MOPA: 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.
MOPA
Largest movements
- Tangible fixed assets -€63,118
down €63,118 (-3.6%), from €1.7m to €1.7m
- Deferred charges and accrued income -€53,987
down €53,987 (-33.3%), from €162,308 to €108,321
- Cash +€45,979
up €45,979 (+4.8%), from €962,168 to €1.0m
mainly Depreciation (+€134,048) and Deferred charges and accrued income (+€53,987)
- Profit (loss) carried forward -€87,766
down €87,766 (-34.0%), from -€258,008 to -€345,773
- Gross operating margin -€537,471
down €537,471 (-81.7%), from €657,558 to €120,086
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 | €3,183,935 | €3,112,808 | -€71,127 | -2.2% |
| Fixed assets | 21/28 | €1,749,657 | €1,686,539 | -€63,118 | -3.6% |
| Tangible fixed assets | 22/27 | €1,749,657 | €1,686,539 | -€63,118 | -3.6% |
| Land and buildings | 22 | €1,749,657 | €1,686,539 | -€63,118 | -3.6% |
| Current assets | 29/58 | €1,434,277 | €1,426,269 | -€8,009 | -0.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €309,800 | €309,800 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €962,168 | €1,008,147 | +€45,979 | +4.8% |
| Deferred charges and accrued income | 490/1 | €162,308 | €108,321 | -€53,987 | -33.3% |
| Total equity and liabilities | 10/49 | €3,183,935 | €3,112,808 | -€71,127 | -2.2% |
| Equity | 10/15 | €3,173,992 | €3,086,227 | -€87,766 | -2.8% |
| Contributions | 10/11 | €3,120,000 | €3,120,000 | = | 0.0% |
| Capital | 10 | €3,120,000 | €3,120,000 | = | 0.0% |
| Issued capital | 100 | €3,120,000 | €3,120,000 | = | 0.0% |
| Reserves | 13 | €312,000 | €312,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €312,000 | €312,000 | = | 0.0% |
| Legal reserve | 130 | €312,000 | €312,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€258,008 | -€345,773 | -€87,766 | -34.0% |
| Amounts payable | 17/49 | €9,942 | €26,581 | +€16,639 | +167.4% |
| Amounts payable within one year | 42/48 | €7,917 | €24,356 | +€16,439 | +207.6% |
| Trade debts | 44 | €1,727 | €16,853 | +€15,126 | +875.7% |
| Suppliers | 440/4 | €1,727 | €16,853 | +€15,126 | +875.7% |
| Taxes, remuneration and social security | 45 | €2,737 | €0 | -€2,737 | -100.0% |
| Taxes | 450/3 | €2,737 | €0 | -€2,737 | -100.0% |
| Other amounts payable | 47/48 | €3,453 | €7,503 | +€4,050 | +117.3% |
| Accrued charges and deferred income | 492/3 | €2,025 | €2,225 | +€200 | +9.9% |
| Non-recurring operating income | 76A | €500,000 | €2,500 | -€497,500 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,608 | €134,048 | +€3,440 | +2.6% |
| Other operating charges | 640/8 | €72,861 | €75,860 | +€2,999 | +4.1% |
| Non-recurring operating charges | 66A | €400,000 | €0 | -€400,000 | -100.0% |
| Gross operating margin | 9900 | €657,558 | €120,086 | -€537,471 | -81.7% |
| Operating profit (loss) | 9901 | €54,088 | -€89,822 | -€143,911 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €869 | €681 | -€188 | -21.6% |
| Recurring financial charges | 65 | €869 | €681 | -€188 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €53,220 | -€90,503 | -€143,723 | |
| Income taxes | 67/77 | €2,737 | -€2,737 | -€5,475 | |
| Profit (loss) for the period | 9904 | €50,482 | -€87,766 | -€138,248 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,482 | -€87,766 | -€138,248 |
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 30 September 2026 via checked.be.