M.M. CONSTRUCTION: 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. CONSTRUCTION
Largest movements
- Cash -€35,972
down €35,972 (-85.8%), from €41,929 to €5,957
mainly Debts after one year (-€33,987) and Tax, wage and social debts (-€23,000)
- Tangible fixed assets -€34,844
down €34,844 (-14.0%), from €249,197 to €214,353
- Receivables within one year +€10,558
up €10,558 (+15.7%), from €67,211 to €77,768
of which Trade receivables: +€20,803
- Stocks and contracts -€9,508
down €9,508 (-56.7%), from €16,759 to €7,251
of which Contracts in progress: -€10,000
- Debts after one year -€33,987
down €33,987 (-26.0%), from €130,573 to €96,585
- Tax, wage and social debts -€23,000
down €23,000 (-58.3%), from €39,472 to €16,472
of which Remuneration and social security: -€28,852
- Advances received -€14,750
down €14,750 (-32.8%), from €45,000 to €30,250
- Trade debts +€9,902
up €9,902 (+10.8%), from €91,542 to €101,444
- Accrued charges and deferred income -€9,521
down €9,521 (-95.2%), from €10,000 to €479
- Gross operating margin -€93,347
down €93,347 (-34.3%), from €271,950 to €178,603
- Staff costs -€31,253
down €31,253 (-23.2%), from €134,486 to €103,232
- Financial charges -€22,416
down €22,416 (-48.8%), from €45,952 to €23,536
- Depreciation +€8,569
up €8,569 (+20.6%), from €41,635 to €50,204
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 | €375,538 | €305,464 | -€70,074 | -18.7% |
| Fixed assets | 21/28 | €249,332 | €214,488 | -€34,844 | -14.0% |
| Tangible fixed assets | 22/27 | €249,197 | €214,353 | -€34,844 | -14.0% |
| Land and buildings | 22 | €126,200 | €113,068 | -€13,132 | -10.4% |
| Plant, machinery and equipment | 23 | €5,235 | €3,473 | -€1,762 | -33.7% |
| Furniture and vehicles | 24 | €63,378 | €51,019 | -€12,359 | -19.5% |
| Leasing and similar rights | 25 | €54,383 | €46,793 | -€7,591 | -14.0% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €126,206 | €90,976 | -€35,230 | -27.9% |
| Stocks and contracts in progress | 3 | €16,759 | €7,251 | -€9,508 | -56.7% |
| Stocks | 30/36 | €6,759 | €7,251 | +€493 | +7.3% |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €67,211 | €77,768 | +€10,558 | +15.7% |
| Trade receivables | 40 | €56,965 | €77,768 | +€20,803 | +36.5% |
| Other amounts receivable | 41 | €10,245 | - | -€10,245 | |
| Cash at bank and in hand | 54/58 | €41,929 | €5,957 | -€35,972 | -85.8% |
| Deferred charges and accrued income | 490/1 | €308 | - | -€308 | |
| Total equity and liabilities | 10/49 | €375,538 | €305,464 | -€70,074 | -18.7% |
| Equity | 10/15 | -€257,104 | -€260,653 | -€3,549 | -1.4% |
| 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 | -€277,564 | -€281,113 | -€3,549 | -1.3% |
| Amounts payable | 17/49 | €632,642 | €566,117 | -€66,525 | -10.5% |
| Amounts payable after more than one year | 17 | €130,573 | €96,585 | -€33,987 | -26.0% |
| Financial debts | 170/4 | €130,573 | €96,585 | -€33,987 | -26.0% |
| Amounts payable within one year | 42/48 | €492,070 | €469,053 | -€23,017 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €53,956 | €61,598 | +€7,642 | +14.2% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Trade debts | 44 | €91,542 | €101,444 | +€9,902 | +10.8% |
| Suppliers | 440/4 | €91,542 | €101,444 | +€9,902 | +10.8% |
| Advances received on contracts in progress | 46 | €45,000 | €30,250 | -€14,750 | -32.8% |
| Taxes, remuneration and social security | 45 | €39,472 | €16,472 | -€23,000 | -58.3% |
| Taxes | 450/3 | €113 | €5,965 | +€5,852 | +5,197% |
| Remuneration and social security | 454/9 | €39,359 | €10,507 | -€28,852 | -73.3% |
| Other amounts payable | 47/48 | €137,100 | €134,289 | -€2,811 | -2.1% |
| Accrued charges and deferred income | 492/3 | €10,000 | €479 | -€9,521 | -95.2% |
| Remuneration, social security and pensions | 62 | €134,486 | €103,232 | -€31,253 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,635 | €50,204 | +€8,569 | +20.6% |
| Other operating charges | 640/8 | €5,054 | €5,180 | +€126 | +2.5% |
| Non-recurring operating charges | 66A | €859 | - | -€859 | |
| Gross operating margin | 9900 | €271,950 | €178,603 | -€93,347 | -34.3% |
| Operating profit (loss) | 9901 | €89,917 | €19,987 | -€69,930 | -77.8% |
| Financial income | 75/76B | €388 | - | -€388 | |
| Recurring financial income | 75 | €388 | - | -€388 | |
| Financial charges | 65/66B | €45,952 | €23,536 | -€22,416 | -48.8% |
| Recurring financial charges | 65 | €45,952 | €23,536 | -€22,416 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €44,353 | -€3,549 | -€47,902 | |
| Profit (loss) for the period | 9904 | €44,353 | -€3,549 | -€47,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,353 | -€3,549 | -€47,902 |
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 27 October 2026 via checked.be.