MP GROUP: 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.
What changed
MP GROUP
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€4.3m
2024 · €1.3m+€2.9m
Equity
€25.6m
2024 · €21.4m+€4.3m
Cash
€1.4m
2024 · €153,266+€1.2m
Balance sheet total
€26.5m
2024 · €22.7m+€3.7m
Largest movements
Assets
- Current investments +€1.6m
up €1.6m (+527.4%), from €300,000 to €1.9m
- Cash +€1.2m
up €1.2m (+814.4%), from €153,266 to €1.4m
mainly Net result for the year (+€4.3m) and Tax, wage and social debts (+€141,329)
- Receivables within one year +€966,777
up €966,777 (+14.8%), from €6.5m to €7.5m
of which Other amounts receivable: +€912,540
Equity and liabilities
- Reserves +€4.3m
up €4.3m (+24.5%), from €17.3m to €21.6m
of which Distributable reserves: +€3.6m
- Accrued charges and deferred income -€815,489
down €815,489 (-77.7%), from €1.0m to €234,129
Income statement
- Financial income +€3.2m
up €3.2m (+1071.9%), from €296,875 to €3.5m
- Staff costs +€141,586
up €141,586 (+13.1%), from €1.1m to €1.2m
- Services and other goods +€63,226
up €63,226 (+9.2%), from €690,824 to €754,050
- Taxes -€41,733
down €41,733 (-9.1%), from €457,479 to €415,746
of which Taxes: -€41,746
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.
Result 2024
€1.3m
Turnover
-€28,410
Other operating income
-€22,302
Services and other goods
-€63,226
Staff costs
-€141,586
Depreciation
-€26,550
Other operating charges
-€1,829
Other operating items
+€7,465
Financial income
+€3.2m
Financial charges
-€28,527
Taxes
+€41,733
Result 2025
€4.3m
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.
From operations
+€2.9m
Investment
-€1.6m
Financing
€0
Cash 2024
€153,266
From operations (derived)
+€2.9m
Net result for the year
+€4.3m
Depreciation
+€115,572
Receivables within one year
-€966,777
Deferred charges and accrued income
-€6,054
Trade debts
+€50,768
Tax, wage and social debts
+€141,329
Other debts
+€100,703
Accrued charges and deferred income
-€815,489
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€41,544
Current investments
-€1.6m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,744,222 | €26,473,583 | +€3.7m | +16.4% |
| Fixed assets | 21/28 | €15,707,129 | €15,633,100 | -€74,028 | -0.5% |
| Tangible fixed assets | 22/27 | €384,401 | €310,373 | -€74,028 | -19.3% |
| Furniture and vehicles | 24 | €370,593 | €306,641 | -€63,952 | -17.3% |
| Other tangible fixed assets | 26 | €13,808 | €3,732 | -€10,076 | -73.0% |
| Financial fixed assets | 28 | €15,322,727 | €15,322,727 | = | 0.0% |
| Affiliated companies | 280/1 | €15,322,727 | €15,322,727 | = | 0.0% |
| Participating interests | 280 | €15,322,727 | €15,322,727 | = | 0.0% |
| Current assets | 29/58 | €7,037,093 | €10,840,483 | +€3.8m | +54.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,524,587 | €7,491,364 | +€966,777 | +14.8% |
| Trade receivables | 40 | €327,871 | €382,108 | +€54,238 | +16.5% |
| Other amounts receivable | 41 | €6,196,716 | €7,109,256 | +€912,540 | +14.7% |
| Current investments | 50/53 | €300,000 | €1,882,328 | +€1.6m | +527.4% |
| Other investments | 51/53 | €300,000 | €1,882,328 | +€1.6m | +527.4% |
| Cash at bank and in hand | 54/58 | €153,266 | €1,401,496 | +€1.2m | +814.4% |
| Deferred charges and accrued income | 490/1 | €59,241 | €65,295 | +€6,054 | +10.2% |
| Total equity and liabilities | 10/49 | €22,744,222 | €26,473,583 | +€3.7m | +16.4% |
| Equity | 10/15 | €21,356,701 | €25,608,751 | +€4.3m | +19.9% |
| Contributions | 10/11 | €4,000,000 | €4,000,000 | = | 0.0% |
| Capital | 10 | €4,000,000 | €4,000,000 | = | 0.0% |
| Issued capital | 100 | €4,000,000 | €4,000,000 | = | 0.0% |
| Reserves | 13 | €17,349,450 | €21,599,900 | +€4.3m | +24.5% |
| Non-distributable reserves | 130/1 | €400,000 | €400,000 | = | 0.0% |
| Legal reserve | 130 | €400,000 | €400,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €189,450 | €799,900 | +€610,450 | +322.2% |
| Distributable reserves | 133 | €16,760,000 | €20,400,000 | +€3.6m | +21.7% |
| Profit (loss) carried forward | 14 | €7,251 | €8,851 | +€1,600 | +22.1% |
| Amounts payable | 17/49 | €1,387,521 | €864,832 | -€522,689 | -37.7% |
| Amounts payable within one year | 42/48 | €337,903 | €630,703 | +€292,800 | +86.7% |
| Trade debts | 44 | €49,176 | €99,943 | +€50,768 | +103.2% |
| Suppliers | 440/4 | €49,176 | €99,943 | +€50,768 | +103.2% |
| Taxes, remuneration and social security | 45 | €243,727 | €385,056 | +€141,329 | +58.0% |
| Taxes | 450/3 | €73,195 | €171,362 | +€98,167 | +134.1% |
| Remuneration and social security | 454/9 | €170,532 | €213,695 | +€43,162 | +25.3% |
| Other amounts payable | 47/48 | €45,000 | €145,703 | +€100,703 | +223.8% |
| Accrued charges and deferred income | 492/3 | €1,049,618 | €234,129 | -€815,489 | -77.7% |
| Operating income | 70/76A | €3,372,412 | €3,316,994 | -€55,418 | -1.6% |
| Turnover | 70 | €3,227,410 | €3,199,000 | -€28,410 | -0.9% |
| Other operating income | 74 | €140,296 | €117,994 | -€22,302 | -15.9% |
| Non-recurring operating income | 76A | €4,706 | €0 | -€4,706 | -100.0% |
| Operating charges | 60/66A | €1,874,413 | €2,095,433 | +€221,020 | +11.8% |
| Services and other goods | 61 | €690,824 | €754,050 | +€63,226 | +9.2% |
| Remuneration, social security and pensions | 62 | €1,079,813 | €1,221,400 | +€141,586 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,023 | €115,572 | +€26,550 | +29.8% |
| Other operating charges | 640/8 | €2,582 | €4,411 | +€1,829 | +70.8% |
| Non-recurring operating charges | 66A | €12,171 | €0 | -€12,171 | -100.0% |
| Operating profit (loss) | 9901 | €1,497,999 | €1,221,561 | -€276,438 | -18.5% |
| Financial income | 75/76B | €296,875 | €3,479,136 | +€3.2m | +1071.9% |
| Recurring financial income | 75 | €296,875 | €3,479,136 | +€3.2m | +1071.9% |
| Income from financial fixed assets | 750 | - | €3,022,660 | +€3.0m | |
| Income from current assets | 751 | €217,771 | €220,576 | +€2,806 | +1.3% |
| Other financial income | 752/9 | €79,105 | €235,899 | +€156,795 | +198.2% |
| Financial charges | 65/66B | €4,373 | €32,900 | +€28,527 | +652.3% |
| Recurring financial charges | 65 | €4,373 | €32,900 | +€28,527 | +652.3% |
| Debt charges | 650 | €18 | €0 | -€18 | -100.0% |
| Other financial charges | 652/9 | €4,355 | €32,900 | +€28,545 | +655.5% |
| Profit (loss) for the period before taxes | 9903 | €1,790,501 | €4,667,796 | +€2.9m | +160.7% |
| Income taxes | 67/77 | €457,479 | €415,746 | -€41,733 | -9.1% |
| Taxes | 670/3 | €457,492 | €415,746 | -€41,746 | -9.1% |
| Tax adjustments and reversals of tax provisions | 77 | €13 | €0 | -€13 | -100.0% |
| Profit (loss) for the period | 9904 | €1,333,022 | €4,252,050 | +€2.9m | +219.0% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €610,450 | +€421,000 | +222.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,143,572 | €3,641,600 | +€2.5m | +218.4% |
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.