M.P.R.: 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.R.
Largest movements
- Receivables within one year +€39,554
up €39,554 (+574%), from €6,891 to €46,446
of which Other amounts receivable: +€35,996
- Tangible fixed assets -€16,880
down €16,880 (-29.2%), from €57,792 to €40,912
of which Plant, machinery and equipment: -€14,351
- Cash -€4,157
down €4,157 (-7.0%), from €59,742 to €55,585
mainly Receivables within one year (-€39,554) and Tax, wage and social debts (-€9,063)
- Financial fixed assets -€4,050
no longer reported in 2025 (was €4,050)
- Intangible fixed assets -€4,000
no longer reported in 2025 (was €4,000)
- Profit (loss) carried forward +€24,346
up €24,346 (+86.5%), from -€28,147 to -€3,801
- Tax, wage and social debts -€9,063
down €9,063 (-97.9%), from €9,255 to €192
of which Remuneration and social security: -€6,325
- Other debts -€6,497
down €6,497 (-69.0%), from €9,411 to €2,914
- Trade debts -€3,071
down €3,071 (-64.0%), from €4,797 to €1,725
- Staff costs -€44,635
down €44,635 (-87.7%), from €50,912 to €6,276
- Depreciation -€8,814
down €8,814 (-68.1%), from €12,935 to €4,122
- Gross operating margin -€1,501
down €1,501 (-3.9%), from €38,521 to €37,020
- Financial charges -€1,122
down €1,122 (-71.8%), from €1,563 to €441
- Financial income +€437
up €437 (+1,655%), from €26 to €463
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 | €138,384 | €144,097 | +€5,714 | +4.1% |
| Fixed assets | 21/28 | €65,842 | €40,912 | -€24,930 | -37.9% |
| Intangible fixed assets | 21 | €4,000 | - | -€4,000 | |
| Tangible fixed assets | 22/27 | €57,792 | €40,912 | -€16,880 | -29.2% |
| Land and buildings | 22 | €36,989 | €34,460 | -€2,529 | -6.8% |
| Plant, machinery and equipment | 23 | €20,803 | €6,451 | -€14,351 | -69.0% |
| Financial fixed assets | 28 | €4,050 | - | -€4,050 | |
| Current assets | 29/58 | €72,542 | €103,185 | +€30,644 | +42.2% |
| Stocks and contracts in progress | 3 | €1,833 | - | -€1,833 | |
| Stocks | 30/36 | €1,833 | - | -€1,833 | |
| Amounts receivable within one year | 40/41 | €6,891 | €46,446 | +€39,554 | +574% |
| Trade receivables | 40 | €12 | €3,570 | +€3,558 | +30,517% |
| Other amounts receivable | 41 | €6,880 | €42,876 | +€35,996 | +523% |
| Cash at bank and in hand | 54/58 | €59,742 | €55,585 | -€4,157 | -7.0% |
| Deferred charges and accrued income | 490/1 | €4,076 | €1,155 | -€2,922 | -71.7% |
| Total equity and liabilities | 10/49 | €138,384 | €144,097 | +€5,714 | +4.1% |
| Equity | 10/15 | €114,921 | €139,266 | +€24,346 | +21.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,067 | €81,067 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €74,867 | €74,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,147 | -€3,801 | +€24,346 | +86.5% |
| Amounts payable | 17/49 | €23,463 | €4,831 | -€18,632 | -79.4% |
| Amounts payable within one year | 42/48 | €23,463 | €4,831 | -€18,632 | -79.4% |
| Trade debts | 44 | €4,797 | €1,725 | -€3,071 | -64.0% |
| Suppliers | 440/4 | €4,797 | €1,725 | -€3,071 | -64.0% |
| Taxes, remuneration and social security | 45 | €9,255 | €192 | -€9,063 | -97.9% |
| Taxes | 450/3 | €2,739 | - | -€2,739 | |
| Remuneration and social security | 454/9 | €6,517 | €192 | -€6,325 | -97.1% |
| Other amounts payable | 47/48 | €9,411 | €2,914 | -€6,497 | -69.0% |
| Non-recurring operating income | 76A | - | €57,259 | +€57,259 | |
| Remuneration, social security and pensions | 62 | €50,912 | €6,276 | -€44,635 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,935 | €4,122 | -€8,814 | -68.1% |
| Other operating charges | 640/8 | €2,165 | €2,299 | +€133 | +6.2% |
| Gross operating margin | 9900 | €38,521 | €37,020 | -€1,501 | -3.9% |
| Operating profit (loss) | 9901 | -€27,491 | €24,324 | +€51,815 | |
| Financial income | 75/76B | €26 | €463 | +€437 | +1,655% |
| Recurring financial income | 75 | €26 | €463 | +€437 | +1,655% |
| Financial charges | 65/66B | €1,563 | €441 | -€1,122 | -71.8% |
| Recurring financial charges | 65 | €1,563 | €441 | -€1,122 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | -€29,028 | €24,346 | +€53,373 | |
| Profit (loss) for the period | 9904 | -€29,028 | €24,346 | +€53,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,028 | €24,346 | +€53,373 |
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 20 October 2026 via checked.be.