2MM PROJECT: 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.
2MM PROJECT
Largest movements
- Tangible fixed assets -€92,922
down €92,922 (-27.9%), from €333,337 to €240,415
of which Leasing and similar rights: -€65,730
- Cash +€48,053
up €48,053 (+15958.7%), from €301 to €48,354
mainly Trade debts (+€357,455) and Short-term financial debts (+€153,784)
- Receivables within one year -€40,253
down €40,253 (-12.5%), from €322,974 to €282,720
of which Trade receivables: -€33,257
- Trade debts +€357,455
up €357,455 (+129.6%), from €275,796 to €633,251
- Profit (loss) carried forward -€327,619
down €327,619 (-68.1%), from -€481,411 to -€809,030
- Short-term financial debts +€153,784
up €153,784 (+336.5%), from €45,704 to €199,488
- Current portion of long-term debt -€144,708
down €144,708 (-59.6%), from €242,749 to €98,041
- Accrued charges and deferred income -€114,453
down €114,453 (-100.0%), from €114,453 to €0
- Gross operating margin +€842,163
up €842,163 (+66.7%), from €1.3m to €2.1m
- Staff costs +€733,017
up €733,017 (+47.4%), from €1.5m to €2.3m
- Financial charges -€62,154
down €62,154 (-64.8%), from €95,907 to €33,752
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 | €656,612 | €571,490 | -€85,122 | -13.0% |
| Fixed assets | 21/28 | €333,337 | €240,415 | -€92,922 | -27.9% |
| Tangible fixed assets | 22/27 | €333,337 | €240,415 | -€92,922 | -27.9% |
| Plant, machinery and equipment | 23 | €3,563 | €2,213 | -€1,350 | -37.9% |
| Furniture and vehicles | 24 | €80,560 | €54,717 | -€25,842 | -32.1% |
| Leasing and similar rights | 25 | €249,215 | €183,485 | -€65,730 | -26.4% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €323,275 | €331,075 | +€7,800 | +2.4% |
| Amounts receivable within one year | 40/41 | €322,974 | €282,720 | -€40,253 | -12.5% |
| Trade receivables | 40 | €142,500 | €109,243 | -€33,257 | -23.3% |
| Other amounts receivable | 41 | €180,473 | €173,477 | -€6,996 | -3.9% |
| Cash at bank and in hand | 54/58 | €301 | €48,354 | +€48,053 | +15958.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €656,612 | €571,490 | -€85,122 | -13.0% |
| Equity | 10/15 | -€362,729 | -€690,347 | -€327,619 | -90.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €108,683 | €108,683 | = | 0.0% |
| Distributable reserves | 133 | €108,683 | €108,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€481,411 | -€809,030 | -€327,619 | -68.1% |
| Amounts payable | 17/49 | €1,019,340 | €1,261,837 | +€242,496 | +23.8% |
| Amounts payable after more than one year | 17 | €230,143 | €132,101 | -€98,041 | -42.6% |
| Financial debts | 170/4 | €230,143 | €132,101 | -€98,041 | -42.6% |
| Amounts payable within one year | 42/48 | €674,745 | €1,129,736 | +€454,991 | +67.4% |
| Current portion of amounts payable after more than one year | 42 | €242,749 | €98,041 | -€144,708 | -59.6% |
| Financial debts | 43 | €45,704 | €199,488 | +€153,784 | +336.5% |
| Credit institutions | 430/8 | €45,704 | €199,488 | +€153,784 | +336.5% |
| Trade debts | 44 | €275,796 | €633,251 | +€357,455 | +129.6% |
| Suppliers | 440/4 | €275,796 | €633,251 | +€357,455 | +129.6% |
| Taxes, remuneration and social security | 45 | €110,496 | €143,236 | +€32,740 | +29.6% |
| Taxes | 450/3 | €179 | €564 | +€385 | +215.7% |
| Remuneration and social security | 454/9 | €110,317 | €142,672 | +€32,355 | +29.3% |
| Other amounts payable | 47/48 | €0 | €55,719 | +€55,719 | |
| Accrued charges and deferred income | 492/3 | €114,453 | €0 | -€114,453 | -100.0% |
| Non-recurring operating income | 76A | €6,167 | €0 | -€6,167 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,547,594 | €2,280,611 | +€733,017 | +47.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,693 | €92,922 | +€4,230 | +4.8% |
| Other operating charges | 640/8 | €25,095 | €24,834 | -€261 | -1.0% |
| Gross operating margin | 9900 | €1,261,770 | €2,103,933 | +€842,163 | +66.7% |
| Operating profit (loss) | 9901 | -€399,612 | -€294,434 | +€105,177 | +26.3% |
| Financial income | 75/76B | €14,107 | €1,132 | -€12,975 | -92.0% |
| Recurring financial income | 75 | €14,107 | €1,132 | -€12,975 | -92.0% |
| Financial charges | 65/66B | €95,907 | €33,752 | -€62,154 | -64.8% |
| Recurring financial charges | 65 | €95,907 | €33,752 | -€62,154 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | -€481,411 | -€327,055 | +€154,357 | +32.1% |
| Income taxes | 67/77 | €0 | €564 | +€564 | |
| Profit (loss) for the period | 9904 | -€481,411 | -€327,619 | +€153,793 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€481,411 | -€327,619 | +€153,793 | +31.9% |
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 9 October 2026 via checked.be.