MCPA: 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.
MCPA
Largest movements
- Tangible fixed assets +€709,214
up €709,214 (+81.1%), from €874,001 to €1.6m
of which Land and buildings: +€657,335
- Cash +€47,294
up €47,294 (+208.2%), from €22,715 to €70,009
mainly Debts after one year (+€728,692) and Depreciation (+€184,861)
- Receivables within one year +€43,726
up €43,726 (+93.7%), from €46,676 to €90,401
of which Other amounts receivable: +€37,079
- Debts after one year +€728,692
up €728,692 (+151.5%), from €480,978 to €1.2m
of which Financial debts: +€588,692
- Trade debts +€50,795
up €50,795 (+105.5%), from €48,169 to €98,964
- Profit (loss) carried forward -€50,019
down €50,019, from €17,546 to -€32,473
- Other debts +€30,830
up €30,830 (+15.3%), from €201,701 to €232,531
- Current portion of long-term debt +€30,165
up €30,165 (+46.4%), from €64,972 to €95,137
- Depreciation +€102,604
up €102,604 (+124.7%), from €82,256 to €184,861
- Gross operating margin +€71,314
up €71,314 (+41.4%), from €172,130 to €243,444
- Financial charges +€27,356
up €27,356 (+190.6%), from €14,349 to €41,705
- Staff costs +€5,621
up €5,621 (+12.4%), from €45,293 to €50,915
- Other operating charges +€4,808
up €4,808 (+41.6%), from €11,565 to €16,373
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 | €951,637 | €1,753,968 | +€802,331 | +84.3% |
| Fixed assets | 21/28 | €874,185 | €1,583,399 | +€709,214 | +81.1% |
| Tangible fixed assets | 22/27 | €874,001 | €1,583,215 | +€709,214 | +81.1% |
| Land and buildings | 22 | €836,115 | €1,493,449 | +€657,335 | +78.6% |
| Plant, machinery and equipment | 23 | €9,659 | €15,816 | +€6,157 | +63.7% |
| Furniture and vehicles | 24 | €28,228 | €73,950 | +€45,723 | +162.0% |
| Financial fixed assets | 28 | €184 | €184 | = | 0.0% |
| Current assets | 29/58 | €77,452 | €170,569 | +€93,117 | +120.2% |
| Amounts receivable within one year | 40/41 | €46,676 | €90,401 | +€43,726 | +93.7% |
| Trade receivables | 40 | €1,487 | €8,134 | +€6,647 | +446.9% |
| Other amounts receivable | 41 | €45,188 | €82,267 | +€37,079 | +82.1% |
| Cash at bank and in hand | 54/58 | €22,715 | €70,009 | +€47,294 | +208.2% |
| Deferred charges and accrued income | 490/1 | €8,061 | €10,158 | +€2,097 | +26.0% |
| Total equity and liabilities | 10/49 | €951,637 | €1,753,968 | +€802,331 | +84.3% |
| Equity | 10/15 | €141,281 | €91,263 | -€50,019 | -35.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €98,736 | €98,736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €96,236 | €96,236 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,546 | -€32,473 | -€50,019 | |
| Amounts payable | 17/49 | €810,356 | €1,662,705 | +€852,349 | +105.2% |
| Amounts payable after more than one year | 17 | €480,978 | €1,209,670 | +€728,692 | +151.5% |
| Financial debts | 170/4 | €480,978 | €1,069,670 | +€588,692 | +122.4% |
| Other amounts payable | 178/9 | - | €140,000 | +€140,000 | |
| Amounts payable within one year | 42/48 | €329,378 | €453,035 | +€123,658 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €64,972 | €95,137 | +€30,165 | +46.4% |
| Trade debts | 44 | €48,169 | €98,964 | +€50,795 | +105.5% |
| Suppliers | 440/4 | €48,169 | €98,964 | +€50,795 | +105.5% |
| Advances received on contracts in progress | 46 | - | €12,697 | +€12,697 | |
| Taxes, remuneration and social security | 45 | €14,536 | €13,706 | -€830 | -5.7% |
| Taxes | 450/3 | €1,834 | €2,936 | +€1,102 | +60.1% |
| Remuneration and social security | 454/9 | €12,702 | €10,770 | -€1,932 | -15.2% |
| Other amounts payable | 47/48 | €201,701 | €232,531 | +€30,830 | +15.3% |
| Remuneration, social security and pensions | 62 | €45,293 | €50,915 | +€5,621 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,256 | €184,861 | +€102,604 | +124.7% |
| Other operating charges | 640/8 | €11,565 | €16,373 | +€4,808 | +41.6% |
| Gross operating margin | 9900 | €172,130 | €243,444 | +€71,314 | +41.4% |
| Operating profit (loss) | 9901 | €33,016 | -€8,704 | -€41,720 | |
| Financial income | 75/76B | €1,507 | €390 | -€1,117 | -74.1% |
| Recurring financial income | 75 | €1,507 | €390 | -€1,117 | -74.1% |
| Financial charges | 65/66B | €14,349 | €41,705 | +€27,356 | +190.6% |
| Recurring financial charges | 65 | €14,349 | €41,705 | +€27,356 | +190.6% |
| Profit (loss) for the period before taxes | 9903 | €20,173 | -€50,019 | -€70,192 | |
| Income taxes | 67/77 | €1,834 | - | -€1,834 | |
| Profit (loss) for the period | 9904 | €18,339 | -€50,019 | -€68,358 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,339 | -€50,019 | -€68,358 |
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 11 October 2026 via checked.be.