M DOT COM: 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 DOT COM
Largest movements
- Receivables within one year +€60,360
up €60,360 (+816.9%), from €7,389 to €67,748
of which Trade receivables: +€60,360
- Tangible fixed assets -€10,110
down €10,110 (-9.8%), from €103,084 to €92,974
of which Plant, machinery and equipment: -€7,696
- Deferred charges and accrued income -€4,241
down €4,241 (-88.9%), from €4,769 to €528
- Cash +€2,051
up €2,051 (+77.0%), from €2,662 to €4,713
mainly Net result for the year (+€27,906) and Trade debts (+€19,298)
- Profit (loss) carried forward +€27,906
up €27,906 (+11.3%), from -€247,910 to -€220,003
- Trade debts +€19,298
up €19,298 (+31.5%), from €61,243 to €80,541
- Gross operating margin +€51,994
up €51,994 (+618.7%), from €8,403 to €60,398
- Other operating charges +€9,481
up €9,481 (+82.8%), from €11,451 to €20,932
- Depreciation +€1,804
up €1,804 (+18.8%), from €9,596 to €11,400
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 | €118,152 | €166,211 | +€48,059 | +40.7% |
| Fixed assets | 21/28 | €103,332 | €93,222 | -€10,110 | -9.8% |
| Tangible fixed assets | 22/27 | €103,084 | €92,974 | -€10,110 | -9.8% |
| Land and buildings | 22 | €51,741 | €49,512 | -€2,229 | -4.3% |
| Plant, machinery and equipment | 23 | €50,787 | €43,091 | -€7,696 | -15.2% |
| Furniture and vehicles | 24 | €557 | €371 | -€186 | -33.3% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €14,820 | €72,989 | +€58,169 | +392.5% |
| Amounts receivable within one year | 40/41 | €7,389 | €67,748 | +€60,360 | +816.9% |
| Trade receivables | 40 | €7,239 | €67,598 | +€60,360 | +833.8% |
| Other amounts receivable | 41 | €150 | €150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,662 | €4,713 | +€2,051 | +77.0% |
| Deferred charges and accrued income | 490/1 | €4,769 | €528 | -€4,241 | -88.9% |
| Total equity and liabilities | 10/49 | €118,152 | €166,211 | +€48,059 | +40.7% |
| Equity | 10/15 | -€198,331 | -€170,425 | +€27,906 | +14.1% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,910 | -€220,003 | +€27,906 | +11.3% |
| Amounts payable | 17/49 | €316,483 | €336,636 | +€20,153 | +6.4% |
| Amounts payable within one year | 42/48 | €316,483 | €336,636 | +€20,153 | +6.4% |
| Trade debts | 44 | €61,243 | €80,541 | +€19,298 | +31.5% |
| Suppliers | 440/4 | €61,243 | €80,541 | +€19,298 | +31.5% |
| Other amounts payable | 47/48 | €255,240 | €256,094 | +€855 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,596 | €11,400 | +€1,804 | +18.8% |
| Other operating charges | 640/8 | €11,451 | €20,932 | +€9,481 | +82.8% |
| Gross operating margin | 9900 | €8,403 | €60,398 | +€51,994 | +618.7% |
| Operating profit (loss) | 9901 | -€12,644 | €28,066 | +€40,710 | |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €135 | €159 | +€24 | +18.0% |
| Recurring financial charges | 65 | €135 | €159 | +€24 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,729 | €27,906 | +€40,635 | |
| Profit (loss) for the period | 9904 | -€12,729 | €27,906 | +€40,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,729 | €27,906 | +€40,635 |
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 30 September 2026 via checked.be.