MPINVEST: 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.
MPINVEST
Largest movements
- Cash +€12,556
up €12,556 (+42.7%), from €29,431 to €41,988
mainly Net result for the year (+€10,639) and Receivables within one year (+€8,018)
- Receivables within one year -€8,018
down €8,018 (-54.7%), from €14,668 to €6,649
of which Trade receivables: -€9,332
- Reserves +€10,639
up €10,639 (+34.1%), from €31,159 to €41,798
of which Distributable reserves: +€10,639
- Tax, wage and social debts -€4,595
down €4,595 (-32.1%), from €14,338 to €9,742
of which Taxes: -€4,595
- Other debts -€1,483
down €1,483 (-100.0%), from €1,483 to €0
- Gross operating margin +€8,455
up €8,455 (+89.2%), from €9,483 to €17,937
- Taxes +€4,409
up €4,409 (+607.6%), from €726 to €5,134
- Other operating charges +€1,696
up €1,696 (+130.5%), from €1,299 to €2,995
- Financial income +€894
new in 2025: €894
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 | €53,518 | €57,800 | +€4,282 | +8.0% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €53,518 | €57,800 | +€4,282 | +8.0% |
| Amounts receivable within one year | 40/41 | €14,668 | €6,649 | -€8,018 | -54.7% |
| Trade receivables | 40 | €14,668 | €5,336 | -€9,332 | -63.6% |
| Other amounts receivable | 41 | €0 | €1,313 | +€1,313 | |
| Current investments | 50/53 | €9,163 | €9,163 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €29,431 | €41,988 | +€12,556 | +42.7% |
| Deferred charges and accrued income | 490/1 | €256 | €0 | -€256 | -100.0% |
| Total equity and liabilities | 10/49 | €53,518 | €57,800 | +€4,282 | +8.0% |
| Equity | 10/15 | €37,359 | €47,998 | +€10,639 | +28.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,159 | €41,798 | +€10,639 | +34.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,299 | €39,938 | +€10,639 | +36.3% |
| Amounts payable | 17/49 | €16,159 | €9,802 | -€6,357 | -39.3% |
| Amounts payable within one year | 42/48 | €16,159 | €9,802 | -€6,357 | -39.3% |
| Trade debts | 44 | €339 | €60 | -€279 | -82.2% |
| Suppliers | 440/4 | €339 | €60 | -€279 | -82.2% |
| Taxes, remuneration and social security | 45 | €14,338 | €9,742 | -€4,595 | -32.1% |
| Taxes | 450/3 | €14,338 | €9,742 | -€4,595 | -32.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,483 | €0 | -€1,483 | -100.0% |
| Other operating charges | 640/8 | €1,299 | €2,995 | +€1,696 | +130.5% |
| Gross operating margin | 9900 | €9,483 | €17,937 | +€8,455 | +89.2% |
| Operating profit (loss) | 9901 | €8,184 | €14,942 | +€6,759 | +82.6% |
| Financial income | 75/76B | - | €894 | +€894 | |
| Recurring financial income | 75 | - | €894 | +€894 | |
| Financial charges | 65/66B | €182 | €63 | -€118 | -65.2% |
| Recurring financial charges | 65 | €182 | €63 | -€118 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €8,002 | €15,773 | +€7,771 | +97.1% |
| Income taxes | 67/77 | €726 | €5,134 | +€4,409 | +607.6% |
| Profit (loss) for the period | 9904 | €7,277 | €10,639 | +€3,362 | +46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,277 | €10,639 | +€3,362 | +46.2% |
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 12 October 2026 via checked.be.