MPFF: 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.
MPFF
Largest movements
- Cash +€2,625
up €2,625 (+1778.8%), from €148 to €2,772
mainly Other debts (+€8,582) and Depreciation (+€1,954)
- Receivables within one year +€818
up €818 (+75.3%), from €1,086 to €1,904
of which Trade receivables: +€1,290
- Tangible fixed assets +€522
up €522 (+29.9%), from €1,747 to €2,269
of which Furniture and vehicles: +€1,826
- Stocks and contracts +€520
new in 2025: €520
- Other debts +€8,582
up €8,582 (+96.4%), from €8,899 to €17,481
- Profit (loss) carried forward -€2,739
down €2,739 (-15.5%), from -€17,680 to -€20,418
- Trade debts -€1,359
no longer reported in 2025 (was €1,359)
- Gross operating margin -€7,146
down €7,146 (-94.3%), from €7,575 to €429
- Depreciation -€1,554
down €1,554 (-44.3%), from €3,508 to €1,954
- Other operating charges +€436
up €436 (+270.6%), from €161 to €597
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 | €2,981 | €7,466 | +€4,485 | +150.4% |
| Fixed assets | 21/28 | €1,747 | €2,269 | +€522 | +29.9% |
| Tangible fixed assets | 22/27 | €1,747 | €2,269 | +€522 | +29.9% |
| Plant, machinery and equipment | 23 | €459 | €57 | -€402 | -87.5% |
| Furniture and vehicles | 24 | €147 | €1,973 | +€1,826 | +1245.8% |
| Other tangible fixed assets | 26 | €1,142 | €239 | -€903 | -79.1% |
| Current assets | 29/58 | €1,234 | €5,197 | +€3,963 | +321.2% |
| Stocks and contracts in progress | 3 | - | €520 | +€520 | |
| Stocks | 30/36 | - | €520 | +€520 | |
| Amounts receivable within one year | 40/41 | €1,086 | €1,904 | +€818 | +75.3% |
| Trade receivables | 40 | - | €1,290 | +€1,290 | |
| Other amounts receivable | 41 | €1,086 | €614 | -€472 | -43.5% |
| Cash at bank and in hand | 54/58 | €148 | €2,772 | +€2,625 | +1778.8% |
| Total equity and liabilities | 10/49 | €2,981 | €7,466 | +€4,485 | +150.4% |
| Equity | 10/15 | -€7,680 | -€10,418 | -€2,739 | -35.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,680 | -€20,418 | -€2,739 | -15.5% |
| Amounts payable | 17/49 | €10,661 | €17,884 | +€7,223 | +67.8% |
| Amounts payable within one year | 42/48 | €10,661 | €17,884 | +€7,223 | +67.8% |
| Trade debts | 44 | €1,359 | - | -€1,359 | |
| Suppliers | 440/4 | €1,359 | - | -€1,359 | |
| Taxes, remuneration and social security | 45 | €403 | €403 | = | 0.0% |
| Taxes | 450/3 | €403 | €403 | = | 0.0% |
| Other amounts payable | 47/48 | €8,899 | €17,481 | +€8,582 | +96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,508 | €1,954 | -€1,554 | -44.3% |
| Other operating charges | 640/8 | €161 | €597 | +€436 | +270.6% |
| Gross operating margin | 9900 | €7,575 | €429 | -€7,146 | -94.3% |
| Operating profit (loss) | 9901 | €3,906 | -€2,122 | -€6,028 | |
| Financial income | 75/76B | €3 | €1 | -€2 | -60.6% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -60.6% |
| Financial charges | 65/66B | €678 | €618 | -€60 | -8.9% |
| Recurring financial charges | 65 | €678 | €618 | -€60 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €3,231 | -€2,739 | -€5,969 | |
| Profit (loss) for the period | 9904 | €3,231 | -€2,739 | -€5,969 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,231 | -€2,739 | -€5,969 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.