MP: 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.
MP
Largest movements
- Cash -€11,686
down €11,686 (-24.3%), from €48,134 to €36,448
mainly Investment in fixed assets (net) (-€30,116) and Debts after one year (-€7,821)
- Tangible fixed assets +€11,312
up €11,312 (+19.0%), from €59,642 to €70,954
- Receivables within one year +€4,845
up €4,845 (+29.8%), from €16,238 to €21,083
of which Other amounts receivable: +€5,608
- Reserves +€16,295
up €16,295 (+32.3%), from €50,410 to €66,705
- Debts after one year -€7,821
down €7,821 (-21.6%), from €36,179 to €28,357
- Tax, wage and social debts -€7,079
down €7,079 (-59.9%), from €11,818 to €4,739
of which Taxes: -€7,097
- Other debts -€6,740
no longer reported in 2025 (was €6,740)
- Current portion of long-term debt +€5,988
up €5,988 (+47.5%), from €12,616 to €18,603
- Depreciation +€11,022
up €11,022 (+141.6%), from €7,782 to €18,803
- Gross operating margin -€6,979
down €6,979 (-14.3%), from €48,840 to €41,861
- Taxes -€3,015
down €3,015 (-38.8%), from €7,761 to €4,746
- Financial charges +€768
up €768 (+68.7%), from €1,118 to €1,886
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 | €125,214 | €130,332 | +€5,118 | +4.1% |
| Fixed assets | 21/28 | €59,642 | €70,954 | +€11,312 | +19.0% |
| Tangible fixed assets | 22/27 | €59,642 | €70,954 | +€11,312 | +19.0% |
| Plant, machinery and equipment | 23 | €11,515 | €15,790 | +€4,275 | +37.1% |
| Furniture and vehicles | 24 | €48,127 | €52,025 | +€3,898 | +8.1% |
| Other tangible fixed assets | 26 | - | €3,139 | +€3,139 | |
| Current assets | 29/58 | €65,572 | €59,377 | -€6,195 | -9.4% |
| Amounts receivable within one year | 40/41 | €16,238 | €21,083 | +€4,845 | +29.8% |
| Trade receivables | 40 | €12,999 | €12,236 | -€763 | -5.9% |
| Other amounts receivable | 41 | €3,239 | €8,847 | +€5,608 | +173.1% |
| Cash at bank and in hand | 54/58 | €48,134 | €36,448 | -€11,686 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,847 | +€647 | +53.9% |
| Total equity and liabilities | 10/49 | €125,214 | €130,332 | +€5,118 | +4.1% |
| Equity | 10/15 | €53,410 | €69,705 | +€16,295 | +30.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,410 | €66,705 | +€16,295 | +32.3% |
| Distributable reserves | 133 | €50,410 | €66,705 | +€16,295 | +32.3% |
| Amounts payable | 17/49 | €71,804 | €60,627 | -€11,177 | -15.6% |
| Amounts payable after more than one year | 17 | €36,179 | €28,357 | -€7,821 | -21.6% |
| Financial debts | 170/4 | €36,179 | €28,357 | -€7,821 | -21.6% |
| Amounts payable within one year | 42/48 | €35,626 | €30,030 | -€5,596 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €12,616 | €18,603 | +€5,988 | +47.5% |
| Trade debts | 44 | €4,452 | €6,688 | +€2,236 | +50.2% |
| Suppliers | 440/4 | €4,452 | €6,688 | +€2,236 | +50.2% |
| Taxes, remuneration and social security | 45 | €11,818 | €4,739 | -€7,079 | -59.9% |
| Taxes | 450/3 | €8,709 | €1,612 | -€7,097 | -81.5% |
| Remuneration and social security | 454/9 | €3,109 | €3,127 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €6,740 | - | -€6,740 | |
| Accrued charges and deferred income | 492/3 | - | €2,240 | +€2,240 | |
| Non-recurring operating income | 76A | €636 | - | -€636 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,782 | €18,803 | +€11,022 | +141.6% |
| Other operating charges | 640/8 | €284 | €152 | -€131 | -46.3% |
| Gross operating margin | 9900 | €48,840 | €41,861 | -€6,979 | -14.3% |
| Operating profit (loss) | 9901 | €40,774 | €22,905 | -€17,869 | -43.8% |
| Financial income | 75/76B | €30 | €22 | -€8 | -27.2% |
| Recurring financial income | 75 | €30 | €22 | -€8 | -27.2% |
| Financial charges | 65/66B | €1,118 | €1,886 | +€768 | +68.7% |
| Recurring financial charges | 65 | €1,118 | €1,886 | +€768 | +68.7% |
| Profit (loss) for the period before taxes | 9903 | €39,686 | €21,041 | -€18,645 | -47.0% |
| Income taxes | 67/77 | €7,761 | €4,746 | -€3,015 | -38.8% |
| Profit (loss) for the period | 9904 | €31,925 | €16,295 | -€15,630 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,925 | €16,295 | -€15,630 | -49.0% |
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 8 October 2026 via checked.be.