MPRA: 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.
MPRA
Largest movements
- Receivables within one year +€182,022
up €182,022 (+129.1%), from €141,041 to €323,064
of which Trade receivables: +€160,749
- Stocks and contracts -€149,259
down €149,259 (-5.9%), from €2.5m to €2.4m
of which Stocks: -€219,192
- Tangible fixed assets -€54,054
down €54,054 (-52.7%), from €102,522 to €48,468
of which Plant, machinery and equipment: -€55,988
- Intangible fixed assets -€49,949
down €49,949 (-25.3%), from €197,790 to €147,842
- Trade debts -€446,808
down €446,808 (-53.1%), from €841,445 to €394,638
- Profit (loss) carried forward +€392,782
up €392,782 (+43.7%), from -€899,034 to -€506,252
- Current portion of long-term debt -€223,408
down €223,408 (-71.8%), from €311,283 to €87,875
- Tax, wage and social debts +€198,727
up €198,727 (+403.2%), from €49,291 to €248,018
of which Taxes: +€105,365
- Debts after one year +€32,440
up €32,440 (+5.9%), from €545,267 to €577,707
- Gross operating margin +€348,223
up €348,223 (+29.7%), from €1.2m to €1.5m
- Staff costs -€146,270
down €146,270 (-14.0%), from €1.0m to €896,894
- Financial charges -€39,980
down €39,980 (-29.1%), from €137,493 to €97,513
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 | €3,085,108 | €2,990,171 | -€94,937 | -3.1% |
| Fixed assets | 21/28 | €329,927 | €225,923 | -€104,003 | -31.5% |
| Intangible fixed assets | 21 | €197,790 | €147,842 | -€49,949 | -25.3% |
| Tangible fixed assets | 22/27 | €102,522 | €48,468 | -€54,054 | -52.7% |
| Plant, machinery and equipment | 23 | €87,997 | €32,008 | -€55,988 | -63.6% |
| Furniture and vehicles | 24 | €14,526 | €16,459 | +€1,934 | +13.3% |
| Financial fixed assets | 28 | €29,614 | €29,614 | = | 0.0% |
| Current assets | 29/58 | €2,755,181 | €2,764,248 | +€9,067 | +0.3% |
| Stocks and contracts in progress | 3 | €2,539,161 | €2,389,902 | -€149,259 | -5.9% |
| Stocks | 30/36 | €1,359,744 | €1,140,552 | -€219,192 | -16.1% |
| Contracts in progress | 37 | €1,179,417 | €1,249,350 | +€69,933 | +5.9% |
| Amounts receivable within one year | 40/41 | €141,041 | €323,064 | +€182,022 | +129.1% |
| Trade receivables | 40 | €125,031 | €285,781 | +€160,749 | +128.6% |
| Other amounts receivable | 41 | €16,010 | €37,283 | +€21,273 | +132.9% |
| Cash at bank and in hand | 54/58 | €3,470 | €5,781 | +€2,311 | +66.6% |
| Deferred charges and accrued income | 490/1 | €71,509 | €45,501 | -€26,008 | -36.4% |
| Total equity and liabilities | 10/49 | €3,085,108 | €2,990,171 | -€94,937 | -3.1% |
| Equity | 10/15 | €966 | €393,748 | +€392,782 | +40662.3% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Capital | 10 | €900,000 | €900,000 | = | 0.0% |
| Issued capital | 100 | €900,000 | €900,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€899,034 | -€506,252 | +€392,782 | +43.7% |
| Amounts payable | 17/49 | €3,084,142 | €2,596,423 | -€487,718 | -15.8% |
| Amounts payable after more than one year | 17 | €545,267 | €577,707 | +€32,440 | +5.9% |
| Financial debts | 170/4 | €545,267 | €577,707 | +€32,440 | +5.9% |
| Amounts payable within one year | 42/48 | €2,522,985 | €2,018,717 | -€504,268 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €311,283 | €87,875 | -€223,408 | -71.8% |
| Financial debts | 43 | €1,284,721 | €1,252,541 | -€32,180 | -2.5% |
| Credit institutions | 430/8 | €1,284,721 | €1,252,541 | -€32,180 | -2.5% |
| Trade debts | 44 | €841,445 | €394,638 | -€446,808 | -53.1% |
| Suppliers | 440/4 | €841,445 | €394,638 | -€446,808 | -53.1% |
| Taxes, remuneration and social security | 45 | €49,291 | €248,018 | +€198,727 | +403.2% |
| Taxes | 450/3 | €17,106 | €122,471 | +€105,365 | +616.0% |
| Remuneration and social security | 454/9 | €32,185 | €125,547 | +€93,361 | +290.1% |
| Other amounts payable | 47/48 | €36,244 | €35,645 | -€600 | -1.7% |
| Accrued charges and deferred income | 492/3 | €15,890 | €0 | -€15,890 | -100.0% |
| Non-recurring operating income | 76A | - | €1,100,743 | +€1.1m | |
| Remuneration, social security and pensions | 62 | €1,043,164 | €896,894 | -€146,270 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,575 | €114,919 | +€344 | +0.3% |
| Other operating charges | 640/8 | €14,731 | €22,916 | +€8,185 | +55.6% |
| Gross operating margin | 9900 | €1,170,620 | €1,518,843 | +€348,223 | +29.7% |
| Operating profit (loss) | 9901 | -€1,851 | €484,114 | +€485,965 | |
| Financial income | 75/76B | €14,629 | €6,758 | -€7,871 | -53.8% |
| Recurring financial income | 75 | €14,629 | €6,758 | -€7,871 | -53.8% |
| Financial charges | 65/66B | €137,493 | €97,513 | -€39,980 | -29.1% |
| Recurring financial charges | 65 | €137,493 | €97,513 | -€39,980 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€124,715 | €393,359 | +€518,074 | |
| Income taxes | 67/77 | €667 | €577 | -€90 | -13.5% |
| Profit (loss) for the period | 9904 | -€125,382 | €392,782 | +€518,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,382 | €392,782 | +€518,164 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.