M&M DRIVE: 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 DRIVE
Largest movements
- Tangible fixed assets +€13,702
up €13,702 (+1,015%), from €1,350 to €15,052
- Cash +€7,463
up €7,463 (+18.0%), from €41,500 to €48,963
mainly Debts after one year (+€18,993) and Net result for the year (+€5,211)
- Receivables within one year +€3,940
up €3,940 (+299%), from €1,319 to €5,259
- Debts after one year +€18,993
new in 2025: €18,993
- Profit (loss) carried forward +€5,211
up €5,211 (+23.4%), from €22,278 to €27,489
- Current portion of long-term debt +€2,415
new in 2025: €2,415
- Trade debts -€2,298
down €2,298 (-69.8%), from €3,291 to €993
- Other debts +€784
new in 2025: €784
- Financial income -€5,145
no longer reported in 2025 (was €5,145)
- Purchases and services -€4,987
down €4,987 (-14.9%), from €33,544 to €28,557
- Gross operating margin +€4,054
up €4,054 (+51.5%), from €7,873 to €11,927
- Financial charges -€1,905
down €1,905 (-52.6%), from €3,619 to €1,714
- Depreciation +€1,849
up €1,849 (+95.9%), from €1,928 to €3,778
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 | €44,169 | €69,274 | +€25,105 | +56.8% |
| Fixed assets | 21/28 | €1,350 | €15,052 | +€13,702 | +1,015% |
| Tangible fixed assets | 22/27 | €1,350 | €15,052 | +€13,702 | +1,015% |
| Furniture and vehicles | 24 | €1,350 | €15,052 | +€13,702 | +1,015% |
| Current assets | 29/58 | €42,819 | €54,222 | +€11,403 | +26.6% |
| Amounts receivable within one year | 40/41 | €1,319 | €5,259 | +€3,940 | +299% |
| Other amounts receivable | 41 | €1,319 | €5,259 | +€3,940 | +299% |
| Cash at bank and in hand | 54/58 | €41,500 | €48,963 | +€7,463 | +18.0% |
| Total equity and liabilities | 10/49 | €44,169 | €69,274 | +€25,105 | +56.8% |
| Equity | 10/15 | €40,878 | €46,089 | +€5,211 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,278 | €27,489 | +€5,211 | +23.4% |
| Amounts payable | 17/49 | €3,291 | €23,185 | +€19,894 | +605% |
| Amounts payable after more than one year | 17 | - | €18,993 | +€18,993 | |
| Financial debts | 170/4 | - | €18,993 | +€18,993 | |
| Amounts payable within one year | 42/48 | €3,291 | €4,192 | +€901 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,415 | +€2,415 | |
| Trade debts | 44 | €3,291 | €993 | -€2,298 | -69.8% |
| Suppliers | 440/4 | €3,291 | €993 | -€2,298 | -69.8% |
| Other amounts payable | 47/48 | - | €784 | +€784 | |
| Turnover | 70 | €41,417 | €39,959 | -€1,459 | -3.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €33,544 | €28,557 | -€4,987 | -14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €3,778 | +€1,849 | +95.9% |
| Other operating charges | 640/8 | - | €126 | +€126 | |
| Gross operating margin | 9900 | €7,873 | €11,927 | +€4,054 | +51.5% |
| Operating profit (loss) | 9901 | €5,945 | €8,024 | +€2,079 | +35.0% |
| Financial income | 75/76B | €5,145 | - | -€5,145 | |
| Recurring financial income | 75 | €5,145 | - | -€5,145 | |
| Financial charges | 65/66B | €3,619 | €1,714 | -€1,905 | -52.6% |
| Recurring financial charges | 65 | €3,619 | €1,714 | -€1,905 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | €7,471 | €6,310 | -€1,161 | -15.5% |
| Income taxes | 67/77 | €1,698 | €1,099 | -€598 | -35.3% |
| Profit (loss) for the period | 9904 | €5,773 | €5,211 | -€562 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,773 | €5,211 | -€562 | -9.7% |
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.