M&P Survey: 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 Survey
Largest movements
- Cash -€86,379
down €86,379 (-40.3%), from €214,246 to €127,867
mainly Contributions, distributions and other (-€80,000) and Other debts (-€55,000)
- Receivables within one year +€25,959
up €25,959 (+32.1%), from €80,767 to €106,726
of which Trade receivables: +€28,230
- Tangible fixed assets -€5,311
down €5,311 (-58.9%), from €9,024 to €3,713
of which Furniture and vehicles: -€7,113
- Other debts -€55,000
down €55,000 (-40.6%), from €135,308 to €80,308
- Trade debts -€15,985
down €15,985 (-36.0%), from €44,369 to €28,383
- Tax, wage and social debts +€10,100
up €10,100 (+20.6%), from €48,943 to €59,043
of which Remuneration and social security: +€6,101
- Profit (loss) carried forward -€3,270
down €3,270 (-5.5%), from €59,223 to €55,952
- Gross operating margin -€62,035
down €62,035 (-9.8%), from €631,945 to €569,910
- Staff costs +€9,065
up €9,065 (+1.9%), from €470,727 to €479,792
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 | €308,248 | €244,092 | -€64,156 | -20.8% |
| Fixed assets | 21/28 | €9,024 | €3,713 | -€5,311 | -58.9% |
| Tangible fixed assets | 22/27 | €9,024 | €3,713 | -€5,311 | -58.9% |
| Plant, machinery and equipment | 23 | €1,696 | €3,498 | +€1,802 | +106% |
| Furniture and vehicles | 24 | €7,329 | €216 | -€7,113 | -97.1% |
| Current assets | 29/58 | €299,224 | €240,379 | -€58,845 | -19.7% |
| Amounts receivable within one year | 40/41 | €80,767 | €106,726 | +€25,959 | +32.1% |
| Trade receivables | 40 | €74,148 | €102,378 | +€28,230 | +38.1% |
| Other amounts receivable | 41 | €6,619 | €4,348 | -€2,270 | -34.3% |
| Cash at bank and in hand | 54/58 | €214,246 | €127,867 | -€86,379 | -40.3% |
| Deferred charges and accrued income | 490/1 | €4,211 | €5,786 | +€1,575 | +37.4% |
| Total equity and liabilities | 10/49 | €308,248 | €244,092 | -€64,156 | -20.8% |
| Equity | 10/15 | €79,628 | €76,357 | -€3,270 | -4.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,223 | €55,952 | -€3,270 | -5.5% |
| Amounts payable | 17/49 | €228,620 | €167,735 | -€60,886 | -26.6% |
| Amounts payable within one year | 42/48 | €228,620 | €167,735 | -€60,886 | -26.6% |
| Trade debts | 44 | €44,369 | €28,383 | -€15,985 | -36.0% |
| Suppliers | 440/4 | €44,369 | €28,383 | -€15,985 | -36.0% |
| Taxes, remuneration and social security | 45 | €48,943 | €59,043 | +€10,100 | +20.6% |
| Taxes | 450/3 | - | €3,999 | +€3,999 | |
| Remuneration and social security | 454/9 | €48,943 | €55,044 | +€6,101 | +12.5% |
| Other amounts payable | 47/48 | €135,308 | €80,308 | -€55,000 | -40.6% |
| Remuneration, social security and pensions | 62 | €470,727 | €479,792 | +€9,065 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,605 | €7,912 | -€2,693 | -25.4% |
| Other operating charges | 640/8 | €3,992 | €672 | -€3,321 | -83.2% |
| Gross operating margin | 9900 | €631,945 | €569,910 | -€62,035 | -9.8% |
| Operating profit (loss) | 9901 | €146,620 | €81,534 | -€65,086 | -44.4% |
| Financial income | 75/76B | €86 | €32 | -€54 | -62.6% |
| Recurring financial income | 75 | €86 | €32 | -€54 | -62.6% |
| Financial charges | 65/66B | €607 | €837 | +€230 | +37.9% |
| Recurring financial charges | 65 | €607 | €837 | +€230 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €146,099 | €80,729 | -€65,370 | -44.7% |
| Income taxes | 67/77 | €7,296 | €3,999 | -€3,297 | -45.2% |
| Profit (loss) for the period | 9904 | €138,804 | €76,730 | -€62,074 | -44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €138,804 | €76,730 | -€62,074 | -44.7% |
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.