MNPROJECT: what changed
MNPROJECT
Largest movements
- Cash -€10,409
down €10,409 (-20.6%), from €50,544 to €40,135
mainly Net result for the year (-€9,772) and Receivables within one year (-€2,545)
- Tangible fixed assets -€5,995
down €5,995 (-46.9%), from €12,789 to €6,794
of which Furniture and vehicles: -€5,264
- Receivables within one year +€2,545
up €2,545 (+15.8%), from €16,070 to €18,615
of which Other amounts receivable: +€5,181
- Deferred charges and accrued income +€1,629
up €1,629, from €0 to €1,629
- Profit (loss) carried forward -€9,772
down €9,772 (-60.3%), from -€16,217 to -€25,989
- Trade debts -€2,449
down €2,449 (-25.9%), from €9,471 to €7,021
- Gross operating margin +€4,855
up €4,855 (+74.6%), from -€6,508 to -€1,653
- Staff costs +€2,484
up €2,484, from -€1,434 to €1,050
- Financial charges -€1,836
down €1,836 (-95.2%), from €1,930 to €93
- Depreciation -€1,410
down €1,410 (-16.1%), from €8,735 to €7,325
- Financial income +€525
up €525 (+567%), from €92 to €617
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,403 | €67,173 | -€12,230 | -15.4% |
| Fixed assets | 21/28 | €12,789 | €6,794 | -€5,995 | -46.9% |
| Tangible fixed assets | 22/27 | €12,789 | €6,794 | -€5,995 | -46.9% |
| Furniture and vehicles | 24 | €8,504 | €3,239 | -€5,264 | -61.9% |
| Other tangible fixed assets | 26 | €4,285 | €3,554 | -€731 | -17.1% |
| Current assets | 29/58 | €66,614 | €60,379 | -€6,235 | -9.4% |
| Amounts receivable within one year | 40/41 | €16,070 | €18,615 | +€2,545 | +15.8% |
| Trade receivables | 40 | €9,751 | €7,115 | -€2,636 | -27.0% |
| Other amounts receivable | 41 | €6,319 | €11,500 | +€5,181 | +82.0% |
| Cash at bank and in hand | 54/58 | €50,544 | €40,135 | -€10,409 | -20.6% |
| Deferred charges and accrued income | 490/1 | €0 | €1,629 | +€1,629 | |
| Total equity and liabilities | 10/49 | €79,403 | €67,173 | -€12,230 | -15.4% |
| Equity | 10/15 | €69,656 | €59,884 | -€9,772 | -14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,273 | €67,273 | = | 0.0% |
| Distributable reserves | 133 | €67,273 | €67,273 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,217 | -€25,989 | -€9,772 | -60.3% |
| Amounts payable | 17/49 | €9,747 | €7,289 | -€2,457 | -25.2% |
| Amounts payable within one year | 42/48 | €9,747 | €7,289 | -€2,457 | -25.2% |
| Trade debts | 44 | €9,471 | €7,021 | -€2,449 | -25.9% |
| Suppliers | 440/4 | €9,471 | €7,021 | -€2,449 | -25.9% |
| Taxes, remuneration and social security | 45 | €276 | €268 | -€8 | -3.0% |
| Taxes | 450/3 | €276 | €268 | -€8 | -3.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€1,434 | €1,050 | +€2,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €7,325 | -€1,410 | -16.1% |
| Other operating charges | 640/8 | €295 | €0 | -€295 | -100% |
| Gross operating margin | 9900 | -€6,508 | -€1,653 | +€4,855 | +74.6% |
| Operating profit (loss) | 9901 | -€14,104 | -€10,028 | +€4,075 | +28.9% |
| Financial income | 75/76B | €92 | €617 | +€525 | +567% |
| Recurring financial income | 75 | €92 | €617 | +€525 | +567% |
| Financial charges | 65/66B | €1,930 | €93 | -€1,836 | -95.2% |
| Recurring financial charges | 65 | €1,930 | €93 | -€1,836 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,941 | -€9,504 | +€6,436 | +40.4% |
| Income taxes | 67/77 | €276 | €268 | -€8 | -3.0% |
| Profit (loss) for the period | 9904 | -€16,217 | -€9,772 | +€6,445 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,217 | -€9,772 | +€6,445 | +39.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.