M INVEST+: 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 INVEST+
Largest movements
- Deferred charges and accrued income +€2,500
up €2,500 (+11.8%), from €21,200 to €23,700
- Other debts +€4,951
up €4,951 (+11.8%), from €41,812 to €46,763
- Trade debts -€1,828
down €1,828 (-80.6%), from €2,268 to €440
- Financial income -€2,500
down €2,500 (-50.0%), from €5,000 to €2,500
- Gross operating margin +€1,886
up €1,886 (+54.8%), from -€3,441 to -€1,555
- Other operating charges -€208
down €208 (-34.2%), from €607 to €400
- Taxes -€152
down €152 (-79.9%), from €190 to €38
- Financial charges +€148
up €148 (+58.3%), from €254 to €402
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 | €151,290 | €153,535 | +€2,246 | +1.5% |
| Current assets | 29/58 | €151,290 | €153,535 | +€2,246 | +1.5% |
| Current investments | 50/53 | €127,500 | €127,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,590 | €2,335 | -€254 | -9.8% |
| Deferred charges and accrued income | 490/1 | €21,200 | €23,700 | +€2,500 | +11.8% |
| Total equity and liabilities | 10/49 | €151,290 | €153,535 | +€2,246 | +1.5% |
| Equity | 10/15 | €105,999 | €106,104 | +€105 | +0.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €779 | €884 | +€105 | +13.5% |
| Non-distributable reserves | 130/1 | €779 | €884 | +€105 | +13.5% |
| Legal reserve | 130 | €779 | €884 | +€105 | +13.5% |
| Profit (loss) carried forward | 14 | €5,220 | €5,220 | = | 0.0% |
| Amounts payable | 17/49 | €45,291 | €47,431 | +€2,141 | +4.7% |
| Amounts payable within one year | 42/48 | €44,299 | €47,431 | +€3,132 | +7.1% |
| Trade debts | 44 | €2,268 | €440 | -€1,828 | -80.6% |
| Suppliers | 440/4 | €2,268 | €440 | -€1,828 | -80.6% |
| Taxes, remuneration and social security | 45 | €219 | €228 | +€10 | +4.5% |
| Taxes | 450/3 | €219 | €228 | +€10 | +4.5% |
| Other amounts payable | 47/48 | €41,812 | €46,763 | +€4,951 | +11.8% |
| Accrued charges and deferred income | 492/3 | €992 | €0 | -€992 | -100% |
| Other operating charges | 640/8 | €607 | €400 | -€208 | -34.2% |
| Gross operating margin | 9900 | -€3,441 | -€1,555 | +€1,886 | +54.8% |
| Operating profit (loss) | 9901 | -€4,048 | -€1,955 | +€2,094 | +51.7% |
| Financial income | 75/76B | €5,000 | €2,500 | -€2,500 | -50.0% |
| Recurring financial income | 75 | €5,000 | €2,500 | -€2,500 | -50.0% |
| Financial charges | 65/66B | €254 | €402 | +€148 | +58.3% |
| Recurring financial charges | 65 | €254 | €402 | +€148 | +58.3% |
| Profit (loss) for the period before taxes | 9903 | €698 | €143 | -€554 | -79.4% |
| Income taxes | 67/77 | €190 | €38 | -€152 | -79.9% |
| Profit (loss) for the period | 9904 | €508 | €105 | -€402 | -79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €508 | €105 | -€402 | -79.3% |
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 31 October 2026 via checked.be.