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MPBROKER: 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.

What changed

MPBROKER

BE 0478.158.629
NACE 66.220, Insurance agents and brokers
fiscal year 2023 against 2025not consecutivefiled annual accounts (NBB)
Net result for the year
€43,949
2023 · €74,126-€30,177
Equity
-€14,941
2023 · €26,825-€41,766
Cash
€32,033
2023 · €104,271-€72,237
Balance sheet total
€371,343
2023 · €455,981-€84,639

Largest movements

2023 to 2025
Assets
  • Intangible fixed assets -€128,039

    down €128,039 (-95.2%), from €134,552 to €6,513

  • Tangible fixed assets +€108,412

    up €108,412 (+84.6%), from €128,101 to €236,513

    of which Furniture and vehicles: +€107,162

  • Cash -€72,237

    down €72,237 (-69.3%), from €104,271 to €32,033

  • Deferred charges and accrued income +€47,775

    up €47,775 (+449.8%), from €10,621 to €58,396

  • Receivables within one year -€40,550

    down €40,550 (-51.7%), from €78,437 to €37,888

    of which Other amounts receivable: -€45,288

Equity and liabilities
  • Other debts -€44,784

    down €44,784 (-57.7%), from €77,582 to €32,798

  • Profit (loss) carried forward -€41,766

    down €41,766, from €4,365 to -€37,401

  • Current portion of long-term debt +€23,981

    up €23,981 (+46.8%), from €51,188 to €75,169

  • Debts after one year -€19,603

    down €19,603 (-8.1%), from €243,171 to €223,568

  • Trade debts +€15,999

    new in 2025: €15,999

Income statement
  • Staff costs +€211,931

    up €211,931 (+158.5%), from €133,711 to €345,643

  • Gross operating margin +€188,066

    up €188,066 (+49.9%), from €376,931 to €564,997

  • Taxes -€36,871

    down €36,871 (-98.4%), from €37,476 to €605

  • Other operating charges +€31,838

    up €31,838 (+1270.7%), from €2,506 to €34,344

  • Depreciation +€15,816

    up €15,816 (+12.7%), from €124,640 to €140,456

From the 2023 result to the 2025 result

effect on the 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.

Result 2023 €74,126
Gross operating margin +€188,066
Staff costs -€211,931
Depreciation -€15,816
Other operating charges -€31,838
Financial income +€5,613
Financial charges -€1,141
Taxes +€36,871
Result 2025 €43,949

Cash bridge derived

cash 2023 to 2025

A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.

Every line side by side 49 lines
Line Code 2023 2025 Change %
Total assets 20/58 €455,981 €371,343 -€84,639 -18.6%
Fixed assets 21/28 €262,653 €243,026 -€19,627 -7.5%
Intangible fixed assets 21 €134,552 €6,513 -€128,039 -95.2%
Tangible fixed assets 22/27 €128,101 €236,513 +€108,412 +84.6%
Plant, machinery and equipment 23 €6,916 €8,166 +€1,250 +18.1%
Furniture and vehicles 24 €121,185 €228,347 +€107,162 +88.4%
Current assets 29/58 €193,329 €128,317 -€65,012 -33.6%
Amounts receivable within one year 40/41 €78,437 €37,888 -€40,550 -51.7%
Trade receivables 40 €10,637 €15,376 +€4,738 +44.5%
Other amounts receivable 41 €67,800 €22,512 -€45,288 -66.8%
Cash at bank and in hand 54/58 €104,271 €32,033 -€72,237 -69.3%
Deferred charges and accrued income 490/1 €10,621 €58,396 +€47,775 +449.8%
Total equity and liabilities 10/49 €455,981 €371,343 -€84,639 -18.6%
Equity 10/15 €26,825 -€14,941 -€41,766
Contributions 10/11 €18,600 €18,600 = 0.0%
Outside capital 11 €18,600 €18,600 = 0.0%
Other 1109/19 €18,600 €18,600 = 0.0%
Reserves 13 €3,860 €3,860 = 0.0%
Non-distributable reserves 130/1 €1,860 €1,860 = 0.0%
Reserves not available under the articles 1311 €1,860 €1,860 = 0.0%
Distributable reserves 133 €2,000 €2,000 = 0.0%
Profit (loss) carried forward 14 €4,365 -€37,401 -€41,766
Amounts payable 17/49 €429,157 €386,284 -€42,873 -10.0%
Amounts payable after more than one year 17 €243,171 €223,568 -€19,603 -8.1%
Financial debts 170/4 €243,171 €223,568 -€19,603 -8.1%
Amounts payable within one year 42/48 €185,424 €162,498 -€22,926 -12.4%
Current portion of amounts payable after more than one year 42 €51,188 €75,169 +€23,981 +46.8%
Financial debts 43 €15,000 - -€15,000
Credit institutions 430/8 €15,000 - -€15,000
Trade debts 44 - €15,999 +€15,999
Suppliers 440/4 - €15,999 +€15,999
Taxes, remuneration and social security 45 €41,654 €38,533 -€3,122 -7.5%
Taxes 450/3 €25,059 - -€25,059
Remuneration and social security 454/9 €16,595 €38,533 +€21,937 +132.2%
Other amounts payable 47/48 €77,582 €32,798 -€44,784 -57.7%
Accrued charges and deferred income 492/3 €562 €217 -€345 -61.3%
Remuneration, social security and pensions 62 €133,711 €345,643 +€211,931 +158.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €124,640 €140,456 +€15,816 +12.7%
Other operating charges 640/8 €2,506 €34,344 +€31,838 +1270.7%
Gross operating margin 9900 €376,931 €564,997 +€188,066 +49.9%
Operating profit (loss) 9901 €116,074 €44,555 -€71,520 -61.6%
Financial income 75/76B - €5,613 +€5,613
Recurring financial income 75 - €5,613 +€5,613
Financial charges 65/66B €4,472 €5,613 +€1,141 +25.5%
Recurring financial charges 65 €4,472 €5,613 +€1,141 +25.5%
Profit (loss) for the period before taxes 9903 €111,602 €44,554 -€67,048 -60.1%
Income taxes 67/77 €37,476 €605 -€36,871 -98.4%
Profit (loss) for the period 9904 €74,126 €43,949 -€30,177 -40.7%
Profit (loss) for the period to be appropriated 9905 €74,126 €43,949 -€30,177 -40.7%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 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.