MP - ELEC: 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.
MP - ELEC
Largest movements
- Cash +€30,523
up €30,523 (+49.2%), from €62,081 to €92,604
mainly Other debts (+€48,974) and Depreciation (+€38,612)
- Receivables within one year +€17,312
up €17,312 (+55.6%), from €31,158 to €48,470
of which Trade receivables: +€18,405
- Tangible fixed assets -€12,188
down €12,188 (-4.6%), from €262,761 to €250,573
of which Land and buildings: -€10,690
- Intangible fixed assets +€9,831
new in 2025: €9,831
- Stocks and contracts -€4,823
down €4,823 (-34.6%), from €13,958 to €9,135
- Other debts +€48,974
up €48,974 (+505.6%), from €9,686 to €58,659
- Reserves -€19,019
down €19,019 (-5.8%), from €325,972 to €306,953
of which Distributable reserves: -€15,672
- Tax, wage and social debts +€4,212
up €4,212 (+30.8%), from €13,691 to €17,903
of which Remuneration and social security: +€5,124
- Gross operating margin +€61,486
up €61,486 (+67.9%), from €90,498 to €151,984
- Staff costs +€11,538
up €11,538 (+24.2%), from €47,694 to €59,232
- Taxes +€9,495
up €9,495 (+229.2%), from €4,143 to €13,638
- Write-downs +€5,996
new in 2025: €5,996
- Other operating charges +€4,490
new in 2025: €4,490
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 | €377,850 | €414,015 | +€36,165 | +9.6% |
| Fixed assets | 21/28 | €263,006 | €260,648 | -€2,358 | -0.9% |
| Intangible fixed assets | 21 | - | €9,831 | +€9,831 | |
| Tangible fixed assets | 22/27 | €262,761 | €250,573 | -€12,188 | -4.6% |
| Land and buildings | 22 | €158,163 | €147,473 | -€10,690 | -6.8% |
| Plant, machinery and equipment | 23 | €43,650 | €39,084 | -€4,566 | -10.5% |
| Furniture and vehicles | 24 | €60,948 | €64,015 | +€3,067 | +5.0% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €114,845 | €153,367 | +€38,522 | +33.5% |
| Stocks and contracts in progress | 3 | €13,958 | €9,135 | -€4,823 | -34.6% |
| Stocks | 30/36 | €13,958 | €9,135 | -€4,823 | -34.6% |
| Amounts receivable within one year | 40/41 | €31,158 | €48,470 | +€17,312 | +55.6% |
| Trade receivables | 40 | €23,566 | €41,971 | +€18,405 | +78.1% |
| Other amounts receivable | 41 | €7,591 | €6,499 | -€1,092 | -14.4% |
| Cash at bank and in hand | 54/58 | €62,081 | €92,604 | +€30,523 | +49.2% |
| Deferred charges and accrued income | 490/1 | €7,648 | €3,159 | -€4,490 | -58.7% |
| Total equity and liabilities | 10/49 | €377,850 | €414,015 | +€36,165 | +9.6% |
| Equity | 10/15 | €348,246 | €329,227 | -€19,019 | -5.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Capital | 10 | €22,000 | €22,000 | = | 0.0% |
| Issued capital | 100 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €325,972 | €306,953 | -€19,019 | -5.8% |
| Tax-exempt reserves | 132 | €10,472 | €7,125 | -€3,347 | -32.0% |
| Distributable reserves | 133 | €315,500 | €299,828 | -€15,672 | -5.0% |
| Profit (loss) carried forward | 14 | €274 | €274 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,491 | €2,375 | -€1,116 | -32.0% |
| Provisions for liabilities and charges | 160/5 | - | €2,375 | +€2,375 | |
| Pensions and similar obligations | 160 | - | €2,375 | +€2,375 | |
| Deferred taxes | 168 | €3,491 | - | -€3,491 | |
| Amounts payable | 17/49 | €26,113 | €82,413 | +€56,300 | +215.6% |
| Amounts payable within one year | 42/48 | €24,763 | €81,563 | +€56,800 | +229.4% |
| Current portion of amounts payable after more than one year | 42 | - | €900 | +€900 | |
| Trade debts | 44 | €1,387 | €4,101 | +€2,714 | +195.7% |
| Suppliers | 440/4 | €1,387 | €4,101 | +€2,714 | +195.7% |
| Taxes, remuneration and social security | 45 | €13,691 | €17,903 | +€4,212 | +30.8% |
| Taxes | 450/3 | €9,750 | €8,839 | -€912 | -9.3% |
| Remuneration and social security | 454/9 | €3,941 | €9,064 | +€5,124 | +130.0% |
| Other amounts payable | 47/48 | €9,686 | €58,659 | +€48,974 | +505.6% |
| Accrued charges and deferred income | 492/3 | €1,350 | €850 | -€500 | -37.0% |
| Non-recurring operating income | 76A | €86 | - | -€86 | |
| Remuneration, social security and pensions | 62 | €47,694 | €59,232 | +€11,538 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,314 | €38,612 | +€3,297 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,996 | +€5,996 | |
| Other operating charges | 640/8 | - | €4,490 | +€4,490 | |
| Non-recurring operating charges | 66A | €605 | - | -€605 | |
| Gross operating margin | 9900 | €90,498 | €151,984 | +€61,486 | +67.9% |
| Operating profit (loss) | 9901 | €6,885 | €43,655 | +€36,771 | +534.1% |
| Financial income | 75/76B | €1,867 | - | -€1,867 | |
| Recurring financial income | 75 | €1,867 | - | -€1,867 | |
| Financial charges | 65/66B | €354 | €2,153 | +€1,799 | +508.1% |
| Recurring financial charges | 65 | €354 | €2,153 | +€1,799 | +508.1% |
| Profit (loss) for the period before taxes | 9903 | €8,398 | €41,503 | +€33,105 | +394.2% |
| Transfer from deferred taxes | 780 | €1,116 | €1,116 | = | 0.0% |
| Income taxes | 67/77 | €4,143 | €13,638 | +€9,495 | +229.2% |
| Profit (loss) for the period | 9904 | €5,371 | €28,981 | +€23,610 | +439.6% |
| Transfer from tax-exempt reserves | 789 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,718 | €32,328 | +€23,610 | +270.8% |
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 10 October 2026 via checked.be.