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
- Receivables within one year -€375,289
down €375,289 (-62.6%), from €599,313 to €224,024
of which Other amounts receivable: -€282,264
- Cash +€47,193
up €47,193 (+27.1%), from €173,911 to €221,104
mainly Receivables within one year (+€375,289) and Depreciation (+€16,079)
- Trade debts -€183,207
down €183,207 (-69.2%), from €264,784 to €81,577
- Reserves -€40,000
down €40,000 (-14.6%), from €273,766 to €233,766
- Provisions -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Profit (loss) carried forward -€30,342
new in 2025: -€30,342
- Tax, wage and social debts -€27,778
down €27,778 (-12.7%), from €219,032 to €191,254
of which Taxes: -€22,583
- Gross operating margin -€204,082
down €204,082 (-19.1%), from €1.1m to €866,894
- Staff costs -€158,877
down €158,877 (-15.3%), from €1.0m to €882,466
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 | €849,520 | €528,194 | -€321,326 | -37.8% |
| Fixed assets | 21/28 | €74,670 | €81,411 | +€6,742 | +9.0% |
| Tangible fixed assets | 22/27 | €26,208 | €32,950 | +€6,742 | +25.7% |
| Furniture and vehicles | 24 | €26,208 | €32,950 | +€6,742 | +25.7% |
| Financial fixed assets | 28 | €48,461 | €48,461 | = | 0.0% |
| Current assets | 29/58 | €774,851 | €446,783 | -€328,068 | -42.3% |
| Amounts receivable within one year | 40/41 | €599,313 | €224,024 | -€375,289 | -62.6% |
| Trade receivables | 40 | €241,476 | €148,451 | -€93,025 | -38.5% |
| Other amounts receivable | 41 | €357,836 | €75,572 | -€282,264 | -78.9% |
| Cash at bank and in hand | 54/58 | €173,911 | €221,104 | +€47,193 | +27.1% |
| Deferred charges and accrued income | 490/1 | €1,627 | €1,655 | +€28 | +1.7% |
| Total equity and liabilities | 10/49 | €849,520 | €528,194 | -€321,326 | -37.8% |
| Equity | 10/15 | €273,766 | €203,424 | -€70,342 | -25.7% |
| Reserves | 13 | €273,766 | €233,766 | -€40,000 | -14.6% |
| Profit (loss) carried forward | 14 | - | -€30,342 | -€30,342 | |
| Provisions and deferred taxes | 16 | €40,000 | €0 | -€40,000 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €0 | -€40,000 | -100.0% |
| Other liabilities and charges | 164/5 | €40,000 | €0 | -€40,000 | -100.0% |
| Amounts payable | 17/49 | €535,754 | €324,770 | -€210,984 | -39.4% |
| Amounts payable after more than one year | 17 | €267 | €267 | = | 0.0% |
| Other amounts payable | 178/9 | €267 | €267 | = | 0.0% |
| Amounts payable within one year | 42/48 | €533,487 | €322,503 | -€210,984 | -39.5% |
| Trade debts | 44 | €264,784 | €81,577 | -€183,207 | -69.2% |
| Suppliers | 440/4 | €264,784 | €81,577 | -€183,207 | -69.2% |
| Advances received on contracts in progress | 46 | €49,671 | €49,671 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €219,032 | €191,254 | -€27,778 | -12.7% |
| Taxes | 450/3 | €45,911 | €23,329 | -€22,583 | -49.2% |
| Remuneration and social security | 454/9 | €173,121 | €167,926 | -€5,195 | -3.0% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,041,343 | €882,466 | -€158,877 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,935 | €16,079 | +€1,144 | +7.7% |
| Other operating charges | 640/8 | €2,091 | €1,365 | -€726 | -34.7% |
| Gross operating margin | 9900 | €1,070,977 | €866,894 | -€204,082 | -19.1% |
| Operating profit (loss) | 9901 | €25,008 | -€33,015 | -€58,023 | |
| Financial income | 75/76B | €138 | €3,127 | +€2,989 | +2170.5% |
| Recurring financial income | 75 | €138 | €3,127 | +€2,989 | +2170.5% |
| Financial charges | 65/66B | €374 | €435 | +€60 | +16.1% |
| Recurring financial charges | 65 | €374 | €435 | +€60 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €24,771 | -€30,322 | -€55,094 | |
| Income taxes | 67/77 | €20 | €20 | -€0 | -1.3% |
| Profit (loss) for the period | 9904 | €24,752 | -€30,342 | -€55,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,752 | -€30,342 | -€55,094 |
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 30 September 2026 via checked.be.