M&L ADVICE: 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&L ADVICE
Largest movements
- Current investments +€20,000
new in 2025: €20,000
- Cash -€11,985
down €11,985 (-27.7%), from €43,230 to €31,245
mainly Current investments (-€20,000) and Contributions, distributions and other (-€10,000)
- Receivables within one year +€5,822
up €5,822 (+37.4%), from €15,587 to €21,409
of which Other amounts receivable: +€8,312
- Tangible fixed assets +€967
up €967 (+23.9%), from €4,042 to €5,009
of which Plant, machinery and equipment: +€1,957
- Reserves +€29,000
up €29,000 (+145%), from €20,000 to €49,000
- Profit (loss) carried forward -€23,992
down €23,992 (-97.0%), from €24,740 to €749
- Other debts +€10,512
up €10,512 (+2,998%), from €351 to €10,863
- Tax, wage and social debts -€2,747
down €2,747 (-25.9%), from €10,623 to €7,876
- Trade debts +€1,686
up €1,686 (+91.0%), from €1,852 to €3,538
- Gross operating margin -€13,004
down €13,004 (-31.9%), from €40,721 to €27,717
- Taxes -€2,004
down €2,004 (-20.3%), from €9,880 to €7,876
- Depreciation +€695
up €695 (+46.6%), from €1,492 to €2,187
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 | €63,566 | €78,025 | +€14,459 | +22.7% |
| Fixed assets | 21/28 | €4,159 | €5,127 | +€967 | +23.3% |
| Tangible fixed assets | 22/27 | €4,042 | €5,009 | +€967 | +23.9% |
| Plant, machinery and equipment | 23 | - | €1,957 | +€1,957 | |
| Furniture and vehicles | 24 | €4,042 | €3,053 | -€989 | -24.5% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €59,407 | €72,898 | +€13,491 | +22.7% |
| Amounts receivable within one year | 40/41 | €15,587 | €21,409 | +€5,822 | +37.4% |
| Trade receivables | 40 | €15,587 | €13,097 | -€2,489 | -16.0% |
| Other amounts receivable | 41 | - | €8,312 | +€8,312 | |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €43,230 | €31,245 | -€11,985 | -27.7% |
| Deferred charges and accrued income | 490/1 | €591 | €245 | -€346 | -58.6% |
| Total equity and liabilities | 10/49 | €63,566 | €78,025 | +€14,459 | +22.7% |
| Equity | 10/15 | €50,740 | €55,749 | +€5,008 | +9.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €49,000 | +€29,000 | +145% |
| Distributable reserves | 133 | €20,000 | €49,000 | +€29,000 | +145% |
| Profit (loss) carried forward | 14 | €24,740 | €749 | -€23,992 | -97.0% |
| Amounts payable | 17/49 | €12,826 | €22,276 | +€9,450 | +73.7% |
| Amounts payable within one year | 42/48 | €12,826 | €22,276 | +€9,450 | +73.7% |
| Trade debts | 44 | €1,852 | €3,538 | +€1,686 | +91.0% |
| Suppliers | 440/4 | €1,852 | €3,538 | +€1,686 | +91.0% |
| Taxes, remuneration and social security | 45 | €10,623 | €7,876 | -€2,747 | -25.9% |
| Taxes | 450/3 | €10,623 | €7,876 | -€2,747 | -25.9% |
| Other amounts payable | 47/48 | €351 | €10,863 | +€10,512 | +2,998% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €2,187 | +€695 | +46.6% |
| Other operating charges | 640/8 | €1,070 | €890 | -€180 | -16.8% |
| Gross operating margin | 9900 | €40,721 | €27,717 | -€13,004 | -31.9% |
| Operating profit (loss) | 9901 | €38,159 | €24,640 | -€13,519 | -35.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,410 | €1,756 | +€346 | +24.5% |
| Recurring financial charges | 65 | €1,410 | €1,756 | +€346 | +24.5% |
| Profit (loss) for the period before taxes | 9903 | €36,749 | €22,884 | -€13,865 | -37.7% |
| Income taxes | 67/77 | €9,880 | €7,876 | -€2,004 | -20.3% |
| Profit (loss) for the period | 9904 | €26,869 | €15,008 | -€11,861 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,869 | €15,008 | -€11,861 | -44.1% |
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 29 October 2026 via checked.be.