MPPEV: 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.
MPPEV
Largest movements
- Tangible fixed assets -€20,996
down €20,996 (-11.3%), from €186,541 to €165,545
- Cash -€13,014
down €13,014 (-19.4%), from €67,240 to €54,226
mainly Other debts (-€31,500) and Tax, wage and social debts (-€24,679)
- Reserves +€195,000
up €195,000 (+4401.5%), from €4,430 to €199,430
of which Distributable reserves: +€195,000
- Profit (loss) carried forward -€164,465
down €164,465 (-97.1%), from €169,407 to €4,943
- Other debts -€31,500
no longer reported in 2025 (was €31,500)
- Tax, wage and social debts -€24,679
no longer reported in 2025 (was €24,679)
- Debts after one year -€4,974
down €4,974 (-31.0%), from €16,033 to €11,059
- Gross operating margin -€1,867
down €1,867 (-2.2%), from €86,683 to €84,816
- Depreciation +€1,283
up €1,283 (+3.9%), from €32,546 to €33,829
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 | €253,781 | €220,406 | -€33,375 | -13.2% |
| Fixed assets | 21/28 | €186,541 | €165,545 | -€20,996 | -11.3% |
| Tangible fixed assets | 22/27 | €186,541 | €165,545 | -€20,996 | -11.3% |
| Land and buildings | 22 | €186,541 | €165,545 | -€20,996 | -11.3% |
| Current assets | 29/58 | €67,240 | €54,861 | -€12,378 | -18.4% |
| Amounts receivable within one year | 40/41 | - | €635 | +€635 | |
| Trade receivables | 40 | - | €635 | +€635 | |
| Cash at bank and in hand | 54/58 | €67,240 | €54,226 | -€13,014 | -19.4% |
| Total equity and liabilities | 10/49 | €253,781 | €220,406 | -€33,375 | -13.2% |
| Equity | 10/15 | €173,838 | €204,373 | +€30,535 | +17.6% |
| Reserves | 13 | €4,430 | €199,430 | +€195,000 | +4401.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,570 | €2,570 | = | 0.0% |
| Distributable reserves | 133 | - | €195,000 | +€195,000 | |
| Profit (loss) carried forward | 14 | €169,407 | €4,943 | -€164,465 | -97.1% |
| Amounts payable | 17/49 | €79,943 | €16,033 | -€63,910 | -79.9% |
| Amounts payable after more than one year | 17 | €16,033 | €11,059 | -€4,974 | -31.0% |
| Financial debts | 170/4 | €16,033 | €11,059 | -€4,974 | -31.0% |
| Amounts payable within one year | 42/48 | €63,910 | €4,974 | -€58,936 | -92.2% |
| Current portion of amounts payable after more than one year | 42 | €6,665 | €4,974 | -€1,692 | -25.4% |
| Trade debts | 44 | €1,065 | - | -€1,065 | |
| Suppliers | 440/4 | €1,065 | - | -€1,065 | |
| Taxes, remuneration and social security | 45 | €24,679 | - | -€24,679 | |
| Taxes | 450/3 | €24,679 | - | -€24,679 | |
| Other amounts payable | 47/48 | €31,500 | - | -€31,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,546 | €33,829 | +€1,283 | +3.9% |
| Other operating charges | 640/8 | €8,991 | €9,045 | +€54 | +0.6% |
| Gross operating margin | 9900 | €86,683 | €84,816 | -€1,867 | -2.2% |
| Operating profit (loss) | 9901 | €45,147 | €41,942 | -€3,204 | -7.1% |
| Financial charges | 65/66B | €1,090 | €807 | -€283 | -26.0% |
| Recurring financial charges | 65 | €1,060 | €805 | -€255 | -24.1% |
| Non-recurring financial charges | 66B | €30 | €2 | -€28 | -93.9% |
| Profit (loss) for the period before taxes | 9903 | €44,057 | €41,136 | -€2,921 | -6.6% |
| Income taxes | 67/77 | €11,179 | €10,600 | -€579 | -5.2% |
| Profit (loss) for the period | 9904 | €32,878 | €30,535 | -€2,342 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,878 | €30,535 | -€2,342 | -7.1% |
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 12 October 2026 via checked.be.