MPL+: 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.
MPL+
Largest movements
- Cash +€426,490
up €426,490 (+7545.3%), from €5,652 to €432,143
mainly Current investments (+€200,000) and Net result for the year (+€195,510)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year -€45,200
down €45,200 (-31.3%), from €144,581 to €99,380
of which Other amounts receivable: -€45,200
- Reserves +€170,510
up €170,510 (+50.3%), from €338,957 to €509,467
of which Distributable reserves: +€159,755
- Financial income +€105,123
up €105,123 (+95.8%), from €109,743 to €214,865
- Taxes +€11,249
up €11,249 (+80.9%), from €13,912 to €25,161
- Gross operating margin -€558
down €558 (-7.3%), from €7,607 to €7,049
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 | €2,251,753 | €2,433,043 | +€181,290 | +8.1% |
| Fixed assets | 21/28 | €1,901,520 | €1,901,520 | = | 0.0% |
| Financial fixed assets | 28 | €1,901,520 | €1,901,520 | = | 0.0% |
| Current assets | 29/58 | €350,233 | €531,523 | +€181,290 | +51.8% |
| Amounts receivable within one year | 40/41 | €144,581 | €99,380 | -€45,200 | -31.3% |
| Trade receivables | 40 | €2,602 | €2,602 | = | 0.0% |
| Other amounts receivable | 41 | €141,979 | €96,779 | -€45,200 | -31.8% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €5,652 | €432,143 | +€426,490 | +7545.3% |
| Total equity and liabilities | 10/49 | €2,251,753 | €2,433,043 | +€181,290 | +8.1% |
| Equity | 10/15 | €2,237,437 | €2,407,947 | +€170,510 | +7.6% |
| Contributions | 10/11 | €1,898,480 | €1,898,480 | = | 0.0% |
| Capital | 10 | €1,898,480 | €1,898,480 | = | 0.0% |
| Issued capital | 100 | €1,898,480 | €1,898,480 | = | 0.0% |
| Reserves | 13 | €338,957 | €509,467 | +€170,510 | +50.3% |
| Non-distributable reserves | 130/1 | €18,135 | €28,890 | +€10,755 | +59.3% |
| Legal reserve | 130 | €18,135 | €28,890 | +€10,755 | +59.3% |
| Distributable reserves | 133 | €320,822 | €480,577 | +€159,755 | +49.8% |
| Amounts payable | 17/49 | €14,316 | €25,096 | +€10,780 | +75.3% |
| Amounts payable within one year | 42/48 | €14,316 | €25,096 | +€10,780 | +75.3% |
| Trade debts | 44 | - | €240 | +€240 | |
| Suppliers | 440/4 | - | €240 | +€240 | |
| Taxes, remuneration and social security | 45 | €14,316 | €24,856 | +€10,540 | +73.6% |
| Taxes | 450/3 | €14,316 | €24,856 | +€10,540 | +73.6% |
| Other operating charges | 640/8 | €1,049 | €1,002 | -€47 | -4.5% |
| Gross operating margin | 9900 | €7,607 | €7,049 | -€558 | -7.3% |
| Operating profit (loss) | 9901 | €6,558 | €6,047 | -€511 | -7.8% |
| Financial income | 75/76B | €109,743 | €214,865 | +€105,123 | +95.8% |
| Recurring financial income | 75 | €109,743 | €214,865 | +€105,123 | +95.8% |
| Financial charges | 65/66B | €240 | €242 | +€1 | +0.6% |
| Recurring financial charges | 65 | €240 | €242 | +€1 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €116,060 | €220,671 | +€104,611 | +90.1% |
| Income taxes | 67/77 | €13,912 | €25,161 | +€11,249 | +80.9% |
| Profit (loss) for the period | 9904 | €102,149 | €195,510 | +€93,362 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €102,149 | €195,510 | +€93,362 | +91.4% |
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 28 September 2026 via checked.be.