MFPS: 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.
MFPS
Largest movements
- Current investments +€58,341
up €58,341 (+147.7%), from €39,505 to €97,845
- Tangible fixed assets +€42,083
new in 2025: €42,083
- Cash +€4,999
up €4,999 (+45.5%), from €10,990 to €15,989
mainly Net result for the year (+€55,740) and Debts after one year (+€28,988)
- Reserves +€54,907
up €54,907 (+134.5%), from €40,828 to €95,735
- Debts after one year +€28,988
new in 2025: €28,988
- Tax, wage and social debts +€15,194
up €15,194 (+89.6%), from €16,956 to €32,150
- Current portion of long-term debt +€8,241
new in 2025: €8,241
- Gross operating margin +€25,815
up €25,815 (+49.0%), from €52,678 to €78,493
- Depreciation +€6,624
new in 2025: €6,624
- Taxes +€4,072
up €4,072 (+37.0%), from €11,007 to €15,079
- Financial charges +€1,403
new in 2025: €1,403
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 | €62,252 | €170,121 | +€107,869 | +173.3% |
| Fixed assets | 21/28 | - | €42,083 | +€42,083 | |
| Tangible fixed assets | 22/27 | - | €42,083 | +€42,083 | |
| Furniture and vehicles | 24 | - | €42,083 | +€42,083 | |
| Current assets | 29/58 | €62,252 | €128,037 | +€65,786 | +105.7% |
| Amounts receivable within one year | 40/41 | €11,604 | €12,493 | +€889 | +7.7% |
| Trade receivables | 40 | €11,604 | €12,493 | +€889 | +7.7% |
| Current investments | 50/53 | €39,505 | €97,845 | +€58,341 | +147.7% |
| Cash at bank and in hand | 54/58 | €10,990 | €15,989 | +€4,999 | +45.5% |
| Deferred charges and accrued income | 490/1 | €153 | €1,710 | +€1,556 | +1016.8% |
| Total equity and liabilities | 10/49 | €62,252 | €170,121 | +€107,869 | +173.3% |
| Equity | 10/15 | €41,828 | €96,735 | +€54,907 | +131.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,828 | €95,735 | +€54,907 | +134.5% |
| Distributable reserves | 133 | €40,828 | €95,735 | +€54,907 | +134.5% |
| Amounts payable | 17/49 | €20,424 | €73,385 | +€52,962 | +259.3% |
| Amounts payable after more than one year | 17 | - | €28,988 | +€28,988 | |
| Financial debts | 170/4 | - | €28,988 | +€28,988 | |
| Amounts payable within one year | 42/48 | €20,424 | €44,397 | +€23,974 | +117.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,241 | +€8,241 | |
| Trade debts | 44 | €2,008 | €3,173 | +€1,164 | +58.0% |
| Suppliers | 440/4 | €2,008 | €3,173 | +€1,164 | +58.0% |
| Taxes, remuneration and social security | 45 | €16,956 | €32,150 | +€15,194 | +89.6% |
| Taxes | 450/3 | €16,956 | €32,150 | +€15,194 | +89.6% |
| Other amounts payable | 47/48 | €1,459 | €833 | -€626 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,624 | +€6,624 | |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €52,678 | €78,493 | +€25,815 | +49.0% |
| Operating profit (loss) | 9901 | €52,678 | €71,749 | +€19,071 | +36.2% |
| Financial income | 75/76B | €16 | €473 | +€457 | +2914.5% |
| Recurring financial income | 75 | €16 | €473 | +€457 | +2914.5% |
| Financial charges | 65/66B | - | €1,403 | +€1,403 | |
| Recurring financial charges | 65 | - | €1,403 | +€1,403 | |
| Profit (loss) for the period before taxes | 9903 | €52,694 | €70,819 | +€18,125 | +34.4% |
| Income taxes | 67/77 | €11,007 | €15,079 | +€4,072 | +37.0% |
| Profit (loss) for the period | 9904 | €41,687 | €55,740 | +€14,053 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,687 | €55,740 | +€14,053 | +33.7% |
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 4 October 2026 via checked.be.