MPX GROUP: 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.
MPX GROUP
Largest movements
- Cash +€46,021
up €46,021 (+54.0%), from €85,156 to €131,177
mainly Net result for the year (+€70,979) and Other debts (+€5,095)
- Receivables within one year +€31,209
up €31,209 (+6.6%), from €471,425 to €502,634
of which Trade receivables: +€30,000
- Reserves +€70,979
up €70,979 (+14.8%), from €480,062 to €551,040
- Gross operating margin +€23,312
up €23,312 (+37.9%), from €61,509 to €84,821
- Taxes +€8,352
up €8,352 (+45.0%), from €18,575 to €26,926
- Financial income +€2,550
up €2,550 (+21.3%), from €12,000 to €14,550
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 | €558,735 | €636,144 | +€77,410 | +13.9% |
| Fixed assets | 21/28 | €2,153 | €2,333 | +€180 | +8.4% |
| Tangible fixed assets | 22/27 | €2,153 | €2,333 | +€180 | +8.4% |
| Plant, machinery and equipment | 23 | €2,153 | €2,333 | +€180 | +8.4% |
| Current assets | 29/58 | €556,582 | €633,811 | +€77,230 | +13.9% |
| Amounts receivable within one year | 40/41 | €471,425 | €502,634 | +€31,209 | +6.6% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €471,425 | €472,634 | +€1,209 | +0.3% |
| Cash at bank and in hand | 54/58 | €85,156 | €131,177 | +€46,021 | +54.0% |
| Total equity and liabilities | 10/49 | €558,735 | €636,144 | +€77,410 | +13.9% |
| Equity | 10/15 | €498,662 | €569,640 | +€70,979 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €480,062 | €551,040 | +€70,979 | +14.8% |
| Distributable reserves | 133 | €480,062 | €551,040 | +€70,979 | +14.8% |
| Amounts payable | 17/49 | €60,073 | €66,504 | +€6,431 | +10.7% |
| Amounts payable within one year | 42/48 | €60,073 | €66,504 | +€6,431 | +10.7% |
| Trade debts | 44 | €3,072 | €823 | -€2,249 | -73.2% |
| Suppliers | 440/4 | €3,072 | €823 | -€2,249 | -73.2% |
| Taxes, remuneration and social security | 45 | €50,405 | €53,990 | +€3,585 | +7.1% |
| Taxes | 450/3 | €18,905 | €22,490 | +€3,585 | +19.0% |
| Remuneration and social security | 454/9 | €31,500 | €31,500 | = | 0.0% |
| Other amounts payable | 47/48 | €6,596 | €11,690 | +€5,095 | +77.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €1,063 | +€18 | +1.7% |
| Other operating charges | 640/8 | €251 | €254 | +€4 | +1.4% |
| Gross operating margin | 9900 | €61,509 | €84,821 | +€23,312 | +37.9% |
| Operating profit (loss) | 9901 | €60,214 | €83,504 | +€23,290 | +38.7% |
| Financial income | 75/76B | €12,000 | €14,550 | +€2,550 | +21.3% |
| Recurring financial income | 75 | €12,000 | €14,550 | +€2,550 | +21.3% |
| Financial charges | 65/66B | €130 | €150 | +€20 | +15.4% |
| Recurring financial charges | 65 | €130 | €150 | +€20 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €72,084 | €97,905 | +€25,821 | +35.8% |
| Income taxes | 67/77 | €18,575 | €26,926 | +€8,352 | +45.0% |
| Profit (loss) for the period | 9904 | €53,509 | €70,979 | +€17,469 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,509 | €70,979 | +€17,469 | +32.6% |
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 12 October 2026 via checked.be.