MPTR: 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.
MPTR
Largest movements
- Cash +€27,832
up €27,832 (+84.4%), from €32,968 to €60,801
mainly Other debts (+€105,541) and Net result for the year (+€39,281)
- Tangible fixed assets -€25,535
down €25,535 (-16.5%), from €155,099 to €129,564
of which Leasing and similar rights: -€17,037
- Deferred charges and accrued income +€16,155
up €16,155 (+350%), from €4,616 to €20,772
- Receivables within one year -€13,933
down €13,933 (-30.6%), from €45,537 to €31,604
of which Trade receivables: -€11,552
- Other debts +€105,541
up €105,541 (+501%), from €21,052 to €126,593
- Reserves -€66,686
down €66,686 (-100%), from €66,686 to €0
- Debts after one year -€21,237
down €21,237 (-23.0%), from €92,324 to €71,087
- Trade debts -€7,838
down €7,838 (-55.5%), from €14,115 to €6,277
- Tax, wage and social debts -€5,796
down €5,796 (-44.6%), from €12,992 to €7,197
- Gross operating margin +€31,691
up €31,691 (+50.9%), from €62,250 to €93,941
- Depreciation +€23,039
up €23,039 (+190%), from €12,107 to €35,146
- Taxes +€3,464
up €3,464 (+50.8%), from €6,820 to €10,284
- Financial charges +€2,807
up €2,807 (+124%), from €2,260 to €5,067
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 | €238,356 | €242,876 | +€4,520 | +1.9% |
| Fixed assets | 21/28 | €155,234 | €129,699 | -€25,535 | -16.4% |
| Tangible fixed assets | 22/27 | €155,099 | €129,564 | -€25,535 | -16.5% |
| Furniture and vehicles | 24 | €22,050 | €16,631 | -€5,419 | -24.6% |
| Leasing and similar rights | 25 | €122,621 | €105,584 | -€17,037 | -13.9% |
| Other tangible fixed assets | 26 | €10,429 | €7,349 | -€3,079 | -29.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €83,121 | €113,176 | +€30,055 | +36.2% |
| Amounts receivable within one year | 40/41 | €45,537 | €31,604 | -€13,933 | -30.6% |
| Trade receivables | 40 | €42,720 | €31,168 | -€11,552 | -27.0% |
| Other amounts receivable | 41 | €2,817 | €436 | -€2,381 | -84.5% |
| Cash at bank and in hand | 54/58 | €32,968 | €60,801 | +€27,832 | +84.4% |
| Deferred charges and accrued income | 490/1 | €4,616 | €20,772 | +€16,155 | +350% |
| Total equity and liabilities | 10/49 | €238,356 | €242,876 | +€4,520 | +1.9% |
| Equity | 10/15 | €76,686 | €10,000 | -€66,686 | -87.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €66,686 | €0 | -€66,686 | -100% |
| Distributable reserves | 133 | €66,686 | €0 | -€66,686 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €161,670 | €232,876 | +€71,206 | +44.0% |
| Amounts payable after more than one year | 17 | €92,324 | €71,087 | -€21,237 | -23.0% |
| Financial debts | 170/4 | €92,324 | €71,087 | -€21,237 | -23.0% |
| Amounts payable within one year | 42/48 | €68,707 | €161,304 | +€92,597 | +135% |
| Current portion of amounts payable after more than one year | 42 | €20,547 | €21,237 | +€690 | +3.4% |
| Trade debts | 44 | €14,115 | €6,277 | -€7,838 | -55.5% |
| Suppliers | 440/4 | €14,115 | €6,277 | -€7,838 | -55.5% |
| Taxes, remuneration and social security | 45 | €12,992 | €7,197 | -€5,796 | -44.6% |
| Taxes | 450/3 | €12,992 | €7,197 | -€5,796 | -44.6% |
| Other amounts payable | 47/48 | €21,052 | €126,593 | +€105,541 | +501% |
| Accrued charges and deferred income | 492/3 | €639 | €485 | -€154 | -24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,107 | €35,146 | +€23,039 | +190% |
| Other operating charges | 640/8 | €4,478 | €4,163 | -€314 | -7.0% |
| Gross operating margin | 9900 | €62,250 | €93,941 | +€31,691 | +50.9% |
| Operating profit (loss) | 9901 | €45,665 | €54,632 | +€8,966 | +19.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,260 | €5,067 | +€2,807 | +124% |
| Recurring financial charges | 65 | €2,260 | €5,067 | +€2,807 | +124% |
| Profit (loss) for the period before taxes | 9903 | €43,405 | €49,565 | +€6,160 | +14.2% |
| Income taxes | 67/77 | €6,820 | €10,284 | +€3,464 | +50.8% |
| Profit (loss) for the period | 9904 | €36,585 | €39,281 | +€2,696 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,585 | €39,281 | +€2,696 | +7.4% |
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.