M-FLOORS: 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-FLOORS
Largest movements
- Receivables within one year +€270,522
up €270,522 (+85.1%), from €317,796 to €588,318
of which Trade receivables: +€209,519
- Stocks and contracts +€57,172
up €57,172 (+217%), from €26,318 to €83,490
of which Contracts in progress: +€54,303
- Tangible fixed assets +€25,868
up €25,868 (+1,062%), from €2,435 to €28,303
of which Furniture and vehicles: +€21,815
- Cash -€14,220
down €14,220 (-77.8%), from €18,267 to €4,046
mainly Receivables within one year (-€270,522) and Stocks and contracts (-€57,172)
- Trade debts +€225,098
up €225,098 (+363%), from €62,000 to €287,098
- Reserves +€74,070
up €74,070 (+31.3%), from €236,382 to €310,452
of which Distributable reserves: +€74,070
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Short-term financial debts -€13,464
down €13,464 (-53.9%), from €25,000 to €11,536
of which Credit institutions: -€25,000
- Gross operating margin +€63,860
up €63,860 (+63.7%), from €100,276 to €164,136
- Financial charges +€13,203
up €13,203 (+304%), from €4,340 to €17,542
- Taxes +€11,823
up €11,823 (+60.9%), from €19,421 to €31,244
- Depreciation +€8,170
up €8,170 (+529%), from €1,545 to €9,715
- Staff costs +€2,319
up €2,319 (+9.3%), from €25,047 to €27,365
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 | €372,706 | €711,026 | +€338,320 | +90.8% |
| Fixed assets | 21/28 | €2,480 | €28,348 | +€25,868 | +1,043% |
| Tangible fixed assets | 22/27 | €2,435 | €28,303 | +€25,868 | +1,062% |
| Plant, machinery and equipment | 23 | €535 | €320 | -€215 | -40.2% |
| Furniture and vehicles | 24 | €1,900 | €23,715 | +€21,815 | +1,148% |
| Other tangible fixed assets | 26 | - | €4,268 | +€4,268 | |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €370,226 | €682,678 | +€312,452 | +84.4% |
| Stocks and contracts in progress | 3 | €26,318 | €83,490 | +€57,172 | +217% |
| Stocks | 30/36 | €26,318 | €29,187 | +€2,869 | +10.9% |
| Contracts in progress | 37 | - | €54,303 | +€54,303 | |
| Amounts receivable within one year | 40/41 | €317,796 | €588,318 | +€270,522 | +85.1% |
| Trade receivables | 40 | €261,264 | €470,782 | +€209,519 | +80.2% |
| Other amounts receivable | 41 | €56,532 | €117,535 | +€61,003 | +108% |
| Cash at bank and in hand | 54/58 | €18,267 | €4,046 | -€14,220 | -77.8% |
| Deferred charges and accrued income | 490/1 | €7,845 | €6,824 | -€1,021 | -13.0% |
| Total equity and liabilities | 10/49 | €372,706 | €711,026 | +€338,320 | +90.8% |
| Equity | 10/15 | €254,982 | €329,052 | +€74,070 | +29.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,382 | €310,452 | +€74,070 | +31.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €236,382 | €310,452 | +€74,070 | +31.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €117,724 | €381,974 | +€264,250 | +224% |
| Amounts payable within one year | 42/48 | €117,724 | €381,624 | +€263,900 | +224% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | €25,000 | €11,536 | -€13,464 | -53.9% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Other loans | 439 | - | €11,536 | +€11,536 | |
| Trade debts | 44 | €62,000 | €287,098 | +€225,098 | +363% |
| Suppliers | 440/4 | €62,000 | €287,098 | +€225,098 | +363% |
| Taxes, remuneration and social security | 45 | €12,019 | €14,545 | +€2,526 | +21.0% |
| Taxes | 450/3 | €9,421 | €10,988 | +€1,567 | +16.6% |
| Remuneration and social security | 454/9 | €2,598 | €3,557 | +€959 | +36.9% |
| Other amounts payable | 47/48 | €18,704 | €18,444 | -€260 | -1.4% |
| Accrued charges and deferred income | 492/3 | €0 | €350 | +€350 | |
| Remuneration, social security and pensions | 62 | €25,047 | €27,365 | +€2,319 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,545 | €9,715 | +€8,170 | +529% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,729 | €2,213 | -€516 | -18.9% |
| Gross operating margin | 9900 | €100,276 | €164,136 | +€63,860 | +63.7% |
| Operating profit (loss) | 9901 | €70,956 | €124,843 | +€53,887 | +75.9% |
| Financial income | 75/76B | €97 | €2 | -€96 | -98.2% |
| Recurring financial income | 75 | €97 | €2 | -€96 | -98.2% |
| Financial charges | 65/66B | €4,340 | €17,542 | +€13,203 | +304% |
| Recurring financial charges | 65 | €4,340 | €17,542 | +€13,203 | +304% |
| Profit (loss) for the period before taxes | 9903 | €66,713 | €107,302 | +€40,589 | +60.8% |
| Income taxes | 67/77 | €19,421 | €31,244 | +€11,823 | +60.9% |
| Profit (loss) for the period | 9904 | €47,292 | €76,058 | +€28,766 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,292 | €76,058 | +€28,766 | +60.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.