MPÉDUZY: 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.
MPÉDUZY
Largest movements
- Current investments +€45,000
new in 2025: €45,000
- Tangible fixed assets -€13,245
down €13,245 (-23.9%), from €55,459 to €42,214
of which Furniture and vehicles: -€12,445
- Receivables within one year -€5,350
down €5,350 (-25.4%), from €21,100 to €15,750
- Cash +€5,066
up €5,066 (+14.9%), from €33,955 to €39,021
mainly Net result for the year (+€39,784) and Depreciation (+€13,245)
- Reserves +€40,000
up €40,000 (+114%), from €35,000 to €75,000
- Debts after one year -€11,681
down €11,681 (-29.5%), from €39,564 to €27,883
- Other debts +€2,130
up €2,130 (+75.9%), from €2,806 to €4,936
- Gross operating margin +€6,043
up €6,043 (+10.1%), from €59,819 to €65,862
- Depreciation +€3,416
up €3,416 (+34.8%), from €9,829 to €13,245
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 | €111,074 | €141,985 | +€30,911 | +27.8% |
| Fixed assets | 21/28 | €55,459 | €42,214 | -€13,245 | -23.9% |
| Tangible fixed assets | 22/27 | €55,459 | €42,214 | -€13,245 | -23.9% |
| Land and buildings | 22 | €3,454 | €2,654 | -€800 | -23.2% |
| Furniture and vehicles | 24 | €52,005 | €39,560 | -€12,445 | -23.9% |
| Current assets | 29/58 | €55,615 | €99,771 | +€44,156 | +79.4% |
| Amounts receivable within one year | 40/41 | €21,100 | €15,750 | -€5,350 | -25.4% |
| Trade receivables | 40 | €21,100 | €15,750 | -€5,350 | -25.4% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €33,955 | €39,021 | +€5,066 | +14.9% |
| Deferred charges and accrued income | 490/1 | €560 | - | -€560 | |
| Total equity and liabilities | 10/49 | €111,074 | €141,985 | +€30,911 | +27.8% |
| Equity | 10/15 | €39,708 | €79,492 | +€39,784 | +100% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €35,000 | €75,000 | +€40,000 | +114% |
| Distributable reserves | 133 | €35,000 | €75,000 | +€40,000 | +114% |
| Profit (loss) carried forward | 14 | €2,708 | €2,492 | -€216 | -8.0% |
| Amounts payable | 17/49 | €71,366 | €62,493 | -€8,873 | -12.4% |
| Amounts payable after more than one year | 17 | €39,564 | €27,883 | -€11,681 | -29.5% |
| Financial debts | 170/4 | €39,564 | €27,883 | -€11,681 | -29.5% |
| Amounts payable within one year | 42/48 | €31,802 | €34,610 | +€2,808 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €11,266 | €11,681 | +€415 | +3.7% |
| Trade debts | 44 | €235 | €32 | -€203 | -86.4% |
| Suppliers | 440/4 | €235 | €32 | -€203 | -86.4% |
| Taxes, remuneration and social security | 45 | €17,495 | €17,961 | +€466 | +2.7% |
| Taxes | 450/3 | €17,495 | €17,961 | +€466 | +2.7% |
| Other amounts payable | 47/48 | €2,806 | €4,936 | +€2,130 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,829 | €13,245 | +€3,416 | +34.8% |
| Other operating charges | 640/8 | €648 | €501 | -€147 | -22.7% |
| Gross operating margin | 9900 | €59,819 | €65,862 | +€6,043 | +10.1% |
| Operating profit (loss) | 9901 | €49,342 | €52,116 | +€2,774 | +5.6% |
| Financial charges | 65/66B | €1,510 | €1,705 | +€195 | +12.9% |
| Recurring financial charges | 65 | €1,510 | €1,705 | +€195 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €47,832 | €50,411 | +€2,579 | +5.4% |
| Income taxes | 67/77 | €10,124 | €10,627 | +€503 | +5.0% |
| Profit (loss) for the period | 9904 | €37,708 | €39,784 | +€2,076 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,708 | €39,784 | +€2,076 | +5.5% |
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 14 October 2026 via checked.be.