M-Paket: what changed
Two fiscal 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-Paket
Largest movements
- Receivables within one year +€9,075
up €9,075 (+363.0%), from €2,500 to €11,575
- Cash -€8,337
down €8,337 (-82.7%), from €10,078 to €1,742
mainly Receivables within one year (-€9,075) and Trade debts (-€1,882)
- Tangible fixed assets -€954
down €954 (-84.0%), from €1,137 to €182
of which Plant, machinery and equipment: -€915
- Deferred charges and accrued income -€414
down €414 (-32.8%), from €1,260 to €847
- Trade debts -€1,882
down €1,882 (-31.9%), from €5,899 to €4,017
- Tax, wage and social debts +€897
up €897 (+48.6%), from €1,848 to €2,745
- Profit (loss) carried forward +€197
up €197 (+1.0%), from -€20,064 to -€19,867
- Other debts +€157
up €157 (+6.9%), from €2,293 to €2,450
- Gross operating margin +€2,494
up €2,494 (+130.2%), from €1,916 to €4,410
- Taxes +€544
up €544 (+131.0%), from €415 to €959
- Financial charges -€434
down €434 (-19.3%), from €2,249 to €1,815
- Depreciation -€293
down €293 (-23.5%), from €1,247 to €954
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.
Cash bridge derived
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 | €14,975 | €14,345 | -€630 | -4.2% |
| Fixed assets | 21/28 | €1,137 | €182 | -€954 | -84.0% |
| Tangible fixed assets | 22/27 | €1,137 | €182 | -€954 | -84.0% |
| Plant, machinery and equipment | 23 | €1,097 | €182 | -€915 | -83.4% |
| Furniture and vehicles | 24 | €39 | - | -€39 | |
| Current assets | 29/58 | €13,839 | €14,163 | +€325 | +2.3% |
| Amounts receivable within one year | 40/41 | €2,500 | €11,575 | +€9,075 | +363.0% |
| Trade receivables | 40 | €2,500 | €11,575 | +€9,075 | +363.0% |
| Cash at bank and in hand | 54/58 | €10,078 | €1,742 | -€8,337 | -82.7% |
| Deferred charges and accrued income | 490/1 | €1,260 | €847 | -€414 | -32.8% |
| Total equity and liabilities | 10/49 | €14,975 | €14,345 | -€630 | -4.2% |
| Equity | 10/15 | €4,936 | €5,133 | +€197 | +4.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,064 | -€19,867 | +€197 | +1.0% |
| Amounts payable | 17/49 | €10,040 | €9,213 | -€827 | -8.2% |
| Amounts payable within one year | 42/48 | €10,040 | €9,213 | -€827 | -8.2% |
| Trade debts | 44 | €5,899 | €4,017 | -€1,882 | -31.9% |
| Suppliers | 440/4 | €5,899 | €4,017 | -€1,882 | -31.9% |
| Taxes, remuneration and social security | 45 | €1,848 | €2,745 | +€897 | +48.6% |
| Taxes | 450/3 | €1,848 | €2,745 | +€897 | +48.6% |
| Other amounts payable | 47/48 | €2,293 | €2,450 | +€157 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,247 | €954 | -€293 | -23.5% |
| Other operating charges | 640/8 | €472 | €485 | +€13 | +2.7% |
| Gross operating margin | 9900 | €1,916 | €4,410 | +€2,494 | +130.2% |
| Operating profit (loss) | 9901 | €197 | €2,971 | +€2,774 | +1411.4% |
| Financial charges | 65/66B | €2,249 | €1,815 | -€434 | -19.3% |
| Recurring financial charges | 65 | €2,249 | €1,815 | -€434 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,052 | €1,156 | +€3,208 | |
| Income taxes | 67/77 | €415 | €959 | +€544 | +131.0% |
| Profit (loss) for the period | 9904 | -€2,468 | €197 | +€2,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,468 | €197 | +€2,665 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.