2M EUROPE: what changed
2M EUROPE
Largest movements
- Tangible fixed assets -€10,387
down €10,387 (-48.2%), from €21,560 to €11,173
- Cash +€8,094
up €8,094 (+59.6%), from €13,586 to €21,680
mainly Depreciation (+€10,387) and Trade debts (+€10,302)
- Receivables within one year +€5,263
up €5,263 (+34.0%), from €15,501 to €20,764
of which Trade receivables: +€4,759
- Trade debts +€10,302
up €10,302 (+316%), from €3,263 to €13,565
- Other debts -€4,753
down €4,753 (-94.0%), from €5,057 to €304
- Current portion of long-term debt -€4,627
no longer reported in 2025 (was €4,627)
- Profit (loss) carried forward +€3,438
up €3,438 (+29.1%), from €11,811 to €15,249
- Debts after one year -€2,862
no longer reported in 2025 (was €2,862)
- Turnover +€23,112
up €23,112 (+31.4%), from €73,713 to €96,825
- Staff costs +€11,995
up €11,995 (+163%), from €7,352 to €19,347
- Gross operating margin +€11,324
up €11,324 (+45.8%), from €24,706 to €36,031
- Purchases and services +€10,099
up €10,099 (+18.7%), from €53,988 to €64,087
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 | €50,647 | €53,617 | +€2,970 | +5.9% |
| Fixed assets | 21/28 | €21,560 | €11,173 | -€10,387 | -48.2% |
| Tangible fixed assets | 22/27 | €21,560 | €11,173 | -€10,387 | -48.2% |
| Furniture and vehicles | 24 | €21,560 | €11,173 | -€10,387 | -48.2% |
| Current assets | 29/58 | €29,087 | €42,444 | +€13,357 | +45.9% |
| Amounts receivable within one year | 40/41 | €15,501 | €20,764 | +€5,263 | +34.0% |
| Trade receivables | 40 | €15,501 | €20,260 | +€4,759 | +30.7% |
| Other amounts receivable | 41 | - | €504 | +€504 | |
| Cash at bank and in hand | 54/58 | €13,586 | €21,680 | +€8,094 | +59.6% |
| Total equity and liabilities | 10/49 | €50,647 | €53,617 | +€2,970 | +5.9% |
| Equity | 10/15 | €28,011 | €31,449 | +€3,438 | +12.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Contributions outside capital | 11 | €16,200 | €16,200 | = | 0.0% |
| Other | 1109/19 | €16,200 | €16,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,811 | €15,249 | +€3,438 | +29.1% |
| Amounts payable | 17/49 | €22,637 | €22,168 | -€468 | -2.1% |
| Amounts payable after more than one year | 17 | €2,862 | - | -€2,862 | |
| Financial debts | 170/4 | €2,862 | - | -€2,862 | |
| Amounts payable within one year | 42/48 | €19,774 | €22,168 | +€2,394 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €4,627 | - | -€4,627 | |
| Trade debts | 44 | €3,263 | €13,565 | +€10,302 | +316% |
| Suppliers | 440/4 | €3,263 | €13,565 | +€10,302 | +316% |
| Taxes, remuneration and social security | 45 | €6,827 | €8,299 | +€1,472 | +21.6% |
| Taxes | 450/3 | €2,032 | €717 | -€1,314 | -64.7% |
| Remuneration and social security | 454/9 | €4,796 | €7,582 | +€2,786 | +58.1% |
| Other amounts payable | 47/48 | €5,057 | €304 | -€4,753 | -94.0% |
| Turnover | 70 | €73,713 | €96,825 | +€23,112 | +31.4% |
| Non-recurring operating income | 76A | - | €3,293 | +€3,293 | |
| Goods, raw materials, services and sundry goods | 60/61 | €53,988 | €64,087 | +€10,099 | +18.7% |
| Remuneration, social security and pensions | 62 | €7,352 | €19,347 | +€11,995 | +163% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,601 | €10,387 | +€786 | +8.2% |
| Other operating charges | 640/8 | €2,472 | €1,627 | -€846 | -34.2% |
| Gross operating margin | 9900 | €24,706 | €36,031 | +€11,324 | +45.8% |
| Operating profit (loss) | 9901 | €5,281 | €4,671 | -€610 | -11.6% |
| Financial charges | 65/66B | €840 | €1,232 | +€392 | +46.7% |
| Recurring financial charges | 65 | €840 | €1,232 | +€392 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €4,441 | €3,438 | -€1,003 | -22.6% |
| Profit (loss) for the period | 9904 | €4,441 | €3,438 | -€1,003 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,441 | €3,438 | -€1,003 | -22.6% |
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 3 November 2026 via checked.be.