MP HOLDINGS: 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.
What changed
MP HOLDINGS
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€161,632
2024 · €188,940-€350,571
Equity
€2.9m
2024 · €3.1m-€161,632
Cash
€291,096
2024 · €302,231-€11,135
Balance sheet total
€20.8m
2024 · €21.3m-€587,049
Largest movements
Assets
- Tangible fixed assets -€552,602
down €552,602 (-3.8%), from €14.4m to €13.8m
of which Other tangible fixed assets: -€375,739
- Intangible fixed assets -€392,726
down €392,726 (-7.3%), from €5.4m to €5.0m
- Receivables within one year +€369,414
up €369,414 (+29.9%), from €1.2m to €1.6m
of which Other amounts receivable: +€378,715
Equity and liabilities
- Debts after one year -€605,651
down €605,651 (-3.5%), from €17.2m to €16.6m
Income statement
- Gross operating margin -€460,866
down €460,866 (-23.2%), from €2.0m to €1.5m
- Taxes -€66,019
down €66,019 (-44.3%), from €149,091 to €83,072
- Financial charges -€42,923
down €42,923 (-6.4%), from €673,382 to €630,459
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
€188,940
Gross operating margin
-€460,866
Depreciation
-€1,159
Other operating charges
-€5,353
Financial income
+€7,864
Financial charges
+€42,923
Taxes
+€66,019
Result 2025
-€161,632
raises the resultlowers the result
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.
From operations
+€629,028
Investment
-€34,512
Financing
-€605,651
Cash 2024
€302,231
From operations (derived)
+€629,028
Net result for the year
-€161,632
Depreciation
+€979,839
Receivables within one year
-€369,414
Trade debts
-€5,205
Tax, wage and social debts
+€22,051
Advances received
+€181,814
Accrued charges and deferred income
-€18,426
Investment (derived)
-€34,512
Investment in fixed assets (net)
-€34,512
Financing
-€605,651
Debts after one year
-€605,651
Current portion of long-term debt
-€0
Cash 2025
€291,096
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,346,227 | €20,759,178 | -€587,049 | -2.8% |
| Fixed assets | 21/28 | €19,810,314 | €18,864,986 | -€945,327 | -4.8% |
| Intangible fixed assets | 21 | €5,399,979 | €5,007,253 | -€392,726 | -7.3% |
| Tangible fixed assets | 22/27 | €14,400,335 | €13,847,733 | -€552,602 | -3.8% |
| Land and buildings | 22 | €4,408,572 | €4,231,710 | -€176,862 | -4.0% |
| Other tangible fixed assets | 26 | €9,991,763 | €9,616,024 | -€375,739 | -3.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €1,535,914 | €1,894,192 | +€358,279 | +23.3% |
| Amounts receivable within one year | 40/41 | €1,233,682 | €1,603,096 | +€369,414 | +29.9% |
| Trade receivables | 40 | €33,793 | €24,491 | -€9,301 | -27.5% |
| Other amounts receivable | 41 | €1,199,890 | €1,578,605 | +€378,715 | +31.6% |
| Cash at bank and in hand | 54/58 | €302,231 | €291,096 | -€11,135 | -3.7% |
| Total equity and liabilities | 10/49 | €21,346,227 | €20,759,178 | -€587,049 | -2.8% |
| Equity | 10/15 | €3,097,351 | €2,935,719 | -€161,632 | -5.2% |
| Contributions | 10/11 | €5,600,000 | €5,600,000 | = | 0.0% |
| Capital | 10 | €5,600,000 | €5,600,000 | = | 0.0% |
| Issued capital | 100 | €5,600,000 | €5,600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,502,649 | -€2,664,281 | -€161,632 | -6.5% |
| Amounts payable | 17/49 | €18,248,876 | €17,823,459 | -€425,417 | -2.3% |
| Amounts payable after more than one year | 17 | €17,224,465 | €16,618,814 | -€605,651 | -3.5% |
| Financial debts | 170/4 | €17,224,465 | €16,618,814 | -€605,651 | -3.5% |
| Amounts payable within one year | 42/48 | €1,002,986 | €1,201,645 | +€198,659 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €605,651 | €605,651 | -€0 | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €318,244 | €313,039 | -€5,205 | -1.6% |
| Suppliers | 440/4 | €318,244 | €313,039 | -€5,205 | -1.6% |
| Advances received on contracts in progress | 46 | - | €181,814 | +€181,814 | |
| Taxes, remuneration and social security | 45 | €79,091 | €101,142 | +€22,051 | +27.9% |
| Taxes | 450/3 | €79,091 | €101,142 | +€22,051 | +27.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €21,426 | €3,000 | -€18,426 | -86.0% |
| Non-recurring operating income | 76A | €21,474 | €0 | -€21,474 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978,681 | €979,839 | +€1,159 | +0.1% |
| Other operating charges | 640/8 | €27,591 | €32,944 | +€5,353 | +19.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,985,192 | €1,524,326 | -€460,866 | -23.2% |
| Operating profit (loss) | 9901 | €978,920 | €511,543 | -€467,377 | -47.7% |
| Financial income | 75/76B | €32,492 | €40,357 | +€7,864 | +24.2% |
| Recurring financial income | 75 | €32,492 | €40,357 | +€7,864 | +24.2% |
| Financial charges | 65/66B | €673,382 | €630,459 | -€42,923 | -6.4% |
| Recurring financial charges | 65 | €673,382 | €630,459 | -€42,923 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €338,031 | -€78,560 | -€416,590 | |
| Income taxes | 67/77 | €149,091 | €83,072 | -€66,019 | -44.3% |
| Profit (loss) for the period | 9904 | €188,940 | -€161,632 | -€350,571 | |
| Profit (loss) for the period to be appropriated | 9905 | €188,940 | -€161,632 | -€350,571 |
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 25 October 2026 via checked.be.