M²: 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.
M²
Largest movements
- Cash -€3,340
down €3,340 (-76.2%), from €4,384 to €1,045
mainly Net result for the year (-€4,757)
- Receivables within one year -€1,223
down €1,223 (-100%), from €1,223 to €0
- Profit (loss) carried forward -€4,757
down €4,757 (-14.7%), from -€32,367 to -€37,123
- Other debts +€194
up €194 (+0.6%), from €31,974 to €32,168
- Other operating charges +€355
up €355 (+58.7%), from €604 to €959
- Gross operating margin -€266
down €266 (-7.8%), from -€3,392 to -€3,659
- Financial charges -€39
down €39 (-21.6%), from €179 to €140
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.
Derived cash bridge
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 | €5,608 | €1,045 | -€4,563 | -81.4% |
| Current assets | 29/58 | €5,608 | €1,045 | -€4,563 | -81.4% |
| Amounts receivable within one year | 40/41 | €1,223 | €0 | -€1,223 | -100% |
| Trade receivables | 40 | €1,223 | €0 | -€1,223 | -100% |
| Cash at bank and in hand | 54/58 | €4,384 | €1,045 | -€3,340 | -76.2% |
| Total equity and liabilities | 10/49 | €5,608 | €1,045 | -€4,563 | -81.4% |
| Equity | 10/15 | -€26,367 | -€31,123 | -€4,757 | -18.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,367 | -€37,123 | -€4,757 | -14.7% |
| Amounts payable | 17/49 | €31,974 | €32,168 | +€194 | +0.6% |
| Amounts payable within one year | 42/48 | €31,974 | €32,168 | +€194 | +0.6% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,974 | €32,168 | +€194 | +0.6% |
| Other operating charges | 640/8 | €604 | €959 | +€355 | +58.7% |
| Gross operating margin | 9900 | -€3,392 | -€3,659 | -€266 | -7.8% |
| Operating profit (loss) | 9901 | -€3,997 | -€4,618 | -€621 | -15.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €179 | €140 | -€39 | -21.6% |
| Recurring financial charges | 65 | €179 | €140 | -€39 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,175 | -€4,757 | -€582 | -13.9% |
| Profit (loss) for the period | 9904 | -€4,175 | -€4,757 | -€582 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,175 | -€4,757 | -€582 | -13.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.