MPDECNU: 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.
MPDECNU
Largest movements
- Receivables within one year +€11,384
up €11,384 (+5.7%), from €199,142 to €210,526
of which Trade receivables: +€11,819
- Cash +€4,285
up €4,285 (+6.1%), from €70,540 to €74,825
mainly Other debts (+€72,910) and Net result for the year (+€16,027)
- Other debts +€72,910
up €72,910 (+1386.4%), from €5,259 to €78,169
- Reserves -€55,865
down €55,865 (-24.7%), from €226,474 to €170,609
of which Distributable reserves: -€55,865
- Trade debts -€6,844
down €6,844 (-78.4%), from €8,727 to €1,883
- Tax, wage and social debts +€3,217
up €3,217 (+63.2%), from €5,087 to €8,304
- Gross operating margin -€19,341
down €19,341 (-41.3%), from €46,822 to €27,481
- Taxes -€6,197
down €6,197 (-41.6%), from €14,906 to €8,709
- Depreciation -€680
down €680 (-23.2%), from €2,931 to €2,251
- Financial income -€622
down €622 (-82.4%), from €755 to €133
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 | €280,205 | €293,623 | +€13,418 | +4.8% |
| Fixed assets | 21/28 | €10,523 | €8,272 | -€2,251 | -21.4% |
| Tangible fixed assets | 22/27 | €10,523 | €8,272 | -€2,251 | -21.4% |
| Land and buildings | 22 | €10,523 | €8,272 | -€2,251 | -21.4% |
| Current assets | 29/58 | €269,682 | €285,351 | +€15,669 | +5.8% |
| Amounts receivable within one year | 40/41 | €199,142 | €210,526 | +€11,384 | +5.7% |
| Trade receivables | 40 | - | €11,819 | +€11,819 | |
| Other amounts receivable | 41 | €199,142 | €198,707 | -€435 | -0.2% |
| Cash at bank and in hand | 54/58 | €70,540 | €74,825 | +€4,285 | +6.1% |
| Total equity and liabilities | 10/49 | €280,205 | €293,623 | +€13,418 | +4.8% |
| Equity | 10/15 | €261,132 | €205,267 | -€55,865 | -21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,474 | €170,609 | -€55,865 | -24.7% |
| 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 | €224,614 | €168,749 | -€55,865 | -24.9% |
| Profit (loss) carried forward | 14 | €28,458 | €28,458 | = | 0.0% |
| Amounts payable | 17/49 | €19,073 | €88,356 | +€69,283 | +363.3% |
| Amounts payable within one year | 42/48 | €19,073 | €88,356 | +€69,283 | +363.3% |
| Trade debts | 44 | €8,727 | €1,883 | -€6,844 | -78.4% |
| Suppliers | 440/4 | €8,727 | €1,883 | -€6,844 | -78.4% |
| Taxes, remuneration and social security | 45 | €5,087 | €8,304 | +€3,217 | +63.2% |
| Taxes | 450/3 | €5,087 | €8,304 | +€3,217 | +63.2% |
| Other amounts payable | 47/48 | €5,259 | €78,169 | +€72,910 | +1386.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,931 | €2,251 | -€680 | -23.2% |
| Other operating charges | 640/8 | €141 | €144 | +€3 | +2.1% |
| Gross operating margin | 9900 | €46,822 | €27,481 | -€19,341 | -41.3% |
| Operating profit (loss) | 9901 | €43,750 | €25,086 | -€18,664 | -42.7% |
| Financial income | 75/76B | €755 | €133 | -€622 | -82.4% |
| Recurring financial income | 75 | €755 | €133 | -€622 | -82.4% |
| Financial charges | 65/66B | €60 | €483 | +€423 | +705.0% |
| Recurring financial charges | 65 | €60 | €483 | +€423 | +705.0% |
| Profit (loss) for the period before taxes | 9903 | €44,445 | €24,736 | -€19,709 | -44.3% |
| Income taxes | 67/77 | €14,906 | €8,709 | -€6,197 | -41.6% |
| Profit (loss) for the period | 9904 | €29,539 | €16,027 | -€13,512 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,539 | €16,027 | -€13,512 | -45.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.