MBPC: 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.
MBPC
Largest movements
- Tangible fixed assets +€68,058
up €68,058 (+27.7%), from €245,602 to €313,660
of which Plant, machinery and equipment: +€75,984
- Cash -€11,361
down €11,361 (-33.2%), from €34,174 to €22,813
mainly Investment in fixed assets (net) (-€83,222) and Net result for the year (-€10,985)
- Other debts +€61,785
up €61,785 (+335.9%), from €18,397 to €80,182
- Profit (loss) carried forward -€10,985
down €10,985 (-11.5%), from -€95,817 to -€106,802
- Accrued charges and deferred income +€3,804
up €3,804 (+8.2%), from €46,428 to €50,232
- Gross operating margin -€4,647
down €4,647 (-27.4%), from €16,932 to €12,285
- Depreciation +€4,284
up €4,284 (+39.4%), from €10,880 to €15,163
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 | €284,299 | €339,183 | +€54,884 | +19.3% |
| Fixed assets | 21/28 | €245,602 | €313,660 | +€68,058 | +27.7% |
| Tangible fixed assets | 22/27 | €245,602 | €313,660 | +€68,058 | +27.7% |
| Land and buildings | 22 | €215,543 | €206,639 | -€8,904 | -4.1% |
| Plant, machinery and equipment | 23 | €28,850 | €104,834 | +€75,984 | +263.4% |
| Furniture and vehicles | 24 | €1,209 | €2,187 | +€978 | +80.9% |
| Current assets | 29/58 | €38,697 | €25,522 | -€13,175 | -34.0% |
| Amounts receivable within one year | 40/41 | €2,099 | €195 | -€1,904 | -90.7% |
| Trade receivables | 40 | €679 | - | -€679 | |
| Other amounts receivable | 41 | €1,420 | €195 | -€1,225 | -86.3% |
| Cash at bank and in hand | 54/58 | €34,174 | €22,813 | -€11,361 | -33.2% |
| Deferred charges and accrued income | 490/1 | €2,424 | €2,515 | +€91 | +3.8% |
| Total equity and liabilities | 10/49 | €284,299 | €339,183 | +€54,884 | +19.3% |
| Equity | 10/15 | €152,748 | €141,763 | -€10,985 | -7.2% |
| Contributions | 10/11 | €238,038 | €238,038 | = | 0.0% |
| Reserves | 13 | €10,527 | €10,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,553 | €8,553 | = | 0.0% |
| Other | 1319 | €8,553 | €8,553 | = | 0.0% |
| Distributable reserves | 133 | €1,973 | €1,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,817 | -€106,802 | -€10,985 | -11.5% |
| Amounts payable | 17/49 | €131,551 | €197,420 | +€65,869 | +50.1% |
| Amounts payable after more than one year | 17 | €65,594 | €65,594 | = | 0.0% |
| Financial debts | 170/4 | €65,594 | €65,594 | = | 0.0% |
| Amounts payable within one year | 42/48 | €19,530 | €81,595 | +€62,065 | +317.8% |
| Trade debts | 44 | €1,133 | €913 | -€220 | -19.4% |
| Suppliers | 440/4 | €1,133 | €913 | -€220 | -19.4% |
| Advances received on contracts in progress | 46 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €18,397 | €80,182 | +€61,785 | +335.9% |
| Accrued charges and deferred income | 492/3 | €46,428 | €50,232 | +€3,804 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,880 | €15,163 | +€4,284 | +39.4% |
| Other operating charges | 640/8 | €5,275 | €5,429 | +€154 | +2.9% |
| Gross operating margin | 9900 | €16,932 | €12,285 | -€4,647 | -27.4% |
| Operating profit (loss) | 9901 | €778 | -€8,307 | -€9,085 | |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €2,678 | €2,678 | +€1 | 0.0% |
| Recurring financial charges | 65 | €2,678 | €2,678 | +€1 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,896 | -€10,985 | -€9,089 | -479.5% |
| Profit (loss) for the period | 9904 | -€1,896 | -€10,985 | -€9,089 | -479.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,896 | -€10,985 | -€9,089 | -479.5% |
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 1 October 2026 via checked.be.