2M-IT: 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.
2M-IT
Largest movements
- Receivables within one year +€18,983
up €18,983 (+83.5%), from €22,738 to €41,721
of which Other amounts receivable: +€15,000
- Cash +€13,865
up €13,865 (+43.8%), from €31,641 to €45,506
mainly Net result for the year (+€30,070) and Tax, wage and social debts (+€6,354)
- Reserves +€30,070
up €30,070 (+120%), from €25,143 to €55,212
- Tax, wage and social debts +€6,354
up €6,354 (+47.6%), from €13,354 to €19,708
- Trade debts -€4,534
down €4,534 (-25.1%), from €18,074 to €13,539
- Gross operating margin +€24,372
up €24,372 (+99.0%), from €24,630 to €49,002
- Taxes +€7,481
up €7,481 (+112%), from €6,657 to €14,138
- Financial charges -€627
down €627 (-13.5%), from €4,631 to €4,003
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,570 | €108,845 | +€32,274 | +42.1% |
| Fixed assets | 21/28 | €18,958 | €19,341 | +€383 | +2.0% |
| Tangible fixed assets | 22/27 | €508 | €266 | -€242 | -47.6% |
| Furniture and vehicles | 24 | €508 | €266 | -€242 | -47.6% |
| Financial fixed assets | 28 | €18,450 | €19,075 | +€625 | +3.4% |
| Current assets | 29/58 | €57,613 | €89,504 | +€31,891 | +55.4% |
| Amounts receivable within one year | 40/41 | €22,738 | €41,721 | +€18,983 | +83.5% |
| Trade receivables | 40 | €22,673 | €26,656 | +€3,983 | +17.6% |
| Other amounts receivable | 41 | €65 | €15,065 | +€15,000 | +23,148% |
| Cash at bank and in hand | 54/58 | €31,641 | €45,506 | +€13,865 | +43.8% |
| Deferred charges and accrued income | 490/1 | €3,234 | €2,277 | -€957 | -29.6% |
| Total equity and liabilities | 10/49 | €76,570 | €108,845 | +€32,274 | +42.1% |
| Equity | 10/15 | €45,143 | €75,212 | +€30,070 | +66.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €25,143 | €55,212 | +€30,070 | +120% |
| Distributable reserves | 133 | €25,143 | €55,212 | +€30,070 | +120% |
| Amounts payable | 17/49 | €31,428 | €33,633 | +€2,205 | +7.0% |
| Amounts payable within one year | 42/48 | €31,428 | €33,248 | +€1,820 | +5.8% |
| Trade debts | 44 | €18,074 | €13,539 | -€4,534 | -25.1% |
| Suppliers | 440/4 | €18,074 | €13,539 | -€4,534 | -25.1% |
| Taxes, remuneration and social security | 45 | €13,354 | €19,708 | +€6,354 | +47.6% |
| Taxes | 450/3 | €13,354 | €19,708 | +€6,354 | +47.6% |
| Accrued charges and deferred income | 492/3 | - | €385 | +€385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242 | €242 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €550 | +€44 | +8.8% |
| Gross operating margin | 9900 | €24,630 | €49,002 | +€24,372 | +99.0% |
| Operating profit (loss) | 9901 | €23,883 | €48,211 | +€24,328 | +102% |
| Financial charges | 65/66B | €4,631 | €4,003 | -€627 | -13.5% |
| Recurring financial charges | 65 | €4,631 | €4,003 | -€627 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €19,253 | €44,208 | +€24,955 | +130% |
| Income taxes | 67/77 | €6,657 | €14,138 | +€7,481 | +112% |
| Profit (loss) for the period | 9904 | €12,596 | €30,070 | +€17,473 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €12,596 | €30,070 | +€17,473 | +139% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.