M & L SERVICES: 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 SERVICES
Largest movements
- Cash -€27,215
down €27,215 (-43.6%), from €62,409 to €35,194
mainly Contributions, distributions and other (-€31,666) and Investment in fixed assets (net) (-€5,388)
- Receivables within one year -€2,298
down €2,298 (-32.1%), from €7,149 to €4,851
of which Other amounts receivable: -€2,954
- Reserves -€26,835
down €26,835 (-41.0%), from €65,386 to €38,551
of which Distributable reserves: -€26,835
- Debts after one year -€3,072
no longer reported in 2025 (was €3,072)
- Trade debts +€2,516
up €2,516 (+129%), from €1,952 to €4,467
- Tax, wage and social debts -€1,277
down €1,277 (-67.1%), from €1,903 to €627
- Gross operating margin +€3,036
up €3,036 (+28.0%), from €10,860 to €13,896
- Depreciation +€1,066
up €1,066 (+25.3%), from €4,213 to €5,279
- Taxes +€754
up €754 (+39.0%), from €1,934 to €2,688
- Other operating charges -€150
down €150 (-14.7%), from €1,021 to €871
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 | €84,178 | €54,859 | -€29,319 | -34.8% |
| Fixed assets | 21/28 | €9,061 | €9,170 | +€109 | +1.2% |
| Tangible fixed assets | 22/27 | €9,061 | €9,170 | +€109 | +1.2% |
| Land and buildings | 22 | €3,449 | €2,874 | -€575 | -16.7% |
| Furniture and vehicles | 24 | €5,612 | €6,296 | +€684 | +12.2% |
| Current assets | 29/58 | €75,117 | €45,689 | -€29,428 | -39.2% |
| Stocks and contracts in progress | 3 | €4,851 | €4,923 | +€72 | +1.5% |
| Stocks | 30/36 | €4,851 | €4,923 | +€72 | +1.5% |
| Amounts receivable within one year | 40/41 | €7,149 | €4,851 | -€2,298 | -32.1% |
| Trade receivables | 40 | €3,583 | €4,239 | +€657 | +18.3% |
| Other amounts receivable | 41 | €3,566 | €612 | -€2,954 | -82.8% |
| Cash at bank and in hand | 54/58 | €62,409 | €35,194 | -€27,215 | -43.6% |
| Deferred charges and accrued income | 490/1 | €708 | €721 | +€13 | +1.8% |
| Total equity and liabilities | 10/49 | €84,178 | €54,859 | -€29,319 | -34.8% |
| Equity | 10/15 | €71,586 | €44,751 | -€26,835 | -37.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,386 | €38,551 | -€26,835 | -41.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,526 | €36,691 | -€26,835 | -42.2% |
| Amounts payable | 17/49 | €12,592 | €10,109 | -€2,484 | -19.7% |
| Amounts payable after more than one year | 17 | €3,072 | - | -€3,072 | |
| Financial debts | 170/4 | €3,072 | - | -€3,072 | |
| Amounts payable within one year | 42/48 | €9,520 | €10,109 | +€588 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €3,287 | €3,072 | -€215 | -6.6% |
| Trade debts | 44 | €1,952 | €4,467 | +€2,516 | +129% |
| Suppliers | 440/4 | €1,952 | €4,467 | +€2,516 | +129% |
| Taxes, remuneration and social security | 45 | €1,903 | €627 | -€1,277 | -67.1% |
| Taxes | 450/3 | €1,903 | €627 | -€1,277 | -67.1% |
| Other amounts payable | 47/48 | €2,378 | €1,943 | -€435 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,213 | €5,279 | +€1,066 | +25.3% |
| Other operating charges | 640/8 | €1,021 | €871 | -€150 | -14.7% |
| Gross operating margin | 9900 | €10,860 | €13,896 | +€3,036 | +28.0% |
| Operating profit (loss) | 9901 | €5,626 | €7,746 | +€2,120 | +37.7% |
| Financial income | 75/76B | €66 | €0 | -€66 | -99.9% |
| Recurring financial income | 75 | €66 | €0 | -€66 | -99.9% |
| Financial charges | 65/66B | €260 | €227 | -€33 | -12.7% |
| Recurring financial charges | 65 | €260 | €227 | -€33 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €5,432 | €7,519 | +€2,087 | +38.4% |
| Income taxes | 67/77 | €1,934 | €2,688 | +€754 | +39.0% |
| Profit (loss) for the period | 9904 | €3,498 | €4,831 | +€1,333 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,498 | €4,831 | +€1,333 | +38.1% |
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 19 October 2026 via checked.be.