Mpacts: 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.
Mpacts
Largest movements
- Receivables within one year -€140,911
down €140,911 (-51.2%), from €275,201 to €134,289
of which Trade receivables: -€116,419
- Tangible fixed assets +€37,293
up €37,293 (+344.9%), from €10,814 to €48,106
of which Furniture and vehicles: +€33,969
- Cash -€18,185
down €18,185 (-4.7%), from €390,174 to €371,989
mainly Trade debts (-€110,144) and Investment in fixed assets (net) (-€47,710)
- Trade debts -€110,144
down €110,144 (-99.8%), from €110,412 to €268
- Tax, wage and social debts -€14,795
down €14,795 (-31.1%), from €47,528 to €32,733
of which Taxes: -€15,230
- Gross operating margin -€95,260
down €95,260 (-50.1%), from €190,183 to €94,923
- Depreciation +€9,326
up €9,326 (+854.6%), from €1,091 to €10,417
- Taxes -€7,688
down €7,688 (-98.3%), from €7,818 to €130
- Staff costs +€3,824
up €3,824 (+5.3%), from €72,669 to €76,493
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 | €676,188 | €555,773 | -€120,416 | -17.8% |
| Fixed assets | 21/28 | €10,814 | €48,106 | +€37,293 | +344.9% |
| Tangible fixed assets | 22/27 | €10,814 | €48,106 | +€37,293 | +344.9% |
| Plant, machinery and equipment | 23 | €3,148 | €6,472 | +€3,324 | +105.6% |
| Furniture and vehicles | 24 | €7,666 | €41,634 | +€33,969 | +443.1% |
| Current assets | 29/58 | €665,375 | €507,666 | -€157,708 | -23.7% |
| Amounts receivable within one year | 40/41 | €275,201 | €134,289 | -€140,911 | -51.2% |
| Trade receivables | 40 | €247,635 | €131,216 | -€116,419 | -47.0% |
| Other amounts receivable | 41 | €27,566 | €3,073 | -€24,493 | -88.9% |
| Cash at bank and in hand | 54/58 | €390,174 | €371,989 | -€18,185 | -4.7% |
| Deferred charges and accrued income | 490/1 | - | €1,388 | +€1,388 | |
| Total equity and liabilities | 10/49 | €676,188 | €555,773 | -€120,416 | -17.8% |
| Equity | 10/15 | €506,559 | €512,501 | +€5,942 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €486,154 | €492,096 | +€5,942 | +1.2% |
| Amounts payable | 17/49 | €169,630 | €43,272 | -€126,358 | -74.5% |
| Amounts payable within one year | 42/48 | €169,630 | €43,272 | -€126,358 | -74.5% |
| Financial debts | 43 | €726 | €385 | -€341 | -46.9% |
| Other loans | 439 | €726 | €385 | -€341 | -46.9% |
| Trade debts | 44 | €110,412 | €268 | -€110,144 | -99.8% |
| Suppliers | 440/4 | €110,412 | €268 | -€110,144 | -99.8% |
| Taxes, remuneration and social security | 45 | €47,528 | €32,733 | -€14,795 | -31.1% |
| Taxes | 450/3 | €37,241 | €22,011 | -€15,230 | -40.9% |
| Remuneration and social security | 454/9 | €10,287 | €10,722 | +€435 | +4.2% |
| Other amounts payable | 47/48 | €10,964 | €9,886 | -€1,078 | -9.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €72,669 | €76,493 | +€3,824 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,091 | €10,417 | +€9,326 | +854.6% |
| Other operating charges | 640/8 | €542 | €210 | -€332 | -61.3% |
| Gross operating margin | 9900 | €190,183 | €94,923 | -€95,260 | -50.1% |
| Operating profit (loss) | 9901 | €115,881 | €7,803 | -€108,077 | -93.3% |
| Financial income | 75/76B | €0 | €24 | +€23 | +58700.0% |
| Recurring financial income | 75 | €0 | €24 | +€23 | +58700.0% |
| Financial charges | 65/66B | €249 | €1,755 | +€1,505 | +603.6% |
| Recurring financial charges | 65 | €249 | €1,755 | +€1,505 | +603.6% |
| Profit (loss) for the period before taxes | 9903 | €115,631 | €6,072 | -€109,559 | -94.7% |
| Income taxes | 67/77 | €7,818 | €130 | -€7,688 | -98.3% |
| Profit (loss) for the period | 9904 | €107,813 | €5,942 | -€101,871 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,813 | €5,942 | -€101,871 | -94.5% |
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.