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MPA: 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.

What changed

MPA

BE 0866.795.364
NACE 56.112, Limited-service restaurants, excluding mobile food services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€83,780
2024 · €128,774-€44,994
Equity
€575,122
2024 · €573,984+€1,138
Cash
€668,981
2024 · €982,235-€313,254
Balance sheet total
€1.1m
2024 · €1.1m+€23,695

Largest movements

2024 to 2025
Assets
  • Cash -€313,254

    down €313,254 (-31.9%), from €982,235 to €668,981

    mainly Current investments (-€202,576) and Contributions, distributions and other (-€82,642)

  • Current investments +€202,576

    new in 2025: €202,576

  • Receivables within one year +€74,298

    up €74,298 (+209%), from €35,622 to €109,921

    of which Trade receivables: +€68,711

  • Tangible fixed assets +€57,431

    up €57,431 (+163%), from €35,280 to €92,711

    of which Other tangible fixed assets: +€61,928

Equity and liabilities
  • Other debts -€30,959

    down €30,959 (-10.8%), from €286,292 to €255,334

  • Trade debts +€26,167

    up €26,167 (+27.8%), from €93,991 to €120,157

  • Provisions +€16,791

    up €16,791 (+36.1%), from €46,506 to €63,297

Income statement
  • Financial charges +€43,723

    up €43,723 (+98.5%), from €44,369 to €88,092

  • Staff costs +€33,246

    up €33,246 (+11.8%), from €282,225 to €315,471

  • Taxes -€24,167

    down €24,167 (-43.0%), from €56,159 to €31,992

  • Gross operating margin +€17,236

    up €17,236 (+3.2%), from €533,798 to €551,034

  • Provisions +€6,879

    up €6,879 (+69.4%), from €9,912 to €16,791

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €128,774
Gross operating margin +€17,236
Staff costs -€33,246
Depreciation -€6,611
Provisions -€6,879
Other operating charges -€287
Financial income +€4,348
Financial charges -€43,723
Taxes +€24,167
Result 2025 €83,780
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€46,771
Investment -€277,383
Financing -€82,642
Cash 2024 €982,235
Net result for the year +€83,780
Depreciation +€17,376
Stocks and contracts -€2,836
Receivables within one year -€74,298
Deferred charges and accrued income +€192
Provisions +€16,791
Trade debts +€26,167
Tax, wage and social debts +€10,558
Other debts -€30,959
Investment in fixed assets (net) -€74,807
Current investments -€202,576
Contributions, distributions and other -€82,642
Cash 2025 €668,981
brings cash intakes cash out
Every line side by side 52 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,071,896 €1,095,591 +€23,695 +2.2%
Fixed assets 21/28 €36,960 €94,391 +€57,431 +155%
Tangible fixed assets 22/27 €35,280 €92,711 +€57,431 +163%
Land and buildings 22 €13,563 €11,934 -€1,629 -12.0%
Plant, machinery and equipment 23 €3,505 €2,362 -€1,142 -32.6%
Furniture and vehicles 24 €18,212 €16,487 -€1,726 -9.5%
Other tangible fixed assets 26 - €61,928 +€61,928
Financial fixed assets 28 €1,680 €1,680 = 0.0%
Current assets 29/58 €1,034,936 €1,001,200 -€33,736 -3.3%
Stocks and contracts in progress 3 €10,359 €13,195 +€2,836 +27.4%
Stocks 30/36 €10,359 €13,195 +€2,836 +27.4%
Amounts receivable within one year 40/41 €35,622 €109,921 +€74,298 +209%
Trade receivables 40 €34,722 €103,434 +€68,711 +198%
Other amounts receivable 41 €900 €6,487 +€5,587 +621%
Current investments 50/53 - €202,576 +€202,576
Cash at bank and in hand 54/58 €982,235 €668,981 -€313,254 -31.9%
Deferred charges and accrued income 490/1 €6,719 €6,527 -€192 -2.9%
Total equity and liabilities 10/49 €1,071,896 €1,095,591 +€23,695 +2.2%
Equity 10/15 €573,984 €575,122 +€1,138 +0.2%
Contributions 10/11 €12,400 €12,400 = 0.0%
Reserves 13 €500,162 €501,300 +€1,138 +0.2%
Non-distributable reserves 130/1 €1,855 €1,855 = 0.0%
Reserves not available under the articles 1311 €1,855 €1,855 = 0.0%
Tax-exempt reserves 132 €28,303 €28,303 = 0.0%
Distributable reserves 133 €470,004 €471,142 +€1,138 +0.2%
Profit (loss) carried forward 14 €61,422 €61,422 = 0.0%
Provisions and deferred taxes 16 €46,506 €63,297 +€16,791 +36.1%
Provisions for liabilities and charges 160/5 €46,506 €63,297 +€16,791 +36.1%
Other liabilities and charges 164/5 €46,506 €63,297 +€16,791 +36.1%
Amounts payable 17/49 €451,406 €457,172 +€5,766 +1.3%
Amounts payable within one year 42/48 €451,406 €457,172 +€5,766 +1.3%
Trade debts 44 €93,991 €120,157 +€26,167 +27.8%
Suppliers 440/4 €93,991 €120,157 +€26,167 +27.8%
Advances received on contracts in progress 46 €0 - =
Taxes, remuneration and social security 45 €71,123 €81,681 +€10,558 +14.8%
Taxes 450/3 €44,406 €56,362 +€11,956 +26.9%
Remuneration and social security 454/9 €26,717 €25,318 -€1,399 -5.2%
Other amounts payable 47/48 €286,292 €255,334 -€30,959 -10.8%
Remuneration, social security and pensions 62 €282,225 €315,471 +€33,246 +11.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €10,765 €17,376 +€6,611 +61.4%
Provisions for liabilities and charges: additions (uses and reversals) 635/8 €9,912 €16,791 +€6,879 +69.4%
Other operating charges 640/8 €1,749 €2,036 +€287 +16.4%
Gross operating margin 9900 €533,798 €551,034 +€17,236 +3.2%
Operating profit (loss) 9901 €229,146 €199,360 -€29,786 -13.0%
Financial income 75/76B €156 €4,504 +€4,348 +2,793%
Recurring financial income 75 €156 €4,504 +€4,348 +2,793%
Financial charges 65/66B €44,369 €88,092 +€43,723 +98.5%
Recurring financial charges 65 €44,369 €88,092 +€43,723 +98.5%
Profit (loss) for the period before taxes 9903 €184,933 €115,772 -€69,161 -37.4%
Income taxes 67/77 €56,159 €31,992 -€24,167 -43.0%
Profit (loss) for the period 9904 €128,774 €83,780 -€44,994 -34.9%
Profit (loss) for the period to be appropriated 9905 €128,774 €83,780 -€44,994 -34.9%

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 29 October 2026 via checked.be.