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 +€45,691
up €45,691 (+14.4%), from €317,180 to €362,871
of which Furniture and vehicles: +€48,056
- Receivables within one year +€40,058
up €40,058 (+69.1%), from €57,986 to €98,043
of which Other amounts receivable: +€32,920
- Cash -€9,271
down €9,271 (-99.6%), from €9,311 to €40
mainly Investment in fixed assets (net) (-€52,715) and Receivables within one year (-€40,058)
- Debts after one year +€38,761
new in 2025: €38,761
- Reserves +€35,630
up €35,630 (+18.5%), from €192,446 to €228,076
- Other debts -€26,341
down €26,341 (-16.1%), from €163,706 to €137,366
- Tax, wage and social debts +€16,947
up €16,947 (+226%), from €7,493 to €24,441
- Current portion of long-term debt +€12,481
new in 2025: €12,481
- Gross operating margin +€40,797
up €40,797 (+159%), from €25,590 to €66,387
- Taxes +€12,940
up €12,940 (+703%), from €1,841 to €14,781
- Other operating charges +€3,001
up €3,001 (+59.4%), from €5,055 to €8,056
- Depreciation +€2,750
up €2,750 (+64.3%), from €4,274 to €7,024
- Financial charges +€751
up €751 (+128%), from €586 to €1,338
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 | €384,868 | €463,450 | +€78,582 | +20.4% |
| Fixed assets | 21/28 | €317,180 | €362,871 | +€45,691 | +14.4% |
| Tangible fixed assets | 22/27 | €317,180 | €362,871 | +€45,691 | +14.4% |
| Land and buildings | 22 | €316,403 | €314,038 | -€2,365 | -0.7% |
| Furniture and vehicles | 24 | €777 | €48,833 | +€48,056 | +6,188% |
| Current assets | 29/58 | €67,688 | €100,579 | +€32,891 | +48.6% |
| Amounts receivable within one year | 40/41 | €57,986 | €98,043 | +€40,058 | +69.1% |
| Trade receivables | 40 | €486 | €7,623 | +€7,137 | +1,469% |
| Other amounts receivable | 41 | €57,500 | €90,420 | +€32,920 | +57.3% |
| Cash at bank and in hand | 54/58 | €9,311 | €40 | -€9,271 | -99.6% |
| Deferred charges and accrued income | 490/1 | €391 | €2,495 | +€2,104 | +538% |
| Total equity and liabilities | 10/49 | €384,868 | €463,450 | +€78,582 | +20.4% |
| Equity | 10/15 | €204,846 | €240,476 | +€35,630 | +17.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €192,446 | €228,076 | +€35,630 | +18.5% |
| Distributable reserves | 133 | €192,446 | €228,076 | +€35,630 | +18.5% |
| Amounts payable | 17/49 | €180,022 | €222,974 | +€42,952 | +23.9% |
| Amounts payable after more than one year | 17 | - | €38,761 | +€38,761 | |
| Financial debts | 170/4 | - | €38,761 | +€38,761 | |
| Amounts payable within one year | 42/48 | €178,882 | €183,937 | +€5,055 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,481 | +€12,481 | |
| Financial debts | 43 | €3,964 | €4,097 | +€132 | +3.3% |
| Credit institutions | 430/8 | €3,964 | €4,097 | +€132 | +3.3% |
| Trade debts | 44 | €3,718 | €5,553 | +€1,835 | +49.4% |
| Suppliers | 440/4 | €3,718 | €5,553 | +€1,835 | +49.4% |
| Taxes, remuneration and social security | 45 | €7,493 | €24,441 | +€16,947 | +226% |
| Taxes | 450/3 | €7,493 | €24,441 | +€16,947 | +226% |
| Other amounts payable | 47/48 | €163,706 | €137,366 | -€26,341 | -16.1% |
| Accrued charges and deferred income | 492/3 | €1,140 | €277 | -€863 | -75.7% |
| Remuneration, social security and pensions | 62 | €154 | €0 | -€154 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,274 | €7,024 | +€2,750 | +64.3% |
| Other operating charges | 640/8 | €5,055 | €8,056 | +€3,001 | +59.4% |
| Gross operating margin | 9900 | €25,590 | €66,387 | +€40,797 | +159% |
| Operating profit (loss) | 9901 | €16,107 | €51,307 | +€35,200 | +219% |
| Financial income | 75/76B | - | €441 | +€441 | |
| Recurring financial income | 75 | - | €441 | +€441 | |
| Financial charges | 65/66B | €586 | €1,338 | +€751 | +128% |
| Recurring financial charges | 65 | €586 | €1,338 | +€751 | +128% |
| Profit (loss) for the period before taxes | 9903 | €15,521 | €50,411 | +€34,890 | +225% |
| Income taxes | 67/77 | €1,841 | €14,781 | +€12,940 | +703% |
| Profit (loss) for the period | 9904 | €13,680 | €35,630 | +€21,950 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €13,680 | €35,630 | +€21,950 | +160% |
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 26 October 2026 via checked.be.