Mproject: 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.
Mproject
Largest movements
- Cash +€74,988
up €74,988 (+117%), from €63,950 to €138,938
mainly Other debts (+€51,091) and Net result for the year (+€41,471)
- Receivables within one year -€18,995
down €18,995 (-57.8%), from €32,838 to €13,843
of which Trade receivables: -€12,913
- Tangible fixed assets -€12,212
down €12,212 (-24.6%), from €49,607 to €37,395
of which Furniture and vehicles: -€13,958
- Other debts +€51,091
up €51,091 (+34,591%), from €148 to €51,239
- Debts after one year -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€41,471
up €41,471 (+60.3%), from €68,791 to €110,262
- Gross operating margin +€34,894
up €34,894 (+45.4%), from €76,855 to €111,749
- Taxes +€5,604
up €5,604 (+84.6%), from €6,623 to €12,226
- Staff costs +€3,061
up €3,061 (+9.5%), from €32,096 to €35,157
- Financial charges +€2,270
up €2,270 (+101%), from €2,245 to €4,515
- Depreciation +€1,648
up €1,648 (+10.7%), from €15,464 to €17,112
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 | €146,396 | €191,597 | +€45,201 | +30.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €49,607 | €37,395 | -€12,212 | -24.6% |
| Tangible fixed assets | 22/27 | €49,607 | €37,395 | -€12,212 | -24.6% |
| Plant, machinery and equipment | 23 | €9,565 | €11,310 | +€1,745 | +18.2% |
| Furniture and vehicles | 24 | €40,042 | €26,084 | -€13,958 | -34.9% |
| Current assets | 29/58 | €96,789 | €154,202 | +€57,413 | +59.3% |
| Amounts receivable within one year | 40/41 | €32,838 | €13,843 | -€18,995 | -57.8% |
| Trade receivables | 40 | €20,221 | €7,308 | -€12,913 | -63.9% |
| Other amounts receivable | 41 | €12,618 | €6,535 | -€6,083 | -48.2% |
| Cash at bank and in hand | 54/58 | €63,950 | €138,938 | +€74,988 | +117% |
| Deferred charges and accrued income | 490/1 | - | €1,421 | +€1,421 | |
| Total equity and liabilities | 10/49 | €146,396 | €191,597 | +€45,201 | +30.9% |
| Equity | 10/15 | €88,791 | €130,262 | +€41,471 | +46.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €68,791 | €110,262 | +€41,471 | +60.3% |
| Distributable reserves | 133 | €68,791 | €110,262 | +€41,471 | +60.3% |
| Amounts payable | 17/49 | €57,605 | €61,335 | +€3,730 | +6.5% |
| Amounts payable after more than one year | 17 | €50,000 | - | -€50,000 | |
| Financial debts | 170/4 | €50,000 | - | -€50,000 | |
| Amounts payable within one year | 42/48 | €7,605 | €61,335 | +€53,730 | +707% |
| Trade debts | 44 | €1,138 | €2,173 | +€1,035 | +91.0% |
| Suppliers | 440/4 | €1,138 | €2,173 | +€1,035 | +91.0% |
| Taxes, remuneration and social security | 45 | €6,319 | €7,923 | +€1,604 | +25.4% |
| Taxes | 450/3 | €0 | €1,131 | +€1,131 | |
| Remuneration and social security | 454/9 | €6,319 | €6,792 | +€473 | +7.5% |
| Other amounts payable | 47/48 | €148 | €51,239 | +€51,091 | +34,591% |
| Remuneration, social security and pensions | 62 | €32,096 | €35,157 | +€3,061 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,464 | €17,112 | +€1,648 | +10.7% |
| Other operating charges | 640/8 | €1,010 | €1,357 | +€347 | +34.4% |
| Gross operating margin | 9900 | €76,855 | €111,749 | +€34,894 | +45.4% |
| Operating profit (loss) | 9901 | €28,284 | €58,123 | +€29,839 | +105% |
| Financial income | 75/76B | - | €89 | +€89 | |
| Recurring financial income | 75 | - | €89 | +€89 | |
| Financial charges | 65/66B | €2,245 | €4,515 | +€2,270 | +101% |
| Recurring financial charges | 65 | €2,245 | €4,515 | +€2,270 | +101% |
| Profit (loss) for the period before taxes | 9903 | €26,040 | €53,697 | +€27,657 | +106% |
| Income taxes | 67/77 | €6,623 | €12,226 | +€5,604 | +84.6% |
| Profit (loss) for the period | 9904 | €19,417 | €41,471 | +€22,054 | +114% |
| Profit (loss) for the period to be appropriated | 9905 | €19,417 | €41,471 | +€22,054 | +114% |
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 15 October 2026 via checked.be.