DOUBLE M: 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.
DOUBLE M
Largest movements
- Receivables after one year +€3,000
up €3,000 (+60.0%), from €5,000 to €8,000
- Current investments +€722
up €722 (+173.4%), from €416 to €1,138
- Receivables within one year +€623
up €623 (+7.1%), from €8,820 to €9,443
- Tangible fixed assets -€347
down €347 (-36.3%), from €955 to €609
- Tax, wage and social debts +€2,482
up €2,482 (+31.4%), from €7,914 to €10,396
of which Taxes: +€2,482
- Reserves +€2,207
up €2,207 (+128.3%), from €1,720 to €3,927
- Other debts -€2,019
down €2,019 (-81.6%), from €2,474 to €455
- Trade debts +€1,330
up €1,330 (+1195.8%), from €111 to €1,442
- Gross operating margin +€801
up €801 (+13.7%), from €5,860 to €6,660
- Other operating charges +€436
up €436 (+25.2%), from €1,730 to €2,166
- Taxes -€285
down €285 (-13.0%), from €2,193 to €1,908
- Depreciation +€262
up €262 (+311.3%), from €84 to €347
- Financial income +€70
up €70 (+56.0%), from €125 to €195
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 | €15,220 | €19,220 | +€4,000 | +26.3% |
| Fixed assets | 21/28 | €955 | €609 | -€347 | -36.3% |
| Tangible fixed assets | 22/27 | €955 | €609 | -€347 | -36.3% |
| Plant, machinery and equipment | 23 | €955 | €609 | -€347 | -36.3% |
| Current assets | 29/58 | €14,265 | €18,611 | +€4,346 | +30.5% |
| Amounts receivable after more than one year | 29 | €5,000 | €8,000 | +€3,000 | +60.0% |
| Other amounts receivable | 291 | €5,000 | €8,000 | +€3,000 | +60.0% |
| Amounts receivable within one year | 40/41 | €8,820 | €9,443 | +€623 | +7.1% |
| Trade receivables | 40 | €8,820 | €9,443 | +€623 | +7.1% |
| Current investments | 50/53 | €416 | €1,138 | +€722 | +173.4% |
| Cash at bank and in hand | 54/58 | €28 | €31 | +€2 | +8.3% |
| Total equity and liabilities | 10/49 | €15,220 | €19,220 | +€4,000 | +26.3% |
| Equity | 10/15 | €4,720 | €6,927 | +€2,207 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,720 | €3,927 | +€2,207 | +128.3% |
| Distributable reserves | 133 | €1,720 | €3,927 | +€2,207 | +128.3% |
| Amounts payable | 17/49 | €10,500 | €12,293 | +€1,793 | +17.1% |
| Amounts payable within one year | 42/48 | €10,500 | €12,293 | +€1,793 | +17.1% |
| Trade debts | 44 | €111 | €1,442 | +€1,330 | +1195.8% |
| Suppliers | 440/4 | €111 | €1,442 | +€1,330 | +1195.8% |
| Taxes, remuneration and social security | 45 | €7,914 | €10,396 | +€2,482 | +31.4% |
| Taxes | 450/3 | €5,736 | €8,218 | +€2,482 | +43.3% |
| Remuneration and social security | 454/9 | €2,178 | €2,178 | = | 0.0% |
| Other amounts payable | 47/48 | €2,474 | €455 | -€2,019 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84 | €347 | +€262 | +311.3% |
| Other operating charges | 640/8 | €1,730 | €2,166 | +€436 | +25.2% |
| Gross operating margin | 9900 | €5,860 | €6,660 | +€801 | +13.7% |
| Operating profit (loss) | 9901 | €4,046 | €4,148 | +€102 | +2.5% |
| Financial income | 75/76B | €125 | €195 | +€70 | +56.0% |
| Recurring financial income | 75 | €125 | €195 | +€70 | +56.0% |
| Financial charges | 65/66B | €257 | €228 | -€29 | -11.4% |
| Recurring financial charges | 65 | €257 | €228 | -€29 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €3,914 | €4,115 | +€201 | +5.1% |
| Income taxes | 67/77 | €2,193 | €1,908 | -€285 | -13.0% |
| Profit (loss) for the period | 9904 | €1,720 | €2,207 | +€486 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,720 | €2,207 | +€486 | +28.3% |
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 8 October 2026 via checked.be.