M. INT: 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. INT
Largest movements
- Cash +€50,869
up €50,869 (+218%), from €23,361 to €74,229
mainly Other debts (+€122,482) and Net result for the year (+€65,727)
- Receivables within one year -€46,343
down €46,343 (-98.8%), from €46,915 to €572
of which Other amounts receivable: -€30,580
- Tangible fixed assets -€15,452
down €15,452 (-35.8%), from €43,163 to €27,710
- Profit (loss) carried forward -€139,110
down €139,110 (-98.8%), from €140,837 to €1,727
- Other debts +€122,482
new in 2025: €122,482
- Tax, wage and social debts +€9,685
up €9,685 (+390%), from €2,484 to €12,169
- Trade debts -€4,015
down €4,015 (-86.6%), from €4,638 to €623
- Gross operating margin +€39,236
up €39,236 (+61.7%), from €63,620 to €102,856
- Taxes +€8,984
up €8,984 (+68.4%), from €13,141 to €22,125
- Depreciation -€4,831
down €4,831 (-23.5%), from €20,554 to €15,724
- Other operating charges +€2,055
up €2,055 (+237%), from €866 to €2,922
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 | €157,958 | €147,001 | -€10,958 | -6.9% |
| Fixed assets | 21/28 | €43,163 | €27,710 | -€15,452 | -35.8% |
| Tangible fixed assets | 22/27 | €43,163 | €27,710 | -€15,452 | -35.8% |
| Furniture and vehicles | 24 | €43,163 | €27,710 | -€15,452 | -35.8% |
| Current assets | 29/58 | €114,796 | €119,290 | +€4,495 | +3.9% |
| Amounts receivable after more than one year | 29 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,915 | €572 | -€46,343 | -98.8% |
| Trade receivables | 40 | €16,335 | €572 | -€15,763 | -96.5% |
| Other amounts receivable | 41 | €30,580 | - | -€30,580 | |
| Current investments | 50/53 | €39,390 | €39,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,361 | €74,229 | +€50,869 | +218% |
| Deferred charges and accrued income | 490/1 | €3,130 | €3,099 | -€31 | -1.0% |
| Total equity and liabilities | 10/49 | €157,958 | €147,001 | -€10,958 | -6.9% |
| Equity | 10/15 | €150,837 | €11,727 | -€139,110 | -92.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €140,837 | €1,727 | -€139,110 | -98.8% |
| Amounts payable | 17/49 | €7,122 | €135,274 | +€128,153 | +1,799% |
| Amounts payable within one year | 42/48 | €7,122 | €135,274 | +€128,153 | +1,799% |
| Trade debts | 44 | €4,638 | €623 | -€4,015 | -86.6% |
| Suppliers | 440/4 | €4,638 | €623 | -€4,015 | -86.6% |
| Taxes, remuneration and social security | 45 | €2,484 | €12,169 | +€9,685 | +390% |
| Taxes | 450/3 | €2,484 | €12,169 | +€9,685 | +390% |
| Other amounts payable | 47/48 | - | €122,482 | +€122,482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,554 | €15,724 | -€4,831 | -23.5% |
| Other operating charges | 640/8 | €866 | €2,922 | +€2,055 | +237% |
| Gross operating margin | 9900 | €63,620 | €102,856 | +€39,236 | +61.7% |
| Operating profit (loss) | 9901 | €42,199 | €84,210 | +€42,011 | +99.6% |
| Financial income | 75/76B | €4,177 | €3,708 | -€468 | -11.2% |
| Recurring financial income | 75 | €4,177 | €3,708 | -€468 | -11.2% |
| Financial charges | 65/66B | €410 | €67 | -€343 | -83.6% |
| Recurring financial charges | 65 | €410 | €67 | -€343 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | €45,966 | €87,852 | +€41,886 | +91.1% |
| Income taxes | 67/77 | €13,141 | €22,125 | +€8,984 | +68.4% |
| Profit (loss) for the period | 9904 | €32,825 | €65,727 | +€32,902 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €32,825 | €65,727 | +€32,902 | +100% |
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 14 October 2026 via checked.be.