MPC: 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.
MPC
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-40.8%), from €61,233 to €36,233
- Receivables within one year +€10,029
up €10,029 (+1609.0%), from €623 to €10,652
- Cash -€2,120
down €2,120 (-55.8%), from €3,799 to €1,678
mainly Net result for the year (-€13,821) and Current portion of long-term debt (-€13,415)
- Other debts +€23,500
new in 2025: €23,500
- Profit (loss) carried forward -€13,821
down €13,821 (-64.4%), from €21,469 to €7,648
- Current portion of long-term debt -€13,415
down €13,415 (-69.9%), from €19,189 to €5,774
- Trade debts -€7,572
down €7,572 (-82.2%), from €9,213 to €1,641
- Debts after one year -€5,774
no longer reported in 2025 (was €5,774)
- Gross operating margin -€23,918
down €23,918 (-65.6%), from €36,465 to €12,547
- Taxes -€1,801
no longer reported in 2025 (was €1,801)
- Financial charges -€637
down €637 (-43.8%), from €1,456 to €819
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 | €65,655 | €48,563 | -€17,092 | -26.0% |
| Fixed assets | 21/28 | €61,233 | €36,233 | -€25,000 | -40.8% |
| Intangible fixed assets | 21 | €61,233 | €36,233 | -€25,000 | -40.8% |
| Current assets | 29/58 | €4,422 | €12,331 | +€7,908 | +178.8% |
| Amounts receivable within one year | 40/41 | €623 | €10,652 | +€10,029 | +1609.0% |
| Other amounts receivable | 41 | €623 | €10,652 | +€10,029 | +1609.0% |
| Cash at bank and in hand | 54/58 | €3,799 | €1,678 | -€2,120 | -55.8% |
| Total equity and liabilities | 10/49 | €65,655 | €48,563 | -€17,092 | -26.0% |
| Equity | 10/15 | €31,469 | €17,648 | -€13,821 | -43.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,469 | €7,648 | -€13,821 | -64.4% |
| Amounts payable | 17/49 | €34,186 | €30,915 | -€3,270 | -9.6% |
| Amounts payable after more than one year | 17 | €5,774 | - | -€5,774 | |
| Financial debts | 170/4 | €5,774 | - | -€5,774 | |
| Amounts payable within one year | 42/48 | €28,412 | €30,915 | +€2,504 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €19,189 | €5,774 | -€13,415 | -69.9% |
| Trade debts | 44 | €9,213 | €1,641 | -€7,572 | -82.2% |
| Suppliers | 440/4 | €9,213 | €1,641 | -€7,572 | -82.2% |
| Taxes, remuneration and social security | 45 | €10 | - | -€10 | |
| Taxes | 450/3 | €10 | - | -€10 | |
| Other amounts payable | 47/48 | - | €23,500 | +€23,500 | |
| Non-recurring operating income | 76A | €3,600 | €1,200 | -€2,400 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,000 | €25,000 | = | 0.0% |
| Other operating charges | 640/8 | €471 | €549 | +€78 | +16.6% |
| Gross operating margin | 9900 | €36,465 | €12,547 | -€23,918 | -65.6% |
| Operating profit (loss) | 9901 | €10,994 | -€13,002 | -€23,996 | |
| Financial charges | 65/66B | €1,456 | €819 | -€637 | -43.8% |
| Recurring financial charges | 65 | €1,456 | €819 | -€637 | -43.8% |
| Profit (loss) for the period before taxes | 9903 | €9,538 | -€13,821 | -€23,359 | |
| Income taxes | 67/77 | €1,801 | - | -€1,801 | |
| Profit (loss) for the period | 9904 | €7,737 | -€13,821 | -€21,558 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,737 | -€13,821 | -€21,558 |
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.