MP PELLET: what changed
Two fiscal 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 PELLET
Largest movements
- Receivables within one year +€108,391
up €108,391 (+352.1%), from €30,785 to €139,176
of which Trade receivables: +€98,218
- Cash +€48,242
up €48,242 (+56.7%), from €85,016 to €133,258
mainly Net result for the year (+€65,133) and Trade debts (+€63,869)
- Deferred charges and accrued income -€15,841
down €15,841 (-45.4%), from €34,857 to €19,016
- Tangible fixed assets +€5,888
up €5,888 (+9.8%), from €60,171 to €66,059
of which Furniture and vehicles: +€9,678
- Profit (loss) carried forward +€65,133
up €65,133 (+20.2%), from €322,849 to €387,982
- Trade debts +€63,869
up €63,869 (+94.5%), from €67,562 to €131,431
- Tax, wage and social debts +€10,890
up €10,890 (+88.6%), from €12,296 to €23,186
of which Taxes: +€7,024
- Staff costs +€35,624
up €35,624 (+35.8%), from €99,599 to €135,224
- Taxes -€11,553
down €11,553 (-50.0%), from €23,113 to €11,560
- Gross operating margin -€9,168
down €9,168 (-3.6%), from €255,612 to €246,444
- Depreciation +€4,969
up €4,969 (+27.9%), from €17,798 to €22,768
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.
Cash bridge derived
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 | €407,046 | €550,890 | +€143,844 | +35.3% |
| Fixed assets | 21/28 | €65,421 | €71,309 | +€5,888 | +9.0% |
| Tangible fixed assets | 22/27 | €60,171 | €66,059 | +€5,888 | +9.8% |
| Plant, machinery and equipment | 23 | €15,913 | €12,123 | -€3,790 | -23.8% |
| Furniture and vehicles | 24 | €44,258 | €53,936 | +€9,678 | +21.9% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €341,625 | €479,581 | +€137,955 | +40.4% |
| Stocks and contracts in progress | 3 | €190,968 | €188,130 | -€2,837 | -1.5% |
| Stocks | 30/36 | €190,968 | €188,130 | -€2,837 | -1.5% |
| Amounts receivable within one year | 40/41 | €30,785 | €139,176 | +€108,391 | +352.1% |
| Trade receivables | 40 | €27,361 | €125,579 | +€98,218 | +359.0% |
| Other amounts receivable | 41 | €3,424 | €13,597 | +€10,173 | +297.1% |
| Cash at bank and in hand | 54/58 | €85,016 | €133,258 | +€48,242 | +56.7% |
| Deferred charges and accrued income | 490/1 | €34,857 | €19,016 | -€15,841 | -45.4% |
| Total equity and liabilities | 10/49 | €407,046 | €550,890 | +€143,844 | +35.3% |
| Equity | 10/15 | €325,849 | €390,982 | +€65,133 | +20.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €322,849 | €387,982 | +€65,133 | +20.2% |
| Amounts payable | 17/49 | €81,198 | €159,908 | +€78,710 | +96.9% |
| Amounts payable within one year | 42/48 | €81,198 | €159,908 | +€78,710 | +96.9% |
| Trade debts | 44 | €67,562 | €131,431 | +€63,869 | +94.5% |
| Suppliers | 440/4 | €67,562 | €131,431 | +€63,869 | +94.5% |
| Advances received on contracts in progress | 46 | - | €2,000 | +€2,000 | |
| Taxes, remuneration and social security | 45 | €12,296 | €23,186 | +€10,890 | +88.6% |
| Taxes | 450/3 | €241 | €7,265 | +€7,024 | +2918.4% |
| Remuneration and social security | 454/9 | €12,055 | €15,921 | +€3,866 | +32.1% |
| Other amounts payable | 47/48 | €1,340 | €3,291 | +€1,951 | +145.6% |
| Remuneration, social security and pensions | 62 | €99,599 | €135,224 | +€35,624 | +35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,798 | €22,768 | +€4,969 | +27.9% |
| Other operating charges | 640/8 | €4,278 | €4,580 | +€302 | +7.1% |
| Non-recurring operating charges | 66A | €8,297 | - | -€8,297 | |
| Gross operating margin | 9900 | €255,612 | €246,444 | -€9,168 | -3.6% |
| Operating profit (loss) | 9901 | €125,640 | €83,872 | -€41,768 | -33.2% |
| Financial income | 75/76B | €207 | - | -€207 | |
| Recurring financial income | 75 | €207 | - | -€207 | |
| Financial charges | 65/66B | €5,130 | €7,179 | +€2,049 | +40.0% |
| Recurring financial charges | 65 | €5,130 | €7,179 | +€2,049 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €120,718 | €76,693 | -€44,025 | -36.5% |
| Income taxes | 67/77 | €23,113 | €11,560 | -€11,553 | -50.0% |
| Profit (loss) for the period | 9904 | €97,605 | €65,133 | -€32,472 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €97,605 | €65,133 | -€32,472 | -33.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.