MPMA: 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.
MPMA
Largest movements
- Tangible fixed assets -€4,388
down €4,388 (-19.3%), from €22,732 to €18,344
of which Land and buildings: -€2,936
- Receivables within one year -€1,146
down €1,146 (-5.8%), from €19,657 to €18,511
of which Trade receivables: -€989
- Cash -€856
down €856 (-12.3%), from €6,981 to €6,126
mainly Net result for the year (-€5,734) and Trade debts (-€853)
- Profit (loss) carried forward -€5,734
down €5,734 (-21.0%), from €27,337 to €21,603
- Trade debts -€853
down €853 (-100.0%), from €853 to €0
- Gross operating margin -€1,267
down €1,267, from €71 to -€1,196
- Other operating charges -€836
down €836 (-100.0%), from €836 to €0
- Financial charges -€21
down €21 (-12.5%), from €171 to €149
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 | €49,369 | €42,999 | -€6,370 | -12.9% |
| Fixed assets | 21/28 | €22,732 | €18,344 | -€4,388 | -19.3% |
| Tangible fixed assets | 22/27 | €22,732 | €18,344 | -€4,388 | -19.3% |
| Land and buildings | 22 | €20,609 | €17,673 | -€2,936 | -14.2% |
| Furniture and vehicles | 24 | €2,123 | €671 | -€1,452 | -68.4% |
| Current assets | 29/58 | €26,638 | €24,656 | -€1,982 | -7.4% |
| Amounts receivable within one year | 40/41 | €19,657 | €18,511 | -€1,146 | -5.8% |
| Trade receivables | 40 | €19,500 | €18,511 | -€989 | -5.1% |
| Other amounts receivable | 41 | €157 | €0 | -€157 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,981 | €6,126 | -€856 | -12.3% |
| Deferred charges and accrued income | 490/1 | - | €20 | +€20 | |
| Total equity and liabilities | 10/49 | €49,369 | €42,999 | -€6,370 | -12.9% |
| Equity | 10/15 | €45,937 | €40,203 | -€5,734 | -12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,337 | €21,603 | -€5,734 | -21.0% |
| Amounts payable | 17/49 | €3,433 | €2,797 | -€636 | -18.5% |
| Amounts payable within one year | 42/48 | €3,433 | €2,797 | -€636 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €853 | €0 | -€853 | -100.0% |
| Suppliers | 440/4 | €853 | €0 | -€853 | -100.0% |
| Other amounts payable | 47/48 | €2,580 | €2,797 | +€216 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,388 | €4,388 | -€0 | 0.0% |
| Other operating charges | 640/8 | €836 | €0 | -€836 | -100.0% |
| Gross operating margin | 9900 | €71 | -€1,196 | -€1,267 | |
| Operating profit (loss) | 9901 | -€5,153 | -€5,585 | -€431 | -8.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €171 | €149 | -€21 | -12.5% |
| Recurring financial charges | 65 | €171 | €149 | -€21 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,324 | -€5,734 | -€410 | -7.7% |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | -€5,324 | -€5,734 | -€410 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,324 | -€5,734 | -€410 | -7.7% |
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 8 October 2026 via checked.be.