M & Co: 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 & Co
Largest movements
- Deferred charges and accrued income +€7,071
up €7,071 (+2,214%), from €319 to €7,391
- Cash +€5,848
up €5,848 (+73.3%), from €7,975 to €13,823
mainly Receivables within one year (+€5,720) and Trade debts (+€5,241)
- Receivables within one year -€5,720
down €5,720 (-100%), from €5,720 to €0
- Tangible fixed assets +€4,185
up €4,185 (+130%), from €3,221 to €7,406
of which Furniture and vehicles: +€4,858
- Trade debts +€5,241
up €5,241 (+1,140%), from €460 to €5,701
- Reserves +€2,895
up €2,895 (+39.0%), from €7,417 to €10,312
- Tax, wage and social debts +€2,593
up €2,593 (+59.5%), from €4,359 to €6,952
of which Remuneration and social security: +€2,300
- Accrued charges and deferred income +€654
new in 2025: €654
- Gross operating margin -€5,677
down €5,677 (-41.1%), from €13,825 to €8,147
- Depreciation +€1,596
up €1,596 (+1,111%), from €144 to €1,740
- Financial charges +€886
up €886 (+202%), from €438 to €1,325
- Taxes -€391
down €391 (-19.9%), from €1,963 to €1,572
- Other operating charges -€158
down €158 (-19.4%), from €815 to €656
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 | €17,235 | €28,619 | +€11,384 | +66.0% |
| Fixed assets | 21/28 | €3,221 | €7,406 | +€4,185 | +130% |
| Tangible fixed assets | 22/27 | €3,221 | €7,406 | +€4,185 | +130% |
| Plant, machinery and equipment | 23 | €3,221 | €2,548 | -€673 | -20.9% |
| Furniture and vehicles | 24 | - | €4,858 | +€4,858 | |
| Current assets | 29/58 | €14,015 | €21,213 | +€7,199 | +51.4% |
| Amounts receivable within one year | 40/41 | €5,720 | €0 | -€5,720 | -100% |
| Trade receivables | 40 | €5,720 | €0 | -€5,720 | -100% |
| Cash at bank and in hand | 54/58 | €7,975 | €13,823 | +€5,848 | +73.3% |
| Deferred charges and accrued income | 490/1 | €319 | €7,391 | +€7,071 | +2,214% |
| Total equity and liabilities | 10/49 | €17,235 | €28,619 | +€11,384 | +66.0% |
| Equity | 10/15 | €12,417 | €15,312 | +€2,895 | +23.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,417 | €10,312 | +€2,895 | +39.0% |
| Distributable reserves | 133 | €7,417 | €10,312 | +€2,895 | +39.0% |
| Amounts payable | 17/49 | €4,819 | €13,308 | +€8,489 | +176% |
| Amounts payable within one year | 42/48 | €4,819 | €12,653 | +€7,835 | +163% |
| Trade debts | 44 | €460 | €5,701 | +€5,241 | +1,140% |
| Suppliers | 440/4 | €460 | €5,701 | +€5,241 | +1,140% |
| Taxes, remuneration and social security | 45 | €4,359 | €6,952 | +€2,593 | +59.5% |
| Taxes | 450/3 | €4,359 | €4,652 | +€293 | +6.7% |
| Remuneration and social security | 454/9 | - | €2,300 | +€2,300 | |
| Accrued charges and deferred income | 492/3 | - | €654 | +€654 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €1,740 | +€1,596 | +1,111% |
| Other operating charges | 640/8 | €815 | €656 | -€158 | -19.4% |
| Non-recurring operating charges | 66A | €3,067 | €0 | -€3,067 | -100% |
| Gross operating margin | 9900 | €13,825 | €8,147 | -€5,677 | -41.1% |
| Operating profit (loss) | 9901 | €9,799 | €5,751 | -€4,048 | -41.3% |
| Financial income | 75/76B | €19 | €40 | +€21 | +112% |
| Recurring financial income | 75 | €19 | €40 | +€21 | +112% |
| Financial charges | 65/66B | €438 | €1,325 | +€886 | +202% |
| Recurring financial charges | 65 | €438 | €1,325 | +€886 | +202% |
| Profit (loss) for the period before taxes | 9903 | €9,380 | €4,467 | -€4,913 | -52.4% |
| Income taxes | 67/77 | €1,963 | €1,572 | -€391 | -19.9% |
| Profit (loss) for the period | 9904 | €7,417 | €2,895 | -€4,522 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,417 | €2,895 | -€4,522 | -61.0% |
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.