M & M CONSULTANCY: 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 CONSULTANCY
Largest movements
- Tangible fixed assets +€445,113
up €445,113 (+20.8%), from €2.1m to €2.6m
of which Land and buildings: +€429,037
- Stocks and contracts -€199,850
down €199,850 (-90.8%), from €220,000 to €20,150
- Cash +€149,217
up €149,217 (+62.7%), from €237,911 to €387,128
mainly Other debts (+€222,640) and Debts after one year (+€221,615)
- Other debts +€222,640
new in 2024: €222,640
- Debts after one year +€221,615
up €221,615 (+17.8%), from €1.2m to €1.5m
of which Financial debts: +€221,615
- Reserves +€219,189
up €219,189 (+15.3%), from €1.4m to €1.7m
of which Distributable reserves: +€233,244
- Short-term financial debts -€184,234
down €184,234 (-57.6%), from €320,000 to €135,766
- Tax, wage and social debts -€47,389
down €47,389 (-53.2%), from €89,007 to €41,618
of which Taxes: -€49,470
- Gross operating margin +€205,324
up €205,324 (+71.3%), from €287,968 to €493,292
- Financial income -€94,772
down €94,772 (-71.3%), from €132,931 to €38,160
- Other operating charges +€49,409
up €49,409 (+214%), from €23,120 to €72,529
- Taxes +€35,945
up €35,945 (+59.1%), from €60,803 to €96,748
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 | €3,730,842 | €4,185,774 | +€454,932 | +12.2% |
| Fixed assets | 21/28 | €3,052,496 | €3,532,817 | +€480,320 | +15.7% |
| Tangible fixed assets | 22/27 | €2,140,081 | €2,585,193 | +€445,113 | +20.8% |
| Land and buildings | 22 | €2,058,319 | €2,487,356 | +€429,037 | +20.8% |
| Plant, machinery and equipment | 23 | - | €1,375 | +€1,375 | |
| Furniture and vehicles | 24 | €81,762 | €96,463 | +€14,702 | +18.0% |
| Financial fixed assets | 28 | €912,416 | €947,623 | +€35,207 | +3.9% |
| Current assets | 29/58 | €678,345 | €652,957 | -€25,389 | -3.7% |
| Stocks and contracts in progress | 3 | €220,000 | €20,150 | -€199,850 | -90.8% |
| Stocks | 30/36 | €220,000 | €20,150 | -€199,850 | -90.8% |
| Amounts receivable within one year | 40/41 | €177,466 | €199,189 | +€21,723 | +12.2% |
| Trade receivables | 40 | €42,713 | €55,193 | +€12,479 | +29.2% |
| Other amounts receivable | 41 | €134,753 | €143,997 | +€9,243 | +6.9% |
| Current investments | 50/53 | €8,790 | €8,790 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €237,911 | €387,128 | +€149,217 | +62.7% |
| Deferred charges and accrued income | 490/1 | €34,178 | €37,699 | +€3,522 | +10.3% |
| Total equity and liabilities | 10/49 | €3,730,842 | €4,185,774 | +€454,932 | +12.2% |
| Equity | 10/15 | €1,938,196 | €2,132,024 | +€193,829 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €484,544 | €459,183 | -€25,361 | -5.2% |
| Reserves | 13 | €1,435,052 | €1,654,241 | +€219,189 | +15.3% |
| Tax-exempt reserves | 132 | €169,606 | €155,551 | -€14,055 | -8.3% |
| Distributable reserves | 133 | €1,265,446 | €1,498,691 | +€233,244 | +18.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €43,651 | €38,888 | -€4,764 | -10.9% |
| Deferred taxes | 168 | €43,651 | €38,888 | -€4,764 | -10.9% |
| Amounts payable | 17/49 | €1,748,995 | €2,014,862 | +€265,867 | +15.2% |
| Amounts payable after more than one year | 17 | €1,248,450 | €1,470,065 | +€221,615 | +17.8% |
| Financial debts | 170/4 | €1,245,170 | €1,466,785 | +€221,615 | +17.8% |
| Other amounts payable | 178/9 | €3,280 | €3,280 | = | 0.0% |
| Amounts payable within one year | 42/48 | €482,630 | €522,876 | +€40,246 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €66,442 | €76,515 | +€10,074 | +15.2% |
| Financial debts | 43 | €320,000 | €135,766 | -€184,234 | -57.6% |
| Credit institutions | 430/8 | €320,000 | €135,766 | -€184,234 | -57.6% |
| Trade debts | 44 | €7,182 | €46,338 | +€39,156 | +545% |
| Suppliers | 440/4 | €7,182 | €46,338 | +€39,156 | +545% |
| Taxes, remuneration and social security | 45 | €89,007 | €41,618 | -€47,389 | -53.2% |
| Taxes | 450/3 | €89,007 | €39,537 | -€49,470 | -55.6% |
| Remuneration and social security | 454/9 | - | €2,081 | +€2,081 | |
| Other amounts payable | 47/48 | - | €222,640 | +€222,640 | |
| Accrued charges and deferred income | 492/3 | €17,915 | €21,921 | +€4,006 | +22.4% |
| Non-recurring operating income | 76A | €73,978 | - | -€73,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,992 | €118,060 | -€2,933 | -2.4% |
| Other operating charges | 640/8 | €23,120 | €72,529 | +€49,409 | +214% |
| Non-recurring operating charges | 66A | €1,011 | - | -€1,011 | |
| Gross operating margin | 9900 | €287,968 | €493,292 | +€205,324 | +71.3% |
| Operating profit (loss) | 9901 | €142,845 | €302,703 | +€159,858 | +112% |
| Financial income | 75/76B | €132,931 | €38,160 | -€94,772 | -71.3% |
| Recurring financial income | 75 | €132,931 | €38,160 | -€94,772 | -71.3% |
| Financial charges | 65/66B | €54,807 | €55,050 | +€243 | +0.4% |
| Recurring financial charges | 65 | €54,807 | €55,050 | +€243 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €220,969 | €285,813 | +€64,844 | +29.3% |
| Transfer from deferred taxes | 780 | €3,764 | €3,764 | +€0 | 0.0% |
| Income taxes | 67/77 | €60,803 | €96,748 | +€35,945 | +59.1% |
| Profit (loss) for the period | 9904 | €163,930 | €192,828 | +€28,898 | +17.6% |
| Transfer from tax-exempt reserves | 789 | €15,055 | €15,055 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €178,985 | €207,884 | +€28,898 | +16.1% |
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 15 October 2026 via checked.be.