MPGL Management: 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.
MPGL Management
Largest movements
- Cash -€2,055
down €2,055 (-92.9%), from €2,213 to €158
mainly Investment in fixed assets (net) (-€1,629) and Receivables within one year (-€720)
- Tangible fixed assets +€1,422
new in 2025: €1,422
- Receivables within one year +€720
new in 2025: €720
- Deferred charges and accrued income +€54
new in 2025: €54
- Profit (loss) carried forward +€342
up €342 (+38.6%), from €885 to €1,227
- Tax, wage and social debts -€248
down €248 (-21.0%), from €1,178 to €930
- Gross operating margin -€213
down €213 (-18.0%), from €1,185 to €972
- Depreciation +€206
new in 2025: €206
- Taxes +€156
up €156 (+68.4%), from €228 to €383
- Other operating charges -€50
no longer reported in 2025 (was €50)
- Financial charges +€18
up €18 (+79.6%), from €23 to €40
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.
Derived cash bridge
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 | €5,063 | €5,205 | +€142 | +2.8% |
| Fixed assets | 21/28 | €2,850 | €4,272 | +€1,422 | +49.9% |
| Tangible fixed assets | 22/27 | - | €1,422 | +€1,422 | |
| Furniture and vehicles | 24 | - | €1,422 | +€1,422 | |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €2,213 | €932 | -€1,281 | -57.9% |
| Amounts receivable within one year | 40/41 | - | €720 | +€720 | |
| Trade receivables | 40 | - | €720 | +€720 | |
| Cash at bank and in hand | 54/58 | €2,213 | €158 | -€2,055 | -92.9% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €5,063 | €5,205 | +€142 | +2.8% |
| Equity | 10/15 | €3,885 | €4,227 | +€342 | +8.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €885 | €1,227 | +€342 | +38.6% |
| Amounts payable | 17/49 | €1,178 | €978 | -€200 | -17.0% |
| Amounts payable within one year | 42/48 | €1,178 | €978 | -€200 | -17.0% |
| Trade debts | 44 | - | €47 | +€47 | |
| Suppliers | 440/4 | - | €47 | +€47 | |
| Taxes, remuneration and social security | 45 | €1,178 | €930 | -€248 | -21.0% |
| Taxes | 450/3 | €1,178 | €930 | -€248 | -21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €206 | +€206 | |
| Other operating charges | 640/8 | €50 | - | -€50 | |
| Gross operating margin | 9900 | €1,185 | €972 | -€213 | -18.0% |
| Operating profit (loss) | 9901 | €1,135 | €766 | -€369 | -32.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €23 | €40 | +€18 | +79.6% |
| Recurring financial charges | 65 | €23 | €40 | +€18 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €1,113 | €725 | -€387 | -34.8% |
| Income taxes | 67/77 | €228 | €383 | +€156 | +68.4% |
| Profit (loss) for the period | 9904 | €885 | €342 | -€543 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €885 | €342 | -€543 | -61.4% |
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 13 October 2026 via checked.be.