M.M.C.: 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.C.
Largest movements
- Receivables within one year +€74,782
up €74,782 (+76.9%), from €97,188 to €171,970
of which Trade receivables: +€67,282
- Cash -€14,744
down €14,744 (-100%), from €14,744 to €0
mainly Receivables within one year (-€74,782) and Accrued charges and deferred income (-€997)
- Reserves +€32,467
up €32,467 (+244%), from €13,332 to €45,799
of which Distributable reserves: +€32,467
- Short-term financial debts +€13,554
new in 2024: €13,554
- Tax, wage and social debts +€10,594
up €10,594 (+40.7%), from €26,059 to €36,653
of which Taxes: +€12,253
- Trade debts +€2,347
up €2,347 (+7.3%), from €31,946 to €34,293
- Gross operating margin +€39,574
up €39,574 (+27.6%), from €143,502 to €183,077
- Taxes +€13,498
up €13,498 (+252%), from €5,352 to €18,851
- Staff costs +€3,257
up €3,257 (+2.7%), from €120,246 to €123,504
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.
Derived cash bridge
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 | €125,976 | €183,942 | +€57,965 | +46.0% |
| Fixed assets | 21/28 | €4,880 | €3,276 | -€1,604 | -32.9% |
| Tangible fixed assets | 22/27 | €4,880 | €3,276 | -€1,604 | -32.9% |
| Furniture and vehicles | 24 | €4,880 | €3,276 | -€1,604 | -32.9% |
| Current assets | 29/58 | €121,096 | €180,665 | +€59,569 | +49.2% |
| Stocks and contracts in progress | 3 | €3,420 | €3,877 | +€457 | +13.4% |
| Stocks | 30/36 | €3,420 | €3,877 | +€457 | +13.4% |
| Amounts receivable within one year | 40/41 | €97,188 | €171,970 | +€74,782 | +76.9% |
| Trade receivables | 40 | €18,519 | €85,802 | +€67,282 | +363% |
| Other amounts receivable | 41 | €78,668 | €86,168 | +€7,500 | +9.5% |
| Cash at bank and in hand | 54/58 | €14,744 | €0 | -€14,744 | -100% |
| Deferred charges and accrued income | 490/1 | €5,745 | €4,818 | -€926 | -16.1% |
| Total equity and liabilities | 10/49 | €125,976 | €183,942 | +€57,965 | +46.0% |
| Equity | 10/15 | €66,653 | €99,120 | +€32,467 | +48.7% |
| Contributions | 10/11 | €53,321 | €53,321 | = | 0.0% |
| Reserves | 13 | €13,332 | €45,799 | +€32,467 | +244% |
| Non-distributable reserves | 130/1 | €241 | €241 | = | 0.0% |
| Reserves not available under the articles | 1311 | €241 | €241 | = | 0.0% |
| Distributable reserves | 133 | €13,091 | €45,558 | +€32,467 | +248% |
| Amounts payable | 17/49 | €59,323 | €84,821 | +€25,499 | +43.0% |
| Amounts payable within one year | 42/48 | €58,006 | €84,501 | +€26,495 | +45.7% |
| Financial debts | 43 | - | €13,554 | +€13,554 | |
| Credit institutions | 430/8 | - | €13,554 | +€13,554 | |
| Trade debts | 44 | €31,946 | €34,293 | +€2,347 | +7.3% |
| Suppliers | 440/4 | €31,946 | €34,293 | +€2,347 | +7.3% |
| Taxes, remuneration and social security | 45 | €26,059 | €36,653 | +€10,594 | +40.7% |
| Taxes | 450/3 | €10,510 | €22,763 | +€12,253 | +117% |
| Remuneration and social security | 454/9 | €15,549 | €13,890 | -€1,659 | -10.7% |
| Accrued charges and deferred income | 492/3 | €1,317 | €320 | -€997 | -75.7% |
| Remuneration, social security and pensions | 62 | €120,246 | €123,504 | +€3,257 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,544 | €1,604 | +€60 | +3.9% |
| Other operating charges | 640/8 | €1,236 | €1,211 | -€24 | -2.0% |
| Gross operating margin | 9900 | €143,502 | €183,077 | +€39,574 | +27.6% |
| Operating profit (loss) | 9901 | €20,476 | €56,758 | +€36,281 | +177% |
| Financial income | 75/76B | €121 | €16 | -€106 | -87.0% |
| Recurring financial income | 75 | €121 | €16 | -€106 | -87.0% |
| Financial charges | 65/66B | €6,860 | €5,456 | -€1,404 | -20.5% |
| Recurring financial charges | 65 | €6,860 | €5,456 | -€1,404 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €13,737 | €51,317 | +€37,580 | +274% |
| Income taxes | 67/77 | €5,352 | €18,851 | +€13,498 | +252% |
| Profit (loss) for the period | 9904 | €8,385 | €32,467 | +€24,082 | +287% |
| Profit (loss) for the period to be appropriated | 9905 | €8,385 | €32,467 | +€24,082 | +287% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.