MPHG: 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.
MPHG
Largest movements
- Receivables within one year +€5,860
up €5,860 (+380.2%), from €1,541 to €7,401
of which Trade receivables: +€3,000
- Cash -€1,659
down €1,659 (-5.4%), from €30,744 to €29,085
mainly Receivables within one year (-€5,860) and Investment in fixed assets (net) (-€2,907)
- Tangible fixed assets +€1,175
up €1,175 (+16.7%), from €7,041 to €8,216
of which Furniture and vehicles: +€1,663
- Deferred charges and accrued income +€685
new in 2025: €685
- Other debts +€5,417
new in 2025: €5,417
- Tax, wage and social debts -€2,878
down €2,878 (-90.7%), from €3,174 to €296
- Trade debts +€2,688
new in 2025: €2,688
- Profit (loss) carried forward +€833
up €833 (+5.3%), from €15,692 to €16,525
- Gross operating margin +€12,322
up €12,322 (+363.8%), from €3,387 to €15,709
- Other operating charges +€9,185
up €9,185 (+1021.7%), from €899 to €10,084
- Taxes +€4,072
up €4,072, from -€1,303 to €2,769
- Financial income -€830
down €830 (-100.0%), from €830 to €0
of which Non-recurring financial income: -€700
- Depreciation +€268
up €268 (+18.3%), from €1,464 to €1,732
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 | €39,326 | €45,386 | +€6,060 | +15.4% |
| Fixed assets | 21/28 | €7,041 | €8,216 | +€1,175 | +16.7% |
| Tangible fixed assets | 22/27 | €7,041 | €8,216 | +€1,175 | +16.7% |
| Plant, machinery and equipment | 23 | €3,905 | €3,417 | -€488 | -12.5% |
| Furniture and vehicles | 24 | €3,136 | €4,799 | +€1,663 | +53.0% |
| Current assets | 29/58 | €32,285 | €37,170 | +€4,885 | +15.1% |
| Amounts receivable within one year | 40/41 | €1,541 | €7,401 | +€5,860 | +380.2% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €1,541 | €4,401 | +€2,860 | +185.6% |
| Cash at bank and in hand | 54/58 | €30,744 | €29,085 | -€1,659 | -5.4% |
| Deferred charges and accrued income | 490/1 | - | €685 | +€685 | |
| Total equity and liabilities | 10/49 | €39,326 | €45,386 | +€6,060 | +15.4% |
| Equity | 10/15 | €36,152 | €36,985 | +€833 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,692 | €16,525 | +€833 | +5.3% |
| Amounts payable | 17/49 | €3,174 | €8,401 | +€5,227 | +164.7% |
| Amounts payable within one year | 42/48 | €3,174 | €8,401 | +€5,227 | +164.7% |
| Trade debts | 44 | - | €2,688 | +€2,688 | |
| Suppliers | 440/4 | - | €2,688 | +€2,688 | |
| Taxes, remuneration and social security | 45 | €3,174 | €296 | -€2,878 | -90.7% |
| Taxes | 450/3 | €3,174 | €296 | -€2,878 | -90.7% |
| Other amounts payable | 47/48 | - | €5,417 | +€5,417 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,464 | €1,732 | +€268 | +18.3% |
| Other operating charges | 640/8 | €899 | €10,084 | +€9,185 | +1021.7% |
| Gross operating margin | 9900 | €3,387 | €15,709 | +€12,322 | +363.8% |
| Operating profit (loss) | 9901 | €1,024 | €3,894 | +€2,870 | +280.3% |
| Financial income | 75/76B | €830 | €0 | -€830 | -100.0% |
| Recurring financial income | 75 | €130 | €0 | -€130 | -99.8% |
| Non-recurring financial income | 76B | €700 | - | -€700 | |
| Financial charges | 65/66B | €245 | €292 | +€47 | +19.2% |
| Recurring financial charges | 65 | €245 | €292 | +€47 | +19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,609 | €3,602 | +€1,993 | +123.9% |
| Income taxes | 67/77 | -€1,303 | €2,769 | +€4,072 | |
| Profit (loss) for the period | 9904 | €2,912 | €833 | -€2,079 | -71.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,912 | €833 | -€2,079 | -71.4% |
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 8 October 2026 via checked.be.