MPM Trans: 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.
MPM Trans
Largest movements
- Deferred charges and accrued income -€27,099
down €27,099 (-93.5%), from €28,968 to €1,869
- Receivables within one year +€16,555
up €16,555 (+138.9%), from €11,920 to €28,475
of which Trade receivables: +€11,771
- Tangible fixed assets -€14,793
down €14,793 (-22.3%), from €66,308 to €51,514
of which Leasing and similar rights: -€9,502
- Debts after one year -€18,744
down €18,744 (-48.0%), from €39,052 to €20,308
of which Financial debts: -€18,744
- Reserves +€7,213
up €7,213 (+17.2%), from €42,024 to €49,237
- Current portion of long-term debt -€6,079
down €6,079 (-24.6%), from €24,730 to €18,651
- Accrued charges and deferred income -€4,250
no longer reported in 2025 (was €4,250)
- Tax, wage and social debts -€2,564
down €2,564 (-28.0%), from €9,149 to €6,585
of which Taxes: -€2,364
- Gross operating margin +€24,488
up €24,488 (+95.6%), from €25,616 to €50,104
- Financial charges -€2,015
down €2,015 (-50.5%), from €3,993 to €1,978
- Other operating charges +€1,610
up €1,610 (+13.5%), from €11,968 to €13,578
- Taxes +€1,154
up €1,154 (+376.8%), from €306 to €1,461
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 | €134,967 | €107,855 | -€27,112 | -20.1% |
| Formation expenses | 20 | €2,963 | €1,865 | -€1,098 | -37.1% |
| Fixed assets | 21/28 | €68,238 | €53,445 | -€14,793 | -21.7% |
| Tangible fixed assets | 22/27 | €66,308 | €51,514 | -€14,793 | -22.3% |
| Plant, machinery and equipment | 23 | €2,543 | €1,526 | -€1,017 | -40.0% |
| Furniture and vehicles | 24 | €39,553 | €35,280 | -€4,274 | -10.8% |
| Leasing and similar rights | 25 | €24,211 | €14,709 | -€9,502 | -39.2% |
| Financial fixed assets | 28 | €1,930 | €1,930 | = | 0.0% |
| Current assets | 29/58 | €63,767 | €52,545 | -€11,221 | -17.6% |
| Amounts receivable within one year | 40/41 | €11,920 | €28,475 | +€16,555 | +138.9% |
| Trade receivables | 40 | €11,920 | €23,692 | +€11,771 | +98.7% |
| Other amounts receivable | 41 | - | €4,784 | +€4,784 | |
| Cash at bank and in hand | 54/58 | €22,879 | €22,201 | -€678 | -3.0% |
| Deferred charges and accrued income | 490/1 | €28,968 | €1,869 | -€27,099 | -93.5% |
| Total equity and liabilities | 10/49 | €134,967 | €107,855 | -€27,112 | -20.1% |
| Equity | 10/15 | €47,024 | €54,237 | +€7,213 | +15.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €42,024 | €49,237 | +€7,213 | +17.2% |
| Distributable reserves | 133 | €42,024 | €49,237 | +€7,213 | +17.2% |
| Amounts payable | 17/49 | €87,943 | €53,618 | -€34,325 | -39.0% |
| Amounts payable after more than one year | 17 | €39,052 | €20,308 | -€18,744 | -48.0% |
| Financial debts | 170/4 | €24,052 | €5,308 | -€18,744 | -77.9% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €44,642 | €33,310 | -€11,331 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €24,730 | €18,651 | -€6,079 | -24.6% |
| Trade debts | 44 | €9,845 | €8,074 | -€1,771 | -18.0% |
| Suppliers | 440/4 | €9,845 | €8,074 | -€1,771 | -18.0% |
| Taxes, remuneration and social security | 45 | €9,149 | €6,585 | -€2,564 | -28.0% |
| Taxes | 450/3 | €7,749 | €5,385 | -€2,364 | -30.5% |
| Remuneration and social security | 454/9 | €1,400 | €1,200 | -€200 | -14.3% |
| Other amounts payable | 47/48 | €917 | - | -€917 | |
| Accrued charges and deferred income | 492/3 | €4,250 | - | -€4,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,831 | €25,874 | +€43 | +0.2% |
| Other operating charges | 640/8 | €11,968 | €13,578 | +€1,610 | +13.5% |
| Gross operating margin | 9900 | €25,616 | €50,104 | +€24,488 | +95.6% |
| Operating profit (loss) | 9901 | -€12,183 | €10,652 | +€22,835 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +200.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200.0% |
| Financial charges | 65/66B | €3,993 | €1,978 | -€2,015 | -50.5% |
| Recurring financial charges | 65 | €3,993 | €1,978 | -€2,015 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,176 | €8,673 | +€24,850 | |
| Income taxes | 67/77 | €306 | €1,461 | +€1,154 | +376.8% |
| Profit (loss) for the period | 9904 | -€16,483 | €7,213 | +€23,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,483 | €7,213 | +€23,695 |
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 9 October 2026 via checked.be.