MPÉDUZY: what changed
MPÉDUZY
Largest movements
- Current investments +€45,000
new in 2025: €45,000
- Tangible fixed assets -€13,245
down €13,245 (-23.9%), from €55,459 to €42,214
of which Furniture and vehicles: -€12,445
- Receivables within one year -€5,350
down €5,350 (-25.4%), from €21,100 to €15,750
- Cash +€5,066
up €5,066 (+14.9%), from €33,955 to €39,021
mainly Net result for the year (+€39,784) and Depreciation (+€13,245)
- Reserves +€40,000
up €40,000 (+114%), from €35,000 to €75,000
- Debts after one year -€11,681
down €11,681 (-29.5%), from €39,564 to €27,883
- Other debts +€2,130
up €2,130 (+75.9%), from €2,806 to €4,936
- Gross operating margin +€6,043
up €6,043 (+10.1%), from €59,819 to €65,862
- Depreciation +€3,416
up €3,416 (+34.8%), from €9,829 to €13,245
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 | €111,074 | €141,985 | +€30,911 | +27.8% |
| Fixed assets | 21/28 | €55,459 | €42,214 | -€13,245 | -23.9% |
| Tangible fixed assets | 22/27 | €55,459 | €42,214 | -€13,245 | -23.9% |
| Land and buildings | 22 | €3,454 | €2,654 | -€800 | -23.2% |
| Furniture and vehicles | 24 | €52,005 | €39,560 | -€12,445 | -23.9% |
| Current assets | 29/58 | €55,615 | €99,771 | +€44,156 | +79.4% |
| Amounts receivable within one year | 40/41 | €21,100 | €15,750 | -€5,350 | -25.4% |
| Trade receivables | 40 | €21,100 | €15,750 | -€5,350 | -25.4% |
| Current investments | 50/53 | - | €45,000 | +€45,000 | |
| Cash at bank and in hand | 54/58 | €33,955 | €39,021 | +€5,066 | +14.9% |
| Deferred charges and accrued income | 490/1 | €560 | - | -€560 | |
| Total equity and liabilities | 10/49 | €111,074 | €141,985 | +€30,911 | +27.8% |
| Equity | 10/15 | €39,708 | €79,492 | +€39,784 | +100% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €35,000 | €75,000 | +€40,000 | +114% |
| Distributable reserves | 133 | €35,000 | €75,000 | +€40,000 | +114% |
| Profit (loss) carried forward | 14 | €2,708 | €2,492 | -€216 | -8.0% |
| Amounts payable | 17/49 | €71,366 | €62,493 | -€8,873 | -12.4% |
| Amounts payable after more than one year | 17 | €39,564 | €27,883 | -€11,681 | -29.5% |
| Financial debts | 170/4 | €39,564 | €27,883 | -€11,681 | -29.5% |
| Amounts payable within one year | 42/48 | €31,802 | €34,610 | +€2,808 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €11,266 | €11,681 | +€415 | +3.7% |
| Trade debts | 44 | €235 | €32 | -€203 | -86.4% |
| Suppliers | 440/4 | €235 | €32 | -€203 | -86.4% |
| Taxes, remuneration and social security | 45 | €17,495 | €17,961 | +€466 | +2.7% |
| Taxes | 450/3 | €17,495 | €17,961 | +€466 | +2.7% |
| Other amounts payable | 47/48 | €2,806 | €4,936 | +€2,130 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,829 | €13,245 | +€3,416 | +34.8% |
| Other operating charges | 640/8 | €648 | €501 | -€147 | -22.7% |
| Gross operating margin | 9900 | €59,819 | €65,862 | +€6,043 | +10.1% |
| Operating profit (loss) | 9901 | €49,342 | €52,116 | +€2,774 | +5.6% |
| Financial charges | 65/66B | €1,510 | €1,705 | +€195 | +12.9% |
| Recurring financial charges | 65 | €1,510 | €1,705 | +€195 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €47,832 | €50,411 | +€2,579 | +5.4% |
| Income taxes | 67/77 | €10,124 | €10,627 | +€503 | +5.0% |
| Profit (loss) for the period | 9904 | €37,708 | €39,784 | +€2,076 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,708 | €39,784 | +€2,076 | +5.5% |
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 2 November 2026 via checked.be.