M CHOCOLATE: 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 CHOCOLATE
Largest movements
- Cash +€17,613
up €17,613 (+106%), from €16,693 to €34,305
mainly Net result for the year (+€52,572) and Depreciation (+€22,251)
- Tangible fixed assets -€11,647
down €11,647 (-19.5%), from €59,810 to €48,163
of which Furniture and vehicles: -€6,556
- Receivables within one year -€9,124
down €9,124 (-57.4%), from €15,909 to €6,785
of which Other amounts receivable: -€11,761
- Deferred charges and accrued income +€3,372
up €3,372 (+117%), from €2,874 to €6,246
- Other debts +€15,000
up €15,000 (+40.0%), from €37,500 to €52,500
- Current portion of long-term debt -€10,805
down €10,805 (-45.5%), from €23,761 to €12,956
- Debts after one year -€5,712
down €5,712 (-21.3%), from €26,833 to €21,121
- Gross operating margin +€36,987
up €36,987 (+32.0%), from €115,661 to €152,649
- Staff costs +€12,782
up €12,782 (+31.4%), from €40,696 to €53,478
- Taxes +€6,037
up €6,037 (+43.1%), from €14,012 to €20,048
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 | €134,340 | €132,563 | -€1,777 | -1.3% |
| Formation expenses | 20 | €753 | - | -€753 | |
| Fixed assets | 21/28 | €63,210 | €51,563 | -€11,647 | -18.4% |
| Tangible fixed assets | 22/27 | €59,810 | €48,163 | -€11,647 | -19.5% |
| Plant, machinery and equipment | 23 | €39,693 | €34,602 | -€5,091 | -12.8% |
| Furniture and vehicles | 24 | €20,117 | €13,561 | -€6,556 | -32.6% |
| Financial fixed assets | 28 | €3,400 | €3,400 | = | 0.0% |
| Current assets | 29/58 | €70,378 | €81,000 | +€10,622 | +15.1% |
| Stocks and contracts in progress | 3 | €34,903 | €33,664 | -€1,238 | -3.5% |
| Stocks | 30/36 | €34,903 | €33,664 | -€1,238 | -3.5% |
| Amounts receivable within one year | 40/41 | €15,909 | €6,785 | -€9,124 | -57.4% |
| Trade receivables | 40 | €726 | €3,363 | +€2,637 | +363% |
| Other amounts receivable | 41 | €15,183 | €3,422 | -€11,761 | -77.5% |
| Cash at bank and in hand | 54/58 | €16,693 | €34,305 | +€17,613 | +106% |
| Deferred charges and accrued income | 490/1 | €2,874 | €6,246 | +€3,372 | +117% |
| Total equity and liabilities | 10/49 | €134,340 | €132,563 | -€1,777 | -1.3% |
| Equity | 10/15 | €9,702 | €9,773 | +€72 | +0.7% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €202 | €273 | +€72 | +35.6% |
| Amounts payable | 17/49 | €124,639 | €122,789 | -€1,849 | -1.5% |
| Amounts payable after more than one year | 17 | €26,833 | €21,121 | -€5,712 | -21.3% |
| Financial debts | 170/4 | €26,833 | €21,121 | -€5,712 | -21.3% |
| Amounts payable within one year | 42/48 | €97,585 | €101,517 | +€3,932 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €23,761 | €12,956 | -€10,805 | -45.5% |
| Trade debts | 44 | €5,631 | €4,919 | -€712 | -12.6% |
| Suppliers | 440/4 | €5,631 | €4,919 | -€712 | -12.6% |
| Taxes, remuneration and social security | 45 | €30,693 | €31,143 | +€450 | +1.5% |
| Taxes | 450/3 | €20,663 | €18,419 | -€2,245 | -10.9% |
| Remuneration and social security | 454/9 | €10,030 | €12,724 | +€2,694 | +26.9% |
| Other amounts payable | 47/48 | €37,500 | €52,500 | +€15,000 | +40.0% |
| Accrued charges and deferred income | 492/3 | €221 | €152 | -€69 | -31.3% |
| Remuneration, social security and pensions | 62 | €40,696 | €53,478 | +€12,782 | +31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,238 | €22,251 | +€1,013 | +4.8% |
| Other operating charges | 640/8 | €1,353 | €1,370 | +€18 | +1.3% |
| Gross operating margin | 9900 | €115,661 | €152,649 | +€36,987 | +32.0% |
| Operating profit (loss) | 9901 | €52,375 | €75,550 | +€23,175 | +44.2% |
| Financial income | 75/76B | €760 | €485 | -€275 | -36.2% |
| Recurring financial income | 75 | €760 | €485 | -€275 | -36.2% |
| Financial charges | 65/66B | €3,940 | €3,414 | -€526 | -13.4% |
| Recurring financial charges | 65 | €3,940 | €3,414 | -€526 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €49,194 | €72,620 | +€23,426 | +47.6% |
| Income taxes | 67/77 | €14,012 | €20,048 | +€6,037 | +43.1% |
| Profit (loss) for the period | 9904 | €35,183 | €52,572 | +€17,389 | +49.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,183 | €52,572 | +€17,389 | +49.4% |
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 16 October 2026 via checked.be.