MpowerT: 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.
MpowerT
Largest movements
- Cash +€555,812
up €555,812 (+109.2%), from €509,071 to €1.1m
mainly Net result for the year (+€1.1m) and Other debts (+€720,000)
- Receivables within one year +€378,728
up €378,728 (+55.7%), from €679,367 to €1.1m
of which Trade receivables: +€367,986
- Other debts +€720,000
up €720,000 (+150.0%), from €480,000 to €1.2m
- Reserves +€139,514
up €139,514 (+136.3%), from €102,365 to €241,879
- Trade debts +€96,296
up €96,296 (+18.0%), from €536,105 to €632,400
- Tax, wage and social debts -€23,739
down €23,739 (-36.6%), from €64,892 to €41,153
- Gross operating margin +€726,984
up €726,984 (+168.0%), from €432,820 to €1.2m
- Taxes +€12,868
up €12,868 (+45.5%), from €28,285 to €41,153
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 | €1,213,961 | €2,146,032 | +€932,070 | +76.8% |
| Fixed assets | 21/28 | €24,212 | €20,738 | -€3,475 | -14.4% |
| Intangible fixed assets | 21 | €2,388 | €1,127 | -€1,261 | -52.8% |
| Tangible fixed assets | 22/27 | €21,824 | €19,611 | -€2,213 | -10.1% |
| Other tangible fixed assets | 26 | €21,824 | €19,611 | -€2,213 | -10.1% |
| Current assets | 29/58 | €1,189,749 | €2,125,294 | +€935,545 | +78.6% |
| Amounts receivable within one year | 40/41 | €679,367 | €1,058,095 | +€378,728 | +55.7% |
| Trade receivables | 40 | €679,367 | €1,047,354 | +€367,986 | +54.2% |
| Other amounts receivable | 41 | - | €10,741 | +€10,741 | |
| Cash at bank and in hand | 54/58 | €509,071 | €1,064,883 | +€555,812 | +109.2% |
| Deferred charges and accrued income | 490/1 | €1,311 | €2,316 | +€1,005 | +76.7% |
| Total equity and liabilities | 10/49 | €1,213,961 | €2,146,032 | +€932,070 | +76.8% |
| Equity | 10/15 | €132,965 | €272,479 | +€139,514 | +104.9% |
| Contributions | 10/11 | €30,600 | €30,600 | = | 0.0% |
| Reserves | 13 | €102,365 | €241,879 | +€139,514 | +136.3% |
| Distributable reserves | 133 | €102,365 | €241,879 | +€139,514 | +136.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,080,996 | €1,873,553 | +€792,557 | +73.3% |
| Amounts payable within one year | 42/48 | €1,080,996 | €1,873,553 | +€792,557 | +73.3% |
| Trade debts | 44 | €536,105 | €632,400 | +€96,296 | +18.0% |
| Suppliers | 440/4 | €536,105 | €632,400 | +€96,296 | +18.0% |
| Taxes, remuneration and social security | 45 | €64,892 | €41,153 | -€23,739 | -36.6% |
| Taxes | 450/3 | €64,892 | €41,153 | -€23,739 | -36.6% |
| Other amounts payable | 47/48 | €480,000 | €1,200,000 | +€720,000 | +150.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €3,475 | +€1,905 | +121.4% |
| Other operating charges | 640/8 | €394 | €236 | -€159 | -40.2% |
| Gross operating margin | 9900 | €432,820 | €1,159,804 | +€726,984 | +168.0% |
| Operating profit (loss) | 9901 | €430,856 | €1,156,094 | +€725,237 | +168.3% |
| Financial income | 75/76B | €345 | €344 | -€2 | -0.4% |
| Recurring financial income | 75 | €345 | €344 | -€2 | -0.4% |
| Financial charges | 65/66B | €552 | €771 | +€219 | +39.6% |
| Recurring financial charges | 65 | €552 | €771 | +€219 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €430,649 | €1,155,666 | +€725,017 | +168.4% |
| Income taxes | 67/77 | €28,285 | €41,153 | +€12,868 | +45.5% |
| Profit (loss) for the period | 9904 | €402,365 | €1,114,514 | +€712,149 | +177.0% |
| Profit (loss) for the period to be appropriated | 9905 | €402,365 | €1,114,514 | +€712,149 | +177.0% |
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.