MP Invest: 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 Invest
Largest movements
- Tangible fixed assets +€217,268
up €217,268 (+362%), from €60,077 to €277,344
of which Land and buildings: +€238,663
- Receivables within one year +€36,147
up €36,147 (+73.9%), from €48,928 to €85,076
of which Trade receivables: +€23,406
- Cash -€25,221
down €25,221 (-55.8%), from €45,214 to €19,994
mainly Investment in fixed assets (net) (-€232,842) and Contributions, distributions and other (-€45,075)
- Debts after one year +€142,788
up €142,788 (+1,199%), from €11,908 to €154,696
of which Financial debts: +€137,888
- Trade debts +€40,595
up €40,595 (+566%), from €7,173 to €47,768
- Tax, wage and social debts +€20,446
up €20,446 (+243,401%), from €8 to €20,454
- Profit (loss) carried forward +€16,757
up €16,757 (+13.6%), from €122,822 to €139,579
- Current portion of long-term debt +€6,032
up €6,032 (+74.7%), from €8,079 to €14,111
- Gross operating margin +€52,248
up €52,248 (+64.7%), from €80,763 to €133,010
- Other operating charges +€21,922
up €21,922 (+1,591%), from €1,378 to €23,300
- Taxes +€9,770
up €9,770 (+67.8%), from €14,416 to €24,185
- Financial charges +€4,351
up €4,351 (+255%), from €1,707 to €6,057
- Depreciation +€2,480
up €2,480 (+18.9%), from €13,095 to €15,574
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,493 | €386,160 | +€228,667 | +145% |
| Fixed assets | 21/28 | €61,917 | €279,184 | +€217,268 | +351% |
| Tangible fixed assets | 22/27 | €60,077 | €277,344 | +€217,268 | +362% |
| Land and buildings | 22 | - | €238,663 | +€238,663 | |
| Plant, machinery and equipment | 23 | €1,722 | €4,609 | +€2,887 | +168% |
| Furniture and vehicles | 24 | €58,354 | €34,073 | -€24,282 | -41.6% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €95,577 | €106,976 | +€11,400 | +11.9% |
| Amounts receivable within one year | 40/41 | €48,928 | €85,076 | +€36,147 | +73.9% |
| Trade receivables | 40 | €36,189 | €59,595 | +€23,406 | +64.7% |
| Other amounts receivable | 41 | €12,739 | €25,481 | +€12,741 | +100% |
| Cash at bank and in hand | 54/58 | €45,214 | €19,994 | -€25,221 | -55.8% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,907 | +€473 | +33.0% |
| Total equity and liabilities | 10/49 | €157,493 | €386,160 | +€228,667 | +145% |
| Equity | 10/15 | €125,322 | €142,079 | +€16,757 | +13.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,822 | €139,579 | +€16,757 | +13.6% |
| Amounts payable | 17/49 | €32,171 | €244,081 | +€211,910 | +659% |
| Amounts payable after more than one year | 17 | €11,908 | €154,696 | +€142,788 | +1,199% |
| Financial debts | 170/4 | €11,908 | €149,796 | +€137,888 | +1,158% |
| Other amounts payable | 178/9 | - | €4,900 | +€4,900 | |
| Amounts payable within one year | 42/48 | €17,863 | €82,332 | +€64,469 | +361% |
| Current portion of amounts payable after more than one year | 42 | €8,079 | €14,111 | +€6,032 | +74.7% |
| Trade debts | 44 | €7,173 | €47,768 | +€40,595 | +566% |
| Suppliers | 440/4 | €7,173 | €47,768 | +€40,595 | +566% |
| Taxes, remuneration and social security | 45 | €8 | €20,454 | +€20,446 | +243,401% |
| Taxes | 450/3 | €8 | €20,454 | +€20,446 | +243,401% |
| Other amounts payable | 47/48 | €2,604 | €0 | -€2,604 | -100% |
| Accrued charges and deferred income | 492/3 | €2,400 | €7,053 | +€4,653 | +194% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,095 | €15,574 | +€2,480 | +18.9% |
| Other operating charges | 640/8 | €1,378 | €23,300 | +€21,922 | +1,591% |
| Non-recurring operating charges | 66A | - | €2,600 | +€2,600 | |
| Gross operating margin | 9900 | €80,763 | €133,010 | +€52,248 | +64.7% |
| Operating profit (loss) | 9901 | €66,290 | €91,536 | +€25,246 | +38.1% |
| Financial income | 75/76B | €0 | €539 | +€539 | |
| Recurring financial income | 75 | €0 | €539 | +€539 | |
| Financial charges | 65/66B | €1,707 | €6,057 | +€4,351 | +255% |
| Recurring financial charges | 65 | €1,707 | €6,057 | +€4,351 | +255% |
| Profit (loss) for the period before taxes | 9903 | €64,583 | €86,017 | +€21,434 | +33.2% |
| Income taxes | 67/77 | €14,416 | €24,185 | +€9,770 | +67.8% |
| Profit (loss) for the period | 9904 | €50,168 | €61,832 | +€11,664 | +23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €50,168 | €61,832 | +€11,664 | +23.3% |
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 29 October 2026 via checked.be.