/66B | €22,517 | €22,515 | -€2 | 0.0% |
| Recurring financial charges | 65 | €22,517 | €22,515 | -€2 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €924,161 | €945,349 | +€21,188 | +2.3% |
| Income taxes | 67/77 | €238,689 | €245,129 | +€6,440 | +2.7% |
| Profit (loss) for the period | 9904 | €685,472 | €700,219 | +€14,747 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €685,472 | €700,219 | +€14,747 | +2.2% |
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 16 October 2026 via checked.be.