M.L. CONSTRUCT: 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. CONSTRUCT
Largest movements
- Cash -€23,873
down €23,873 (-93.5%), from €25,524 to €1,652
mainly Receivables within one year (-€12,095) and Deferred charges and accrued income (-€6,259)
- Receivables within one year +€12,095
up €12,095 (+74.9%), from €16,154 to €28,249
of which Trade receivables: +€10,311
- Deferred charges and accrued income +€6,259
up €6,259 (+220%), from €2,849 to €9,108
- Stocks and contracts +€2,157
new in 2025: €2,157
- Tangible fixed assets -€1,731
down €1,731 (-44.6%), from €3,878 to €2,147
of which Furniture and vehicles: -€1,570
- Trade debts -€4,046
down €4,046 (-83.9%), from €4,823 to €777
- Other debts -€3,700
down €3,700 (-33.7%), from €10,982 to €7,282
- Tax, wage and social debts +€2,009
new in 2025: €2,009
- Profit (loss) carried forward +€644
up €644 (+2.6%), from €24,639 to €25,284
- Gross operating margin -€9,097
down €9,097 (-55.8%), from €16,295 to €7,198
- Taxes +€1,135
up €1,135 (+36.9%), from €3,078 to €4,213
- Other operating charges +€203
up €203 (+142%), from €143 to €346
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 | €48,505 | €43,412 | -€5,092 | -10.5% |
| Fixed assets | 21/28 | €3,978 | €2,247 | -€1,731 | -43.5% |
| Tangible fixed assets | 22/27 | €3,878 | €2,147 | -€1,731 | -44.6% |
| Plant, machinery and equipment | 23 | €204 | €43 | -€161 | -79.0% |
| Furniture and vehicles | 24 | €3,674 | €2,104 | -€1,570 | -42.7% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €44,527 | €41,166 | -€3,361 | -7.5% |
| Stocks and contracts in progress | 3 | - | €2,157 | +€2,157 | |
| Stocks | 30/36 | - | €2,157 | +€2,157 | |
| Amounts receivable within one year | 40/41 | €16,154 | €28,249 | +€12,095 | +74.9% |
| Trade receivables | 40 | €14,375 | €24,686 | +€10,311 | +71.7% |
| Other amounts receivable | 41 | €1,778 | €3,562 | +€1,784 | +100% |
| Cash at bank and in hand | 54/58 | €25,524 | €1,652 | -€23,873 | -93.5% |
| Deferred charges and accrued income | 490/1 | €2,849 | €9,108 | +€6,259 | +220% |
| Total equity and liabilities | 10/49 | €48,505 | €43,412 | -€5,092 | -10.5% |
| Equity | 10/15 | €32,699 | €33,344 | +€644 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,639 | €25,284 | +€644 | +2.6% |
| Amounts payable | 17/49 | €15,805 | €10,069 | -€5,737 | -36.3% |
| Amounts payable within one year | 42/48 | €15,805 | €10,069 | -€5,737 | -36.3% |
| Trade debts | 44 | €4,823 | €777 | -€4,046 | -83.9% |
| Suppliers | 440/4 | €4,823 | €777 | -€4,046 | -83.9% |
| Taxes, remuneration and social security | 45 | - | €2,009 | +€2,009 | |
| Taxes | 450/3 | - | €2,009 | +€2,009 | |
| Other amounts payable | 47/48 | €10,982 | €7,282 | -€3,700 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,731 | €1,731 | = | 0.0% |
| Other operating charges | 640/8 | €143 | €346 | +€203 | +142% |
| Gross operating margin | 9900 | €16,295 | €7,198 | -€9,097 | -55.8% |
| Operating profit (loss) | 9901 | €14,421 | €5,121 | -€9,300 | -64.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €326 | €271 | -€55 | -16.8% |
| Recurring financial charges | 65 | €326 | €271 | -€55 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €14,096 | €4,858 | -€9,238 | -65.5% |
| Income taxes | 67/77 | €3,078 | €4,213 | +€1,135 | +36.9% |
| Profit (loss) for the period | 9904 | €11,017 | €644 | -€10,373 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,017 | €644 | -€10,373 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.