2M PROPERTIES: what changed
Two fiscal 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 PROPERTIES
Largest movements
- Stocks and contracts +€502,771
up €502,771 (+140.5%), from €357,829 to €860,600
- Cash -€141,355
down €141,355 (-89.1%), from €158,705 to €17,350
mainly Stocks and contracts (-€502,771) and Net result for the year (-€49,606)
- Receivables within one year -€14,989
down €14,989 (-57.7%), from €25,989 to €11,000
of which Other amounts receivable: -€20,489
- Debts after one year +€343,658
up €343,658 (+1788.2%), from €19,218 to €362,876
- Other debts +€51,507
up €51,507 (+19.8%), from €259,721 to €311,229
- Profit (loss) carried forward -€49,606
down €49,606 (-20.2%), from €245,662 to €196,056
- Gross operating margin -€102,435
down €102,435, from €67,246 to -€35,188
- Taxes -€13,704
down €13,704 (-97.8%), from €14,011 to €307
- Financial charges +€2,453
up €2,453 (+21.6%), from €11,368 to €13,820
- Financial income +€1,564
new in 2025: €1,564
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.
Cash bridge derived
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 | €543,459 | €889,490 | +€346,031 | +63.7% |
| Current assets | 29/58 | €543,459 | €889,490 | +€346,031 | +63.7% |
| Stocks and contracts in progress | 3 | €357,829 | €860,600 | +€502,771 | +140.5% |
| Stocks | 30/36 | €357,829 | €860,600 | +€502,771 | +140.5% |
| Amounts receivable within one year | 40/41 | €25,989 | €11,000 | -€14,989 | -57.7% |
| Trade receivables | 40 | - | €5,500 | +€5,500 | |
| Other amounts receivable | 41 | €25,989 | €5,500 | -€20,489 | -78.8% |
| Cash at bank and in hand | 54/58 | €158,705 | €17,350 | -€141,355 | -89.1% |
| Deferred charges and accrued income | 490/1 | €936 | €540 | -€396 | -42.3% |
| Total equity and liabilities | 10/49 | €543,459 | €889,490 | +€346,031 | +63.7% |
| Equity | 10/15 | €264,262 | €214,656 | -€49,606 | -18.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,662 | €196,056 | -€49,606 | -20.2% |
| Amounts payable | 17/49 | €279,197 | €674,834 | +€395,637 | +141.7% |
| Amounts payable after more than one year | 17 | €19,218 | €362,876 | +€343,658 | +1788.2% |
| Financial debts | 170/4 | €19,218 | €362,876 | +€343,658 | +1788.2% |
| Amounts payable within one year | 42/48 | €259,979 | €311,958 | +€51,979 | +20.0% |
| Trade debts | 44 | €182 | €365 | +€183 | +101.0% |
| Suppliers | 440/4 | €182 | €365 | +€183 | +101.0% |
| Taxes, remuneration and social security | 45 | €76 | €365 | +€288 | +376.8% |
| Taxes | 450/3 | €76 | €365 | +€288 | +376.8% |
| Other amounts payable | 47/48 | €259,721 | €311,229 | +€51,507 | +19.8% |
| Other operating charges | 640/8 | €1,256 | €1,854 | +€599 | +47.7% |
| Gross operating margin | 9900 | €67,246 | -€35,188 | -€102,435 | |
| Operating profit (loss) | 9901 | €65,991 | -€37,043 | -€103,033 | |
| Financial income | 75/76B | - | €1,564 | +€1,564 | |
| Recurring financial income | 75 | - | €1,564 | +€1,564 | |
| Financial charges | 65/66B | €11,368 | €13,820 | +€2,453 | +21.6% |
| Recurring financial charges | 65 | €11,368 | €13,820 | +€2,453 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €54,623 | -€49,299 | -€103,922 | |
| Income taxes | 67/77 | €14,011 | €307 | -€13,704 | -97.8% |
| Profit (loss) for the period | 9904 | €40,612 | -€49,606 | -€90,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,612 | -€49,606 | -€90,217 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.