MNPROJECT: 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.
MNPROJECT
Largest movements
- Cash -€10,409
down €10,409 (-20.6%), from €50,544 to €40,135
mainly Net result for the year (-€9,772) and Receivables within one year (-€2,545)
- Tangible fixed assets -€5,995
down €5,995 (-46.9%), from €12,789 to €6,794
of which Furniture and vehicles: -€5,264
- Receivables within one year +€2,545
up €2,545 (+15.8%), from €16,070 to €18,615
of which Other amounts receivable: +€5,181
- Deferred charges and accrued income +€1,629
up €1,629, from €0 to €1,629
- Profit (loss) carried forward -€9,772
down €9,772 (-60.3%), from -€16,217 to -€25,989
- Trade debts -€2,449
down €2,449 (-25.9%), from €9,471 to €7,021
- Gross operating margin +€4,855
up €4,855 (+74.6%), from -€6,508 to -€1,653
- Staff costs +€2,484
up €2,484, from -€1,434 to €1,050
- Financial charges -€1,836
down €1,836 (-95.2%), from €1,930 to €93
- Depreciation -€1,410
down €1,410 (-16.1%), from €8,735 to €7,325
- Financial income +€525
up €525 (+567%), from €92 to €617
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 | €79,403 | €67,173 | -€12,230 | -15.4% |
| Fixed assets | 21/28 | €12,789 | €6,794 | -€5,995 | -46.9% |
| Tangible fixed assets | 22/27 | €12,789 | €6,794 | -€5,995 | -46.9% |
| Furniture and vehicles | 24 | €8,504 | €3,239 | -€5,264 | -61.9% |
| Other tangible fixed assets | 26 | €4,285 | €3,554 | -€731 | -17.1% |
| Current assets | 29/58 | €66,614 | €60,379 | -€6,235 | -9.4% |
| Amounts receivable within one year | 40/41 | €16,070 | €18,615 | +€2,545 | +15.8% |
| Trade receivables | 40 | €9,751 | €7,115 | -€2,636 | -27.0% |
| Other amounts receivable | 41 | €6,319 | €11,500 | +€5,181 | +82.0% |
| Cash at bank and in hand | 54/58 | €50,544 | €40,135 | -€10,409 | -20.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,629 | +€1,629 | |
| Total equity and liabilities | 10/49 | €79,403 | €67,173 | -€12,230 | -15.4% |
| Equity | 10/15 | €69,656 | €59,884 | -€9,772 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,273 | €67,273 | = | 0.0% |
| Distributable reserves | 133 | €67,273 | €67,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,217 | -€25,989 | -€9,772 | -60.3% |
| Amounts payable | 17/49 | €9,747 | €7,289 | -€2,457 | -25.2% |
| Amounts payable within one year | 42/48 | €9,747 | €7,289 | -€2,457 | -25.2% |
| Trade debts | 44 | €9,471 | €7,021 | -€2,449 | -25.9% |
| Suppliers | 440/4 | €9,471 | €7,021 | -€2,449 | -25.9% |
| Taxes, remuneration and social security | 45 | €276 | €268 | -€8 | -3.0% |
| Taxes | 450/3 | €276 | €268 | -€8 | -3.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,434 | €1,050 | +€2,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €7,325 | -€1,410 | -16.1% |
| Other operating charges | 640/8 | €295 | €0 | -€295 | -100% |
| Gross operating margin | 9900 | -€6,508 | -€1,653 | +€4,855 | +74.6% |
| Operating profit (loss) | 9901 | -€14,104 | -€10,028 | +€4,075 | +28.9% |
| Financial income | 75/76B | €92 | €617 | +€525 | +567% |
| Recurring financial income | 75 | €92 | €617 | +€525 | +567% |
| Financial charges | 65/66B | €1,930 | €93 | -€1,836 | -95.2% |
| Recurring financial charges | 65 | €1,930 | €93 | -€1,836 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,941 | -€9,504 | +€6,436 | +40.4% |
| Income taxes | 67/77 | €276 | €268 | -€8 | -3.0% |
| Profit (loss) for the period | 9904 | -€16,217 | -€9,772 | +€6,445 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,217 | -€9,772 | +€6,445 | +39.7% |
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.