MPacto: 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.
MPacto
Largest movements
- Cash +€78,652
up €78,652 (+142.7%), from €55,132 to €133,785
mainly Net result for the year (+€50,793) and Tax, wage and social debts (+€16,592)
- Receivables within one year -€9,949
down €9,949 (-39.3%), from €25,321 to €15,371
of which Trade receivables: -€8,055
- Tangible fixed assets +€3,945
up €3,945 (+44.4%), from €8,879 to €12,824
of which Other tangible fixed assets: +€2,319
- Profit (loss) carried forward +€50,793
up €50,793 (+86.4%), from €58,784 to €109,576
- Tax, wage and social debts +€16,592
up €16,592 (+80.1%), from €20,703 to €37,294
- Other debts +€4,196
up €4,196 (+141.8%), from €2,959 to €7,155
- Trade debts -€1,768
down €1,768 (-43.1%), from €4,101 to €2,332
- Accrued charges and deferred income +€1,662
new in 2025: €1,662
- Gross operating margin -€5,592
down €5,592 (-7.4%), from €75,351 to €69,760
- Depreciation +€2,292
up €2,292 (+183.6%), from €1,248 to €3,540
- Taxes -€1,656
down €1,656 (-11.0%), from €15,109 to €13,454
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 | €90,546 | €162,331 | +€71,785 | +79.3% |
| Formation expenses | 20 | €898 | - | -€898 | |
| Fixed assets | 21/28 | €8,879 | €12,824 | +€3,945 | +44.4% |
| Tangible fixed assets | 22/27 | €8,879 | €12,824 | +€3,945 | +44.4% |
| Plant, machinery and equipment | 23 | €2,657 | €4,956 | +€2,299 | +86.5% |
| Furniture and vehicles | 24 | €6,222 | €5,549 | -€673 | -10.8% |
| Other tangible fixed assets | 26 | - | €2,319 | +€2,319 | |
| Current assets | 29/58 | €80,770 | €149,507 | +€68,737 | +85.1% |
| Amounts receivable within one year | 40/41 | €25,321 | €15,371 | -€9,949 | -39.3% |
| Trade receivables | 40 | €23,422 | €15,367 | -€8,055 | -34.4% |
| Other amounts receivable | 41 | €1,899 | €5 | -€1,894 | -99.8% |
| Cash at bank and in hand | 54/58 | €55,132 | €133,785 | +€78,652 | +142.7% |
| Deferred charges and accrued income | 490/1 | €317 | €351 | +€34 | +10.7% |
| Total equity and liabilities | 10/49 | €90,546 | €162,331 | +€71,785 | +79.3% |
| Equity | 10/15 | €62,784 | €113,581 | +€50,797 | +80.9% |
| Contributions | 10/11 | €4,000 | €4,005 | +€5 | +0.1% |
| Profit (loss) carried forward | 14 | €58,784 | €109,576 | +€50,793 | +86.4% |
| Amounts payable | 17/49 | €27,763 | €48,750 | +€20,987 | +75.6% |
| Amounts payable within one year | 42/48 | €27,763 | €47,087 | +€19,325 | +69.6% |
| Financial debts | 43 | - | €306 | +€306 | |
| Credit institutions | 430/8 | - | €306 | +€306 | |
| Trade debts | 44 | €4,101 | €2,332 | -€1,768 | -43.1% |
| Suppliers | 440/4 | €4,101 | €2,332 | -€1,768 | -43.1% |
| Taxes, remuneration and social security | 45 | €20,703 | €37,294 | +€16,592 | +80.1% |
| Taxes | 450/3 | €20,703 | €37,294 | +€16,592 | +80.1% |
| Other amounts payable | 47/48 | €2,959 | €7,155 | +€4,196 | +141.8% |
| Accrued charges and deferred income | 492/3 | - | €1,662 | +€1,662 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,248 | €3,540 | +€2,292 | +183.6% |
| Other operating charges | 640/8 | €195 | €239 | +€44 | +22.7% |
| Non-recurring operating charges | 66A | - | €1,678 | +€1,678 | |
| Gross operating margin | 9900 | €75,351 | €69,760 | -€5,592 | -7.4% |
| Operating profit (loss) | 9901 | €73,908 | €64,302 | -€9,606 | -13.0% |
| Financial charges | 65/66B | €15 | €55 | +€40 | +269.8% |
| Recurring financial charges | 65 | €15 | €55 | +€40 | +269.8% |
| Profit (loss) for the period before taxes | 9903 | €73,893 | €64,247 | -€9,647 | -13.1% |
| Income taxes | 67/77 | €15,109 | €13,454 | -€1,656 | -11.0% |
| Profit (loss) for the period | 9904 | €58,784 | €50,793 | -€7,991 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,784 | €50,793 | -€7,991 | -13.6% |
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 6 October 2026 via checked.be.