MPM: 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.
MPM
Largest movements
- Cash -€23,981
down €23,981 (-30.0%), from €79,924 to €55,943
mainly Receivables within one year (-€12,400) and Other debts (-€6,889)
- Receivables within one year +€12,400
up €12,400 (+35.8%), from €34,600 to €47,000
- Tangible fixed assets +€3,155
up €3,155 (+5.0%), from €63,628 to €66,783
of which Land and buildings: +€3,389
- Other debts -€6,889
down €6,889 (-13.7%), from €50,258 to €43,368
- Gross operating margin +€616
up €616 (+23.6%), from €2,604 to €3,220
- Depreciation -€325
down €325 (-9.0%), from €3,595 to €3,270
- Other operating charges -€165
down €165 (-14.4%), from €1,150 to €985
- Financial charges +€148
up €148 (+80.0%), from €185 to €333
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 | €178,155 | €169,727 | -€8,428 | -4.7% |
| Fixed assets | 21/28 | €63,630 | €66,783 | +€3,153 | +5.0% |
| Tangible fixed assets | 22/27 | €63,628 | €66,783 | +€3,155 | +5.0% |
| Land and buildings | 22 | €63,116 | €66,506 | +€3,389 | +5.4% |
| Furniture and vehicles | 24 | €512 | €278 | -€234 | -45.7% |
| Financial fixed assets | 28 | €2 | - | -€2 | |
| Current assets | 29/58 | €114,524 | €102,943 | -€11,581 | -10.1% |
| Amounts receivable within one year | 40/41 | €34,600 | €47,000 | +€12,400 | +35.8% |
| Other amounts receivable | 41 | €34,600 | €47,000 | +€12,400 | +35.8% |
| Cash at bank and in hand | 54/58 | €79,924 | €55,943 | -€23,981 | -30.0% |
| Total equity and liabilities | 10/49 | €178,155 | €169,727 | -€8,428 | -4.7% |
| Equity | 10/15 | €127,510 | €126,143 | -€1,367 | -1.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,339 | €57,972 | -€1,367 | -2.3% |
| Amounts payable | 17/49 | €50,645 | €43,584 | -€7,061 | -13.9% |
| Amounts payable within one year | 42/48 | €50,645 | €43,584 | -€7,061 | -13.9% |
| Trade debts | 44 | €387 | €216 | -€172 | -44.3% |
| Suppliers | 440/4 | €387 | €216 | -€172 | -44.3% |
| Other amounts payable | 47/48 | €50,258 | €43,368 | -€6,889 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,595 | €3,270 | -€325 | -9.0% |
| Other operating charges | 640/8 | €1,150 | €985 | -€165 | -14.4% |
| Gross operating margin | 9900 | €2,604 | €3,220 | +€616 | +23.6% |
| Operating profit (loss) | 9901 | -€2,141 | -€1,035 | +€1,106 | +51.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €185 | €333 | +€148 | +80.0% |
| Recurring financial charges | 65 | €185 | €333 | +€148 | +80.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,326 | -€1,367 | +€959 | +41.2% |
| Profit (loss) for the period | 9904 | -€2,326 | -€1,367 | +€959 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,326 | -€1,367 | +€959 | +41.2% |
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 29 September 2026 via checked.be.