M.M.E.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.E.C.
Largest movements
- Tangible fixed assets +€15,149
up €15,149 (+241.6%), from €6,271 to €21,420
of which Leasing and similar rights: +€18,124
- Receivables within one year -€5,542
down €5,542 (-45.1%), from €12,281 to €6,739
of which Other amounts receivable: -€4,326
- Financial fixed assets +€3,000
new in 2025: €3,000
- Cash +€2,935
up €2,935 (+90.4%), from €3,248 to €6,184
mainly Debts after one year (+€15,250) and Other debts (+€10,054)
- Deferred charges and accrued income +€1,462
new in 2025: €1,462
- Debts after one year +€15,250
new in 2025: €15,250
- Other debts +€10,054
new in 2025: €10,054
- Profit (loss) carried forward -€7,812
down €7,812 (-80.4%), from €9,719 to €1,907
- Current portion of long-term debt +€3,359
new in 2025: €3,359
- Trade debts -€3,224
down €3,224 (-30.2%), from €10,684 to €7,460
- Gross operating margin -€12,711
down €12,711, from €12,415 to -€296
- Taxes -€3,002
no longer reported in 2025 (was €3,002)
- Depreciation +€2,946
up €2,946 (+89.8%), from €3,279 to €6,225
- Financial charges +€768
up €768 (+330.4%), from €232 to €1,000
- Financial income -€148
down €148 (-99.0%), from €150 to €1
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 | €27,484 | €43,052 | +€15,568 | +56.6% |
| Fixed assets | 21/28 | €10,199 | €27,634 | +€17,435 | +170.9% |
| Intangible fixed assets | 21 | €3,928 | €3,214 | -€715 | -18.2% |
| Tangible fixed assets | 22/27 | €6,271 | €21,420 | +€15,149 | +241.6% |
| Plant, machinery and equipment | 23 | €4,938 | €2,500 | -€2,438 | -49.4% |
| Furniture and vehicles | 24 | €1,332 | €796 | -€536 | -40.3% |
| Leasing and similar rights | 25 | - | €18,124 | +€18,124 | |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €17,285 | €15,418 | -€1,867 | -10.8% |
| Stocks and contracts in progress | 3 | €1,755 | €1,033 | -€722 | -41.1% |
| Stocks | 30/36 | €1,755 | €1,033 | -€722 | -41.1% |
| Amounts receivable within one year | 40/41 | €12,281 | €6,739 | -€5,542 | -45.1% |
| Trade receivables | 40 | €7,032 | €5,816 | -€1,216 | -17.3% |
| Other amounts receivable | 41 | €5,249 | €923 | -€4,326 | -82.4% |
| Cash at bank and in hand | 54/58 | €3,248 | €6,184 | +€2,935 | +90.4% |
| Deferred charges and accrued income | 490/1 | - | €1,462 | +€1,462 | |
| Total equity and liabilities | 10/49 | €27,484 | €43,052 | +€15,568 | +56.6% |
| Equity | 10/15 | €11,719 | €3,907 | -€7,812 | -66.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,719 | €1,907 | -€7,812 | -80.4% |
| Amounts payable | 17/49 | €15,765 | €39,145 | +€23,380 | +148.3% |
| Amounts payable after more than one year | 17 | - | €15,250 | +€15,250 | |
| Financial debts | 170/4 | - | €15,250 | +€15,250 | |
| Amounts payable within one year | 42/48 | €15,765 | €23,895 | +€8,130 | +51.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,359 | +€3,359 | |
| Trade debts | 44 | €10,684 | €7,460 | -€3,224 | -30.2% |
| Suppliers | 440/4 | €10,684 | €7,460 | -€3,224 | -30.2% |
| Taxes, remuneration and social security | 45 | €5,081 | €3,021 | -€2,060 | -40.5% |
| Taxes | 450/3 | €5,081 | €3,021 | -€2,060 | -40.5% |
| Other amounts payable | 47/48 | - | €10,054 | +€10,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,279 | €6,225 | +€2,946 | +89.8% |
| Other operating charges | 640/8 | €152 | €292 | +€140 | +92.0% |
| Gross operating margin | 9900 | €12,415 | -€296 | -€12,711 | |
| Operating profit (loss) | 9901 | €8,984 | -€6,813 | -€15,797 | |
| Financial income | 75/76B | €150 | €1 | -€148 | -99.0% |
| Recurring financial income | 75 | €150 | €1 | -€148 | -99.0% |
| Financial charges | 65/66B | €232 | €1,000 | +€768 | +330.4% |
| Recurring financial charges | 65 | €232 | €1,000 | +€768 | +330.4% |
| Profit (loss) for the period before taxes | 9903 | €8,901 | -€7,812 | -€16,713 | |
| Income taxes | 67/77 | €3,002 | - | -€3,002 | |
| Profit (loss) for the period | 9904 | €5,899 | -€7,812 | -€13,711 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,899 | -€7,812 | -€13,711 |
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 10 October 2026 via checked.be.