M.P. Project horéca: 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. Project horéca
Largest movements
- Receivables within one year +€54,588
up €54,588 (+103%), from €53,252 to €107,840
of which Trade receivables: +€54,014
- Deferred charges and accrued income +€21,195
up €21,195 (+769%), from €2,758 to €23,952
- Stocks and contracts -€10,111
down €10,111 (-16.9%), from €59,985 to €49,874
- Tangible fixed assets -€5,712
down €5,712 (-3.4%), from €169,195 to €163,483
of which Other tangible fixed assets: -€13,432
- Cash -€5,539
down €5,539 (-81.8%), from €6,771 to €1,232
mainly Receivables within one year (-€54,588) and Other debts (-€30,496)
- Profit (loss) carried forward +€52,084
up €52,084 (+30.1%), from €172,952 to €225,036
- Other debts -€30,496
down €30,496 (-77.5%), from €39,334 to €8,838
- Trade debts +€23,711
up €23,711 (+58.6%), from €40,459 to €64,170
- Tax, wage and social debts +€9,121
up €9,121 (+31.8%), from €28,645 to €37,767
of which Taxes: +€11,688
- Gross operating margin +€59,414
up €59,414 (+32.7%), from €181,685 to €241,099
- Staff costs +€24,492
up €24,492 (+22.1%), from €110,928 to €135,420
- Taxes +€6,861
up €6,861 (+3,437%), from €200 to €7,061
- Depreciation +€4,385
up €4,385 (+13.9%), from €31,645 to €36,030
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 | €301,850 | €356,271 | +€54,421 | +18.0% |
| Fixed assets | 21/28 | €179,085 | €173,373 | -€5,712 | -3.2% |
| Tangible fixed assets | 22/27 | €169,195 | €163,483 | -€5,712 | -3.4% |
| Plant, machinery and equipment | 23 | €5,232 | €2,832 | -€2,400 | -45.9% |
| Furniture and vehicles | 24 | €66,071 | €76,191 | +€10,120 | +15.3% |
| Other tangible fixed assets | 26 | €97,892 | €84,460 | -€13,432 | -13.7% |
| Financial fixed assets | 28 | €9,890 | €9,890 | = | 0.0% |
| Current assets | 29/58 | €122,765 | €182,898 | +€60,133 | +49.0% |
| Stocks and contracts in progress | 3 | €59,985 | €49,874 | -€10,111 | -16.9% |
| Stocks | 30/36 | €59,985 | €49,874 | -€10,111 | -16.9% |
| Amounts receivable within one year | 40/41 | €53,252 | €107,840 | +€54,588 | +103% |
| Trade receivables | 40 | €46,876 | €100,890 | +€54,014 | +115% |
| Other amounts receivable | 41 | €6,375 | €6,949 | +€574 | +9.0% |
| Cash at bank and in hand | 54/58 | €6,771 | €1,232 | -€5,539 | -81.8% |
| Deferred charges and accrued income | 490/1 | €2,758 | €23,952 | +€21,195 | +769% |
| Total equity and liabilities | 10/49 | €301,850 | €356,271 | +€54,421 | +18.0% |
| Equity | 10/15 | €193,412 | €245,496 | +€52,084 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €172,952 | €225,036 | +€52,084 | +30.1% |
| Amounts payable | 17/49 | €108,438 | €110,775 | +€2,337 | +2.2% |
| Amounts payable within one year | 42/48 | €108,438 | €110,775 | +€2,337 | +2.2% |
| Trade debts | 44 | €40,459 | €64,170 | +€23,711 | +58.6% |
| Suppliers | 440/4 | €40,459 | €64,170 | +€23,711 | +58.6% |
| Taxes, remuneration and social security | 45 | €28,645 | €37,767 | +€9,121 | +31.8% |
| Taxes | 450/3 | €15,856 | €27,545 | +€11,688 | +73.7% |
| Remuneration and social security | 454/9 | €12,789 | €10,222 | -€2,567 | -20.1% |
| Other amounts payable | 47/48 | €39,334 | €8,838 | -€30,496 | -77.5% |
| Remuneration, social security and pensions | 62 | €110,928 | €135,420 | +€24,492 | +22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,645 | €36,030 | +€4,385 | +13.9% |
| Other operating charges | 640/8 | €7,868 | €6,241 | -€1,628 | -20.7% |
| Gross operating margin | 9900 | €181,685 | €241,099 | +€59,414 | +32.7% |
| Operating profit (loss) | 9901 | €31,244 | €63,409 | +€32,164 | +103% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,129 | €4,264 | -€1,865 | -30.4% |
| Recurring financial charges | 65 | €6,129 | €4,264 | -€1,865 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €25,117 | €59,145 | +€34,028 | +135% |
| Income taxes | 67/77 | €200 | €7,061 | +€6,861 | +3,437% |
| Profit (loss) for the period | 9904 | €24,917 | €52,084 | +€27,167 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €24,917 | €52,084 | +€27,167 | +109% |
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 30 October 2026 via checked.be.