MPF: 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.
MPF
Largest movements
- Receivables within one year +€299,239
up €299,239 (+1,484%), from €20,167 to €319,405
of which Other amounts receivable: +€298,702
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€15,075
up €15,075 (+12.6%), from €119,767 to €134,843
mainly Current investments (+€150,000) and Net result for the year (+€128,610)
- Reserves +€128,610
up €128,610 (+61.2%), from €210,100 to €338,710
- Trade debts +€63,897
up €63,897 (+4,547%), from €1,405 to €65,302
- Tax, wage and social debts -€26,890
down €26,890 (-36.3%), from €74,126 to €47,236
- Gross operating margin -€111,025
down €111,025 (-40.2%), from €276,016 to €164,990
- Taxes -€27,163
down €27,163 (-42.5%), from €63,862 to €36,699
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 | €289,934 | €454,248 | +€164,314 | +56.7% |
| Current assets | 29/58 | €289,934 | €454,248 | +€164,314 | +56.7% |
| Amounts receivable within one year | 40/41 | €20,167 | €319,405 | +€299,239 | +1,484% |
| Trade receivables | 40 | €20,167 | €20,703 | +€536 | +2.7% |
| Other amounts receivable | 41 | - | €298,702 | +€298,702 | |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €119,767 | €134,843 | +€15,075 | +12.6% |
| Total equity and liabilities | 10/49 | €289,934 | €454,248 | +€164,314 | +56.7% |
| Equity | 10/15 | €213,100 | €341,710 | +€128,610 | +60.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €210,100 | €338,710 | +€128,610 | +61.2% |
| Distributable reserves | 133 | €210,100 | €338,710 | +€128,610 | +61.2% |
| Amounts payable | 17/49 | €76,834 | €112,538 | +€35,704 | +46.5% |
| Amounts payable within one year | 42/48 | €76,834 | €112,538 | +€35,704 | +46.5% |
| Trade debts | 44 | €1,405 | €65,302 | +€63,897 | +4,547% |
| Suppliers | 440/4 | €1,405 | €65,302 | +€63,897 | +4,547% |
| Taxes, remuneration and social security | 45 | €74,126 | €47,236 | -€26,890 | -36.3% |
| Taxes | 450/3 | €74,126 | €47,236 | -€26,890 | -36.3% |
| Other amounts payable | 47/48 | €1,303 | - | -€1,303 | |
| Remuneration, social security and pensions | 62 | €1,991 | €1,991 | = | 0.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €276,016 | €164,990 | -€111,025 | -40.2% |
| Operating profit (loss) | 9901 | €273,962 | €162,937 | -€111,025 | -40.5% |
| Financial income | 75/76B | - | €2,447 | +€2,447 | |
| Recurring financial income | 75 | - | €2,447 | +€2,447 | |
| Financial charges | 65/66B | - | €74 | +€74 | |
| Recurring financial charges | 65 | - | €74 | +€74 | |
| Profit (loss) for the period before taxes | 9903 | €273,962 | €165,309 | -€108,653 | -39.7% |
| Income taxes | 67/77 | €63,862 | €36,699 | -€27,163 | -42.5% |
| Profit (loss) for the period | 9904 | €210,100 | €128,610 | -€81,490 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | €210,100 | €128,610 | -€81,490 | -38.8% |
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 28 October 2026 via checked.be.