M&M Groupe: what changed
M&M Groupe
Largest movements
- Cash +€36,298
up €36,298 (+58.2%), from €62,372 to €98,670
mainly Net result for the year (+€48,595) and Receivables within one year (+€31,401)
- Receivables within one year -€31,401
down €31,401 (-85.5%), from €36,714 to €5,314
of which Trade receivables: -€19,000
- Stocks and contracts +€30,057
up €30,057 (+13.4%), from €224,312 to €254,369
- Profit (loss) carried forward +€48,595
up €48,595 (+79.2%), from €61,347 to €109,942
- Other debts -€19,424
down €19,424 (-9.0%), from €216,435 to €197,011
- Tax, wage and social debts +€4,203
up €4,203 (+10.5%), from €39,864 to €44,067
of which Taxes: +€2,860
- Gross operating margin -€16,441
down €16,441 (-20.3%), from €81,004 to €64,563
- Taxes -€3,281
down €3,281 (-20.8%), from €15,787 to €12,506
- Other operating charges -€1,357
down €1,357 (-53.1%), from €2,556 to €1,199
- Depreciation +€1,031
up €1,031 (+95.3%), from €1,082 to €2,114
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,057 | €361,497 | +€32,440 | +9.9% |
| Fixed assets | 21/28 | €3,877 | €3,145 | -€732 | -18.9% |
| Tangible fixed assets | 22/27 | €3,877 | €3,145 | -€732 | -18.9% |
| Furniture and vehicles | 24 | €3,877 | €3,145 | -€732 | -18.9% |
| Current assets | 29/58 | €325,181 | €358,352 | +€33,172 | +10.2% |
| Stocks and contracts in progress | 3 | €224,312 | €254,369 | +€30,057 | +13.4% |
| Stocks | 30/36 | €224,312 | €254,369 | +€30,057 | +13.4% |
| Amounts receivable within one year | 40/41 | €36,714 | €5,314 | -€31,401 | -85.5% |
| Trade receivables | 40 | €20,308 | €1,308 | -€19,000 | -93.6% |
| Other amounts receivable | 41 | €16,407 | €4,006 | -€12,401 | -75.6% |
| Cash at bank and in hand | 54/58 | €62,372 | €98,670 | +€36,298 | +58.2% |
| Deferred charges and accrued income | 490/1 | €1,782 | - | -€1,782 | |
| Total equity and liabilities | 10/49 | €329,057 | €361,497 | +€32,440 | +9.9% |
| Equity | 10/15 | €66,347 | €114,942 | +€48,595 | +73.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,347 | €109,942 | +€48,595 | +79.2% |
| Amounts payable | 17/49 | €262,711 | €246,555 | -€16,155 | -6.1% |
| Amounts payable within one year | 42/48 | €262,711 | €246,555 | -€16,155 | -6.1% |
| Trade debts | 44 | €6,412 | €5,477 | -€934 | -14.6% |
| Suppliers | 440/4 | €6,412 | €5,477 | -€934 | -14.6% |
| Taxes, remuneration and social security | 45 | €39,864 | €44,067 | +€4,203 | +10.5% |
| Taxes | 450/3 | €26,804 | €29,665 | +€2,860 | +10.7% |
| Remuneration and social security | 454/9 | €13,060 | €14,403 | +€1,343 | +10.3% |
| Other amounts payable | 47/48 | €216,435 | €197,011 | -€19,424 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,082 | €2,114 | +€1,031 | +95.3% |
| Other operating charges | 640/8 | €2,556 | €1,199 | -€1,357 | -53.1% |
| Gross operating margin | 9900 | €81,004 | €64,563 | -€16,441 | -20.3% |
| Operating profit (loss) | 9901 | €77,365 | €61,250 | -€16,116 | -20.8% |
| Financial income | 75/76B | €1 | €0 | -€1 | -83.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -83.2% |
| Financial charges | 65/66B | €233 | €149 | -€84 | -35.9% |
| Recurring financial charges | 65 | €233 | €149 | -€84 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €77,133 | €61,101 | -€16,033 | -20.8% |
| Income taxes | 67/77 | €15,787 | €12,506 | -€3,281 | -20.8% |
| Profit (loss) for the period | 9904 | €61,347 | €48,595 | -€12,752 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,347 | €48,595 | -€12,752 | -20.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.