MPROVE: 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.
MPROVE
Largest movements
- Cash +€9,052
up €9,052 (+9.5%), from €95,384 to €104,436
mainly Net result for the year (+€33,451) and Depreciation (+€27,428)
- Intangible fixed assets -€8,000
down €8,000 (-13.6%), from €58,630 to €50,630
- Tangible fixed assets -€4,241
down €4,241 (-6.9%), from €61,803 to €57,562
of which Furniture and vehicles: -€9,135
- Tax, wage and social debts -€36,702
down €36,702 (-91.3%), from €40,192 to €3,490
- Reserves +€33,451
up €33,451 (+37.6%), from €89,069 to €122,520
- Trade debts +€9,064
up €9,064 (+109.0%), from €8,318 to €17,382
- Current portion of long-term debt -€5,297
no longer reported in 2025 (was €5,297)
- Gross operating margin +€4,293
up €4,293 (+5.4%), from €80,207 to €84,500
- Other operating charges +€3,290
up €3,290 (+280.0%), from €1,175 to €4,465
- Depreciation +€1,812
up €1,812 (+7.1%), from €25,616 to €27,428
- Financial charges +€1,654
up €1,654 (+51.9%), from €3,188 to €4,842
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 | €241,874 | €239,885 | -€1,989 | -0.8% |
| Fixed assets | 21/28 | €120,433 | €108,192 | -€12,241 | -10.2% |
| Intangible fixed assets | 21 | €58,630 | €50,630 | -€8,000 | -13.6% |
| Tangible fixed assets | 22/27 | €61,803 | €57,562 | -€4,241 | -6.9% |
| Plant, machinery and equipment | 23 | €19,122 | €13,943 | -€5,179 | -27.1% |
| Furniture and vehicles | 24 | €37,510 | €28,375 | -€9,135 | -24.4% |
| Other tangible fixed assets | 26 | €5,171 | €15,244 | +€10,073 | +194.8% |
| Current assets | 29/58 | €121,441 | €131,693 | +€10,252 | +8.4% |
| Amounts receivable within one year | 40/41 | €23,941 | €25,051 | +€1,110 | +4.6% |
| Trade receivables | 40 | €23,941 | €24,365 | +€424 | +1.8% |
| Other amounts receivable | 41 | - | €686 | +€686 | |
| Cash at bank and in hand | 54/58 | €95,384 | €104,436 | +€9,052 | +9.5% |
| Deferred charges and accrued income | 490/1 | €2,116 | €2,206 | +€90 | +4.3% |
| Total equity and liabilities | 10/49 | €241,874 | €239,885 | -€1,989 | -0.8% |
| Equity | 10/15 | €94,069 | €127,520 | +€33,451 | +35.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,069 | €122,520 | +€33,451 | +37.6% |
| Distributable reserves | 133 | €89,069 | €122,520 | +€33,451 | +37.6% |
| Amounts payable | 17/49 | €147,805 | €112,365 | -€35,440 | -24.0% |
| Amounts payable after more than one year | 17 | €58,000 | €58,000 | = | 0.0% |
| Financial debts | 170/4 | €58,000 | €58,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €89,666 | €54,365 | -€35,301 | -39.4% |
| Current portion of amounts payable after more than one year | 42 | €5,297 | - | -€5,297 | |
| Trade debts | 44 | €8,318 | €17,382 | +€9,064 | +109.0% |
| Suppliers | 440/4 | €8,318 | €17,382 | +€9,064 | +109.0% |
| Taxes, remuneration and social security | 45 | €40,192 | €3,490 | -€36,702 | -91.3% |
| Taxes | 450/3 | €40,192 | €3,490 | -€36,702 | -91.3% |
| Other amounts payable | 47/48 | €35,859 | €33,493 | -€2,366 | -6.6% |
| Accrued charges and deferred income | 492/3 | €139 | - | -€139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,616 | €27,428 | +€1,812 | +7.1% |
| Other operating charges | 640/8 | €1,175 | €4,465 | +€3,290 | +280.0% |
| Gross operating margin | 9900 | €80,207 | €84,500 | +€4,293 | +5.4% |
| Operating profit (loss) | 9901 | €53,416 | €52,607 | -€809 | -1.5% |
| Financial charges | 65/66B | €3,188 | €4,842 | +€1,654 | +51.9% |
| Recurring financial charges | 65 | €3,188 | €4,842 | +€1,654 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €50,228 | €47,765 | -€2,463 | -4.9% |
| Income taxes | 67/77 | €14,973 | €14,314 | -€659 | -4.4% |
| Profit (loss) for the period | 9904 | €35,255 | €33,451 | -€1,804 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,255 | €33,451 | -€1,804 | -5.1% |
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 30 September 2026 via checked.be.