M Pro Management: 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 Pro Management
Largest movements
- Tangible fixed assets +€396,233
up €396,233 (+17.9%), from €2.2m to €2.6m
of which Land and buildings: +€403,234
- Cash -€43,210
down €43,210 (-81.9%), from €52,761 to €9,551
mainly Investment in fixed assets (net) (-€475,218) and Debts after one year (-€308,677)
- Other debts +€418,745
up €418,745 (+97.9%), from €427,827 to €846,572
- Debts after one year -€308,677
down €308,677 (-20.0%), from €1.5m to €1.2m
- Short-term financial debts +€241,383
up €241,383 (+4,160%), from €5,802 to €247,185
- Accrued charges and deferred income +€33,642
up €33,642 (+167%), from €20,114 to €53,757
- Financial charges +€28,137
up €28,137 (+29.9%), from €94,149 to €122,285
- Gross operating margin +€11,041
up €11,041 (+6.0%), from €185,073 to €196,114
- Depreciation +€5,038
up €5,038 (+6.8%), from €73,947 to €78,985
- Taxes -€2,526
no longer reported in 2025 (was €2,526)
- Other operating charges +€2,418
up €2,418 (+21.2%), from €11,405 to €13,823
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 | €2,364,824 | €2,742,496 | +€377,672 | +16.0% |
| Fixed assets | 21/28 | €2,278,428 | €2,674,662 | +€396,233 | +17.4% |
| Tangible fixed assets | 22/27 | €2,211,067 | €2,607,301 | +€396,233 | +17.9% |
| Land and buildings | 22 | €2,186,786 | €2,590,020 | +€403,234 | +18.4% |
| Furniture and vehicles | 24 | €24,281 | €17,281 | -€7,001 | -28.8% |
| Financial fixed assets | 28 | €67,361 | €67,361 | = | 0.0% |
| Current assets | 29/58 | €86,395 | €67,834 | -€18,561 | -21.5% |
| Amounts receivable within one year | 40/41 | €32,331 | €44,842 | +€12,511 | +38.7% |
| Trade receivables | 40 | €8,500 | €10,000 | +€1,500 | +17.6% |
| Other amounts receivable | 41 | €23,831 | €34,842 | +€11,011 | +46.2% |
| Cash at bank and in hand | 54/58 | €52,761 | €9,551 | -€43,210 | -81.9% |
| Deferred charges and accrued income | 490/1 | €1,302 | €13,441 | +€12,138 | +932% |
| Total equity and liabilities | 10/49 | €2,364,824 | €2,742,496 | +€377,672 | +16.0% |
| Equity | 10/15 | €301,737 | €283,431 | -€18,306 | -6.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Contributions outside capital | 11 | €200 | €200 | = | 0.0% |
| Other | 1109/19 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €295,432 | €295,432 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,200 | €84,200 | = | 0.0% |
| Distributable reserves | 133 | €211,232 | €211,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,105 | -€12,201 | -€18,306 | |
| Amounts payable | 17/49 | €2,063,087 | €2,459,065 | +€395,979 | +19.2% |
| Amounts payable after more than one year | 17 | €1,546,460 | €1,237,783 | -€308,677 | -20.0% |
| Financial debts | 170/4 | €1,546,460 | €1,237,783 | -€308,677 | -20.0% |
| Amounts payable within one year | 42/48 | €496,512 | €1,167,526 | +€671,013 | +135% |
| Current portion of amounts payable after more than one year | 42 | €54,448 | €69,265 | +€14,816 | +27.2% |
| Financial debts | 43 | €5,802 | €247,185 | +€241,383 | +4,160% |
| Credit institutions | 430/8 | €5,802 | €247,185 | +€241,383 | +4,160% |
| Trade debts | 44 | €6,357 | €2,426 | -€3,931 | -61.8% |
| Suppliers | 440/4 | €6,357 | €2,426 | -€3,931 | -61.8% |
| Taxes, remuneration and social security | 45 | €2,078 | €2,078 | = | 0.0% |
| Taxes | 450/3 | €2,078 | €2,078 | = | 0.0% |
| Other amounts payable | 47/48 | €427,827 | €846,572 | +€418,745 | +97.9% |
| Accrued charges and deferred income | 492/3 | €20,114 | €53,757 | +€33,642 | +167% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,947 | €78,985 | +€5,038 | +6.8% |
| Other operating charges | 640/8 | €11,405 | €13,823 | +€2,418 | +21.2% |
| Gross operating margin | 9900 | €185,073 | €196,114 | +€11,041 | +6.0% |
| Operating profit (loss) | 9901 | €99,721 | €103,306 | +€3,585 | +3.6% |
| Financial income | 75/76B | €2,228 | €673 | -€1,555 | -69.8% |
| Recurring financial income | 75 | €2,228 | €673 | -€1,555 | -69.8% |
| Financial charges | 65/66B | €94,149 | €122,285 | +€28,137 | +29.9% |
| Recurring financial charges | 65 | €94,149 | €122,285 | +€28,137 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €7,801 | -€18,306 | -€26,107 | |
| Income taxes | 67/77 | €2,526 | - | -€2,526 | |
| Profit (loss) for the period | 9904 | €5,275 | -€18,306 | -€23,581 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,275 | -€18,306 | -€23,581 |
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.