Mpaakwang: 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.
Mpaakwang
Largest movements
- Tangible fixed assets +€52,118
up €52,118 (+3398.9%), from €1,533 to €53,651
of which Leasing and similar rights: +€43,941
- Cash +€26,902
up €26,902 (+771.0%), from €3,489 to €30,391
mainly Debts after one year (+€31,662) and Net result for the year (+€26,900)
- Receivables within one year +€2,027
up €2,027 (+34.4%), from €5,887 to €7,913
of which Trade receivables: +€7,913
- Debts after one year +€31,662
new in 2025: €31,662
- Reserves +€26,900
new in 2025: €26,900
- Tax, wage and social debts +€14,839
new in 2025: €14,839
of which Taxes: +€13,239
- Current portion of long-term debt +€8,199
new in 2025: €8,199
- Profit (loss) carried forward -€7,909
no longer reported in 2025 (was €7,909)
- Gross operating margin +€34,603
up €34,603 (+393.3%), from €8,799 to €43,401
- Taxes +€10,866
new in 2025: €10,866
- Depreciation +€4,432
up €4,432 (+66955.9%), from €7 to €4,439
- Financial charges +€802
new in 2025: €802
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 | €10,909 | €92,881 | +€81,972 | +751.4% |
| Fixed assets | 21/28 | €1,533 | €53,651 | +€52,118 | +3398.9% |
| Tangible fixed assets | 22/27 | €1,533 | €53,651 | +€52,118 | +3398.9% |
| Plant, machinery and equipment | 23 | €1,533 | €1,225 | -€308 | -20.1% |
| Furniture and vehicles | 24 | - | €1,417 | +€1,417 | |
| Leasing and similar rights | 25 | - | €43,941 | +€43,941 | |
| Other tangible fixed assets | 26 | - | €7,067 | +€7,067 | |
| Current assets | 29/58 | €9,376 | €39,231 | +€29,855 | +318.4% |
| Amounts receivable within one year | 40/41 | €5,887 | €7,913 | +€2,027 | +34.4% |
| Trade receivables | 40 | - | €7,913 | +€7,913 | |
| Other amounts receivable | 41 | €5,887 | - | -€5,887 | |
| Cash at bank and in hand | 54/58 | €3,489 | €30,391 | +€26,902 | +771.0% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €10,909 | €92,881 | +€81,972 | +751.4% |
| Equity | 10/15 | €10,909 | €29,900 | +€18,991 | +174.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €26,900 | +€26,900 | |
| Distributable reserves | 133 | - | €26,900 | +€26,900 | |
| Profit (loss) carried forward | 14 | €7,909 | - | -€7,909 | |
| Amounts payable | 17/49 | €0 | €62,982 | +€62,982 | |
| Amounts payable after more than one year | 17 | - | €31,662 | +€31,662 | |
| Financial debts | 170/4 | - | €31,662 | +€31,662 | |
| Amounts payable within one year | 42/48 | €0 | €31,320 | +€31,320 | |
| Current portion of amounts payable after more than one year | 42 | - | €8,199 | +€8,199 | |
| Trade debts | 44 | - | €582 | +€582 | |
| Suppliers | 440/4 | - | €582 | +€582 | |
| Taxes, remuneration and social security | 45 | - | €14,839 | +€14,839 | |
| Taxes | 450/3 | - | €13,239 | +€13,239 | |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €0 | €7,700 | +€7,700 | |
| Remuneration, social security and pensions | 62 | €133 | - | -€133 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €4,439 | +€4,432 | +66955.9% |
| Other operating charges | 640/8 | €750 | €496 | -€255 | -33.9% |
| Gross operating margin | 9900 | €8,799 | €43,401 | +€34,603 | +393.3% |
| Operating profit (loss) | 9901 | €7,909 | €38,467 | +€30,558 | +386.4% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | - | €802 | +€802 | |
| Recurring financial charges | 65 | - | €802 | +€802 | |
| Profit (loss) for the period before taxes | 9903 | €7,909 | €37,766 | +€29,857 | +377.5% |
| Income taxes | 67/77 | - | €10,866 | +€10,866 | |
| Profit (loss) for the period | 9904 | €7,909 | €26,900 | +€18,991 | +240.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,909 | €26,900 | +€18,991 | +240.1% |
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.