M & M LOGISTICS: 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 LOGISTICS
Largest movements
- Receivables after one year +€45,000
up €45,000 (+32.1%), from €140,000 to €185,000
- Cash -€14,148
down €14,148 (-35.9%), from €39,446 to €25,298
mainly Receivables after one year (-€45,000) and Tax, wage and social debts (-€5,939)
- Receivables within one year +€5,515
up €5,515 (+58.8%), from €9,378 to €14,892
of which Trade receivables: +€5,209
- Tangible fixed assets +€4,207
up €4,207 (+218%), from €1,932 to €6,139
of which Plant, machinery and equipment: +€2,692
- Reserves +€47,842
up €47,842 (+60.7%), from €78,830 to €126,672
- Tax, wage and social debts -€5,939
down €5,939 (-45.5%), from €13,061 to €7,122
- Other debts -€2,886
down €2,886 (-3.8%), from €76,411 to €73,525
- Gross operating margin -€1,872
down €1,872 (-2.6%), from €73,055 to €71,183
- Depreciation -€1,500
down €1,500 (-54.9%), from €2,734 to €1,234
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 | €192,792 | €233,199 | +€40,407 | +21.0% |
| Fixed assets | 21/28 | €1,932 | €6,139 | +€4,207 | +218% |
| Tangible fixed assets | 22/27 | €1,932 | €6,139 | +€4,207 | +218% |
| Plant, machinery and equipment | 23 | €1,384 | €4,076 | +€2,692 | +194% |
| Furniture and vehicles | 24 | €547 | €2,063 | +€1,516 | +277% |
| Current assets | 29/58 | €190,860 | €227,060 | +€36,200 | +19.0% |
| Amounts receivable after more than one year | 29 | €140,000 | €185,000 | +€45,000 | +32.1% |
| Other amounts receivable | 291 | €140,000 | €185,000 | +€45,000 | +32.1% |
| Amounts receivable within one year | 40/41 | €9,378 | €14,892 | +€5,515 | +58.8% |
| Trade receivables | 40 | €9,378 | €14,586 | +€5,209 | +55.5% |
| Other amounts receivable | 41 | - | €306 | +€306 | |
| Cash at bank and in hand | 54/58 | €39,446 | €25,298 | -€14,148 | -35.9% |
| Deferred charges and accrued income | 490/1 | €2,036 | €1,869 | -€167 | -8.2% |
| Total equity and liabilities | 10/49 | €192,792 | €233,199 | +€40,407 | +21.0% |
| Equity | 10/15 | €98,830 | €146,672 | +€47,842 | +48.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €78,830 | €126,672 | +€47,842 | +60.7% |
| Distributable reserves | 133 | €78,830 | €126,672 | +€47,842 | +60.7% |
| Amounts payable | 17/49 | €93,961 | €86,527 | -€7,435 | -7.9% |
| Amounts payable within one year | 42/48 | €93,722 | €86,187 | -€7,535 | -8.0% |
| Trade debts | 44 | €4,250 | €5,541 | +€1,291 | +30.4% |
| Suppliers | 440/4 | €4,250 | €5,541 | +€1,291 | +30.4% |
| Taxes, remuneration and social security | 45 | €13,061 | €7,122 | -€5,939 | -45.5% |
| Taxes | 450/3 | €13,061 | €7,122 | -€5,939 | -45.5% |
| Other amounts payable | 47/48 | €76,411 | €73,525 | -€2,886 | -3.8% |
| Accrued charges and deferred income | 492/3 | €240 | €340 | +€100 | +41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,734 | €1,234 | -€1,500 | -54.9% |
| Other operating charges | 640/8 | €983 | €908 | -€75 | -7.7% |
| Gross operating margin | 9900 | €73,055 | €71,183 | -€1,872 | -2.6% |
| Operating profit (loss) | 9901 | €69,338 | €69,041 | -€297 | -0.4% |
| Financial income | 75/76B | €304 | €82 | -€222 | -73.2% |
| Recurring financial income | 75 | €304 | €82 | -€222 | -73.2% |
| Financial charges | 65/66B | €768 | €932 | +€165 | +21.4% |
| Recurring financial charges | 65 | €768 | €932 | +€165 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €68,874 | €68,191 | -€683 | -1.0% |
| Income taxes | 67/77 | €20,887 | €20,349 | -€538 | -2.6% |
| Profit (loss) for the period | 9904 | €47,987 | €47,842 | -€145 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,987 | €47,842 | -€145 | -0.3% |
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 29 October 2026 via checked.be.