M & D TEAM: 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 & D TEAM
Largest movements
- Cash -€461
down €461 (-5.9%), from €7,836 to €7,375
mainly Receivables within one year (-€429) and Other debts (-€255)
- Receivables within one year +€429
new in 2025: €429
- Trade debts +€363
new in 2025: €363
- Other debts -€255
no longer reported in 2025 (was €255)
- Tax, wage and social debts -€183
down €183 (-14.8%), from €1,238 to €1,056
- Taxes +€1,290
new in 2025: €1,290
- Other operating charges +€734
new in 2025: €734
- Gross operating margin +€292
up €292 (+14.3%), from €2,044 to €2,336
- Financial charges -€37
down €37 (-12.2%), from €307 to €269
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 | €7,836 | €7,804 | -€32 | -0.4% |
| Current assets | 29/58 | €7,836 | €7,804 | -€32 | -0.4% |
| Amounts receivable within one year | 40/41 | - | €429 | +€429 | |
| Other amounts receivable | 41 | - | €429 | +€429 | |
| Cash at bank and in hand | 54/58 | €7,836 | €7,375 | -€461 | -5.9% |
| Total equity and liabilities | 10/49 | €7,836 | €7,804 | -€32 | -0.4% |
| Equity | 10/15 | €6,343 | €6,385 | +€42 | +0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,343 | €1,385 | +€42 | +3.2% |
| Amounts payable | 17/49 | €1,493 | €1,419 | -€75 | -5.0% |
| Amounts payable within one year | 42/48 | €1,493 | €1,419 | -€75 | -5.0% |
| Trade debts | 44 | - | €363 | +€363 | |
| Suppliers | 440/4 | - | €363 | +€363 | |
| Taxes, remuneration and social security | 45 | €1,238 | €1,056 | -€183 | -14.8% |
| Taxes | 450/3 | €1,238 | €1,056 | -€183 | -14.8% |
| Other amounts payable | 47/48 | €255 | - | -€255 | |
| Other operating charges | 640/8 | - | €734 | +€734 | |
| Gross operating margin | 9900 | €2,044 | €2,336 | +€292 | +14.3% |
| Operating profit (loss) | 9901 | €2,044 | €1,602 | -€443 | -21.7% |
| Financial charges | 65/66B | €307 | €269 | -€37 | -12.2% |
| Recurring financial charges | 65 | €307 | €269 | -€37 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €1,737 | €1,332 | -€405 | -23.3% |
| Income taxes | 67/77 | - | €1,290 | +€1,290 | |
| Profit (loss) for the period | 9904 | €1,737 | €42 | -€1,695 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,737 | €42 | -€1,695 | -97.6% |
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 24 October 2026 via checked.be.