M & M Construct: 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 Construct
Largest movements
- Tangible fixed assets +€72,767
new in 2025: €72,767
of which Furniture and vehicles: +€53,914
- Stocks and contracts -€17,685
no longer reported in 2025 (was €17,685)
- Receivables within one year -€15,825
down €15,825 (-13.8%), from €114,377 to €98,551
of which Trade receivables: -€30,791
- Cash +€3,578
up €3,578 (+46.8%), from €7,641 to €11,219
mainly Stocks and contracts (+€17,685) and Receivables within one year (+€15,825)
- Profit (loss) carried forward +€11,554
up €11,554 (+82.5%), from €14,013 to €25,567
- Debts after one year +€10,874
up €10,874 (+57.7%), from €18,850 to €29,724
- Trade debts +€8,090
up €8,090 (+17.1%), from €47,340 to €55,431
- Current portion of long-term debt +€6,279
new in 2025: €6,279
- Tax, wage and social debts +€6,259
up €6,259 (+127.9%), from €4,895 to €11,153
- Gross operating margin +€15,878
up €15,878 (+46.1%), from €34,406 to €50,284
- Other operating charges +€12,849
up €12,849 (+154.9%), from €8,297 to €21,146
- Depreciation +€4,831
up €4,831 (+375.7%), from €1,286 to €6,116
- Financial charges -€2,646
down €2,646 (-33.7%), from €7,859 to €5,214
- Taxes +€1,364
up €1,364 (+27.9%), from €4,895 to €6,259
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.
Cash bridge derived
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 | €150,098 | €193,153 | +€43,056 | +28.7% |
| Fixed assets | 21/28 | €6,270 | €79,037 | +€72,767 | +1160.6% |
| Tangible fixed assets | 22/27 | - | €72,767 | +€72,767 | |
| Plant, machinery and equipment | 23 | - | €18,853 | +€18,853 | |
| Furniture and vehicles | 24 | - | €53,914 | +€53,914 | |
| Financial fixed assets | 28 | €6,270 | €6,270 | = | 0.0% |
| Current assets | 29/58 | €143,828 | €114,117 | -€29,711 | -20.7% |
| Stocks and contracts in progress | 3 | €17,685 | - | -€17,685 | |
| Stocks | 30/36 | €17,685 | - | -€17,685 | |
| Amounts receivable within one year | 40/41 | €114,377 | €98,551 | -€15,825 | -13.8% |
| Trade receivables | 40 | €83,940 | €53,149 | -€30,791 | -36.7% |
| Other amounts receivable | 41 | €30,437 | €45,403 | +€14,966 | +49.2% |
| Cash at bank and in hand | 54/58 | €7,641 | €11,219 | +€3,578 | +46.8% |
| Deferred charges and accrued income | 490/1 | €4,125 | €4,346 | +€221 | +5.4% |
| Total equity and liabilities | 10/49 | €150,098 | €193,153 | +€43,056 | +28.7% |
| Equity | 10/15 | €79,013 | €90,567 | +€11,554 | +14.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €59,000 | €59,000 | = | 0.0% |
| Distributable reserves | 133 | €59,000 | €59,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,013 | €25,567 | +€11,554 | +82.5% |
| Amounts payable | 17/49 | €71,085 | €102,587 | +€31,502 | +44.3% |
| Amounts payable after more than one year | 17 | €18,850 | €29,724 | +€10,874 | +57.7% |
| Financial debts | 170/4 | €18,850 | €29,724 | +€10,874 | +57.7% |
| Amounts payable within one year | 42/48 | €52,235 | €72,863 | +€20,628 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | - | €6,279 | +€6,279 | |
| Trade debts | 44 | €47,340 | €55,431 | +€8,090 | +17.1% |
| Suppliers | 440/4 | €47,340 | €55,431 | +€8,090 | +17.1% |
| Taxes, remuneration and social security | 45 | €4,895 | €11,153 | +€6,259 | +127.9% |
| Taxes | 450/3 | €4,895 | €11,153 | +€6,259 | +127.9% |
| Non-recurring operating income | 76A | €6,030 | - | -€6,030 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,286 | €6,116 | +€4,831 | +375.7% |
| Other operating charges | 640/8 | €8,297 | €21,146 | +€12,849 | +154.9% |
| Gross operating margin | 9900 | €34,406 | €50,284 | +€15,878 | +46.1% |
| Operating profit (loss) | 9901 | €24,824 | €23,021 | -€1,802 | -7.3% |
| Financial income | 75/76B | €53 | €5 | -€48 | -91.0% |
| Recurring financial income | 75 | €53 | €5 | -€48 | -91.0% |
| Financial charges | 65/66B | €7,859 | €5,214 | -€2,646 | -33.7% |
| Recurring financial charges | 65 | €7,859 | €5,214 | -€2,646 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €17,018 | €17,813 | +€795 | +4.7% |
| Income taxes | 67/77 | €4,895 | €6,259 | +€1,364 | +27.9% |
| Profit (loss) for the period | 9904 | €12,123 | €11,554 | -€569 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,123 | €11,554 | -€569 | -4.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.