MPJ TRADE: 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.
MPJ TRADE
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+66.4%), from €1.6m to €2.6m
of which Land and buildings: +€1.0m
- Current investments -€625,000
down €625,000 (-100%), from €625,000 to €0
- Cash +€103,336
up €103,336 (+61.2%), from €168,788 to €272,124
mainly Debts after one year (+€728,675) and Current investments (+€625,000)
- Debts after one year +€728,675
up €728,675 (+64.3%), from €1.1m to €1.9m
- Other debts -€210,223
down €210,223 (-79.3%), from €265,216 to €54,994
- Current portion of long-term debt +€49,601
up €49,601 (+41.6%), from €119,277 to €168,878
- Financial income -€791,536
down €791,536 (-100.0%), from €791,598 to €62
- Gross operating margin +€227,456
up €227,456 (+482%), from €47,144 to €274,600
- Depreciation +€116,937
up €116,937 (+180%), from €65,046 to €181,983
- Taxes -€55,015
down €55,015 (-74.1%), from €74,224 to €19,210
- Financial charges +€20,929
up €20,929 (+46.7%), from €44,795 to €65,724
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 | €2,949,416 | €3,501,747 | +€552,331 | +18.7% |
| Fixed assets | 21/28 | €1,777,850 | €2,825,731 | +€1.0m | +58.9% |
| Tangible fixed assets | 22/27 | €1,577,850 | €2,625,731 | +€1.0m | +66.4% |
| Land and buildings | 22 | €1,459,380 | €2,505,653 | +€1.0m | +71.7% |
| Plant, machinery and equipment | 23 | €101,046 | €98,276 | -€2,769 | -2.7% |
| Furniture and vehicles | 24 | €12,224 | €16,601 | +€4,377 | +35.8% |
| Other tangible fixed assets | 26 | €5,200 | €5,200 | = | 0.0% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €1,171,567 | €676,017 | -€495,550 | -42.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €191,533 | €212,684 | +€21,151 | +11.0% |
| Stocks | 30/36 | €191,533 | €212,684 | +€21,151 | +11.0% |
| Amounts receivable within one year | 40/41 | €177,890 | €183,165 | +€5,275 | +3.0% |
| Trade receivables | 40 | €167,977 | €48,855 | -€119,122 | -70.9% |
| Other amounts receivable | 41 | €9,913 | €134,310 | +€124,397 | +1,255% |
| Current investments | 50/53 | €625,000 | €0 | -€625,000 | -100% |
| Cash at bank and in hand | 54/58 | €168,788 | €272,124 | +€103,336 | +61.2% |
| Deferred charges and accrued income | 490/1 | €8,356 | €8,045 | -€311 | -3.7% |
| Total equity and liabilities | 10/49 | €2,949,416 | €3,501,747 | +€552,331 | +18.7% |
| Equity | 10/15 | €1,320,544 | €1,312,621 | -€7,922 | -0.6% |
| Contributions | 10/11 | €201,000 | €201,000 | = | 0.0% |
| Reserves | 13 | €1,119,544 | €1,119,544 | = | 0.0% |
| Distributable reserves | 133 | €1,119,544 | €1,119,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,922 | -€7,922 | |
| Amounts payable | 17/49 | €1,628,873 | €2,189,126 | +€560,253 | +34.4% |
| Amounts payable after more than one year | 17 | €1,134,085 | €1,862,760 | +€728,675 | +64.3% |
| Financial debts | 170/4 | €1,134,085 | €1,862,760 | +€728,675 | +64.3% |
| Amounts payable within one year | 42/48 | €485,338 | €319,441 | -€165,897 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €119,277 | €168,878 | +€49,601 | +41.6% |
| Financial debts | 43 | €2,205 | €18,831 | +€16,626 | +754% |
| Credit institutions | 430/8 | €2,205 | €18,831 | +€16,626 | +754% |
| Trade debts | 44 | €18,518 | €11,819 | -€6,699 | -36.2% |
| Suppliers | 440/4 | €18,518 | €11,819 | -€6,699 | -36.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €80,121 | €64,919 | -€15,202 | -19.0% |
| Taxes | 450/3 | €80,121 | €64,919 | -€15,202 | -19.0% |
| Other amounts payable | 47/48 | €265,216 | €54,994 | -€210,223 | -79.3% |
| Accrued charges and deferred income | 492/3 | €9,450 | €6,926 | -€2,525 | -26.7% |
| Non-recurring operating income | 76A | €52,586 | €297,118 | +€244,532 | +465% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,046 | €181,983 | +€116,937 | +180% |
| Other operating charges | 640/8 | €28,555 | €15,667 | -€12,888 | -45.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €47,144 | €274,600 | +€227,456 | +482% |
| Operating profit (loss) | 9901 | -€46,457 | €76,950 | +€123,407 | |
| Financial income | 75/76B | €791,598 | €62 | -€791,536 | -100.0% |
| Recurring financial income | 75 | €791,598 | €62 | -€791,536 | -100.0% |
| Financial charges | 65/66B | €44,795 | €65,724 | +€20,929 | +46.7% |
| Recurring financial charges | 65 | €44,795 | €65,724 | +€20,929 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €700,346 | €11,287 | -€689,059 | -98.4% |
| Income taxes | 67/77 | €74,224 | €19,210 | -€55,015 | -74.1% |
| Profit (loss) for the period | 9904 | €626,122 | -€7,922 | -€634,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €626,122 | -€7,922 | -€634,044 |
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 30 October 2026 via checked.be.