MPG DISTRIBUTION: 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.
MPG DISTRIBUTION
Largest movements
- Receivables within one year +€32,189
up €32,189 (+47.3%), from €67,989 to €100,178
of which Trade receivables: +€21,869
- Tangible fixed assets -€13,178
down €13,178 (-9.0%), from €145,955 to €132,777
of which Furniture and vehicles: -€7,189
- Stocks and contracts +€4,906
up €4,906 (+12.7%), from €38,770 to €43,676
- Reserves +€60,000
up €60,000 (+72.4%), from €82,860 to €142,860
of which Distributable reserves: +€60,000
- Debts after one year -€22,078
down €22,078 (-67.7%), from €32,609 to €10,531
- Tax, wage and social debts +€12,247
up €12,247 (+33.5%), from €36,582 to €48,829
of which Taxes: +€10,005
- Trade debts -€9,735
down €9,735 (-12.2%), from €79,603 to €69,868
- Current portion of long-term debt -€9,361
down €9,361 (-10.1%), from €93,110 to €83,749
- Other operating charges -€4,556
down €4,556 (-35.3%), from €12,890 to €8,334
- Staff costs +€2,659
up €2,659 (+4.5%), from €58,956 to €61,615
- Financial charges -€2,343
down €2,343 (-27.1%), from €8,648 to €6,305
- Taxes -€2,069
down €2,069 (-9.2%), from €22,537 to €20,468
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 | €388,808 | €415,973 | +€27,165 | +7.0% |
| Fixed assets | 21/28 | €146,252 | €133,074 | -€13,178 | -9.0% |
| Tangible fixed assets | 22/27 | €145,955 | €132,777 | -€13,178 | -9.0% |
| Land and buildings | 22 | €104,155 | €103,087 | -€1,068 | -1.0% |
| Plant, machinery and equipment | 23 | €24,041 | €19,120 | -€4,921 | -20.5% |
| Furniture and vehicles | 24 | €17,760 | €10,570 | -€7,189 | -40.5% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €242,556 | €282,899 | +€40,343 | +16.6% |
| Stocks and contracts in progress | 3 | €38,770 | €43,676 | +€4,906 | +12.7% |
| Stocks | 30/36 | €38,770 | €43,676 | +€4,906 | +12.7% |
| Amounts receivable within one year | 40/41 | €67,989 | €100,178 | +€32,189 | +47.3% |
| Trade receivables | 40 | €32,724 | €54,593 | +€21,869 | +66.8% |
| Other amounts receivable | 41 | €35,264 | €45,584 | +€10,320 | +29.3% |
| Cash at bank and in hand | 54/58 | €133,925 | €137,072 | +€3,146 | +2.3% |
| Deferred charges and accrued income | 490/1 | €1,872 | €1,974 | +€102 | +5.4% |
| Total equity and liabilities | 10/49 | €388,808 | €415,973 | +€27,165 | +7.0% |
| Equity | 10/15 | €117,467 | €177,777 | +€60,310 | +51.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €82,860 | €142,860 | +€60,000 | +72.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,000 | €141,000 | +€60,000 | +74.1% |
| Profit (loss) carried forward | 14 | €16,007 | €16,317 | +€310 | +1.9% |
| Amounts payable | 17/49 | €271,340 | €238,196 | -€33,144 | -12.2% |
| Amounts payable after more than one year | 17 | €32,609 | €10,531 | -€22,078 | -67.7% |
| Financial debts | 170/4 | €32,609 | €10,531 | -€22,078 | -67.7% |
| Amounts payable within one year | 42/48 | €218,205 | €206,168 | -€12,038 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €93,110 | €83,749 | -€9,361 | -10.1% |
| Trade debts | 44 | €79,603 | €69,868 | -€9,735 | -12.2% |
| Suppliers | 440/4 | €79,603 | €69,868 | -€9,735 | -12.2% |
| Taxes, remuneration and social security | 45 | €36,582 | €48,829 | +€12,247 | +33.5% |
| Taxes | 450/3 | €25,130 | €35,135 | +€10,005 | +39.8% |
| Remuneration and social security | 454/9 | €11,452 | €13,695 | +€2,242 | +19.6% |
| Other amounts payable | 47/48 | €8,909 | €3,721 | -€5,188 | -58.2% |
| Accrued charges and deferred income | 492/3 | €20,526 | €21,497 | +€971 | +4.7% |
| Remuneration, social security and pensions | 62 | €58,956 | €61,615 | +€2,659 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,044 | €17,905 | +€861 | +5.1% |
| Other operating charges | 640/8 | €12,890 | €8,334 | -€4,556 | -35.3% |
| Non-recurring operating charges | 66A | €122 | - | -€122 | |
| Gross operating margin | 9900 | €172,302 | €172,882 | +€580 | +0.3% |
| Operating profit (loss) | 9901 | €83,291 | €85,029 | +€1,738 | +2.1% |
| Financial income | 75/76B | €1,354 | €2,055 | +€701 | +51.7% |
| Recurring financial income | 75 | €1,354 | €2,055 | +€701 | +51.7% |
| Financial charges | 65/66B | €8,648 | €6,305 | -€2,343 | -27.1% |
| Recurring financial charges | 65 | €8,648 | €6,305 | -€2,343 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €75,997 | €80,778 | +€4,781 | +6.3% |
| Income taxes | 67/77 | €22,537 | €20,468 | -€2,069 | -9.2% |
| Profit (loss) for the period | 9904 | €53,460 | €60,310 | +€6,850 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,460 | €60,310 | +€6,850 | +12.8% |
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 1 October 2026 via checked.be.