MPOWR: 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.
MPOWR
Largest movements
- Cash +€137,357
up €137,357 (+163.5%), from €84,013 to €221,369
mainly Net result for the year (+€117,173) and Tax, wage and social debts (+€29,121)
- Receivables within one year +€11,404
up €11,404 (+38.1%), from €29,948 to €41,351
of which Trade receivables: +€11,325
- Reserves +€117,173
up €117,173 (+134.5%), from €87,105 to €204,278
- Tax, wage and social debts +€29,121
up €29,121 (+86.8%), from €33,548 to €62,669
- Gross operating margin +€69,526
up €69,526 (+83.7%), from €83,089 to €152,615
- Taxes +€16,687
up €16,687 (+96.1%), from €17,356 to €34,043
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 | €130,418 | €278,842 | +€148,423 | +113.8% |
| Current assets | 29/58 | €130,418 | €278,842 | +€148,423 | +113.8% |
| Amounts receivable within one year | 40/41 | €29,948 | €41,351 | +€11,404 | +38.1% |
| Trade receivables | 40 | €29,948 | €41,272 | +€11,325 | +37.8% |
| Other amounts receivable | 41 | - | €79 | +€79 | |
| Cash at bank and in hand | 54/58 | €84,013 | €221,369 | +€137,357 | +163.5% |
| Deferred charges and accrued income | 490/1 | €16,458 | €16,121 | -€337 | -2.0% |
| Total equity and liabilities | 10/49 | €130,418 | €278,842 | +€148,423 | +113.8% |
| Equity | 10/15 | €95,105 | €212,278 | +€117,173 | +123.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €87,105 | €204,278 | +€117,173 | +134.5% |
| Distributable reserves | 133 | €87,105 | €204,278 | +€117,173 | +134.5% |
| Amounts payable | 17/49 | €35,313 | €66,564 | +€31,250 | +88.5% |
| Amounts payable within one year | 42/48 | €34,704 | €66,564 | +€31,860 | +91.8% |
| Trade debts | 44 | €1,156 | €3,895 | +€2,739 | +237.0% |
| Suppliers | 440/4 | €1,156 | €3,895 | +€2,739 | +237.0% |
| Taxes, remuneration and social security | 45 | €33,548 | €62,669 | +€29,121 | +86.8% |
| Taxes | 450/3 | €33,548 | €62,669 | +€29,121 | +86.8% |
| Accrued charges and deferred income | 492/3 | €609 | - | -€609 | |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €83,089 | €152,615 | +€69,526 | +83.7% |
| Operating profit (loss) | 9901 | €83,089 | €152,215 | +€69,126 | +83.2% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,194 | €1,004 | -€190 | -15.9% |
| Recurring financial charges | 65 | €1,194 | €1,004 | -€190 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €81,895 | €151,216 | +€69,321 | +84.6% |
| Income taxes | 67/77 | €17,356 | €34,043 | +€16,687 | +96.1% |
| Profit (loss) for the period | 9904 | €64,539 | €117,173 | +€52,634 | +81.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,539 | €117,173 | +€52,634 | +81.6% |
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 30 September 2026 via checked.be.