M en M PEERAER: 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 en M PEERAER
Largest movements
- Tangible fixed assets -€17,541
down €17,541 (-2.5%), from €700,531 to €682,989
of which Land and buildings: -€22,768
- Receivables within one year -€10,905
down €10,905 (-99.2%), from €10,992 to €87
of which Trade receivables: -€9,680
- Cash +€9,890
up €9,890 (+270%), from €3,660 to €13,550
mainly Net result for the year (+€121,960) and Depreciation (+€23,541)
- Trade debts -€56,055
down €56,055 (-37.1%), from €151,059 to €95,004
- Reserves +€22,158
up €22,158 (+3.5%), from €629,663 to €651,820
- Other debts +€11,030
up €11,030 (+23.9%), from €46,065 to €57,095
- Gross operating margin +€39,909
up €39,909 (+36.7%), from €108,608 to €148,518
- Taxes +€13,700
up €13,700 (+47.8%), from €28,692 to €42,392
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 | €856,930 | €840,257 | -€16,673 | -1.9% |
| Fixed assets | 21/28 | €841,214 | €823,672 | -€17,541 | -2.1% |
| Tangible fixed assets | 22/27 | €700,531 | €682,989 | -€17,541 | -2.5% |
| Land and buildings | 22 | €653,191 | €630,423 | -€22,768 | -3.5% |
| Plant, machinery and equipment | 23 | €1,689 | €1,275 | -€414 | -24.5% |
| Furniture and vehicles | 24 | €425 | €65 | -€360 | -84.7% |
| Other tangible fixed assets | 26 | €45,226 | €51,226 | +€6,000 | +13.3% |
| Financial fixed assets | 28 | €140,683 | €140,683 | = | 0.0% |
| Current assets | 29/58 | €15,716 | €16,585 | +€868 | +5.5% |
| Amounts receivable within one year | 40/41 | €10,992 | €87 | -€10,905 | -99.2% |
| Trade receivables | 40 | €9,680 | - | -€9,680 | |
| Other amounts receivable | 41 | €1,312 | €87 | -€1,225 | -93.4% |
| Cash at bank and in hand | 54/58 | €3,660 | €13,550 | +€9,890 | +270% |
| Deferred charges and accrued income | 490/1 | €1,065 | €2,948 | +€1,883 | +177% |
| Total equity and liabilities | 10/49 | €856,930 | €840,257 | -€16,673 | -1.9% |
| Equity | 10/15 | €636,061 | €658,020 | +€21,960 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €629,663 | €651,820 | +€22,158 | +3.5% |
| Distributable reserves | 133 | €629,663 | €651,820 | +€22,158 | +3.5% |
| Profit (loss) carried forward | 14 | €198 | - | -€198 | |
| Amounts payable | 17/49 | €220,869 | €182,237 | -€38,633 | -17.5% |
| Amounts payable within one year | 42/48 | €220,869 | €182,237 | -€38,633 | -17.5% |
| Financial debts | 43 | €18,897 | €22,199 | +€3,302 | +17.5% |
| Credit institutions | 430/8 | €18,897 | €22,199 | +€3,302 | +17.5% |
| Trade debts | 44 | €151,059 | €95,004 | -€56,055 | -37.1% |
| Suppliers | 440/4 | €151,059 | €95,004 | -€56,055 | -37.1% |
| Taxes, remuneration and social security | 45 | €4,848 | €7,939 | +€3,091 | +63.7% |
| Taxes | 450/3 | €4,848 | €7,939 | +€3,091 | +63.7% |
| Other amounts payable | 47/48 | €46,065 | €57,095 | +€11,030 | +23.9% |
| Non-recurring operating income | 76A | €17,000 | - | -€17,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,113 | €23,541 | +€1,428 | +6.5% |
| Other operating charges | 640/8 | €2,578 | €2,322 | -€256 | -9.9% |
| Gross operating margin | 9900 | €108,608 | €148,518 | +€39,909 | +36.7% |
| Operating profit (loss) | 9901 | €83,917 | €122,654 | +€38,737 | +46.2% |
| Financial income | 75/76B | €45,012 | €45,008 | -€4 | 0.0% |
| Recurring financial income | 75 | €45,012 | €45,008 | -€4 | 0.0% |
| Financial charges | 65/66B | €3,355 | €3,311 | -€45 | -1.3% |
| Recurring financial charges | 65 | €3,355 | €3,311 | -€45 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €125,574 | €164,352 | +€38,778 | +30.9% |
| Income taxes | 67/77 | €28,692 | €42,392 | +€13,700 | +47.8% |
| Profit (loss) for the period | 9904 | €96,882 | €121,960 | +€25,078 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €96,882 | €121,960 | +€25,078 | +25.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.