M Finition: 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 Finition
Largest movements
- Receivables within one year +€6,624
up €6,624 (+61.2%), from €10,831 to €17,455
of which Trade receivables: +€7,434
- Tangible fixed assets -€5,405
down €5,405 (-26.1%), from €20,694 to €15,289
of which Furniture and vehicles: -€4,795
- Cash -€3,708
down €3,708 (-20.2%), from €18,367 to €14,659
mainly Receivables within one year (-€6,624) and Investment in fixed assets (net) (-€4,795)
- Trade debts +€6,480
up €6,480 (+4,060%), from €160 to €6,640
- Tax, wage and social debts -€4,276
down €4,276 (-42.9%), from €9,975 to €5,699
of which Taxes: -€6,746
- Other debts -€3,918
down €3,918 (-48.2%), from €8,125 to €4,206
- Accrued charges and deferred income -€1,163
down €1,163 (-29.6%), from €3,925 to €2,762
- Gross operating margin -€21,760
down €21,760 (-65.9%), from €33,018 to €11,258
- Taxes -€6,746
down €6,746 (-99.3%), from €6,790 to €44
- Depreciation +€3,573
up €3,573 (+53.9%), from €6,627 to €10,200
- Other operating charges -€515
down €515 (-36.7%), from €1,404 to €889
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 | €50,271 | €47,403 | -€2,868 | -5.7% |
| Fixed assets | 21/28 | €20,694 | €15,289 | -€5,405 | -26.1% |
| Tangible fixed assets | 22/27 | €20,694 | €15,289 | -€5,405 | -26.1% |
| Plant, machinery and equipment | 23 | €1,145 | €536 | -€610 | -53.2% |
| Furniture and vehicles | 24 | €19,548 | €14,753 | -€4,795 | -24.5% |
| Current assets | 29/58 | €29,578 | €32,114 | +€2,537 | +8.6% |
| Amounts receivable within one year | 40/41 | €10,831 | €17,455 | +€6,624 | +61.2% |
| Trade receivables | 40 | €7,989 | €15,424 | +€7,434 | +93.1% |
| Other amounts receivable | 41 | €2,842 | €2,031 | -€811 | -28.5% |
| Cash at bank and in hand | 54/58 | €18,367 | €14,659 | -€3,708 | -20.2% |
| Deferred charges and accrued income | 490/1 | €379 | €0 | -€379 | -100% |
| Total equity and liabilities | 10/49 | €50,271 | €47,403 | -€2,868 | -5.7% |
| Equity | 10/15 | €28,087 | €28,097 | +€10 | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €18,087 | €18,087 | = | 0.0% |
| Distributable reserves | 133 | €18,087 | €18,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €10 | +€10 | |
| Amounts payable | 17/49 | €22,184 | €19,307 | -€2,877 | -13.0% |
| Amounts payable within one year | 42/48 | €18,259 | €16,545 | -€1,715 | -9.4% |
| Trade debts | 44 | €160 | €6,640 | +€6,480 | +4,060% |
| Suppliers | 440/4 | €160 | €6,640 | +€6,480 | +4,060% |
| Taxes, remuneration and social security | 45 | €9,975 | €5,699 | -€4,276 | -42.9% |
| Taxes | 450/3 | €6,790 | €44 | -€6,746 | -99.3% |
| Remuneration and social security | 454/9 | €3,185 | €5,654 | +€2,469 | +77.5% |
| Other amounts payable | 47/48 | €8,125 | €4,206 | -€3,918 | -48.2% |
| Accrued charges and deferred income | 492/3 | €3,925 | €2,762 | -€1,163 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,627 | €10,200 | +€3,573 | +53.9% |
| Other operating charges | 640/8 | €1,404 | €889 | -€515 | -36.7% |
| Gross operating margin | 9900 | €33,018 | €11,258 | -€21,760 | -65.9% |
| Operating profit (loss) | 9901 | €24,987 | €170 | -€24,817 | -99.3% |
| Financial income | 75/76B | €0 | €27 | +€27 | +45,000% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +45,000% |
| Financial charges | 65/66B | €110 | €143 | +€33 | +29.9% |
| Recurring financial charges | 65 | €110 | €143 | +€33 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €24,877 | €54 | -€24,823 | -99.8% |
| Income taxes | 67/77 | €6,790 | €44 | -€6,746 | -99.3% |
| Profit (loss) for the period | 9904 | €18,087 | €10 | -€18,077 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,087 | €10 | -€18,077 | -99.9% |
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 27 October 2026 via checked.be.