M GROUP: what changed
Two fiscal 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
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€58,559
up €58,559 (+37.8%), from €154,898 to €213,457
- Debts after one year -€42,495
down €42,495 (-8.0%), from €530,050 to €487,555
of which Financial debts: -€42,495
- Profit (loss) carried forward -€17,233
down €17,233 (-41.8%), from -€41,188 to -€58,421
- Financial income -€12,000
down €12,000 (-100.0%), from €12,000 to €0
- Financial charges -€1,369
down €1,369 (-9.7%), from €14,048 to €12,680
- Gross operating margin +€843
up €843 (+16.9%), from -€4,996 to -€4,154
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 | €691,626 | €690,955 | -€671 | -0.1% |
| Fixed assets | 21/28 | €690,000 | €690,000 | = | 0.0% |
| Financial fixed assets | 28 | €690,000 | €690,000 | = | 0.0% |
| Current assets | 29/58 | €1,626 | €955 | -€671 | -41.3% |
| Amounts receivable within one year | 40/41 | €1,579 | €500 | -€1,079 | -68.3% |
| Trade receivables | 40 | €1,079 | €0 | -€1,079 | -100.0% |
| Other amounts receivable | 41 | €500 | €500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47 | €455 | +€408 | +866.5% |
| Total equity and liabilities | 10/49 | €691,626 | €690,955 | -€671 | -0.1% |
| Equity | 10/15 | -€40,188 | -€57,421 | -€17,233 | -42.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,188 | -€58,421 | -€17,233 | -41.8% |
| Amounts payable | 17/49 | €731,814 | €748,376 | +€16,562 | +2.3% |
| Amounts payable after more than one year | 17 | €530,050 | €487,555 | -€42,495 | -8.0% |
| Financial debts | 170/4 | €331,050 | €288,555 | -€42,495 | -12.8% |
| Other amounts payable | 178/9 | €199,000 | €199,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,634 | €259,827 | +€59,192 | +29.5% |
| Current portion of amounts payable after more than one year | 42 | €44,395 | €45,970 | +€1,574 | +3.5% |
| Trade debts | 44 | €1,341 | €400 | -€941 | -70.2% |
| Suppliers | 440/4 | €1,341 | €400 | -€941 | -70.2% |
| Other amounts payable | 47/48 | €154,898 | €213,457 | +€58,559 | +37.8% |
| Accrued charges and deferred income | 492/3 | €1,129 | €994 | -€135 | -12.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€4,996 | -€4,154 | +€843 | +16.9% |
| Operating profit (loss) | 9901 | -€5,384 | -€4,554 | +€830 | +15.4% |
| Financial income | 75/76B | €12,000 | €0 | -€12,000 | -100.0% |
| Recurring financial income | 75 | €12,000 | €0 | -€12,000 | -100.0% |
| Financial charges | 65/66B | €14,048 | €12,680 | -€1,369 | -9.7% |
| Recurring financial charges | 65 | €14,048 | €12,680 | -€1,369 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,432 | -€17,233 | -€9,801 | -131.9% |
| Profit (loss) for the period | 9904 | -€7,432 | -€17,233 | -€9,801 | -131.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,432 | -€17,233 | -€9,801 | -131.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.