M CONSOLIDATED ONE: what changed
M CONSOLIDATED ONE
Largest movements
- Cash +€13,414
up €13,414 (+30.9%), from €43,446 to €56,859
mainly Other debts (+€17,527) and Net result for the year (+€16,038)
- Receivables within one year -€4,387
down €4,387 (-14.7%), from €29,814 to €25,427
- Stocks and contracts -€2,332
down €2,332 (-9.4%), from €24,803 to €22,471
- Tangible fixed assets -€1,534
down €1,534 (-60.3%), from €2,545 to €1,011
of which Plant, machinery and equipment: -€1,111
- Other debts +€17,527
up €17,527 (+35.3%), from €49,670 to €67,196
- Trade debts -€6,692
down €6,692 (-75.1%), from €8,909 to €2,217
- Profit (loss) carried forward -€4,283
down €4,283 (-21.1%), from €20,320 to €16,038
- Tax, wage and social debts -€1,309
down €1,309 (-19.4%), from €6,757 to €5,448
of which Taxes: -€1,114
- Gross operating margin -€11,223
down €11,223 (-14.5%), from €77,428 to €66,205
- Staff costs -€4,166
down €4,166 (-9.1%), from €45,970 to €41,804
- Taxes -€2,270
down €2,270 (-28.4%), from €8,000 to €5,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,117 | €111,359 | +€5,243 | +4.9% |
| Fixed assets | 21/28 | €7,705 | €6,171 | -€1,534 | -19.9% |
| Tangible fixed assets | 22/27 | €2,545 | €1,011 | -€1,534 | -60.3% |
| Plant, machinery and equipment | 23 | €2,121 | €1,011 | -€1,111 | -52.4% |
| Other tangible fixed assets | 26 | €424 | - | -€424 | |
| Financial fixed assets | 28 | €5,160 | €5,160 | = | 0.0% |
| Current assets | 29/58 | €98,412 | €105,189 | +€6,777 | +6.9% |
| Stocks and contracts in progress | 3 | €24,803 | €22,471 | -€2,332 | -9.4% |
| Stocks | 30/36 | €24,803 | €22,471 | -€2,332 | -9.4% |
| Amounts receivable within one year | 40/41 | €29,814 | €25,427 | -€4,387 | -14.7% |
| Other amounts receivable | 41 | €29,814 | €25,427 | -€4,387 | -14.7% |
| Cash at bank and in hand | 54/58 | €43,446 | €56,859 | +€13,414 | +30.9% |
| Deferred charges and accrued income | 490/1 | €349 | €431 | +€82 | +23.6% |
| Total equity and liabilities | 10/49 | €106,117 | €111,359 | +€5,243 | +4.9% |
| Equity | 10/15 | €40,780 | €36,498 | -€4,283 | -10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,320 | €16,038 | -€4,283 | -21.1% |
| Amounts payable | 17/49 | €65,336 | €74,861 | +€9,525 | +14.6% |
| Amounts payable within one year | 42/48 | €65,336 | €74,861 | +€9,525 | +14.6% |
| Trade debts | 44 | €8,909 | €2,217 | -€6,692 | -75.1% |
| Suppliers | 440/4 | €8,909 | €2,217 | -€6,692 | -75.1% |
| Taxes, remuneration and social security | 45 | €6,757 | €5,448 | -€1,309 | -19.4% |
| Taxes | 450/3 | €1,365 | €251 | -€1,114 | -81.6% |
| Remuneration and social security | 454/9 | €5,393 | €5,197 | -€195 | -3.6% |
| Other amounts payable | 47/48 | €49,670 | €67,196 | +€17,527 | +35.3% |
| Remuneration, social security and pensions | 62 | €45,970 | €41,804 | -€4,166 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,678 | €1,534 | -€144 | -8.6% |
| Other operating charges | 640/8 | €512 | €525 | +€12 | +2.4% |
| Gross operating margin | 9900 | €77,428 | €66,205 | -€11,223 | -14.5% |
| Operating profit (loss) | 9901 | €29,267 | €22,342 | -€6,925 | -23.7% |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €953 | €574 | -€379 | -39.8% |
| Recurring financial charges | 65 | €953 | €574 | -€379 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €28,320 | €21,768 | -€6,552 | -23.1% |
| Income taxes | 67/77 | €8,000 | €5,730 | -€2,270 | -28.4% |
| Profit (loss) for the period | 9904 | €20,320 | €16,038 | -€4,283 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,320 | €16,038 | -€4,283 | -21.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.