MPDJ: 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.
MPDJ
Largest movements
- Receivables within one year +€10,895
up €10,895 (+542.6%), from €2,008 to €12,903
of which Trade receivables: +€5,678
- Cash +€10,615
up €10,615 (+7.4%), from €143,843 to €154,458
mainly Net result for the year (+€24,221) and Depreciation (+€14,123)
- Reserves +€262,496
new in 2025: €262,496
- Profit (loss) carried forward -€239,108
no longer reported in 2025 (was €239,108)
- Short-term financial debts -€15,248
down €15,248 (-91.2%), from €16,712 to €1,464
- Tax, wage and social debts +€9,144
up €9,144 (+163.1%), from €5,608 to €14,751
of which Remuneration and social security: +€8,898
- Gross operating margin -€40,181
down €40,181 (-25.8%), from €155,986 to €115,805
- Staff costs +€12,091
up €12,091 (+21.5%), from €56,268 to €68,359
- Taxes -€10,590
down €10,590 (-52.4%), from €20,217 to €9,627
- Financial income +€5,831
up €5,831 (+266.3%), from €2,190 to €8,021
- Other operating charges +€1,746
up €1,746 (+98.6%), from €1,771 to €3,517
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 | €287,565 | €306,383 | +€18,819 | +6.5% |
| Fixed assets | 21/28 | €71,347 | €68,725 | -€2,621 | -3.7% |
| Intangible fixed assets | 21 | €257 | €179 | -€78 | -30.5% |
| Tangible fixed assets | 22/27 | €71,090 | €68,547 | -€2,543 | -3.6% |
| Plant, machinery and equipment | 23 | €31,384 | €31,668 | +€283 | +0.9% |
| Furniture and vehicles | 24 | €4,380 | €4,413 | +€33 | +0.8% |
| Other tangible fixed assets | 26 | €35,326 | €32,466 | -€2,859 | -8.1% |
| Current assets | 29/58 | €216,218 | €237,658 | +€21,440 | +9.9% |
| Stocks and contracts in progress | 3 | €67,022 | €66,885 | -€137 | -0.2% |
| Stocks | 30/36 | €67,022 | €66,885 | -€137 | -0.2% |
| Amounts receivable within one year | 40/41 | €2,008 | €12,903 | +€10,895 | +542.6% |
| Trade receivables | 40 | €1,547 | €7,225 | +€5,678 | +367.1% |
| Other amounts receivable | 41 | €461 | €5,678 | +€5,217 | +1131.1% |
| Cash at bank and in hand | 54/58 | €143,843 | €154,458 | +€10,615 | +7.4% |
| Deferred charges and accrued income | 490/1 | €3,345 | €3,412 | +€67 | +2.0% |
| Total equity and liabilities | 10/49 | €287,565 | €306,383 | +€18,819 | +6.5% |
| Equity | 10/15 | €259,108 | €282,496 | +€23,388 | +9.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €262,496 | +€262,496 | |
| Distributable reserves | 133 | - | €262,496 | +€262,496 | |
| Profit (loss) carried forward | 14 | €239,108 | - | -€239,108 | |
| Amounts payable | 17/49 | €28,457 | €23,887 | -€4,570 | -16.1% |
| Amounts payable within one year | 42/48 | €28,457 | €23,887 | -€4,570 | -16.1% |
| Financial debts | 43 | €16,712 | €1,464 | -€15,248 | -91.2% |
| Credit institutions | 430/8 | €16,712 | €1,464 | -€15,248 | -91.2% |
| Trade debts | 44 | €6,083 | €7,172 | +€1,089 | +17.9% |
| Suppliers | 440/4 | €6,083 | €7,172 | +€1,089 | +17.9% |
| Advances received on contracts in progress | 46 | €54 | - | -€54 | |
| Taxes, remuneration and social security | 45 | €5,608 | €14,751 | +€9,144 | +163.1% |
| Taxes | 450/3 | €1,925 | €2,171 | +€246 | +12.8% |
| Remuneration and social security | 454/9 | €3,683 | €12,580 | +€8,898 | +241.6% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €56,268 | €68,359 | +€12,091 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,087 | €14,123 | -€964 | -6.4% |
| Other operating charges | 640/8 | €1,771 | €3,517 | +€1,746 | +98.6% |
| Gross operating margin | 9900 | €155,986 | €115,805 | -€40,181 | -25.8% |
| Operating profit (loss) | 9901 | €82,860 | €29,807 | -€53,053 | -64.0% |
| Financial income | 75/76B | €2,190 | €8,021 | +€5,831 | +266.3% |
| Recurring financial income | 75 | €2,190 | €8,021 | +€5,831 | +266.3% |
| Financial charges | 65/66B | €5,130 | €3,980 | -€1,150 | -22.4% |
| Recurring financial charges | 65 | €5,130 | €3,980 | -€1,150 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €79,920 | €33,848 | -€46,072 | -57.6% |
| Income taxes | 67/77 | €20,217 | €9,627 | -€10,590 | -52.4% |
| Profit (loss) for the period | 9904 | €59,703 | €24,221 | -€35,481 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,703 | €24,221 | -€35,481 | -59.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.