MP SANIT: 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 SANIT
Largest movements
- Stocks and contracts +€878,487
up €878,487 (+312.4%), from €281,220 to €1.2m
- Tangible fixed assets +€234,069
up €234,069 (+280.2%), from €83,547 to €317,616
of which Other tangible fixed assets: +€130,777
- Receivables within one year +€97,073
up €97,073 (+56.8%), from €170,946 to €268,019
of which Trade receivables: +€92,127
- Cash +€61,192
up €61,192 (+183.1%), from €33,411 to €94,603
mainly Debts after one year (+€830,000) and Trade debts (+€524,090)
- Debts after one year +€830,000
new in 2025: €830,000
- Trade debts +€524,090
up €524,090 (+484.8%), from €108,101 to €632,191
- Other debts -€200,363
down €200,363 (-99.6%), from €201,089 to €726
- Profit (loss) carried forward +€127,381
up €127,381 (+52.2%), from €243,995 to €371,376
- Gross operating margin +€133,472
up €133,472 (+73.2%), from €182,363 to €315,835
- Staff costs +€74,640
up €74,640 (+180.3%), from €41,391 to €116,031
- Financial income +€21,894
up €21,894 (+159.9%), from €13,690 to €35,584
- Depreciation +€14,442
up €14,442 (+58.7%), from €24,616 to €39,058
- Taxes +€10,275
up €10,275 (+31.1%), from €33,088 to €43,363
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 | €601,771 | €1,881,174 | +€1.3m | +212.6% |
| Fixed assets | 21/28 | €112,827 | €353,410 | +€240,583 | +213.2% |
| Intangible fixed assets | 21 | €29,220 | €20,884 | -€8,336 | -28.5% |
| Tangible fixed assets | 22/27 | €83,547 | €317,616 | +€234,069 | +280.2% |
| Plant, machinery and equipment | 23 | €63,932 | €156,035 | +€92,103 | +144.1% |
| Furniture and vehicles | 24 | €9,117 | €20,306 | +€11,189 | +122.7% |
| Other tangible fixed assets | 26 | €10,498 | €141,275 | +€130,777 | +1245.7% |
| Financial fixed assets | 28 | €60 | €14,910 | +€14,850 | +24750.0% |
| Current assets | 29/58 | €488,944 | €1,527,764 | +€1.0m | +212.5% |
| Stocks and contracts in progress | 3 | €281,220 | €1,159,707 | +€878,487 | +312.4% |
| Stocks | 30/36 | €281,220 | €1,159,707 | +€878,487 | +312.4% |
| Amounts receivable within one year | 40/41 | €170,946 | €268,019 | +€97,073 | +56.8% |
| Trade receivables | 40 | €170,946 | €263,073 | +€92,127 | +53.9% |
| Other amounts receivable | 41 | - | €4,946 | +€4,946 | |
| Cash at bank and in hand | 54/58 | €33,411 | €94,603 | +€61,192 | +183.1% |
| Deferred charges and accrued income | 490/1 | €3,367 | €5,435 | +€2,068 | +61.4% |
| Total equity and liabilities | 10/49 | €601,771 | €1,881,174 | +€1.3m | +212.6% |
| Equity | 10/15 | €262,595 | €389,976 | +€127,381 | +48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €243,995 | €371,376 | +€127,381 | +52.2% |
| Amounts payable | 17/49 | €339,176 | €1,491,198 | +€1.2m | +339.7% |
| Amounts payable after more than one year | 17 | - | €830,000 | +€830,000 | |
| Financial debts | 170/4 | - | €830,000 | +€830,000 | |
| Amounts payable within one year | 42/48 | €339,176 | €661,028 | +€321,852 | +94.9% |
| Trade debts | 44 | €108,101 | €632,191 | +€524,090 | +484.8% |
| Suppliers | 440/4 | €108,101 | €632,191 | +€524,090 | +484.8% |
| Taxes, remuneration and social security | 45 | €29,986 | €28,111 | -€1,875 | -6.3% |
| Taxes | 450/3 | €26,268 | €23,363 | -€2,905 | -11.1% |
| Remuneration and social security | 454/9 | €3,718 | €4,748 | +€1,030 | +27.7% |
| Other amounts payable | 47/48 | €201,089 | €726 | -€200,363 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €170 | +€170 | |
| Remuneration, social security and pensions | 62 | €41,391 | €116,031 | +€74,640 | +180.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,616 | €39,058 | +€14,442 | +58.7% |
| Other operating charges | 640/8 | €2,735 | €5,954 | +€3,219 | +117.7% |
| Non-recurring operating charges | 66A | - | €585 | +€585 | |
| Gross operating margin | 9900 | €182,363 | €315,835 | +€133,472 | +73.2% |
| Operating profit (loss) | 9901 | €113,621 | €154,207 | +€40,586 | +35.7% |
| Financial income | 75/76B | €13,690 | €35,584 | +€21,894 | +159.9% |
| Recurring financial income | 75 | €13,690 | €35,584 | +€21,894 | +159.9% |
| Financial charges | 65/66B | €10,854 | €19,047 | +€8,193 | +75.5% |
| Recurring financial charges | 65 | €10,854 | €19,047 | +€8,193 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €116,457 | €170,744 | +€54,287 | +46.6% |
| Income taxes | 67/77 | €33,088 | €43,363 | +€10,275 | +31.1% |
| Profit (loss) for the period | 9904 | €83,369 | €127,381 | +€44,012 | +52.8% |
| Profit (loss) for the period to be appropriated | 9905 | €83,369 | €127,381 | +€44,012 | +52.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.