M&M Bridoux: 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 Bridoux
Largest movements
- Receivables within one year +€82,323
up €82,323 (+716%), from €11,501 to €93,824
of which Trade receivables: +€73,423
- Tangible fixed assets +€39,621
up €39,621 (+14.3%), from €277,228 to €316,850
of which Assets under construction and advance payments: +€58,641
- Deferred charges and accrued income -€17,221
no longer reported in 2025 (was €17,221)
- Debts after one year +€76,821
up €76,821 (+319%), from €24,101 to €100,922
- Trade debts +€42,158
up €42,158 (+637%), from €6,618 to €48,776
- Short-term financial debts -€40,000
down €40,000 (-44.7%), from €89,460 to €49,460
- Reserves +€13,555
up €13,555 (+28.0%), from €48,443 to €61,997
- Current portion of long-term debt +€9,110
up €9,110 (+109%), from €8,347 to €17,457
- Gross operating margin +€6,988
up €6,988 (+14.9%), from €46,872 to €53,859
- Financial charges +€1,796
up €1,796 (+37.6%), from €4,777 to €6,573
- Taxes +€1,483
up €1,483 (+27.6%), from €5,374 to €6,857
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 | €310,428 | €413,241 | +€102,813 | +33.1% |
| Fixed assets | 21/28 | €277,228 | €316,850 | +€39,621 | +14.3% |
| Tangible fixed assets | 22/27 | €277,228 | €316,850 | +€39,621 | +14.3% |
| Land and buildings | 22 | €277,228 | €258,208 | -€19,020 | -6.9% |
| Assets under construction and advance payments | 27 | - | €58,641 | +€58,641 | |
| Current assets | 29/58 | €33,200 | €96,391 | +€63,192 | +190% |
| Amounts receivable within one year | 40/41 | €11,501 | €93,824 | +€82,323 | +716% |
| Trade receivables | 40 | €11,501 | €84,924 | +€73,423 | +638% |
| Other amounts receivable | 41 | - | €8,900 | +€8,900 | |
| Cash at bank and in hand | 54/58 | €4,478 | €2,568 | -€1,910 | -42.7% |
| Deferred charges and accrued income | 490/1 | €17,221 | - | -€17,221 | |
| Total equity and liabilities | 10/49 | €310,428 | €413,241 | +€102,813 | +33.1% |
| Equity | 10/15 | €158,811 | €172,366 | +€13,555 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,443 | €61,997 | +€13,555 | +28.0% |
| Distributable reserves | 133 | €48,443 | €61,997 | +€13,555 | +28.0% |
| Profit (loss) carried forward | 14 | €104,169 | €104,169 | = | 0.0% |
| Amounts payable | 17/49 | €151,616 | €240,875 | +€89,258 | +58.9% |
| Amounts payable after more than one year | 17 | €24,101 | €100,922 | +€76,821 | +319% |
| Financial debts | 170/4 | €24,101 | €100,922 | +€76,821 | +319% |
| Amounts payable within one year | 42/48 | €127,516 | €139,953 | +€12,437 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €8,347 | €17,457 | +€9,110 | +109% |
| Financial debts | 43 | €89,460 | €49,460 | -€40,000 | -44.7% |
| Credit institutions | 430/8 | €89,460 | €49,460 | -€40,000 | -44.7% |
| Trade debts | 44 | €6,618 | €48,776 | +€42,158 | +637% |
| Suppliers | 440/4 | €6,618 | €48,776 | +€42,158 | +637% |
| Taxes, remuneration and social security | 45 | €10,986 | €12,156 | +€1,170 | +10.6% |
| Taxes | 450/3 | €10,986 | €12,156 | +€1,170 | +10.6% |
| Other amounts payable | 47/48 | €12,104 | €12,104 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,020 | €19,020 | = | 0.0% |
| Other operating charges | 640/8 | €7,407 | €7,855 | +€448 | +6.0% |
| Gross operating margin | 9900 | €46,872 | €53,859 | +€6,988 | +14.9% |
| Operating profit (loss) | 9901 | €20,445 | €26,985 | +€6,540 | +32.0% |
| Financial charges | 65/66B | €4,777 | €6,573 | +€1,796 | +37.6% |
| Recurring financial charges | 65 | €4,777 | €6,573 | +€1,796 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €15,668 | €20,412 | +€4,744 | +30.3% |
| Income taxes | 67/77 | €5,374 | €6,857 | +€1,483 | +27.6% |
| Profit (loss) for the period | 9904 | €10,294 | €13,555 | +€3,261 | +31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €10,294 | €13,555 | +€3,261 | +31.7% |
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.