2MD: 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.
2MD
Largest movements
- Cash -€5,947
down €5,947 (-15.8%), from €37,714 to €31,767
mainly Advances received (-€8,100) and Deferred charges and accrued income (-€5,275)
- Deferred charges and accrued income +€5,275
new in 2025: €5,275
- Advances received -€8,100
down €8,100 (-100.0%), from €8,100 to €0
- Reserves +€5,919
up €5,919 (+53.3%), from €11,100 to €17,018
of which Distributable reserves: +€5,919
- Tax, wage and social debts +€1,336
new in 2025: €1,336
- Gross operating margin +€6,186
up €6,186 (+169.3%), from €3,654 to €9,840
- Taxes +€2,836
new in 2025: €2,836
- Financial charges +€721
up €721 (+912.1%), from €79 to €800
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 | €37,714 | €37,042 | -€671 | -1.8% |
| Current assets | 29/58 | €37,714 | €37,042 | -€671 | -1.8% |
| Cash at bank and in hand | 54/58 | €37,714 | €31,767 | -€5,947 | -15.8% |
| Deferred charges and accrued income | 490/1 | - | €5,275 | +€5,275 | |
| Total equity and liabilities | 10/49 | €37,714 | €37,042 | -€671 | -1.8% |
| Equity | 10/15 | €29,614 | €35,533 | +€5,919 | +20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,100 | €17,018 | +€5,919 | +53.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,240 | €15,159 | +€5,919 | +64.1% |
| Profit (loss) carried forward | 14 | -€86 | -€86 | = | 0.0% |
| Amounts payable | 17/49 | €8,100 | €1,510 | -€6,590 | -81.4% |
| Amounts payable within one year | 42/48 | €8,100 | €1,510 | -€6,590 | -81.4% |
| Trade debts | 44 | - | €1 | +€1 | |
| Suppliers | 440/4 | - | €1 | +€1 | |
| Advances received on contracts in progress | 46 | €8,100 | €0 | -€8,100 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €1,336 | +€1,336 | |
| Taxes | 450/3 | - | €1,336 | +€1,336 | |
| Other amounts payable | 47/48 | - | €173 | +€173 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €3,654 | €9,840 | +€6,186 | +169.3% |
| Operating profit (loss) | 9901 | €3,267 | €9,440 | +€6,173 | +189.0% |
| Financial income | 75/76B | €53 | €115 | +€62 | +117.9% |
| Recurring financial income | 75 | €53 | €115 | +€62 | +117.9% |
| Financial charges | 65/66B | €79 | €800 | +€721 | +912.1% |
| Recurring financial charges | 65 | €79 | €800 | +€721 | +912.1% |
| Profit (loss) for the period before taxes | 9903 | €3,240 | €8,755 | +€5,515 | +170.2% |
| Income taxes | 67/77 | - | €2,836 | +€2,836 | |
| Profit (loss) for the period | 9904 | €3,240 | €5,919 | +€2,679 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,240 | €5,919 | +€2,679 | +82.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.