M.M.A. PROJETS: 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.A. PROJETS
Largest movements
- Receivables within one year +€7,885
up €7,885 (+47.8%), from €16,480 to €24,365
- Cash -€4,881
down €4,881 (-60.9%), from €8,013 to €3,132
mainly Contributions, distributions and other (-€40,000) and Debts after one year (-€23,747)
- Debts after one year -€23,747
down €23,747 (-28.5%), from €83,346 to €59,599
- Other debts +€22,613
up €22,613 (+43.3%), from €52,166 to €74,779
- Profit (loss) carried forward +€3,622
up €3,622 (+4.2%), from €85,289 to €88,912
- Financial charges -€1,682
down €1,682 (-31.3%), from €5,374 to €3,691
- Gross operating margin +€1,396
up €1,396 (+72.0%), from -€1,940 to -€544
- Other operating charges +€360
up €360 (+213%), from €169 to €530
- Financial income -€285
down €285 (-0.6%), from €48,672 to €48,387
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 | €264,777 | €267,497 | +€2,719 | +1.0% |
| Fixed assets | 21/28 | €240,000 | €240,000 | = | 0.0% |
| Financial fixed assets | 28 | €240,000 | €240,000 | = | 0.0% |
| Current assets | 29/58 | €24,777 | €27,497 | +€2,719 | +11.0% |
| Amounts receivable within one year | 40/41 | €16,480 | €24,365 | +€7,885 | +47.8% |
| Other amounts receivable | 41 | €16,480 | €24,365 | +€7,885 | +47.8% |
| Cash at bank and in hand | 54/58 | €8,013 | €3,132 | -€4,881 | -60.9% |
| Deferred charges and accrued income | 490/1 | €285 | - | -€285 | |
| Total equity and liabilities | 10/49 | €264,777 | €267,497 | +€2,719 | +1.0% |
| Equity | 10/15 | €105,749 | €109,372 | +€3,622 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,289 | €88,912 | +€3,622 | +4.2% |
| Amounts payable | 17/49 | €159,028 | €158,125 | -€903 | -0.6% |
| Amounts payable after more than one year | 17 | €83,346 | €59,599 | -€23,747 | -28.5% |
| Financial debts | 170/4 | €83,346 | €59,599 | -€23,747 | -28.5% |
| Amounts payable within one year | 42/48 | €75,265 | €98,526 | +€23,261 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €23,100 | €23,747 | +€648 | +2.8% |
| Other amounts payable | 47/48 | €52,166 | €74,779 | +€22,613 | +43.3% |
| Accrued charges and deferred income | 492/3 | €416 | - | -€416 | |
| Other operating charges | 640/8 | €169 | €530 | +€360 | +213% |
| Gross operating margin | 9900 | -€1,940 | -€544 | +€1,396 | +72.0% |
| Operating profit (loss) | 9901 | -€2,109 | -€1,073 | +€1,035 | +49.1% |
| Financial income | 75/76B | €48,672 | €48,387 | -€285 | -0.6% |
| Recurring financial income | 75 | €48,672 | €48,387 | -€285 | -0.6% |
| Financial charges | 65/66B | €5,374 | €3,691 | -€1,682 | -31.3% |
| Recurring financial charges | 65 | €5,374 | €3,691 | -€1,682 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €41,189 | €43,622 | +€2,433 | +5.9% |
| Profit (loss) for the period | 9904 | €41,189 | €43,622 | +€2,433 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,189 | €43,622 | +€2,433 | +5.9% |
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 26 October 2026 via checked.be.