M.L.M FISH: 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.M FISH
Largest movements
- Cash -€68,067
down €68,067 (-99.4%), from €68,481 to €414
mainly Receivables within one year (-€62,102) and Debts after one year (-€18,494)
- Receivables within one year +€62,102
up €62,102 (+69.2%), from €89,681 to €151,783
of which Other amounts receivable: +€38,129
- Tangible fixed assets -€12,708
down €12,708 (-4.6%), from €275,767 to €263,059
of which Land and buildings: -€11,153
- Deferred charges and accrued income -€6,267
down €6,267 (-52.2%), from €12,013 to €5,746
- Trade debts +€19,701
up €19,701 (+310%), from €6,362 to €26,063
- Debts after one year -€18,494
down €18,494 (-9.3%), from €198,047 to €179,553
- Current portion of long-term debt -€14,779
down €14,779 (-44.4%), from €33,273 to €18,494
- Profit (loss) carried forward -€7,966
down €7,966 (-9.8%), from €81,539 to €73,573
- Gross operating margin -€61,731
down €61,731 (-87.7%), from €70,420 to €8,689
- Taxes -€16,999
down €16,999 (-93.8%), from €18,126 to €1,126
- Financial charges -€925
down €925 (-20.0%), from €4,617 to €3,692
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 | €495,942 | €471,002 | -€24,940 | -5.0% |
| Fixed assets | 21/28 | €275,767 | €263,059 | -€12,708 | -4.6% |
| Tangible fixed assets | 22/27 | €275,767 | €263,059 | -€12,708 | -4.6% |
| Land and buildings | 22 | €265,139 | €253,986 | -€11,153 | -4.2% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Other tangible fixed assets | 26 | €10,628 | €9,073 | -€1,554 | -14.6% |
| Current assets | 29/58 | €220,175 | €207,942 | -€12,232 | -5.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €89,681 | €151,783 | +€62,102 | +69.2% |
| Trade receivables | 40 | €18,567 | €42,540 | +€23,973 | +129% |
| Other amounts receivable | 41 | €71,114 | €109,242 | +€38,129 | +53.6% |
| Cash at bank and in hand | 54/58 | €68,481 | €414 | -€68,067 | -99.4% |
| Deferred charges and accrued income | 490/1 | €12,013 | €5,746 | -€6,267 | -52.2% |
| Total equity and liabilities | 10/49 | €495,942 | €471,002 | -€24,940 | -5.0% |
| Equity | 10/15 | €253,262 | €245,296 | -€7,966 | -3.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €165,523 | €165,523 | = | 0.0% |
| Distributable reserves | 133 | €165,523 | €165,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €81,539 | €73,573 | -€7,966 | -9.8% |
| Amounts payable | 17/49 | €242,680 | €225,706 | -€16,974 | -7.0% |
| Amounts payable after more than one year | 17 | €198,047 | €179,553 | -€18,494 | -9.3% |
| Financial debts | 170/4 | €198,047 | €179,553 | -€18,494 | -9.3% |
| Amounts payable within one year | 42/48 | €44,632 | €46,153 | +€1,520 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €33,273 | €18,494 | -€14,779 | -44.4% |
| Financial debts | 43 | €1,166 | €322 | -€844 | -72.4% |
| Credit institutions | 430/8 | €1,166 | €322 | -€844 | -72.4% |
| Trade debts | 44 | €6,362 | €26,063 | +€19,701 | +310% |
| Suppliers | 440/4 | €6,362 | €26,063 | +€19,701 | +310% |
| Taxes, remuneration and social security | 45 | €3,832 | €1,274 | -€2,557 | -66.7% |
| Taxes | 450/3 | €3,832 | €1,274 | -€2,557 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,039 | €12,708 | -€331 | -2.5% |
| Other operating charges | 640/8 | €585 | €601 | +€17 | +2.8% |
| Gross operating margin | 9900 | €70,420 | €8,689 | -€61,731 | -87.7% |
| Operating profit (loss) | 9901 | €56,797 | -€4,620 | -€61,417 | |
| Financial income | 75/76B | €2,170 | €1,472 | -€697 | -32.1% |
| Recurring financial income | 75 | €1,481 | €1,472 | -€9 | -0.6% |
| Non-recurring financial income | 76B | €688 | €0 | -€688 | -100% |
| Financial charges | 65/66B | €4,617 | €3,692 | -€925 | -20.0% |
| Recurring financial charges | 65 | €4,617 | €3,692 | -€925 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €54,349 | -€6,840 | -€61,189 | |
| Income taxes | 67/77 | €18,126 | €1,126 | -€16,999 | -93.8% |
| Profit (loss) for the period | 9904 | €36,223 | -€7,966 | -€44,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,223 | -€7,966 | -€44,190 |
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 28 October 2026 via checked.be.