M & M: what changed
Two fiscal 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 & M
Largest movements
- Tangible fixed assets -€13,698
down €13,698 (-15.1%), from €90,921 to €77,223
- Cash +€5,257
up €5,257 (+18.7%), from €28,070 to €33,327
mainly Depreciation (+€13,698) and Net result for the year (+€11,489)
- Receivables within one year +€2,623
up €2,623 (+37.8%), from €6,946 to €9,569
- Current portion of long-term debt -€13,922
no longer reported in 2024 (was €13,922)
- Profit (loss) carried forward +€11,489
up €11,489 (+13.1%), from -€87,549 to -€76,061
- Tax, wage and social debts -€2,880
no longer reported in 2024 (was €2,880)
- Financial charges -€10,023
down €10,023 (-95.3%), from €10,522 to €499
- Gross operating margin +€6,677
up €6,677 (+29.8%), from €22,425 to €29,102
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €126,211 | €120,401 | -€5,810 | -4.6% |
| Fixed assets | 21/28 | €91,045 | €77,347 | -€13,698 | -15.0% |
| Tangible fixed assets | 22/27 | €90,921 | €77,223 | -€13,698 | -15.1% |
| Land and buildings | 22 | €90,921 | €77,223 | -€13,698 | -15.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €35,165 | €43,054 | +€7,889 | +22.4% |
| Amounts receivable within one year | 40/41 | €6,946 | €9,569 | +€2,623 | +37.8% |
| Trade receivables | 40 | €6,946 | €9,569 | +€2,623 | +37.8% |
| Cash at bank and in hand | 54/58 | €28,070 | €33,327 | +€5,257 | +18.7% |
| Deferred charges and accrued income | 490/1 | €149 | €158 | +€9 | +6.1% |
| Total equity and liabilities | 10/49 | €126,211 | €120,401 | -€5,810 | -4.6% |
| Equity | 10/15 | -€67,089 | -€55,601 | +€11,489 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€87,549 | -€76,061 | +€11,489 | +13.1% |
| Amounts payable | 17/49 | €193,300 | €176,002 | -€17,298 | -8.9% |
| Amounts payable within one year | 42/48 | €193,300 | €175,639 | -€17,661 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €13,922 | - | -€13,922 | |
| Trade debts | 44 | €71 | €27 | -€44 | -62.1% |
| Suppliers | 440/4 | €71 | €27 | -€44 | -62.1% |
| Taxes, remuneration and social security | 45 | €2,880 | - | -€2,880 | |
| Taxes | 450/3 | €2,880 | - | -€2,880 | |
| Other amounts payable | 47/48 | €176,427 | €175,612 | -€816 | -0.5% |
| Accrued charges and deferred income | 492/3 | - | €363 | +€363 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,698 | €13,698 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,295 | €3,416 | +€121 | +3.7% |
| Gross operating margin | 9900 | €22,425 | €29,102 | +€6,677 | +29.8% |
| Operating profit (loss) | 9901 | €5,432 | €11,988 | +€6,556 | +120.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €10,522 | €499 | -€10,023 | -95.3% |
| Recurring financial charges | 65 | €10,522 | €499 | -€10,023 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,090 | €11,489 | +€16,579 | |
| Profit (loss) for the period | 9904 | -€5,090 | €11,489 | +€16,579 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,090 | €11,489 | +€16,579 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.