M&M IMPEX: 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 IMPEX
Largest movements
- Receivables within one year -€599,594
down €599,594 (-53.8%), from €1.1m to €515,892
of which Trade receivables: -€606,637
- Stocks and contracts +€147,188
up €147,188 (+18,720%), from €786 to €147,975
- Cash -€24,571
down €24,571 (-11.9%), from €205,747 to €181,176
mainly Trade debts (-€470,651) and Stocks and contracts (-€147,188)
- Trade debts -€470,651
down €470,651 (-54.3%), from €866,551 to €395,900
- Tax, wage and social debts -€25,657
down €25,657 (-35.7%), from €71,879 to €46,222
of which Taxes: -€24,265
- Gross operating margin -€246,260
down €246,260 (-92.6%), from €266,027 to €19,767
- Taxes -€41,779
down €41,779 (-98.3%), from €42,514 to €735
- Financial charges -€36,302
down €36,302 (-81.3%), from €44,631 to €8,329
- Financial income +€14,944
up €14,944 (+6,404%), from €233 to €15,177
- Other operating charges -€8,083
down €8,083 (-85.4%), from €9,460 to €1,377
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 | €1,338,407 | €865,353 | -€473,054 | -35.3% |
| Fixed assets | 21/28 | €16,388 | €20,310 | +€3,922 | +23.9% |
| Intangible fixed assets | 21 | - | €8,064 | +€8,064 | |
| Tangible fixed assets | 22/27 | €16,388 | €12,246 | -€4,142 | -25.3% |
| Plant, machinery and equipment | 23 | €13,472 | €10,297 | -€3,175 | -23.6% |
| Furniture and vehicles | 24 | €2,916 | €1,949 | -€967 | -33.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,322,019 | €845,042 | -€476,976 | -36.1% |
| Stocks and contracts in progress | 3 | €786 | €147,975 | +€147,188 | +18,720% |
| Stocks | 30/36 | €786 | €147,975 | +€147,188 | +18,720% |
| Amounts receivable within one year | 40/41 | €1,115,485 | €515,892 | -€599,594 | -53.8% |
| Trade receivables | 40 | €1,111,520 | €504,883 | -€606,637 | -54.6% |
| Other amounts receivable | 41 | €3,966 | €11,009 | +€7,043 | +178% |
| Cash at bank and in hand | 54/58 | €205,747 | €181,176 | -€24,571 | -11.9% |
| Total equity and liabilities | 10/49 | €1,338,407 | €865,353 | -€473,054 | -35.3% |
| Equity | 10/15 | €376,290 | €378,699 | +€2,409 | +0.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,090 | €372,499 | +€2,409 | +0.7% |
| Distributable reserves | 133 | €370,090 | €372,499 | +€2,409 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €962,117 | €486,654 | -€475,463 | -49.4% |
| Amounts payable within one year | 42/48 | €962,117 | €486,654 | -€475,463 | -49.4% |
| Current portion of amounts payable after more than one year | 42 | €1,754 | €1,754 | = | 0.0% |
| Trade debts | 44 | €866,551 | €395,900 | -€470,651 | -54.3% |
| Suppliers | 440/4 | €866,551 | €395,900 | -€470,651 | -54.3% |
| Advances received on contracts in progress | 46 | €7,651 | €17,296 | +€9,646 | +126% |
| Taxes, remuneration and social security | 45 | €71,879 | €46,222 | -€25,657 | -35.7% |
| Taxes | 450/3 | €69,801 | €45,537 | -€24,265 | -34.8% |
| Remuneration and social security | 454/9 | €2,078 | €686 | -€1,392 | -67.0% |
| Other amounts payable | 47/48 | €14,283 | €25,481 | +€11,199 | +78.4% |
| Remuneration, social security and pensions | 62 | €15,671 | €15,936 | +€264 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,220 | €6,158 | +€3,937 | +177% |
| Other operating charges | 640/8 | €9,460 | €1,377 | -€8,083 | -85.4% |
| Gross operating margin | 9900 | €266,027 | €19,767 | -€246,260 | -92.6% |
| Operating profit (loss) | 9901 | €238,676 | -€3,704 | -€242,379 | |
| Financial income | 75/76B | €233 | €15,177 | +€14,944 | +6,404% |
| Recurring financial income | 75 | €233 | €15,177 | +€14,944 | +6,404% |
| Financial charges | 65/66B | €44,631 | €8,329 | -€36,302 | -81.3% |
| Recurring financial charges | 65 | €44,631 | €8,329 | -€36,302 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | €194,278 | €3,145 | -€191,133 | -98.4% |
| Income taxes | 67/77 | €42,514 | €735 | -€41,779 | -98.3% |
| Profit (loss) for the period | 9904 | €151,764 | €2,409 | -€149,355 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,764 | €2,409 | -€149,355 | -98.4% |
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 15 October 2026 via checked.be.