MPO: 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.
MPO
Largest movements
- Cash -€13,365
down €13,365 (-91.9%), from €14,538 to €1,173
mainly Net result for the year (-€49,205) and Investment in fixed assets (net) (-€16,082)
- Receivables within one year +€12,023
up €12,023 (+558.7%), from €2,152 to €14,175
of which Other amounts receivable: +€12,023
- Profit (loss) carried forward -€49,205
down €49,205 (-32.8%), from -€150,087 to -€199,292
- Other debts +€44,460
up €44,460 (+10.9%), from €406,242 to €450,702
- Turnover -€3,841
no longer reported in 2025 (was €3,841)
- Other operating charges +€1,165
up €1,165 (+23.2%), from €5,022 to €6,187
- Services and other goods -€659
down €659 (-2.9%), from €23,045 to €22,386
- Financial charges +€628
up €628 (+5.0%), from €12,501 to €13,129
- Depreciation +€247
up €247 (+1.3%), from €19,233 to €19,480
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 | €644,838 | €640,098 | -€4,740 | -0.7% |
| Fixed assets | 21/28 | €628,148 | €624,750 | -€3,398 | -0.5% |
| Tangible fixed assets | 22/27 | €626,773 | €623,375 | -€3,398 | -0.5% |
| Land and buildings | 22 | €626,773 | €623,375 | -€3,398 | -0.5% |
| Financial fixed assets | 28 | €1,375 | €1,375 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,375 | €1,375 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,375 | €1,375 | = | 0.0% |
| Current assets | 29/58 | €16,690 | €15,348 | -€1,342 | -8.0% |
| Amounts receivable within one year | 40/41 | €2,152 | €14,175 | +€12,023 | +558.7% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,152 | €14,175 | +€12,023 | +558.7% |
| Cash at bank and in hand | 54/58 | €14,538 | €1,173 | -€13,365 | -91.9% |
| Total equity and liabilities | 10/49 | €644,838 | €640,098 | -€4,740 | -0.7% |
| Equity | 10/15 | €234,559 | €185,354 | -€49,205 | -21.0% |
| Contributions | 10/11 | €382,820 | €382,820 | = | 0.0% |
| Reserves | 13 | €1,826 | €1,826 | = | 0.0% |
| Distributable reserves | 133 | €1,826 | €1,826 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,087 | -€199,292 | -€49,205 | -32.8% |
| Amounts payable | 17/49 | €410,279 | €454,743 | +€44,465 | +10.8% |
| Amounts payable within one year | 42/48 | €410,279 | €454,743 | +€44,465 | +10.8% |
| Trade debts | 44 | €4,037 | €4,041 | +€5 | +0.1% |
| Suppliers | 440/4 | €4,037 | €4,041 | +€5 | +0.1% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €406,242 | €450,702 | +€44,460 | +10.9% |
| Operating income | 70/76A | €23,979 | €12,027 | -€11,952 | -49.8% |
| Turnover | 70 | €3,841 | - | -€3,841 | |
| Other operating income | 74 | - | €3 | +€3 | |
| Non-recurring operating income | 76A | €20,138 | €12,024 | -€8,115 | -40.3% |
| Operating charges | 60/66A | €47,300 | €48,103 | +€803 | +1.7% |
| Services and other goods | 61 | €23,045 | €22,386 | -€659 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,233 | €19,480 | +€247 | +1.3% |
| Other operating charges | 640/8 | €5,022 | €6,187 | +€1,165 | +23.2% |
| Non-recurring operating charges | 66A | - | €50 | +€50 | |
| Operating profit (loss) | 9901 | -€23,321 | -€36,076 | -€12,755 | -54.7% |
| Financial charges | 65/66B | €12,501 | €13,129 | +€628 | +5.0% |
| Recurring financial charges | 65 | €12,501 | €13,129 | +€628 | +5.0% |
| Debt charges | 650 | €11,836 | €12,462 | +€626 | +5.3% |
| Other financial charges | 652/9 | €664 | €667 | +€2 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,822 | -€49,205 | -€13,383 | -37.4% |
| Profit (loss) for the period | 9904 | -€35,822 | -€49,205 | -€13,383 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,822 | -€49,205 | -€13,383 | -37.4% |
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 7 October 2026 via checked.be.