M GROUP: 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 GROUP
Largest movements
- Cash +€2,813
up €2,813 (+167.5%), from €1,680 to €4,492
mainly Depreciation (+€838) and Receivables within one year (+€734)
- Tangible fixed assets -€838
down €838 (-42.2%), from €1,986 to €1,149
of which Plant, machinery and equipment: -€787
- Receivables within one year -€734
down €734 (-50.5%), from €1,453 to €719
of which Trade receivables: -€1,259
- Profit (loss) carried forward +€705
up €705 (+5.0%), from -€14,206 to -€13,501
- Trade debts +€299
up €299 (+41.2%), from €725 to €1,024
- Current portion of long-term debt +€237
new in 2025: €237
- Other operating charges -€9,513
down €9,513 (-96.1%), from €9,901 to €387
- Gross operating margin +€1,746
up €1,746 (+483.9%), from €361 to €2,106
- Depreciation -€1,120
down €1,120 (-57.2%), from €1,958 to €838
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 | €5,119 | €6,360 | +€1,241 | +24.2% |
| Fixed assets | 21/28 | €1,986 | €1,149 | -€838 | -42.2% |
| Tangible fixed assets | 22/27 | €1,986 | €1,149 | -€838 | -42.2% |
| Plant, machinery and equipment | 23 | €1,936 | €1,149 | -€787 | -40.7% |
| Furniture and vehicles | 24 | €51 | - | -€51 | |
| Current assets | 29/58 | €3,133 | €5,211 | +€2,078 | +66.3% |
| Amounts receivable within one year | 40/41 | €1,453 | €719 | -€734 | -50.5% |
| Trade receivables | 40 | €1,259 | - | -€1,259 | |
| Other amounts receivable | 41 | €195 | €719 | +€525 | +269.8% |
| Cash at bank and in hand | 54/58 | €1,680 | €4,492 | +€2,813 | +167.5% |
| Total equity and liabilities | 10/49 | €5,119 | €6,360 | +€1,241 | +24.2% |
| Equity | 10/15 | €4,394 | €5,099 | +€705 | +16.0% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,206 | -€13,501 | +€705 | +5.0% |
| Amounts payable | 17/49 | €725 | €1,261 | +€536 | +73.9% |
| Amounts payable within one year | 42/48 | €725 | €1,261 | +€536 | +73.9% |
| Current portion of amounts payable after more than one year | 42 | - | €237 | +€237 | |
| Trade debts | 44 | €725 | €1,024 | +€299 | +41.2% |
| Suppliers | 440/4 | €725 | €1,024 | +€299 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,958 | €838 | -€1,120 | -57.2% |
| Other operating charges | 640/8 | €9,901 | €387 | -€9,513 | -96.1% |
| Gross operating margin | 9900 | €361 | €2,106 | +€1,746 | +483.9% |
| Operating profit (loss) | 9901 | -€11,498 | €881 | +€12,379 | |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €173 | €190 | +€17 | +10.1% |
| Recurring financial charges | 65 | €173 | €190 | +€17 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,670 | €705 | +€12,375 | |
| Profit (loss) for the period | 9904 | -€11,670 | €705 | +€12,375 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,670 | €705 | +€12,375 |
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 11 October 2026 via checked.be.