MP Management: 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 Management
Largest movements
- Tangible fixed assets -€47,649
down €47,649 (-37.0%), from €128,901 to €81,252
of which Furniture and vehicles: -€42,421
- Cash -€27,238
down €27,238 (-34.8%), from €78,279 to €51,041
mainly Advances received (-€50,000) and Tax, wage and social debts (-€33,696)
- Receivables within one year -€19,691
down €19,691 (-37.7%), from €52,225 to €32,533
of which Trade receivables: -€29,074
- Advances received -€50,000
no longer reported in 2025 (was €50,000)
- Tax, wage and social debts -€33,696
down €33,696 (-68.2%), from €49,426 to €15,731
of which Taxes: -€36,603
- Other debts +€18,700
up €18,700 (+116%), from €16,126 to €34,825
- Profit (loss) carried forward -€17,940
down €17,940, from €10,170 to -€7,771
- Debts after one year -€11,221
down €11,221 (-38.5%), from €29,157 to €17,936
- Gross operating margin -€10,260
down €10,260 (-16.2%), from €63,327 to €53,067
- Depreciation +€10,117
up €10,117 (+27.1%), from €37,288 to €47,405
- Taxes -€5,511
down €5,511 (-95.1%), from €5,796 to €284
- Staff costs +€4,669
up €4,669 (+44.3%), from €10,549 to €15,218
- Other operating charges -€1,131
down €1,131 (-31.3%), from €3,614 to €2,483
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 | €264,826 | €171,658 | -€93,169 | -35.2% |
| Fixed assets | 21/28 | €129,161 | €81,512 | -€47,649 | -36.9% |
| Tangible fixed assets | 22/27 | €128,901 | €81,252 | -€47,649 | -37.0% |
| Plant, machinery and equipment | 23 | €5,229 | - | -€5,229 | |
| Furniture and vehicles | 24 | €123,673 | €81,252 | -€42,421 | -34.3% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €135,665 | €90,146 | -€45,519 | -33.6% |
| Amounts receivable within one year | 40/41 | €52,225 | €32,533 | -€19,691 | -37.7% |
| Trade receivables | 40 | €49,535 | €20,461 | -€29,074 | -58.7% |
| Other amounts receivable | 41 | €2,689 | €12,072 | +€9,383 | +349% |
| Cash at bank and in hand | 54/58 | €78,279 | €51,041 | -€27,238 | -34.8% |
| Deferred charges and accrued income | 490/1 | €5,161 | €6,572 | +€1,410 | +27.3% |
| Total equity and liabilities | 10/49 | €264,826 | €171,658 | -€93,169 | -35.2% |
| Equity | 10/15 | €100,050 | €82,109 | -€17,940 | -17.9% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €71,880 | €71,880 | = | 0.0% |
| Distributable reserves | 133 | €71,880 | €71,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,170 | -€7,771 | -€17,940 | |
| Amounts payable | 17/49 | €164,777 | €89,548 | -€75,228 | -45.7% |
| Amounts payable after more than one year | 17 | €29,157 | €17,936 | -€11,221 | -38.5% |
| Financial debts | 170/4 | €29,157 | €17,936 | -€11,221 | -38.5% |
| Amounts payable within one year | 42/48 | €135,620 | €71,613 | -€64,007 | -47.2% |
| Current portion of amounts payable after more than one year | 42 | €12,452 | €11,221 | -€1,230 | -9.9% |
| Trade debts | 44 | €7,616 | €9,835 | +€2,219 | +29.1% |
| Suppliers | 440/4 | €7,616 | €9,835 | +€2,219 | +29.1% |
| Advances received on contracts in progress | 46 | €50,000 | - | -€50,000 | |
| Taxes, remuneration and social security | 45 | €49,426 | €15,731 | -€33,696 | -68.2% |
| Taxes | 450/3 | €46,410 | €9,808 | -€36,603 | -78.9% |
| Remuneration and social security | 454/9 | €3,016 | €5,923 | +€2,907 | +96.4% |
| Other amounts payable | 47/48 | €16,126 | €34,825 | +€18,700 | +116% |
| Remuneration, social security and pensions | 62 | €10,549 | €15,218 | +€4,669 | +44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,288 | €47,405 | +€10,117 | +27.1% |
| Other operating charges | 640/8 | €3,614 | €2,483 | -€1,131 | -31.3% |
| Non-recurring operating charges | 66A | - | €4,645 | +€4,645 | |
| Gross operating margin | 9900 | €63,327 | €53,067 | -€10,260 | -16.2% |
| Operating profit (loss) | 9901 | €11,876 | -€16,684 | -€28,560 | |
| Financial income | 75/76B | €42 | €547 | +€505 | +1,209% |
| Recurring financial income | 75 | €42 | €547 | +€505 | +1,209% |
| Financial charges | 65/66B | €1,271 | €1,519 | +€248 | +19.5% |
| Recurring financial charges | 65 | €1,271 | €1,519 | +€248 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €10,647 | -€17,656 | -€28,303 | |
| Income taxes | 67/77 | €5,796 | €284 | -€5,511 | -95.1% |
| Profit (loss) for the period | 9904 | €4,851 | -€17,940 | -€22,792 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,851 | -€17,940 | -€22,792 |
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 28 October 2026 via checked.be.