M.M GROUP 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 GROUP CONSTRUCTION
Largest movements
- Receivables within one year +€79,914
up €79,914 (+23.3%), from €342,643 to €422,557
of which Other amounts receivable: +€59,889
- Cash +€14,200
up €14,200 (+4,576%), from €310 to €14,510
mainly Net result for the year (+€68,377) and Trade debts (+€35,007)
- Tangible fixed assets -€12,384
down €12,384 (-25.4%), from €48,743 to €36,360
- Profit (loss) carried forward +€68,377
up €68,377 (+55.7%), from €122,834 to €191,211
- Trade debts +€35,007
up €35,007 (+20.5%), from €170,559 to €205,565
of which Bills of exchange payable: +€53,066
- Debts after one year -€12,656
down €12,656 (-56.0%), from €22,599 to €9,943
- Tax, wage and social debts -€10,739
down €10,739 (-17.1%), from €62,706 to €51,966
of which Remuneration and social security: -€20,235
- Gross operating margin +€14,955
up €14,955 (+16.3%), from €91,657 to €106,612
- Financial income +€11,111
new in 2026: €11,111
- Taxes +€5,698
up €5,698 (+25.6%), from €22,261 to €27,958
- Depreciation +€5,335
up €5,335 (+75.7%), from €7,049 to €12,384
- Financial charges +€4,391
up €4,391 (+436%), from €1,007 to €5,397
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,697 | €473,427 | +€81,730 | +20.9% |
| Fixed assets | 21/28 | €48,743 | €36,360 | -€12,384 | -25.4% |
| Tangible fixed assets | 22/27 | €48,743 | €36,360 | -€12,384 | -25.4% |
| Furniture and vehicles | 24 | €48,743 | €36,360 | -€12,384 | -25.4% |
| Current assets | 29/58 | €342,954 | €437,067 | +€94,113 | +27.4% |
| Amounts receivable within one year | 40/41 | €342,643 | €422,557 | +€79,914 | +23.3% |
| Trade receivables | 40 | €279,315 | €299,340 | +€20,025 | +7.2% |
| Other amounts receivable | 41 | €63,329 | €123,217 | +€59,889 | +94.6% |
| Cash at bank and in hand | 54/58 | €310 | €14,510 | +€14,200 | +4,576% |
| Total equity and liabilities | 10/49 | €391,697 | €473,427 | +€81,730 | +20.9% |
| Equity | 10/15 | €123,834 | €192,211 | +€68,377 | +55.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,834 | €191,211 | +€68,377 | +55.7% |
| Amounts payable | 17/49 | €267,863 | €281,216 | +€13,353 | +5.0% |
| Amounts payable after more than one year | 17 | €22,599 | €9,943 | -€12,656 | -56.0% |
| Financial debts | 170/4 | €22,599 | €9,943 | -€12,656 | -56.0% |
| Amounts payable within one year | 42/48 | €245,264 | €271,273 | +€26,008 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,656 | +€656 | +5.5% |
| Trade debts | 44 | €170,559 | €205,565 | +€35,007 | +20.5% |
| Suppliers | 440/4 | €35,085 | €17,026 | -€18,059 | -51.5% |
| Bills of exchange payable | 441 | €135,474 | €188,540 | +€53,066 | +39.2% |
| Taxes, remuneration and social security | 45 | €62,706 | €51,966 | -€10,739 | -17.1% |
| Taxes | 450/3 | €38,320 | €47,816 | +€9,496 | +24.8% |
| Remuneration and social security | 454/9 | €24,385 | €4,150 | -€20,235 | -83.0% |
| Other amounts payable | 47/48 | - | €1,085 | +€1,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,049 | €12,384 | +€5,335 | +75.7% |
| Other operating charges | 640/8 | €2,316 | €3,606 | +€1,290 | +55.7% |
| Gross operating margin | 9900 | €91,657 | €106,612 | +€14,955 | +16.3% |
| Operating profit (loss) | 9901 | €82,292 | €90,622 | +€8,330 | +10.1% |
| Financial income | 75/76B | - | €11,111 | +€11,111 | |
| Recurring financial income | 75 | - | €11,111 | +€11,111 | |
| Financial charges | 65/66B | €1,007 | €5,397 | +€4,391 | +436% |
| Recurring financial charges | 65 | €1,007 | €5,397 | +€4,391 | +436% |
| Profit (loss) for the period before taxes | 9903 | €81,285 | €96,335 | +€15,050 | +18.5% |
| Income taxes | 67/77 | €22,261 | €27,958 | +€5,698 | +25.6% |
| Profit (loss) for the period | 9904 | €59,025 | €68,377 | +€9,352 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €59,025 | €68,377 | +€9,352 | +15.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.