MPR Dr Den Brave: 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.
MPR Dr Den Brave
Largest movements
- Current investments -€55,919
down €55,919 (-63.5%), from €88,000 to €32,081
- Tangible fixed assets +€38,338
up €38,338 (+129%), from €29,607 to €67,944
- Receivables within one year -€26,304
down €26,304 (-96.0%), from €27,387 to €1,083
- Cash +€16,138
up €16,138 (+44.6%), from €36,211 to €52,349
mainly Net result for the year (+€73,507) and Current investments (+€55,919)
- Profit (loss) carried forward -€61,717
down €61,717 (-45.6%), from €135,225 to €73,507
- Debts after one year +€19,969
up €19,969 (+100%), from €19,910 to €39,879
- Other debts +€7,066
up €7,066, from €0 to €7,066
- Current portion of long-term debt +€6,956
up €6,956 (+74.1%), from €9,385 to €16,342
- Gross operating margin +€10,330
up €10,330 (+11.7%), from €88,097 to €98,427
- Depreciation -€5,899
down €5,899 (-56.6%), from €10,419 to €4,520
- Taxes +€3,868
up €3,868 (+25.1%), from €15,422 to €19,289
- Financial income +€1,265
up €1,265 (+2,314%), from €55 to €1,320
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.
Derived cash bridge
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 | €183,175 | €155,181 | -€27,994 | -15.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €29,607 | €67,944 | +€38,338 | +129% |
| Tangible fixed assets | 22/27 | €29,607 | €67,944 | +€38,338 | +129% |
| Furniture and vehicles | 24 | €29,607 | €67,944 | +€38,338 | +129% |
| Current assets | 29/58 | €153,569 | €87,237 | -€66,332 | -43.2% |
| Amounts receivable within one year | 40/41 | €27,387 | €1,083 | -€26,304 | -96.0% |
| Other amounts receivable | 41 | €27,387 | €1,083 | -€26,304 | -96.0% |
| Current investments | 50/53 | €88,000 | €32,081 | -€55,919 | -63.5% |
| Cash at bank and in hand | 54/58 | €36,211 | €52,349 | +€16,138 | +44.6% |
| Deferred charges and accrued income | 490/1 | €1,971 | €1,725 | -€247 | -12.5% |
| Total equity and liabilities | 10/49 | €183,175 | €155,181 | -€27,994 | -15.3% |
| Equity | 10/15 | €136,725 | €75,007 | -€61,717 | -45.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,225 | €73,507 | -€61,717 | -45.6% |
| Amounts payable | 17/49 | €46,451 | €80,174 | +€33,723 | +72.6% |
| Amounts payable after more than one year | 17 | €19,910 | €39,879 | +€19,969 | +100% |
| Financial debts | 170/4 | €19,910 | €39,879 | +€19,969 | +100% |
| Amounts payable within one year | 42/48 | €26,541 | €40,294 | +€13,754 | +51.8% |
| Current portion of amounts payable after more than one year | 42 | €9,385 | €16,342 | +€6,956 | +74.1% |
| Trade debts | 44 | €1,734 | €1,465 | -€269 | -15.5% |
| Suppliers | 440/4 | €1,734 | €1,465 | -€269 | -15.5% |
| Taxes, remuneration and social security | 45 | €15,422 | €15,422 | = | 0.0% |
| Taxes | 450/3 | €15,422 | €15,422 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €7,066 | +€7,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,419 | €4,520 | -€5,899 | -56.6% |
| Other operating charges | 640/8 | €340 | €383 | +€43 | +12.7% |
| Gross operating margin | 9900 | €88,097 | €98,427 | +€10,330 | +11.7% |
| Operating profit (loss) | 9901 | €77,339 | €93,524 | +€16,185 | +20.9% |
| Financial income | 75/76B | €55 | €1,320 | +€1,265 | +2,314% |
| Recurring financial income | 75 | €55 | €1,320 | +€1,265 | +2,314% |
| Financial charges | 65/66B | €1,387 | €2,047 | +€660 | +47.6% |
| Recurring financial charges | 65 | €1,387 | €2,047 | +€660 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €76,006 | €92,797 | +€16,790 | +22.1% |
| Income taxes | 67/77 | €15,422 | €19,289 | +€3,868 | +25.1% |
| Profit (loss) for the period | 9904 | €60,585 | €73,507 | +€12,923 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,585 | €73,507 | +€12,923 | +21.3% |
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 27 October 2026 via checked.be.