MP Trade: 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 Trade
Largest movements
- Tangible fixed assets +€835,800
up €835,800 (+3,754%), from €22,263 to €858,063
of which Land and buildings: +€791,539
- Stocks and contracts +€361,400
up €361,400 (+72.1%), from €501,025 to €862,425
- Receivables within one year +€64,672
up €64,672 (+164%), from €39,452 to €104,125
- Cash +€57,391
up €57,391 (+113%), from €50,763 to €108,154
mainly Debts after one year (+€623,821) and Trade debts (+€257,474)
- Debts after one year +€623,821
new in 2025: €623,821
- Trade debts +€257,474
up €257,474 (+210%), from €122,645 to €380,119
- Reserves +€201,892
up €201,892 (+114%), from €177,486 to €379,378
- Other debts +€158,082
up €158,082 (+115%), from €137,762 to €295,844
- Short-term financial debts +€45,290
up €45,290 (+50.3%), from €90,000 to €135,290
of which Other loans: +€65,290
- Gross operating margin +€75,338
up €75,338 (+28.1%), from €268,424 to €343,762
- Other operating charges +€30,377
up €30,377 (+2,413%), from €1,259 to €31,636
- Financial charges +€18,922
up €18,922 (+153%), from €12,403 to €31,325
- Depreciation +€17,733
up €17,733 (+458%), from €3,874 to €21,607
- Taxes -€16,726
down €16,726 (-31.4%), from €53,276 to €36,550
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 | €616,425 | €1,951,963 | +€1.3m | +217% |
| Fixed assets | 21/28 | €22,902 | €873,412 | +€850,510 | +3,714% |
| Intangible fixed assets | 21 | €638 | €15,349 | +€14,710 | +2,304% |
| Tangible fixed assets | 22/27 | €22,263 | €858,063 | +€835,800 | +3,754% |
| Land and buildings | 22 | - | €791,539 | +€791,539 | |
| Plant, machinery and equipment | 23 | €20,699 | €65,136 | +€44,436 | +215% |
| Furniture and vehicles | 24 | €1,564 | €1,388 | -€176 | -11.2% |
| Current assets | 29/58 | €593,523 | €1,078,551 | +€485,027 | +81.7% |
| Stocks and contracts in progress | 3 | €501,025 | €862,425 | +€361,400 | +72.1% |
| Stocks | 30/36 | €501,025 | €862,425 | +€361,400 | +72.1% |
| Amounts receivable within one year | 40/41 | €39,452 | €104,125 | +€64,672 | +164% |
| Trade receivables | 40 | €39,452 | €104,125 | +€64,672 | +164% |
| Cash at bank and in hand | 54/58 | €50,763 | €108,154 | +€57,391 | +113% |
| Deferred charges and accrued income | 490/1 | €2,283 | €3,848 | +€1,565 | +68.5% |
| Total equity and liabilities | 10/49 | €616,425 | €1,951,963 | +€1.3m | +217% |
| Equity | 10/15 | €179,486 | €381,378 | +€201,892 | +112% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €177,486 | €379,378 | +€201,892 | +114% |
| Distributable reserves | 133 | €177,486 | €379,378 | +€201,892 | +114% |
| Amounts payable | 17/49 | €436,939 | €1,570,585 | +€1.1m | +259% |
| Amounts payable after more than one year | 17 | - | €623,821 | +€623,821 | |
| Financial debts | 170/4 | - | €623,821 | +€623,821 | |
| Amounts payable within one year | 42/48 | €436,939 | €946,763 | +€509,824 | +117% |
| Current portion of amounts payable after more than one year | 42 | - | €22,647 | +€22,647 | |
| Financial debts | 43 | €90,000 | €135,290 | +€45,290 | +50.3% |
| Credit institutions | 430/8 | €90,000 | €70,000 | -€20,000 | -22.2% |
| Other loans | 439 | - | €65,290 | +€65,290 | |
| Trade debts | 44 | €122,645 | €380,119 | +€257,474 | +210% |
| Suppliers | 440/4 | €122,645 | €380,119 | +€257,474 | +210% |
| Taxes, remuneration and social security | 45 | €86,533 | €112,864 | +€26,331 | +30.4% |
| Taxes | 450/3 | €84,049 | €109,898 | +€25,849 | +30.8% |
| Remuneration and social security | 454/9 | €2,484 | €2,966 | +€482 | +19.4% |
| Other amounts payable | 47/48 | €137,762 | €295,844 | +€158,082 | +115% |
| Remuneration, social security and pensions | 62 | €20,849 | €21,278 | +€429 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,874 | €21,607 | +€17,733 | +458% |
| Other operating charges | 640/8 | €1,259 | €31,636 | +€30,377 | +2,413% |
| Gross operating margin | 9900 | €268,424 | €343,762 | +€75,338 | +28.1% |
| Operating profit (loss) | 9901 | €242,441 | €269,240 | +€26,799 | +11.1% |
| Financial income | 75/76B | €725 | €527 | -€198 | -27.3% |
| Recurring financial income | 75 | €725 | €527 | -€198 | -27.3% |
| Financial charges | 65/66B | €12,403 | €31,325 | +€18,922 | +153% |
| Recurring financial charges | 65 | €12,403 | €31,325 | +€18,922 | +153% |
| Profit (loss) for the period before taxes | 9903 | €230,762 | €238,442 | +€7,680 | +3.3% |
| Income taxes | 67/77 | €53,276 | €36,550 | -€16,726 | -31.4% |
| Profit (loss) for the period | 9904 | €177,486 | €201,892 | +€24,406 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €177,486 | €201,892 | +€24,406 | +13.8% |
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 14 October 2026 via checked.be.