MPT KOUTER: 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.
MPT KOUTER
Largest movements
- Cash -€721,716
down €721,716 (-99.4%), from €725,719 to €4,003
mainly Debts after one year (-€6.8m) and Net result for the year (-€783,203)
- Stocks and contracts +€564,382
up €564,382 (+1.8%), from €31.7m to €32.3m
- Current portion of long-term debt +€7.3m
up €7.3m (+2762.4%), from €262,720 to €7.5m
- Debts after one year -€6.8m
down €6.8m (-44.1%), from €15.4m to €8.6m
of which Financial debts: -€7.0m
- Profit (loss) carried forward -€783,203
down €783,203 (-8.5%), from -€9.2m to -€10.0m
- Accrued charges and deferred income +€444,192
up €444,192 (+278.8%), from €159,311 to €603,503
- Financial charges +€653,701
up €653,701 (+636.3%), from €102,739 to €756,440
- Gross operating margin +€90,179
up €90,179 (+80.6%), from -€111,943 to -€21,764
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 | €37,309,486 | €37,170,467 | -€139,018 | -0.4% |
| Fixed assets | 21/28 | €4,048,269 | €4,048,269 | = | 0.0% |
| Financial fixed assets | 28 | €4,048,269 | €4,048,269 | = | 0.0% |
| Current assets | 29/58 | €33,261,217 | €33,122,198 | -€139,018 | -0.4% |
| Stocks and contracts in progress | 3 | €31,742,140 | €32,306,522 | +€564,382 | +1.8% |
| Contracts in progress | 37 | €31,742,140 | €32,306,522 | +€564,382 | +1.8% |
| Amounts receivable within one year | 40/41 | €793,357 | €811,673 | +€18,316 | +2.3% |
| Trade receivables | 40 | €93,024 | €93,024 | = | 0.0% |
| Other amounts receivable | 41 | €700,333 | €718,649 | +€18,316 | +2.6% |
| Cash at bank and in hand | 54/58 | €725,719 | €4,003 | -€721,716 | -99.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €37,309,486 | €37,170,467 | -€139,018 | -0.4% |
| Equity | 10/15 | -€6,577,810 | -€7,361,012 | -€783,203 | -11.9% |
| Contributions | 10/11 | €1,650,000 | €1,650,000 | = | 0.0% |
| Capital | 10 | €1,650,000 | €1,650,000 | = | 0.0% |
| Issued capital | 100 | €1,650,000 | €1,650,000 | = | 0.0% |
| Reserves | 13 | €1,004,939 | €1,004,939 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Legal reserve | 130 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €999,939 | €999,939 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,232,749 | -€10,015,952 | -€783,203 | -8.5% |
| Provisions and deferred taxes | 16 | €18,709 | €18,709 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €18,709 | €18,709 | = | 0.0% |
| Taxes | 161 | €18,709 | €18,709 | = | 0.0% |
| Amounts payable | 17/49 | €43,868,587 | €44,512,771 | +€644,184 | +1.5% |
| Amounts payable after more than one year | 17 | €15,367,210 | €8,584,751 | -€6.8m | -44.1% |
| Financial debts | 170/4 | €13,689,633 | €6,728,658 | -€7.0m | -50.8% |
| Trade debts | 175 | €1,440,870 | €1,361,045 | -€79,825 | -5.5% |
| Other amounts payable | 178/9 | €236,707 | €495,049 | +€258,343 | +109.1% |
| Amounts payable within one year | 42/48 | €28,342,066 | €35,324,517 | +€7.0m | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €262,720 | €7,520,083 | +€7.3m | +2762.4% |
| Financial debts | 43 | €89 | €0 | -€89 | -100.0% |
| Credit institutions | 430/8 | €89 | €0 | -€89 | -100.0% |
| Trade debts | 44 | €204,414 | €187,932 | -€16,481 | -8.1% |
| Suppliers | 440/4 | €204,414 | €187,932 | -€16,481 | -8.1% |
| Advances received on contracts in progress | 46 | €26,408,433 | €26,408,433 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,208,068 | €1,208,068 | = | 0.0% |
| Taxes | 450/3 | €1,208,068 | €1,208,068 | = | 0.0% |
| Other amounts payable | 47/48 | €258,343 | €0 | -€258,343 | -100.0% |
| Accrued charges and deferred income | 492/3 | €159,311 | €603,503 | +€444,192 | +278.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €15,895 | €4,000 | -€11,895 | -74.8% |
| Gross operating margin | 9900 | -€111,943 | -€21,764 | +€90,179 | +80.6% |
| Operating profit (loss) | 9901 | -€128,805 | -€26,763 | +€102,043 | +79.2% |
| Financial charges | 65/66B | €102,739 | €756,440 | +€653,701 | +636.3% |
| Recurring financial charges | 65 | €102,739 | €756,440 | +€653,701 | +636.3% |
| Profit (loss) for the period before taxes | 9903 | -€231,544 | -€783,203 | -€551,659 | -238.3% |
| Profit (loss) for the period | 9904 | -€231,544 | -€783,203 | -€551,659 | -238.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€231,544 | -€783,203 | -€551,659 | -238.3% |
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 6 October 2026 via checked.be.