M PALTA SERVICES: 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 PALTA SERVICES
Largest movements
- Tangible fixed assets -€12,316
down €12,316 (-35.0%), from €35,163 to €22,847
of which Other tangible fixed assets: -€11,491
- Receivables within one year +€7,510
up €7,510 (+27.0%), from €27,856 to €35,366
- Deferred charges and accrued income +€2,942
up €2,942 (+19.7%), from €14,952 to €17,894
- Cash +€2,204
up €2,204 (+24.1%), from €9,132 to €11,336
mainly Depreciation (+€12,316) and Tax, wage and social debts (+€2,622)
- Trade debts -€2,701
down €2,701 (-57.6%), from €4,693 to €1,992
- Tax, wage and social debts +€2,622
new in 2025: €2,622
- Staff costs +€98,987
up €98,987 (+164%), from €60,374 to €159,361
- Gross operating margin +€96,524
up €96,524 (+111%), from €87,173 to €183,698
- Taxes +€4,878
new in 2025: €4,878
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 | €97,422 | €97,511 | +€89 | +0.1% |
| Fixed assets | 21/28 | €35,313 | €22,997 | -€12,316 | -34.9% |
| Tangible fixed assets | 22/27 | €35,163 | €22,847 | -€12,316 | -35.0% |
| Furniture and vehicles | 24 | €1,650 | €825 | -€825 | -50.0% |
| Other tangible fixed assets | 26 | €33,512 | €22,022 | -€11,491 | -34.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €62,109 | €74,514 | +€12,405 | +20.0% |
| Stocks and contracts in progress | 3 | €10,169 | €9,918 | -€251 | -2.5% |
| Stocks | 30/36 | €10,169 | €9,918 | -€251 | -2.5% |
| Amounts receivable within one year | 40/41 | €27,856 | €35,366 | +€7,510 | +27.0% |
| Other amounts receivable | 41 | €27,856 | €35,366 | +€7,510 | +27.0% |
| Cash at bank and in hand | 54/58 | €9,132 | €11,336 | +€2,204 | +24.1% |
| Deferred charges and accrued income | 490/1 | €14,952 | €17,894 | +€2,942 | +19.7% |
| Total equity and liabilities | 10/49 | €97,422 | €97,511 | +€89 | +0.1% |
| Equity | 10/15 | €92,291 | €92,897 | +€605 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,031 | €78,637 | +€605 | +0.8% |
| Amounts payable | 17/49 | €5,131 | €4,614 | -€516 | -10.1% |
| Amounts payable within one year | 42/48 | €5,131 | €4,614 | -€516 | -10.1% |
| Trade debts | 44 | €4,693 | €1,992 | -€2,701 | -57.6% |
| Suppliers | 440/4 | €4,693 | €1,992 | -€2,701 | -57.6% |
| Taxes, remuneration and social security | 45 | - | €2,622 | +€2,622 | |
| Taxes | 450/3 | - | €2,622 | +€2,622 | |
| Other amounts payable | 47/48 | €438 | - | -€438 | |
| Remuneration, social security and pensions | 62 | €60,374 | €159,361 | +€98,987 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,316 | €12,316 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,756 | €6,249 | -€506 | -7.5% |
| Gross operating margin | 9900 | €87,173 | €183,698 | +€96,524 | +111% |
| Operating profit (loss) | 9901 | €7,728 | €5,772 | -€1,956 | -25.3% |
| Financial charges | 65/66B | €271 | €288 | +€18 | +6.5% |
| Recurring financial charges | 65 | €271 | €288 | +€18 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €7,457 | €5,483 | -€1,974 | -26.5% |
| Income taxes | 67/77 | - | €4,878 | +€4,878 | |
| Profit (loss) for the period | 9904 | €7,457 | €605 | -€6,852 | -91.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,457 | €605 | -€6,852 | -91.9% |
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 17 October 2026 via checked.be.