M. & Co: 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.
M. & Co
Largest movements
- Financial fixed assets +€120,739
new in 2025: €120,739
- Receivables within one year -€11,961
down €11,961 (-6.3%), from €191,022 to €179,062
- Cash -€7,297
down €7,297 (-23.7%), from €30,830 to €23,533
mainly Investment in fixed assets (net) (-€120,739) and Net result for the year (-€1,651)
- Other debts +€103,520
new in 2025: €103,520
- Gross operating margin +€17,736
up €17,736 (+95.4%), from -€18,598 to -€862
- Financial charges +€201
up €201 (+463.2%), from €44 to €245
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 | €221,852 | €323,334 | +€101,481 | +45.7% |
| Fixed assets | 21/28 | - | €120,739 | +€120,739 | |
| Financial fixed assets | 28 | - | €120,739 | +€120,739 | |
| Current assets | 29/58 | €221,852 | €202,595 | -€19,258 | -8.7% |
| Amounts receivable within one year | 40/41 | €191,022 | €179,062 | -€11,961 | -6.3% |
| Other amounts receivable | 41 | €191,022 | €179,062 | -€11,961 | -6.3% |
| Cash at bank and in hand | 54/58 | €30,830 | €23,533 | -€7,297 | -23.7% |
| Total equity and liabilities | 10/49 | €221,852 | €323,334 | +€101,481 | +45.7% |
| Equity | 10/15 | €221,465 | €219,814 | -€1,651 | -0.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4,338 | €4,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,338 | €4,338 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,338 | €4,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,873 | -€84,524 | -€1,651 | -2.0% |
| Amounts payable | 17/49 | €387 | €103,520 | +€103,132 | +26625.8% |
| Amounts payable within one year | 42/48 | €387 | €103,520 | +€103,132 | +26625.8% |
| Trade debts | 44 | €387 | - | -€387 | |
| Suppliers | 440/4 | €387 | - | -€387 | |
| Other amounts payable | 47/48 | - | €103,520 | +€103,520 | |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | -€18,598 | -€862 | +€17,736 | +95.4% |
| Operating profit (loss) | 9901 | -€19,126 | -€1,406 | +€17,720 | +92.6% |
| Financial charges | 65/66B | €44 | €245 | +€201 | +463.2% |
| Recurring financial charges | 65 | €44 | €245 | +€201 | +463.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,169 | -€1,651 | +€17,518 | +91.4% |
| Profit (loss) for the period | 9904 | -€19,169 | -€1,651 | +€17,518 | +91.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,169 | -€1,651 | +€17,518 | +91.4% |
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 6 October 2026 via checked.be.