MPF HOLDING: 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.
MPF HOLDING
Largest movements
- Current investments -€78,811
down €78,811 (-56.0%), from €140,615 to €61,804
- Tangible fixed assets +€53,283
up €53,283 (+431%), from €12,372 to €65,655
of which Furniture and vehicles: +€52,016
- Cash +€21,141
up €21,141 (+57.7%), from €36,625 to €57,765
mainly Current investments (+€78,811) and Net result for the year (+€57,017)
- Tax, wage and social debts -€13,645
down €13,645 (-71.3%), from €19,141 to €5,497
- Reserves +€10,000
up €10,000 (+2.9%), from €341,000 to €351,000
- Financial income -€341,274
down €341,274 (-86.8%), from €392,974 to €51,699
of which Non-recurring financial income: -€290,266
- Gross operating margin +€28,009
up €28,009, from -€5,395 to €22,614
- Taxes -€19,996
down €19,996 (-70.1%), from €28,536 to €8,540
- Depreciation -€2,746
down €2,746 (-27.5%), from €9,979 to €7,233
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €488,991 | €484,198 | -€4,793 | -1.0% |
| Fixed assets | 21/28 | €173,328 | €226,611 | +€53,283 | +30.7% |
| Tangible fixed assets | 22/27 | €12,372 | €65,655 | +€53,283 | +431% |
| Plant, machinery and equipment | 23 | €2,007 | €3,275 | +€1,267 | +63.1% |
| Furniture and vehicles | 24 | €10,365 | €62,381 | +€52,016 | +502% |
| Financial fixed assets | 28 | €160,956 | €160,956 | = | 0.0% |
| Current assets | 29/58 | €315,663 | €257,587 | -€58,076 | -18.4% |
| Amounts receivable within one year | 40/41 | €132,970 | €134,200 | +€1,230 | +0.9% |
| Trade receivables | 40 | €7,480 | €8,228 | +€748 | +10.0% |
| Other amounts receivable | 41 | €125,490 | €125,972 | +€482 | +0.4% |
| Current investments | 50/53 | €140,615 | €61,804 | -€78,811 | -56.0% |
| Cash at bank and in hand | 54/58 | €36,625 | €57,765 | +€21,141 | +57.7% |
| Deferred charges and accrued income | 490/1 | €5,453 | €3,817 | -€1,636 | -30.0% |
| Total equity and liabilities | 10/49 | €488,991 | €484,198 | -€4,793 | -1.0% |
| Equity | 10/15 | €467,429 | €478,445 | +€11,017 | +2.4% |
| Contributions | 10/11 | €125,500 | €125,500 | = | 0.0% |
| Reserves | 13 | €341,000 | €351,000 | +€10,000 | +2.9% |
| Distributable reserves | 133 | €341,000 | €351,000 | +€10,000 | +2.9% |
| Profit (loss) carried forward | 14 | €929 | €1,945 | +€1,017 | +109% |
| Amounts payable | 17/49 | €21,562 | €5,753 | -€15,810 | -73.3% |
| Amounts payable within one year | 42/48 | €21,562 | €5,753 | -€15,810 | -73.3% |
| Trade debts | 44 | €221 | €256 | +€35 | +15.9% |
| Suppliers | 440/4 | €221 | €256 | +€35 | +15.9% |
| Taxes, remuneration and social security | 45 | €19,141 | €5,497 | -€13,645 | -71.3% |
| Taxes | 450/3 | €19,141 | €5,497 | -€13,645 | -71.3% |
| Other amounts payable | 47/48 | €2,200 | €0 | -€2,200 | -100% |
| Non-recurring operating income | 76A | - | €12,635 | +€12,635 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,979 | €7,233 | -€2,746 | -27.5% |
| Other operating charges | 640/8 | €1,156 | €1,148 | -€7 | -0.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€5,395 | €22,614 | +€28,009 | |
| Operating profit (loss) | 9901 | -€16,530 | €14,232 | +€30,763 | |
| Financial income | 75/76B | €392,974 | €51,699 | -€341,274 | -86.8% |
| Recurring financial income | 75 | €102,708 | €51,699 | -€51,009 | -49.7% |
| Non-recurring financial income | 76B | €290,266 | €0 | -€290,266 | -100% |
| Financial charges | 65/66B | €382 | €376 | -€6 | -1.6% |
| Recurring financial charges | 65 | €382 | €376 | -€6 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €376,062 | €65,556 | -€310,506 | -82.6% |
| Income taxes | 67/77 | €28,536 | €8,540 | -€19,996 | -70.1% |
| Profit (loss) for the period | 9904 | €347,526 | €57,017 | -€290,510 | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €347,526 | €57,017 | -€290,510 | -83.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.