M+ Ballooning: 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.
M+ Ballooning
Largest movements
- Tangible fixed assets -€7,124
no longer reported in 2025 (was €7,124)
- Cash +€5,637
up €5,637 (+330%), from €1,710 to €7,348
mainly Other debts (+€12,000) and Depreciation (+€7,124)
- Receivables within one year -€266
down €266 (-40.8%), from €652 to €386
of which Other amounts receivable: -€341
- Other debts +€12,000
up €12,000 (+400%), from €3,000 to €15,000
- Current portion of long-term debt -€10,366
no longer reported in 2025 (was €10,366)
- Profit (loss) carried forward -€1,736
down €1,736 (-9.6%), from -€18,039 to -€19,775
- Accrued charges and deferred income -€1,613
no longer reported in 2025 (was €1,613)
- Depreciation -€4,470
down €4,470 (-38.6%), from €11,594 to €7,124
- Gross operating margin -€1,342
down €1,342 (-17.2%), from €7,806 to €6,464
- Financial charges -€182
down €182 (-37.1%), from €491 to €309
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 | €10,270 | €8,527 | -€1,742 | -17.0% |
| Fixed assets | 21/28 | €7,224 | €100 | -€7,124 | -98.6% |
| Tangible fixed assets | 22/27 | €7,124 | - | -€7,124 | |
| Furniture and vehicles | 24 | €7,124 | - | -€7,124 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €3,046 | €8,427 | +€5,381 | +177% |
| Amounts receivable within one year | 40/41 | €652 | €386 | -€266 | -40.8% |
| Trade receivables | 40 | - | €75 | +€75 | |
| Other amounts receivable | 41 | €652 | €311 | -€341 | -52.3% |
| Cash at bank and in hand | 54/58 | €1,710 | €7,348 | +€5,637 | +330% |
| Deferred charges and accrued income | 490/1 | €684 | €694 | +€10 | +1.5% |
| Total equity and liabilities | 10/49 | €10,270 | €8,527 | -€1,742 | -17.0% |
| Equity | 10/15 | -€5,147 | -€6,883 | -€1,736 | -33.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,391 | €10,391 | = | 0.0% |
| Distributable reserves | 133 | €10,391 | €10,391 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,039 | -€19,775 | -€1,736 | -9.6% |
| Amounts payable | 17/49 | €15,417 | €15,411 | -€6 | 0.0% |
| Amounts payable within one year | 42/48 | €13,804 | €15,411 | +€1,607 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €10,366 | - | -€10,366 | |
| Trade debts | 44 | €438 | €400 | -€38 | -8.7% |
| Suppliers | 440/4 | €438 | €400 | -€38 | -8.7% |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €3,000 | €15,000 | +€12,000 | +400% |
| Accrued charges and deferred income | 492/3 | €1,613 | - | -€1,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,594 | €7,124 | -€4,470 | -38.6% |
| Other operating charges | 640/8 | €724 | €768 | +€44 | +6.0% |
| Gross operating margin | 9900 | €7,806 | €6,464 | -€1,342 | -17.2% |
| Operating profit (loss) | 9901 | -€4,512 | -€1,427 | +€3,084 | +68.4% |
| Financial charges | 65/66B | €491 | €309 | -€182 | -37.1% |
| Recurring financial charges | 65 | €491 | €309 | -€182 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,002 | -€1,736 | +€3,266 | +65.3% |
| Profit (loss) for the period | 9904 | -€5,002 | -€1,736 | +€3,266 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,002 | -€1,736 | +€3,266 | +65.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.