MPK ADVIES: 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.
MPK ADVIES
Largest movements
- Receivables within one year +€96,701
up €96,701 (+41.9%), from €230,539 to €327,240
of which Trade receivables: +€96,694
- Current investments -€40,079
no longer reported in 2025 (was €40,079)
- Intangible fixed assets +€7,118
up €7,118 (+121%), from €5,878 to €12,996
- Tax, wage and social debts +€41,490
up €41,490 (+172%), from €24,054 to €65,544
of which Taxes: +€37,302
- Debts after one year +€22,459
up €22,459 (+6.2%), from €362,610 to €385,070
- Profit (loss) carried forward -€14,674
down €14,674, from €8,205 to -€6,469
- Other debts +€12,863
up €12,863 (+20.6%), from €62,341 to €75,204
- Staff costs +€14,835
up €14,835 (+8.1%), from €183,318 to €198,154
- Gross operating margin +€13,837
up €13,837 (+6.5%), from €213,029 to €226,866
- Other operating charges +€10,257
up €10,257 (+844%), from €1,216 to €11,473
- Financial income -€3,359
down €3,359 (-91.3%), from €3,679 to €320
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 | €532,510 | €594,343 | +€61,834 | +11.6% |
| Fixed assets | 21/28 | €218,934 | €221,877 | +€2,943 | +1.3% |
| Intangible fixed assets | 21 | €5,878 | €12,996 | +€7,118 | +121% |
| Tangible fixed assets | 22/27 | €213,056 | €208,882 | -€4,175 | -2.0% |
| Land and buildings | 22 | €168,415 | €155,243 | -€13,171 | -7.8% |
| Plant, machinery and equipment | 23 | €38,107 | €41,362 | +€3,254 | +8.5% |
| Furniture and vehicles | 24 | €6,534 | €12,276 | +€5,742 | +87.9% |
| Current assets | 29/58 | €313,575 | €372,466 | +€58,891 | +18.8% |
| Amounts receivable within one year | 40/41 | €230,539 | €327,240 | +€96,701 | +41.9% |
| Trade receivables | 40 | €230,539 | €327,234 | +€96,694 | +41.9% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Current investments | 50/53 | €40,079 | - | -€40,079 | |
| Cash at bank and in hand | 54/58 | €20,880 | €23,336 | +€2,455 | +11.8% |
| Deferred charges and accrued income | 490/1 | €22,077 | €21,890 | -€187 | -0.8% |
| Total equity and liabilities | 10/49 | €532,510 | €594,343 | +€61,834 | +11.6% |
| Equity | 10/15 | €28,665 | €13,991 | -€14,674 | -51.2% |
| 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 | €8,205 | -€6,469 | -€14,674 | |
| Amounts payable | 17/49 | €503,845 | €580,353 | +€76,508 | +15.2% |
| Amounts payable after more than one year | 17 | €362,610 | €385,070 | +€22,459 | +6.2% |
| Financial debts | 170/4 | €362,610 | €385,070 | +€22,459 | +6.2% |
| Amounts payable within one year | 42/48 | €139,078 | €193,127 | +€54,048 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €16,770 | €17,905 | +€1,134 | +6.8% |
| Trade debts | 44 | €35,913 | €34,475 | -€1,439 | -4.0% |
| Suppliers | 440/4 | €35,913 | €34,475 | -€1,439 | -4.0% |
| Taxes, remuneration and social security | 45 | €24,054 | €65,544 | +€41,490 | +172% |
| Taxes | 450/3 | €23,610 | €60,912 | +€37,302 | +158% |
| Remuneration and social security | 454/9 | €444 | €4,632 | +€4,188 | +943% |
| Other amounts payable | 47/48 | €62,341 | €75,204 | +€12,863 | +20.6% |
| Accrued charges and deferred income | 492/3 | €2,156 | €2,156 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €183,318 | €198,154 | +€14,835 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,889 | €25,986 | +€1,097 | +4.4% |
| Other operating charges | 640/8 | €1,216 | €11,473 | +€10,257 | +844% |
| Gross operating margin | 9900 | €213,029 | €226,866 | +€13,837 | +6.5% |
| Operating profit (loss) | 9901 | €3,606 | -€8,747 | -€12,353 | |
| Financial income | 75/76B | €3,679 | €320 | -€3,359 | -91.3% |
| Recurring financial income | 75 | €3,679 | €320 | -€3,359 | -91.3% |
| Financial charges | 65/66B | €4,278 | €5,615 | +€1,337 | +31.3% |
| Recurring financial charges | 65 | €3,462 | €5,615 | +€2,153 | +62.2% |
| Non-recurring financial charges | 66B | €816 | - | -€816 | |
| Profit (loss) for the period before taxes | 9903 | €3,006 | -€14,042 | -€17,048 | |
| Income taxes | 67/77 | €1,869 | €633 | -€1,237 | -66.2% |
| Profit (loss) for the period | 9904 | €1,137 | -€14,674 | -€15,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,137 | -€14,674 | -€15,812 |
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 28 October 2026 via checked.be.