MPC: 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.
MPC
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€59,508
down €59,508 (-53.5%), from €111,252 to €51,744
mainly Current investments (-€100,000) and Receivables within one year (-€22,416)
- Receivables within one year +€22,416
up €22,416 (+183%), from €12,228 to €34,644
of which Trade receivables: +€21,864
- Reserves +€48,762
up €48,762 (+28.3%), from €172,498 to €221,260
- Tax, wage and social debts +€7,428
up €7,428 (+67.4%), from €11,017 to €18,445
- Trade debts +€4,137
up €4,137 (+33.5%), from €12,346 to €16,483
- Other debts +€2,811
up €2,811 (+34.3%), from €8,196 to €11,008
- Gross operating margin -€34,407
down €34,407 (-31.0%), from €110,964 to €76,557
- Taxes -€12,319
down €12,319 (-34.2%), from €36,017 to €23,698
- Financial income +€1,413
up €1,413 (+718%), from €197 to €1,610
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 | €206,558 | €269,696 | +€63,138 | +30.6% |
| Fixed assets | 21/28 | €7,104 | €5,965 | -€1,139 | -16.0% |
| Tangible fixed assets | 22/27 | €7,104 | €5,965 | -€1,139 | -16.0% |
| Plant, machinery and equipment | 23 | €2,134 | €1,474 | -€660 | -30.9% |
| Furniture and vehicles | 24 | €4,970 | €4,491 | -€479 | -9.6% |
| Current assets | 29/58 | €199,454 | €263,731 | +€64,277 | +32.2% |
| Amounts receivable after more than one year | 29 | €74,140 | €74,140 | = | 0.0% |
| Other amounts receivable | 291 | €74,140 | €74,140 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,228 | €34,644 | +€22,416 | +183% |
| Trade receivables | 40 | €11,602 | €33,465 | +€21,864 | +188% |
| Other amounts receivable | 41 | €627 | €1,179 | +€552 | +88.0% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €111,252 | €51,744 | -€59,508 | -53.5% |
| Deferred charges and accrued income | 490/1 | €1,833 | €3,202 | +€1,369 | +74.7% |
| Total equity and liabilities | 10/49 | €206,558 | €269,696 | +€63,138 | +30.6% |
| Equity | 10/15 | €174,998 | €223,760 | +€48,762 | +27.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €172,498 | €221,260 | +€48,762 | +28.3% |
| Distributable reserves | 133 | €172,498 | €221,260 | +€48,762 | +28.3% |
| Amounts payable | 17/49 | €31,559 | €45,936 | +€14,377 | +45.6% |
| Amounts payable within one year | 42/48 | €31,559 | €45,936 | +€14,377 | +45.6% |
| Trade debts | 44 | €12,346 | €16,483 | +€4,137 | +33.5% |
| Suppliers | 440/4 | €12,346 | €16,483 | +€4,137 | +33.5% |
| Taxes, remuneration and social security | 45 | €11,017 | €18,445 | +€7,428 | +67.4% |
| Taxes | 450/3 | €11,017 | €18,445 | +€7,428 | +67.4% |
| Other amounts payable | 47/48 | €8,196 | €11,008 | +€2,811 | +34.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,432 | €3,002 | +€571 | +23.5% |
| Other operating charges | 640/8 | €626 | €636 | +€9 | +1.5% |
| Gross operating margin | 9900 | €110,964 | €76,557 | -€34,407 | -31.0% |
| Operating profit (loss) | 9901 | €107,906 | €72,919 | -€34,987 | -32.4% |
| Financial income | 75/76B | €197 | €1,610 | +€1,413 | +718% |
| Recurring financial income | 75 | €197 | €1,610 | +€1,413 | +718% |
| Financial charges | 65/66B | €1,810 | €2,069 | +€259 | +14.3% |
| Recurring financial charges | 65 | €1,810 | €2,069 | +€259 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €106,292 | €72,459 | -€33,833 | -31.8% |
| Income taxes | 67/77 | €36,017 | €23,698 | -€12,319 | -34.2% |
| Profit (loss) for the period | 9904 | €70,275 | €48,762 | -€21,514 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,275 | €48,762 | -€21,514 | -30.6% |
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 15 October 2026 via checked.be.