MP-NOVATIONS: 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-NOVATIONS
Largest movements
- Cash +€24,144
up €24,144 (+123%), from €19,608 to €43,752
mainly Net result for the year (+€23,486) and Tax, wage and social debts (+€11,499)
- Receivables within one year +€11,665
up €11,665 (+61.1%), from €19,102 to €30,767
of which Other amounts receivable: +€9,247
- Profit (loss) carried forward +€23,486
up €23,486 (+73.1%), from €32,151 to €55,637
- Tax, wage and social debts +€11,499
up €11,499 (+115%), from €10,042 to €21,542
- Gross operating margin -€9,688
down €9,688 (-22.7%), from €42,694 to €33,006
- Taxes -€1,555
down €1,555 (-19.0%), from €8,192 to €6,637
- Depreciation +€636
up €636 (+35.6%), from €1,788 to €2,424
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 | €43,193 | €78,630 | +€35,437 | +82.0% |
| Fixed assets | 21/28 | €4,483 | €4,111 | -€372 | -8.3% |
| Tangible fixed assets | 22/27 | €4,483 | €4,111 | -€372 | -8.3% |
| Furniture and vehicles | 24 | €4,483 | €4,111 | -€372 | -8.3% |
| Current assets | 29/58 | €38,710 | €74,519 | +€35,809 | +92.5% |
| Amounts receivable within one year | 40/41 | €19,102 | €30,767 | +€11,665 | +61.1% |
| Trade receivables | 40 | €8,674 | €11,092 | +€2,418 | +27.9% |
| Other amounts receivable | 41 | €10,428 | €19,675 | +€9,247 | +88.7% |
| Cash at bank and in hand | 54/58 | €19,608 | €43,752 | +€24,144 | +123% |
| Total equity and liabilities | 10/49 | €43,193 | €78,630 | +€35,437 | +82.0% |
| Equity | 10/15 | €33,151 | €56,637 | +€23,486 | +70.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,151 | €55,637 | +€23,486 | +73.1% |
| Amounts payable | 17/49 | €10,042 | €21,993 | +€11,951 | +119% |
| Amounts payable within one year | 42/48 | €10,042 | €21,993 | +€11,951 | +119% |
| Trade debts | 44 | - | €452 | +€452 | |
| Suppliers | 440/4 | - | €452 | +€452 | |
| Taxes, remuneration and social security | 45 | €10,042 | €21,542 | +€11,499 | +115% |
| Taxes | 450/3 | €10,042 | €21,542 | +€11,499 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,788 | €2,424 | +€636 | +35.6% |
| Other operating charges | 640/8 | €512 | €367 | -€145 | -28.3% |
| Gross operating margin | 9900 | €42,694 | €33,006 | -€9,688 | -22.7% |
| Operating profit (loss) | 9901 | €40,395 | €30,216 | -€10,179 | -25.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €52 | €93 | +€41 | +78.6% |
| Recurring financial charges | 65 | €52 | €93 | +€41 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €40,342 | €30,123 | -€10,220 | -25.3% |
| Income taxes | 67/77 | €8,192 | €6,637 | -€1,555 | -19.0% |
| Profit (loss) for the period | 9904 | €32,151 | €23,486 | -€8,664 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,151 | €23,486 | -€8,664 | -26.9% |
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 13 October 2026 via checked.be.