MPETS: 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.
MPETS
Largest movements
- Receivables within one year +€422,362
up €422,362 (+28.2%), from €1.5m to €1.9m
of which Trade receivables: +€478,461
- Stocks and contracts +€260,092
up €260,092 (+44667.1%), from €582 to €260,674
- Cash +€116,803
up €116,803 (+34.5%), from €338,389 to €455,192
mainly Trade debts (+€692,015) and Net result for the year (+€91,454)
- Trade debts +€692,015
up €692,015 (+54.4%), from €1.3m to €2.0m
- Profit (loss) carried forward +€91,454
up €91,454 (+9.7%), from -€943,382 to -€851,928
- Gross operating margin -€270,903
down €270,903 (-25.3%), from €1.1m to €799,793
- Staff costs +€161,879
up €161,879 (+36.6%), from €442,234 to €604,113
- Other operating charges -€125,530
down €125,530 (-98.0%), from €128,087 to €2,558
- Financial income +€49,784
up €49,784 (+146.7%), from €33,940 to €83,724
- Financial charges +€13,068
up €13,068 (+7.9%), from €165,474 to €178,543
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,870,835 | €2,681,082 | +€810,247 | +43.3% |
| Fixed assets | 21/28 | €22,547 | €34,781 | +€12,234 | +54.3% |
| Tangible fixed assets | 22/27 | €9,913 | €22,183 | +€12,270 | +123.8% |
| Furniture and vehicles | 24 | €9,913 | €22,183 | +€12,270 | +123.8% |
| Financial fixed assets | 28 | €12,634 | €12,598 | -€36 | -0.3% |
| Current assets | 29/58 | €1,848,288 | €2,646,301 | +€798,013 | +43.2% |
| Stocks and contracts in progress | 3 | €582 | €260,674 | +€260,092 | +44667.1% |
| Stocks | 30/36 | €582 | €260,674 | +€260,092 | +44667.1% |
| Amounts receivable within one year | 40/41 | €1,495,592 | €1,917,955 | +€422,362 | +28.2% |
| Trade receivables | 40 | €1,408,823 | €1,887,284 | +€478,461 | +34.0% |
| Other amounts receivable | 41 | €86,770 | €30,671 | -€56,099 | -64.7% |
| Cash at bank and in hand | 54/58 | €338,389 | €455,192 | +€116,803 | +34.5% |
| Deferred charges and accrued income | 490/1 | €13,724 | €12,481 | -€1,244 | -9.1% |
| Total equity and liabilities | 10/49 | €1,870,835 | €2,681,082 | +€810,247 | +43.3% |
| Equity | 10/15 | €554,248 | €645,702 | +€91,454 | +16.5% |
| Contributions | 10/11 | €1,497,629 | €1,497,629 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€943,382 | -€851,928 | +€91,454 | +9.7% |
| Amounts payable | 17/49 | €1,316,587 | €2,035,381 | +€718,793 | +54.6% |
| Amounts payable within one year | 42/48 | €1,316,587 | €2,025,378 | +€708,791 | +53.8% |
| Trade debts | 44 | €1,271,080 | €1,963,095 | +€692,015 | +54.4% |
| Suppliers | 440/4 | €1,271,080 | €1,963,095 | +€692,015 | +54.4% |
| Taxes, remuneration and social security | 45 | €45,507 | €61,023 | +€15,516 | +34.1% |
| Taxes | 450/3 | €796 | €1,939 | +€1,144 | +143.7% |
| Remuneration and social security | 454/9 | €44,712 | €59,084 | +€14,372 | +32.1% |
| Other amounts payable | 47/48 | €0 | €1,260 | +€1,260 | |
| Accrued charges and deferred income | 492/3 | - | €10,003 | +€10,003 | |
| Non-recurring operating income | 76A | €142,608 | €0 | -€142,608 | -100.0% |
| Remuneration, social security and pensions | 62 | €442,234 | €604,113 | +€161,879 | +36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,684 | €5,393 | +€709 | +15.1% |
| Other operating charges | 640/8 | €128,087 | €2,558 | -€125,530 | -98.0% |
| Non-recurring operating charges | 66A | €65,821 | €0 | -€65,821 | -100.0% |
| Gross operating margin | 9900 | €1,070,696 | €799,793 | -€270,903 | -25.3% |
| Operating profit (loss) | 9901 | €429,870 | €187,729 | -€242,141 | -56.3% |
| Financial income | 75/76B | €33,940 | €83,724 | +€49,784 | +146.7% |
| Recurring financial income | 75 | €33,940 | €83,724 | +€49,784 | +146.7% |
| Financial charges | 65/66B | €165,474 | €178,543 | +€13,068 | +7.9% |
| Recurring financial charges | 65 | €165,474 | €178,543 | +€13,068 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €298,336 | €92,911 | -€205,426 | -68.9% |
| Income taxes | 67/77 | €284 | €1,457 | +€1,172 | +412.5% |
| Profit (loss) for the period | 9904 | €298,052 | €91,454 | -€206,598 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €298,052 | €91,454 | -€206,598 | -69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.