LB MMT: 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.
LB MMT
Largest movements
- Receivables within one year -€15,784
down €15,784 (-17.1%), from €92,343 to €76,559
of which Trade receivables: -€56,637
- Cash -€8,614
down €8,614 (-34.3%), from €25,122 to €16,509
mainly Advances received (-€41,385) and Contributions, distributions and other (-€9,000)
- Financial fixed assets +€3,550
up €3,550 (+162%), from €2,193 to €5,743
- Advances received -€41,385
down €41,385 (-95.5%), from €43,321 to €1,936
- Profit (loss) carried forward +€23,239
up €23,239 (+276%), from €8,428 to €31,667
- Trade debts -€5,974
down €5,974 (-39.6%), from €15,097 to €9,123
- Tax, wage and social debts +€5,688
up €5,688 (+23.7%), from €23,991 to €29,679
of which Taxes: +€4,499
- Other debts -€3,000
down €3,000 (-25.0%), from €12,000 to €9,000
- Gross operating margin -€7,414
down €7,414 (-16.7%), from €44,455 to €37,040
- Taxes -€5,525
no longer reported in 2024 (was €5,525)
- Financial income +€2,293
up €2,293 (+270%), from €848 to €3,140
- Other operating charges -€2,116
down €2,116 (-32.4%), from €6,522 to €4,406
- Financial charges +€1,127
up €1,127 (+82.5%), from €1,365 to €2,491
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,296 | €101,865 | -€21,432 | -17.4% |
| Fixed assets | 21/28 | €4,808 | €7,313 | +€2,505 | +52.1% |
| Tangible fixed assets | 22/27 | €2,615 | €1,570 | -€1,045 | -40.0% |
| Plant, machinery and equipment | 23 | €2,615 | €1,570 | -€1,045 | -40.0% |
| Financial fixed assets | 28 | €2,193 | €5,743 | +€3,550 | +162% |
| Current assets | 29/58 | €118,488 | €94,551 | -€23,937 | -20.2% |
| Amounts receivable within one year | 40/41 | €92,343 | €76,559 | -€15,784 | -17.1% |
| Trade receivables | 40 | €60,841 | €4,205 | -€56,637 | -93.1% |
| Other amounts receivable | 41 | €31,501 | €72,354 | +€40,853 | +130% |
| Cash at bank and in hand | 54/58 | €25,122 | €16,509 | -€8,614 | -34.3% |
| Deferred charges and accrued income | 490/1 | €1,024 | €1,484 | +€461 | +45.0% |
| Total equity and liabilities | 10/49 | €123,296 | €101,865 | -€21,432 | -17.4% |
| Equity | 10/15 | €28,888 | €52,127 | +€23,239 | +80.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,428 | €31,667 | +€23,239 | +276% |
| Amounts payable | 17/49 | €94,408 | €49,738 | -€44,670 | -47.3% |
| Amounts payable within one year | 42/48 | €94,408 | €49,738 | -€44,670 | -47.3% |
| Trade debts | 44 | €15,097 | €9,123 | -€5,974 | -39.6% |
| Suppliers | 440/4 | €15,097 | €9,123 | -€5,974 | -39.6% |
| Advances received on contracts in progress | 46 | €43,321 | €1,936 | -€41,385 | -95.5% |
| Taxes, remuneration and social security | 45 | €23,991 | €29,679 | +€5,688 | +23.7% |
| Taxes | 450/3 | €23,991 | €28,490 | +€4,499 | +18.8% |
| Remuneration and social security | 454/9 | - | €1,189 | +€1,189 | |
| Other amounts payable | 47/48 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €519 | €1,045 | +€525 | +101% |
| Other operating charges | 640/8 | €6,522 | €4,406 | -€2,116 | -32.4% |
| Gross operating margin | 9900 | €44,455 | €37,040 | -€7,414 | -16.7% |
| Operating profit (loss) | 9901 | €37,414 | €31,590 | -€5,824 | -15.6% |
| Financial income | 75/76B | €848 | €3,140 | +€2,293 | +270% |
| Recurring financial income | 75 | €848 | €3,140 | +€2,293 | +270% |
| Financial charges | 65/66B | €1,365 | €2,491 | +€1,127 | +82.5% |
| Recurring financial charges | 65 | €1,365 | €2,491 | +€1,127 | +82.5% |
| Profit (loss) for the period before taxes | 9903 | €36,896 | €32,239 | -€4,658 | -12.6% |
| Income taxes | 67/77 | €5,525 | - | -€5,525 | |
| Profit (loss) for the period | 9904 | €31,372 | €32,239 | +€867 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,372 | €32,239 | +€867 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.