M en M Services: 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 Services
Largest movements
- Cash -€74,966
down €74,966 (-23.5%), from €318,729 to €243,763
mainly Stocks and contracts (-€64,956) and Contributions, distributions and other (-€41,000)
- Stocks and contracts +€64,956
up €64,956 (+26.2%), from €248,388 to €313,343
- Tangible fixed assets -€62,614
down €62,614 (-13.6%), from €461,330 to €398,715
of which Land and buildings: -€52,439
- Receivables within one year +€36,861
up €36,861 (+45.1%), from €81,649 to €118,510
of which Other amounts receivable: +€41,089
- Other debts -€39,376
down €39,376 (-97.2%), from €40,496 to €1,120
- Reserves +€29,000
up €29,000 (+8.2%), from €352,929 to €381,929
- Tax, wage and social debts -€19,715
down €19,715 (-30.7%), from €64,135 to €44,420
of which Remuneration and social security: -€10,767
- Current portion of long-term debt -€18,374
down €18,374 (-100%), from €18,374 to €0
- Gross operating margin -€131,544
down €131,544 (-27.2%), from €483,212 to €351,667
- Taxes -€30,893
down €30,893 (-46.8%), from €66,022 to €35,129
- Staff costs -€22,915
down €22,915 (-12.5%), from €182,636 to €159,721
- Other operating charges -€13,149
down €13,149 (-47.3%), from €27,783 to €14,634
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 | €1,118,745 | €1,080,423 | -€38,322 | -3.4% |
| Fixed assets | 21/28 | €461,768 | €398,978 | -€62,790 | -13.6% |
| Intangible fixed assets | 21 | €439 | €263 | -€176 | -40.1% |
| Tangible fixed assets | 22/27 | €461,330 | €398,715 | -€62,614 | -13.6% |
| Land and buildings | 22 | €255,796 | €203,357 | -€52,439 | -20.5% |
| Plant, machinery and equipment | 23 | €19,433 | €14,306 | -€5,128 | -26.4% |
| Furniture and vehicles | 24 | €17,801 | €13,854 | -€3,948 | -22.2% |
| Other tangible fixed assets | 26 | €168,299 | €167,199 | -€1,100 | -0.7% |
| Current assets | 29/58 | €656,977 | €681,444 | +€24,468 | +3.7% |
| Stocks and contracts in progress | 3 | €248,388 | €313,343 | +€64,956 | +26.2% |
| Stocks | 30/36 | €248,388 | €313,343 | +€64,956 | +26.2% |
| Amounts receivable within one year | 40/41 | €81,649 | €118,510 | +€36,861 | +45.1% |
| Trade receivables | 40 | €81,649 | €77,421 | -€4,228 | -5.2% |
| Other amounts receivable | 41 | €0 | €41,089 | +€41,089 | |
| Cash at bank and in hand | 54/58 | €318,729 | €243,763 | -€74,966 | -23.5% |
| Deferred charges and accrued income | 490/1 | €8,211 | €5,827 | -€2,383 | -29.0% |
| Total equity and liabilities | 10/49 | €1,118,745 | €1,080,423 | -€38,322 | -3.4% |
| Equity | 10/15 | €959,510 | €988,589 | +€29,079 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €352,929 | €381,929 | +€29,000 | +8.2% |
| Distributable reserves | 133 | €352,929 | €381,929 | +€29,000 | +8.2% |
| Profit (loss) carried forward | 14 | €586,581 | €586,660 | +€79 | 0.0% |
| Amounts payable | 17/49 | €159,235 | €91,834 | -€67,401 | -42.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €159,235 | €91,834 | -€67,401 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €18,374 | €0 | -€18,374 | -100% |
| Trade debts | 44 | €36,231 | €46,294 | +€10,063 | +27.8% |
| Suppliers | 440/4 | €36,231 | €46,294 | +€10,063 | +27.8% |
| Taxes, remuneration and social security | 45 | €64,135 | €44,420 | -€19,715 | -30.7% |
| Taxes | 450/3 | €50,648 | €41,700 | -€8,948 | -17.7% |
| Remuneration and social security | 454/9 | €13,487 | €2,720 | -€10,767 | -79.8% |
| Other amounts payable | 47/48 | €40,496 | €1,120 | -€39,376 | -97.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €182,636 | €159,721 | -€22,915 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,872 | €74,968 | +€3,096 | +4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€297 | -€297 | = | 0.0% |
| Other operating charges | 640/8 | €27,783 | €14,634 | -€13,149 | -47.3% |
| Gross operating margin | 9900 | €483,212 | €351,667 | -€131,544 | -27.2% |
| Operating profit (loss) | 9901 | €201,217 | €102,641 | -€98,576 | -49.0% |
| Financial income | 75/76B | €2,070 | €5,539 | +€3,469 | +168% |
| Recurring financial income | 75 | €2,070 | €5,539 | +€3,469 | +168% |
| Financial charges | 65/66B | €5,954 | €2,972 | -€2,982 | -50.1% |
| Recurring financial charges | 65 | €5,954 | €2,972 | -€2,982 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €197,333 | €105,208 | -€92,125 | -46.7% |
| Income taxes | 67/77 | €66,022 | €35,129 | -€30,893 | -46.8% |
| Profit (loss) for the period | 9904 | €131,311 | €70,079 | -€61,231 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €131,311 | €70,079 | -€61,231 | -46.6% |
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 25 October 2026 via checked.be.