M & M Management: 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 Management
Largest movements
- Tangible fixed assets +€25,541
up €25,541 (+813%), from €3,143 to €28,685
of which Furniture and vehicles: +€26,274
- Cash -€19,115
down €19,115 (-21.5%), from €88,801 to €69,686
mainly Investment in fixed assets (net) (-€27,814) and Deferred charges and accrued income (-€4,430)
- Deferred charges and accrued income +€4,430
up €4,430, from €0 to €4,430
- Receivables within one year -€2,360
down €2,360 (-19.6%), from €12,016 to €9,656
- Reserves +€7,501
up €7,501 (+9.9%), from €75,730 to €83,231
of which Distributable reserves: +€7,501
- Trade debts +€1,472
up €1,472 (+66.0%), from €2,231 to €3,704
- Taxes +€4,284
up €4,284 (+263%), from €1,628 to €5,913
- Gross operating margin +€2,107
up €2,107 (+12.9%), from €16,387 to €18,493
- Financial charges +€230
up €230 (+15.0%), from €1,534 to €1,764
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 | €104,010 | €112,507 | +€8,496 | +8.2% |
| Fixed assets | 21/28 | €3,193 | €28,735 | +€25,541 | +800% |
| Tangible fixed assets | 22/27 | €3,143 | €28,685 | +€25,541 | +813% |
| Furniture and vehicles | 24 | €0 | €26,274 | +€26,274 | |
| Other tangible fixed assets | 26 | €3,143 | €2,411 | -€732 | -23.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €100,817 | €83,772 | -€17,045 | -16.9% |
| Amounts receivable within one year | 40/41 | €12,016 | €9,656 | -€2,360 | -19.6% |
| Other amounts receivable | 41 | €12,016 | €9,656 | -€2,360 | -19.6% |
| Cash at bank and in hand | 54/58 | €88,801 | €69,686 | -€19,115 | -21.5% |
| Deferred charges and accrued income | 490/1 | €0 | €4,430 | +€4,430 | |
| Total equity and liabilities | 10/49 | €104,010 | €112,507 | +€8,496 | +8.2% |
| Equity | 10/15 | €94,280 | €101,781 | +€7,501 | +8.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €75,730 | €83,231 | +€7,501 | +9.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €73,875 | €81,376 | +€7,501 | +10.2% |
| Amounts payable | 17/49 | €9,730 | €10,726 | +€996 | +10.2% |
| Amounts payable within one year | 42/48 | €9,730 | €10,726 | +€996 | +10.2% |
| Trade debts | 44 | €2,231 | €3,704 | +€1,472 | +66.0% |
| Suppliers | 440/4 | €2,231 | €3,704 | +€1,472 | +66.0% |
| Taxes, remuneration and social security | 45 | €7,499 | €7,022 | -€477 | -6.4% |
| Taxes | 450/3 | €7,499 | €7,022 | -€477 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,273 | -€163 | -6.7% |
| Other operating charges | 640/8 | €1,419 | €1,382 | -€37 | -2.6% |
| Gross operating margin | 9900 | €16,387 | €18,493 | +€2,107 | +12.9% |
| Operating profit (loss) | 9901 | €12,532 | €14,839 | +€2,307 | +18.4% |
| Financial income | 75/76B | €338 | €338 | +€0 | +0.1% |
| Recurring financial income | 75 | €338 | €338 | +€0 | +0.1% |
| Financial charges | 65/66B | €1,534 | €1,764 | +€230 | +15.0% |
| Recurring financial charges | 65 | €1,534 | €1,764 | +€230 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €11,336 | €13,413 | +€2,078 | +18.3% |
| Income taxes | 67/77 | €1,628 | €5,913 | +€4,284 | +263% |
| Profit (loss) for the period | 9904 | €9,708 | €7,501 | -€2,207 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,708 | €7,501 | -€2,207 | -22.7% |
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 25 October 2026 via checked.be.