MP PROTECTION: 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 PROTECTION
Largest movements
- Cash +€31,955
up €31,955 (+181.2%), from €17,633 to €49,588
mainly Net result for the year (+€16,086) and Investment in fixed assets (net) (+€6,140)
- Tangible fixed assets -€9,826
down €9,826 (-42.4%), from €23,188 to €13,362
of which Furniture and vehicles: -€10,353
- Profit (loss) carried forward +€16,086
up €16,086 (+17.4%), from €92,558 to €108,644
- Tax, wage and social debts +€4,592
up €4,592 (+739.8%), from €621 to €5,212
of which Remuneration and social security: +€2,645
- Other debts +€2,027
up €2,027 (+23.4%), from €8,653 to €10,680
- Gross operating margin +€8,590
up €8,590 (+44.2%), from €19,445 to €28,034
- Taxes +€3,300
up €3,300 (+95.4%), from €3,460 to €6,760
- Depreciation -€1,416
down €1,416 (-27.8%), from €5,103 to €3,686
- Financial income -€554
down €554 (-32.0%), from €1,732 to €1,178
- Other operating charges +€496
up €496 (+96.6%), from €514 to €1,010
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 | €157,922 | €179,931 | +€22,009 | +13.9% |
| Fixed assets | 21/28 | €23,188 | €13,362 | -€9,826 | -42.4% |
| Tangible fixed assets | 22/27 | €23,188 | €13,362 | -€9,826 | -42.4% |
| Plant, machinery and equipment | 23 | €6,344 | €6,871 | +€527 | +8.3% |
| Furniture and vehicles | 24 | €16,844 | €6,490 | -€10,353 | -61.5% |
| Current assets | 29/58 | €134,734 | €166,570 | +€31,836 | +23.6% |
| Amounts receivable within one year | 40/41 | €15,717 | €14,161 | -€1,556 | -9.9% |
| Trade receivables | 40 | €12,002 | €11,881 | -€121 | -1.0% |
| Other amounts receivable | 41 | €3,715 | €2,281 | -€1,435 | -38.6% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,633 | €49,588 | +€31,955 | +181.2% |
| Deferred charges and accrued income | 490/1 | €1,384 | €2,820 | +€1,436 | +103.8% |
| Total equity and liabilities | 10/49 | €157,922 | €179,931 | +€22,009 | +13.9% |
| Equity | 10/15 | €147,558 | €163,644 | +€16,086 | +10.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,558 | €108,644 | +€16,086 | +17.4% |
| Amounts payable | 17/49 | €10,364 | €16,287 | +€5,923 | +57.1% |
| Amounts payable within one year | 42/48 | €10,364 | €16,287 | +€5,923 | +57.1% |
| Trade debts | 44 | €1,090 | €395 | -€695 | -63.8% |
| Suppliers | 440/4 | €1,090 | €395 | -€695 | -63.8% |
| Taxes, remuneration and social security | 45 | €621 | €5,212 | +€4,592 | +739.8% |
| Taxes | 450/3 | €621 | €2,568 | +€1,947 | +313.7% |
| Remuneration and social security | 454/9 | €0 | €2,645 | +€2,645 | |
| Other amounts payable | 47/48 | €8,653 | €10,680 | +€2,027 | +23.4% |
| Non-recurring operating income | 76A | - | €25,902 | +€25,902 | |
| Remuneration, social security and pensions | 62 | €317 | €790 | +€473 | +149.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,103 | €3,686 | -€1,416 | -27.8% |
| Other operating charges | 640/8 | €514 | €1,010 | +€496 | +96.6% |
| Gross operating margin | 9900 | €19,445 | €28,034 | +€8,590 | +44.2% |
| Operating profit (loss) | 9901 | €13,512 | €22,549 | +€9,037 | +66.9% |
| Financial income | 75/76B | €1,732 | €1,178 | -€554 | -32.0% |
| Recurring financial income | 75 | €1,732 | €1,178 | -€554 | -32.0% |
| Financial charges | 65/66B | €809 | €880 | +€71 | +8.8% |
| Recurring financial charges | 65 | €809 | €880 | +€71 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €14,435 | €22,846 | +€8,411 | +58.3% |
| Income taxes | 67/77 | €3,460 | €6,760 | +€3,300 | +95.4% |
| Profit (loss) for the period | 9904 | €10,976 | €16,086 | +€5,111 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,976 | €16,086 | +€5,111 | +46.6% |
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 5 October 2026 via checked.be.