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MPR MR: 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.

What changed

MPR MR

BE 1004.652.556
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€34,252
2024 · €38,508-€4,256
Equity
€74,068
2024 · €40,649+€33,419
Cash
€19,735
2024 · €4,039+€15,696
Balance sheet total
€121,877
2024 · €60,933+€60,944

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€43,650

    up €43,650 (+76.7%), from €56,894 to €100,544

  • Cash +€15,696

    up €15,696 (+388.6%), from €4,039 to €19,735

    mainly Net result for the year (+€34,252) and Other debts (+€18,102)

  • Deferred charges and accrued income +€1,598

    new in 2025: €1,598

Equity and liabilities
  • Profit (loss) carried forward +€33,419

    up €33,419 (+88.8%), from €37,649 to €71,068

  • Other debts +€18,102

    up €18,102 (+225.5%), from €8,029 to €26,131

  • Tax, wage and social debts +€9,297

    up €9,297 (+89.5%), from €10,388 to €19,686

Income statement
  • Financial charges +€34,402

    up €34,402 (+2104.0%), from €1,635 to €36,037

  • Gross operating margin +€28,890

    up €28,890 (+56.9%), from €50,754 to €79,643

  • Taxes -€1,091

    down €1,091 (-10.5%), from €10,388 to €9,297

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €38,508
Gross operating margin +€28,890
Other operating charges +€163
Financial income +€3
Financial charges -€34,402
Taxes +€1,091
Result 2025 €34,252

Cash bridge derived

cash 2024 to 2025

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.

From operations +€16,529
Investment €0
Financing -€833
Cash 2024 €4,039
Net result for the year +€34,252
Receivables within one year -€43,650
Deferred charges and accrued income -€1,598
Trade debts +€125
Tax, wage and social debts +€9,297
Other debts +€18,102
Contributions, distributions and other -€833
Cash 2025 €19,735
Every line side by side 28 lines
Line Code 2024 2025 Change %
Total assets 20/58 €60,933 €121,877 +€60,944 +100.0%
Current assets 29/58 €60,933 €121,877 +€60,944 +100.0%
Amounts receivable within one year 40/41 €56,894 €100,544 +€43,650 +76.7%
Trade receivables 40 €56,894 €100,544 +€43,650 +76.7%
Cash at bank and in hand 54/58 €4,039 €19,735 +€15,696 +388.6%
Deferred charges and accrued income 490/1 - €1,598 +€1,598
Total equity and liabilities 10/49 €60,933 €121,877 +€60,944 +100.0%
Equity 10/15 €40,649 €74,068 +€33,419 +82.2%
Contributions 10/11 €3,000 €3,000 = 0.0%
Profit (loss) carried forward 14 €37,649 €71,068 +€33,419 +88.8%
Amounts payable 17/49 €20,284 €47,809 +€27,525 +135.7%
Amounts payable within one year 42/48 €20,284 €47,809 +€27,525 +135.7%
Trade debts 44 €1,867 €1,992 +€125 +6.7%
Suppliers 440/4 €1,867 €1,992 +€125 +6.7%
Taxes, remuneration and social security 45 €10,388 €19,686 +€9,297 +89.5%
Taxes 450/3 €10,388 €19,686 +€9,297 +89.5%
Other amounts payable 47/48 €8,029 €26,131 +€18,102 +225.5%
Other operating charges 640/8 €222 €59 -€163 -73.4%
Gross operating margin 9900 €50,754 €79,643 +€28,890 +56.9%
Operating profit (loss) 9901 €50,531 €79,584 +€29,053 +57.5%
Financial income 75/76B - €3 +€3
Recurring financial income 75 - €3 +€3
Financial charges 65/66B €1,635 €36,037 +€34,402 +2104.0%
Recurring financial charges 65 €1,635 €36,037 +€34,402 +2104.0%
Profit (loss) for the period before taxes 9903 €48,896 €43,550 -€5,347 -10.9%
Income taxes 67/77 €10,388 €9,297 -€1,091 -10.5%
Profit (loss) for the period 9904 €38,508 €34,252 -€4,256 -11.1%
Profit (loss) for the period to be appropriated 9905 €38,508 €34,252 -€4,256 -11.1%

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 4 October 2026 via checked.be.