Mpact: 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.
Mpact
Largest movements
- Cash +€288,461
up €288,461 (+124.3%), from €231,988 to €520,449
mainly Advances received (+€376,243) and Receivables within one year (+€154,245)
- Receivables within one year -€154,245
down €154,245 (-11.1%), from €1.4m to €1.2m
of which Trade receivables: -€551,614
- Tangible fixed assets -€63,484
down €63,484 (-7.5%), from €850,411 to €786,926
of which Land and buildings: -€54,217
- Advances received +€376,243
up €376,243 (+77.3%), from €486,640 to €862,882
- Trade debts -€150,955
down €150,955 (-22.9%), from €659,111 to €508,156
- Tax, wage and social debts -€128,482
down €128,482 (-47.0%), from €273,643 to €145,161
of which Remuneration and social security: -€98,480
- Debts after one year -€42,583
down €42,583 (-9.9%), from €428,713 to €386,130
- Gross operating margin -€469,037
down €469,037 (-25.4%), from €1.8m to €1.4m
- Staff costs -€468,666
down €468,666 (-28.3%), from €1.7m to €1.2m
- Other operating charges +€33,959
up €33,959 (+84.1%), from €40,382 to €74,341
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 | €2,631,055 | €2,700,417 | +€69,362 | +2.6% |
| Fixed assets | 21/28 | €1,005,740 | €935,255 | -€70,484 | -7.0% |
| Tangible fixed assets | 22/27 | €850,411 | €786,926 | -€63,484 | -7.5% |
| Land and buildings | 22 | €831,300 | €777,083 | -€54,217 | -6.5% |
| Plant, machinery and equipment | 23 | €1,454 | €806 | -€648 | -44.6% |
| Furniture and vehicles | 24 | €17,657 | €9,037 | -€8,620 | -48.8% |
| Financial fixed assets | 28 | €155,329 | €148,329 | -€7,000 | -4.5% |
| Current assets | 29/58 | €1,625,315 | €1,765,161 | +€139,846 | +8.6% |
| Amounts receivable within one year | 40/41 | €1,393,327 | €1,239,082 | -€154,245 | -11.1% |
| Trade receivables | 40 | €835,740 | €284,126 | -€551,614 | -66.0% |
| Other amounts receivable | 41 | €557,587 | €954,956 | +€397,369 | +71.3% |
| Cash at bank and in hand | 54/58 | €231,988 | €520,449 | +€288,461 | +124.3% |
| Deferred charges and accrued income | 490/1 | €0 | €5,630 | +€5,630 | |
| Total equity and liabilities | 10/49 | €2,631,055 | €2,700,417 | +€69,362 | +2.6% |
| Equity | 10/15 | €537,621 | €557,633 | +€20,012 | +3.7% |
| Contributions | 10/11 | €505,621 | €525,633 | +€20,012 | +4.0% |
| Capital | 10 | €505,621 | €525,633 | +€20,012 | +4.0% |
| Reserves | 13 | €32,000 | €32,000 | = | 0.0% |
| Provisions and deferred taxes | 16 | €115,430 | €115,430 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €115,430 | €115,430 | = | 0.0% |
| Other liabilities and charges | 164/5 | €115,430 | €115,430 | = | 0.0% |
| Amounts payable | 17/49 | €1,978,004 | €2,027,354 | +€49,350 | +2.5% |
| Amounts payable after more than one year | 17 | €428,713 | €386,130 | -€42,583 | -9.9% |
| Financial debts | 170/4 | €428,713 | €386,130 | -€42,583 | -9.9% |
| Amounts payable within one year | 42/48 | €1,487,279 | €1,573,276 | +€85,997 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €66,739 | €55,930 | -€10,809 | -16.2% |
| Trade debts | 44 | €659,111 | €508,156 | -€150,955 | -22.9% |
| Suppliers | 440/4 | €659,111 | €508,156 | -€150,955 | -22.9% |
| Advances received on contracts in progress | 46 | €486,640 | €862,882 | +€376,243 | +77.3% |
| Taxes, remuneration and social security | 45 | €273,643 | €145,161 | -€128,482 | -47.0% |
| Taxes | 450/3 | €30,789 | €787 | -€30,001 | -97.4% |
| Remuneration and social security | 454/9 | €242,854 | €144,374 | -€98,480 | -40.6% |
| Accrued charges and deferred income | 492/3 | €62,012 | €67,948 | +€5,936 | +9.6% |
| Non-recurring operating income | 76A | €7,000 | €58,024 | +€51,024 | +728.9% |
| Remuneration, social security and pensions | 62 | €1,658,227 | €1,189,560 | -€468,666 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,940 | €75,605 | -€11,336 | -13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,130 | +€10,130 | |
| Other operating charges | 640/8 | €40,382 | €74,341 | +€33,959 | +84.1% |
| Non-recurring operating charges | 66A | €2,273 | €2,500 | +€227 | +10.0% |
| Gross operating margin | 9900 | €1,845,314 | €1,376,277 | -€469,037 | -25.4% |
| Operating profit (loss) | 9901 | €57,492 | €24,142 | -€33,350 | -58.0% |
| Financial income | 75/76B | €5,053 | €20,344 | +€15,291 | +302.6% |
| Recurring financial income | 75 | €5,053 | €20,344 | +€15,291 | +302.6% |
| Financial charges | 65/66B | €28,244 | €24,287 | -€3,957 | -14.0% |
| Recurring financial charges | 65 | €28,244 | €24,287 | -€3,957 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €34,301 | €20,199 | -€14,102 | -41.1% |
| Income taxes | 67/77 | -€128 | €187 | +€315 | |
| Profit (loss) for the period | 9904 | €34,429 | €20,012 | -€14,417 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,429 | €20,012 | -€14,417 | -41.9% |
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 3 October 2026 via checked.be.