MPact: 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.
MPact
Largest movements
- Cash -€50,405
down €50,405 (-27.7%), from €181,692 to €131,287
mainly Contributions, distributions and other (-€71,689) and Other debts (-€43,227)
- Receivables within one year +€22,535
up €22,535 (+82.3%), from €27,378 to €49,913
of which Trade receivables: +€26,706
- Other debts -€43,227
down €43,227 (-37.6%), from €115,000 to €71,773
- Trade debts +€32,758
up €32,758 (+817%), from €4,008 to €36,766
- Profit (loss) carried forward -€20,663
no longer reported in 2025 (was €20,663)
- Tax, wage and social debts +€2,330
up €2,330 (+6.2%), from €37,773 to €40,102
- Gross operating margin -€82,804
down €82,804 (-52.8%), from €156,839 to €74,035
- Taxes -€16,175
down €16,175 (-45.6%), from €35,492 to €19,317
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 | €213,725 | €184,921 | -€28,803 | -13.5% |
| Fixed assets | 21/28 | €2,850 | €1,816 | -€1,034 | -36.3% |
| Tangible fixed assets | 22/27 | €2,754 | €1,720 | -€1,034 | -37.6% |
| Land and buildings | 22 | €1,848 | €1,366 | -€482 | -26.1% |
| Furniture and vehicles | 24 | €906 | €354 | -€552 | -60.9% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €210,874 | €183,105 | -€27,769 | -13.2% |
| Amounts receivable within one year | 40/41 | €27,378 | €49,913 | +€22,535 | +82.3% |
| Trade receivables | 40 | €23,207 | €49,913 | +€26,706 | +115% |
| Other amounts receivable | 41 | €4,171 | - | -€4,171 | |
| Cash at bank and in hand | 54/58 | €181,692 | €131,287 | -€50,405 | -27.7% |
| Deferred charges and accrued income | 490/1 | €1,805 | €1,906 | +€101 | +5.6% |
| Total equity and liabilities | 10/49 | €213,725 | €184,921 | -€28,803 | -13.5% |
| Equity | 10/15 | €56,943 | €36,280 | -€20,663 | -36.3% |
| Contributions | 10/11 | €6,280 | €6,280 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,663 | - | -€20,663 | |
| Amounts payable | 17/49 | €156,781 | €148,641 | -€8,140 | -5.2% |
| Amounts payable within one year | 42/48 | €156,781 | €148,641 | -€8,140 | -5.2% |
| Trade debts | 44 | €4,008 | €36,766 | +€32,758 | +817% |
| Suppliers | 440/4 | €4,008 | €36,766 | +€32,758 | +817% |
| Taxes, remuneration and social security | 45 | €37,773 | €40,102 | +€2,330 | +6.2% |
| Taxes | 450/3 | €37,773 | €40,102 | +€2,330 | +6.2% |
| Other amounts payable | 47/48 | €115,000 | €71,773 | -€43,227 | -37.6% |
| Remuneration, social security and pensions | 62 | €1,827 | €1,082 | -€745 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,034 | €1,034 | = | 0.0% |
| Other operating charges | 640/8 | €754 | €273 | -€482 | -63.9% |
| Gross operating margin | 9900 | €156,839 | €74,035 | -€82,804 | -52.8% |
| Operating profit (loss) | 9901 | €153,224 | €71,646 | -€81,577 | -53.2% |
| Financial income | 75/76B | €1,499 | - | -€1,499 | |
| Recurring financial income | 75 | €1,499 | - | -€1,499 | |
| Financial charges | 65/66B | €1,816 | €1,303 | -€513 | -28.2% |
| Recurring financial charges | 65 | €1,816 | €1,303 | -€513 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €152,907 | €70,343 | -€82,564 | -54.0% |
| Income taxes | 67/77 | €35,492 | €19,317 | -€16,175 | -45.6% |
| Profit (loss) for the period | 9904 | €117,416 | €51,026 | -€66,389 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €117,416 | €51,026 | -€66,389 | -56.5% |
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.