M.M.M.P.: 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.M.P.
Largest movements
- Tangible fixed assets -€7,175
down €7,175 (-5.8%), from €122,685 to €115,510
of which Furniture and vehicles: -€7,401
- Cash -€2,711
down €2,711 (-45.2%), from €5,994 to €3,283
mainly Investment in fixed assets (net) (-€9,795) and Debts after one year (-€8,305)
- Debts after one year -€8,305
down €8,305 (-29.4%), from €28,294 to €19,989
- Other debts -€6,943
down €6,943 (-20.4%), from €33,966 to €27,023
- Profit (loss) carried forward +€6,272
up €6,272 (+2.6%), from -€243,531 to -€237,259
- Trade debts -€1,503
down €1,503 (-32.0%), from €4,704 to €3,201
- Other operating charges -€3,249
down €3,249 (-42.2%), from €7,708 to €4,459
- Gross operating margin +€2,336
up €2,336 (+8.6%), from €27,196 to €29,532
- Depreciation +€1,912
up €1,912 (+12.7%), from €15,058 to €16,970
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 | €132,123 | €122,616 | -€9,507 | -7.2% |
| Fixed assets | 21/28 | €123,771 | €116,596 | -€7,175 | -5.8% |
| Tangible fixed assets | 22/27 | €122,685 | €115,510 | -€7,175 | -5.8% |
| Land and buildings | 22 | €49,579 | €49,579 | = | 0.0% |
| Furniture and vehicles | 24 | €30,049 | €22,648 | -€7,401 | -24.6% |
| Leasing and similar rights | 25 | €43,057 | €43,283 | +€226 | +0.5% |
| Financial fixed assets | 28 | €1,086 | €1,086 | = | 0.0% |
| Current assets | 29/58 | €8,352 | €6,020 | -€2,332 | -27.9% |
| Cash at bank and in hand | 54/58 | €5,994 | €3,283 | -€2,711 | -45.2% |
| Deferred charges and accrued income | 490/1 | €2,358 | €2,737 | +€379 | +16.1% |
| Total equity and liabilities | 10/49 | €132,123 | €122,616 | -€9,507 | -7.2% |
| Equity | 10/15 | €56,842 | €63,114 | +€6,272 | +11.0% |
| Contributions | 10/11 | €278,881 | €278,881 | = | 0.0% |
| Capital | 10 | €278,881 | €278,881 | = | 0.0% |
| Issued capital | 100 | €278,881 | €278,881 | = | 0.0% |
| Reserves | 13 | €21,492 | €21,492 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,709 | €6,709 | = | 0.0% |
| Legal reserve | 130 | €6,709 | €6,709 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,867 | €4,867 | = | 0.0% |
| Distributable reserves | 133 | €9,916 | €9,916 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,531 | -€237,259 | +€6,272 | +2.6% |
| Amounts payable | 17/49 | €75,281 | €59,502 | -€15,779 | -21.0% |
| Amounts payable after more than one year | 17 | €28,294 | €19,989 | -€8,305 | -29.4% |
| Financial debts | 170/4 | €28,294 | €19,989 | -€8,305 | -29.4% |
| Amounts payable within one year | 42/48 | €46,987 | €38,888 | -€8,099 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €7,967 | €8,304 | +€337 | +4.2% |
| Trade debts | 44 | €4,704 | €3,201 | -€1,503 | -32.0% |
| Suppliers | 440/4 | €4,704 | €3,201 | -€1,503 | -32.0% |
| Taxes, remuneration and social security | 45 | €350 | €360 | +€10 | +2.9% |
| Taxes | 450/3 | €350 | €360 | +€10 | +2.9% |
| Other amounts payable | 47/48 | €33,966 | €27,023 | -€6,943 | -20.4% |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,058 | €16,970 | +€1,912 | +12.7% |
| Other operating charges | 640/8 | €7,708 | €4,459 | -€3,249 | -42.2% |
| Gross operating margin | 9900 | €27,196 | €29,532 | +€2,336 | +8.6% |
| Operating profit (loss) | 9901 | €4,430 | €8,103 | +€3,673 | +82.9% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,682 | €1,474 | -€208 | -12.4% |
| Recurring financial charges | 65 | €1,682 | €1,474 | -€208 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €2,748 | €6,631 | +€3,883 | +141% |
| Income taxes | 67/77 | €348 | €359 | +€11 | +3.2% |
| Profit (loss) for the period | 9904 | €2,400 | €6,272 | +€3,872 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €2,400 | €6,272 | +€3,872 | +161% |
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 27 October 2026 via checked.be.