M & M.: 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 & M.
Largest movements
- Receivables within one year +€42,062
up €42,062 (+2,191%), from €1,919 to €43,981
of which Other amounts receivable: +€29,811
- Tangible fixed assets -€22,347
down €22,347 (-17.3%), from €129,239 to €106,892
of which Furniture and vehicles: -€21,761
- Other debts -€124,667
down €124,667 (-81.0%), from €153,818 to €29,152
- Debts after one year +€91,771
new in 2025: €91,771
- Profit (loss) carried forward +€37,803
up €37,803 (+16.3%), from €231,441 to €269,244
- Tax, wage and social debts +€6,359
up €6,359 (+467%), from €1,362 to €7,721
of which Taxes: +€3,859
- Gross operating margin +€105,000
up €105,000, from -€36,542 to €68,458
- Financial charges +€2,817
up €2,817 (+461%), from €611 to €3,427
- Taxes +€2,301
up €2,301 (+169%), from €1,362 to €3,662
- Financial income +€750
up €750 (+260%), from €288 to €1,038
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 | €417,169 | €433,651 | +€16,482 | +4.0% |
| Fixed assets | 21/28 | €382,718 | €360,371 | -€22,347 | -5.8% |
| Tangible fixed assets | 22/27 | €129,239 | €106,892 | -€22,347 | -17.3% |
| Land and buildings | 22 | €7,514 | €6,928 | -€586 | -7.8% |
| Furniture and vehicles | 24 | €121,725 | €99,964 | -€21,761 | -17.9% |
| Financial fixed assets | 28 | €253,479 | €253,479 | = | 0.0% |
| Current assets | 29/58 | €34,451 | €73,280 | +€38,829 | +113% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,919 | €43,981 | +€42,062 | +2,191% |
| Trade receivables | 40 | €1,879 | €14,130 | +€12,251 | +652% |
| Other amounts receivable | 41 | €41 | €29,851 | +€29,811 | +73,299% |
| Cash at bank and in hand | 54/58 | €8,300 | €4,841 | -€3,458 | -41.7% |
| Deferred charges and accrued income | 490/1 | €4,232 | €4,458 | +€225 | +5.3% |
| Total equity and liabilities | 10/49 | €417,169 | €433,651 | +€16,482 | +4.0% |
| Equity | 10/15 | €239,501 | €277,304 | +€37,803 | +15.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €231,441 | €269,244 | +€37,803 | +16.3% |
| Amounts payable | 17/49 | €177,668 | €156,347 | -€21,321 | -12.0% |
| Amounts payable after more than one year | 17 | - | €91,771 | +€91,771 | |
| Financial debts | 170/4 | - | €91,771 | +€91,771 | |
| Amounts payable within one year | 42/48 | €177,541 | €63,387 | -€114,154 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €22,261 | €23,626 | +€1,365 | +6.1% |
| Trade debts | 44 | €100 | €2,889 | +€2,789 | +2,789% |
| Suppliers | 440/4 | €100 | €2,889 | +€2,789 | +2,789% |
| Taxes, remuneration and social security | 45 | €1,362 | €7,721 | +€6,359 | +467% |
| Taxes | 450/3 | €1,362 | €5,221 | +€3,859 | +283% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €153,818 | €29,152 | -€124,667 | -81.0% |
| Accrued charges and deferred income | 492/3 | €127 | €1,189 | +€1,063 | +837% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,346 | €22,347 | +€1 | 0.0% |
| Other operating charges | 640/8 | €2,157 | €2,256 | +€99 | +4.6% |
| Gross operating margin | 9900 | -€36,542 | €68,458 | +€105,000 | |
| Operating profit (loss) | 9901 | -€61,045 | €43,855 | +€104,899 | |
| Financial income | 75/76B | €288 | €1,038 | +€750 | +260% |
| Recurring financial income | 75 | €288 | €1,038 | +€750 | +260% |
| Financial charges | 65/66B | €611 | €3,427 | +€2,817 | +461% |
| Recurring financial charges | 65 | €611 | €3,427 | +€2,817 | +461% |
| Profit (loss) for the period before taxes | 9903 | -€61,367 | €41,465 | +€102,832 | |
| Income taxes | 67/77 | €1,362 | €3,662 | +€2,301 | +169% |
| Profit (loss) for the period | 9904 | -€62,729 | €37,803 | +€100,532 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,729 | €37,803 | +€100,532 |
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 14 October 2026 via checked.be.