MPEX CONSULTING: 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.
MPEX CONSULTING
Largest movements
- Cash -€13,191
down €13,191 (-73.9%), from €17,854 to €4,663
mainly Contributions, distributions and other (-€42,000) and Debts after one year (-€8,904)
- Tangible fixed assets -€12,355
down €12,355 (-31.6%), from €39,119 to €26,765
of which Furniture and vehicles: -€10,700
- Receivables within one year -€5,142
down €5,142 (-5.5%), from €93,553 to €88,411
of which Other amounts receivable: -€8,697
- Deferred charges and accrued income -€2,494
down €2,494 (-68.8%), from €3,626 to €1,132
- Reserves -€28,000
down €28,000 (-33.5%), from €83,620 to €55,620
of which Distributable reserves: -€28,000
- Debts after one year -€8,904
down €8,904 (-38.9%), from €22,919 to €14,015
- Trade debts +€1,709
up €1,709 (+123.6%), from €1,382 to €3,091
- Gross operating margin -€17,188
down €17,188 (-30.6%), from €56,243 to €39,055
- Taxes -€3,460
down €3,460 (-28.4%), from €12,191 to €8,732
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 | €154,152 | €120,971 | -€33,181 | -21.5% |
| Fixed assets | 21/28 | €39,119 | €26,765 | -€12,355 | -31.6% |
| Tangible fixed assets | 22/27 | €39,119 | €26,765 | -€12,355 | -31.6% |
| Plant, machinery and equipment | 23 | €1,655 | €0 | -€1,655 | -100.0% |
| Furniture and vehicles | 24 | €37,464 | €26,764 | -€10,700 | -28.6% |
| Current assets | 29/58 | €115,033 | €94,206 | -€20,827 | -18.1% |
| Amounts receivable within one year | 40/41 | €93,553 | €88,411 | -€5,142 | -5.5% |
| Trade receivables | 40 | €16,441 | €19,996 | +€3,555 | +21.6% |
| Other amounts receivable | 41 | €77,112 | €68,415 | -€8,697 | -11.3% |
| Cash at bank and in hand | 54/58 | €17,854 | €4,663 | -€13,191 | -73.9% |
| Deferred charges and accrued income | 490/1 | €3,626 | €1,132 | -€2,494 | -68.8% |
| Total equity and liabilities | 10/49 | €154,152 | €120,971 | -€33,181 | -21.5% |
| Equity | 10/15 | €92,610 | €65,446 | -€27,164 | -29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,620 | €55,620 | -€28,000 | -33.5% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €83,000 | €55,000 | -€28,000 | -33.7% |
| Profit (loss) carried forward | 14 | €2,790 | €3,626 | +€836 | +30.0% |
| Amounts payable | 17/49 | €61,542 | €55,524 | -€6,018 | -9.8% |
| Amounts payable after more than one year | 17 | €22,919 | €14,015 | -€8,904 | -38.9% |
| Financial debts | 170/4 | €22,919 | €14,015 | -€8,904 | -38.9% |
| Amounts payable within one year | 42/48 | €38,623 | €41,509 | +€2,886 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €8,568 | €8,904 | +€336 | +3.9% |
| Trade debts | 44 | €1,382 | €3,091 | +€1,709 | +123.6% |
| Suppliers | 440/4 | €1,382 | €3,091 | +€1,709 | +123.6% |
| Taxes, remuneration and social security | 45 | €28,112 | €29,514 | +€1,402 | +5.0% |
| Taxes | 450/3 | €28,112 | €29,514 | +€1,402 | +5.0% |
| Other amounts payable | 47/48 | €560 | - | -€560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,355 | €12,355 | = | 0.0% |
| Other operating charges | 640/8 | €1,625 | €1,483 | -€142 | -8.7% |
| Gross operating margin | 9900 | €56,243 | €39,055 | -€17,188 | -30.6% |
| Operating profit (loss) | 9901 | €42,263 | €25,217 | -€17,046 | -40.3% |
| Financial charges | 65/66B | €1,669 | €1,649 | -€20 | -1.2% |
| Recurring financial charges | 65 | €1,669 | €1,649 | -€20 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €40,594 | €23,568 | -€17,026 | -41.9% |
| Income taxes | 67/77 | €12,191 | €8,732 | -€3,460 | -28.4% |
| Profit (loss) for the period | 9904 | €28,403 | €14,836 | -€13,566 | -47.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,403 | €14,836 | -€13,566 | -47.8% |
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 11 October 2026 via checked.be.