MPS-FRUPA: 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.
MPS-FRUPA
Largest movements
- Stocks and contracts +€72,000
up €72,000 (+160%), from €45,000 to €117,000
- Tangible fixed assets -€64,408
down €64,408 (-47.9%), from €134,369 to €69,961
of which Other tangible fixed assets: -€55,000
- Current investments -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Cash +€23,062
up €23,062 (+59.6%), from €38,719 to €61,781
mainly Investment in fixed assets (net) (+€62,219) and Current investments (+€50,000)
- Financial fixed assets -€9,883
down €9,883 (-57.8%), from €17,094 to €7,211
- Profit (loss) carried forward -€21,403
down €21,403 (-45.4%), from -€47,189 to -€68,592
- Trade debts -€7,684
down €7,684 (-30.6%), from €25,121 to €17,437
- Gross operating margin +€43,761
up €43,761 (+2,093%), from €2,091 to €45,852
- Financial income +€1,462
up €1,462 (+175%), from €837 to €2,299
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 | €341,788 | €312,949 | -€28,839 | -8.4% |
| Fixed assets | 21/28 | €151,463 | €77,172 | -€74,290 | -49.0% |
| Tangible fixed assets | 22/27 | €134,369 | €69,961 | -€64,408 | -47.9% |
| Land and buildings | 22 | €72,518 | €65,030 | -€7,489 | -10.3% |
| Plant, machinery and equipment | 23 | €1,250 | €2,131 | +€881 | +70.5% |
| Furniture and vehicles | 24 | €5,600 | €2,800 | -€2,800 | -50.0% |
| Other tangible fixed assets | 26 | €55,000 | €0 | -€55,000 | -100% |
| Financial fixed assets | 28 | €17,094 | €7,211 | -€9,883 | -57.8% |
| Current assets | 29/58 | €190,325 | €235,777 | +€45,452 | +23.9% |
| Stocks and contracts in progress | 3 | €45,000 | €117,000 | +€72,000 | +160% |
| Stocks | 30/36 | €45,000 | €117,000 | +€72,000 | +160% |
| Amounts receivable within one year | 40/41 | €6,606 | €6,996 | +€390 | +5.9% |
| Other amounts receivable | 41 | €6,606 | €6,996 | +€390 | +5.9% |
| Current investments | 50/53 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €38,719 | €61,781 | +€23,062 | +59.6% |
| Total equity and liabilities | 10/49 | €341,788 | €312,949 | -€28,839 | -8.4% |
| Equity | 10/15 | €310,811 | €289,408 | -€21,403 | -6.9% |
| Contributions | 10/11 | €356,000 | €356,000 | = | 0.0% |
| Capital | 10 | - | €356,000 | +€356,000 | |
| Issued capital | 100 | - | €356,000 | +€356,000 | |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,189 | -€68,592 | -€21,403 | -45.4% |
| Amounts payable | 17/49 | €30,976 | €23,541 | -€7,435 | -24.0% |
| Amounts payable within one year | 42/48 | €30,976 | €23,541 | -€7,435 | -24.0% |
| Trade debts | 44 | €25,121 | €17,437 | -€7,684 | -30.6% |
| Suppliers | 440/4 | €25,121 | €17,437 | -€7,684 | -30.6% |
| Other amounts payable | 47/48 | €5,855 | €6,104 | +€249 | +4.2% |
| Remuneration, social security and pensions | 62 | €276 | €454 | +€178 | +64.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,639 | €12,072 | +€433 | +3.7% |
| Other operating charges | 640/8 | €1,746 | €1,984 | +€238 | +13.7% |
| Non-recurring operating charges | 66A | - | €55,000 | +€55,000 | |
| Gross operating margin | 9900 | €2,091 | €45,852 | +€43,761 | +2,093% |
| Operating profit (loss) | 9901 | -€11,570 | -€23,658 | -€12,088 | -104% |
| Financial income | 75/76B | €837 | €2,299 | +€1,462 | +175% |
| Recurring financial income | 75 | €837 | €2,299 | +€1,462 | +175% |
| Financial charges | 65/66B | €62 | €45 | -€17 | -27.8% |
| Recurring financial charges | 65 | €62 | €45 | -€17 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,795 | -€21,403 | -€10,608 | -98.3% |
| Profit (loss) for the period | 9904 | -€10,795 | -€21,403 | -€10,608 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,795 | -€21,403 | -€10,608 | -98.3% |
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 16 October 2026 via checked.be.