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
- Cash -€18,057
down €18,057 (-91.3%), from €19,775 to €1,718
mainly Net result for the year (-€12,597) and Trade debts (-€12,383)
- Receivables within one year -€3,553
down €3,553 (-30.6%), from €11,615 to €8,062
of which Other amounts receivable: -€1,891
- Deferred charges and accrued income -€2,084
down €2,084 (-48.2%), from €4,327 to €2,243
- Tangible fixed assets -€1,315
down €1,315 (-23.5%), from €5,591 to €4,275
- Profit (loss) carried forward -€12,597
down €12,597 (-45.2%), from €27,867 to €15,270
- Trade debts -€12,383
down €12,383 (-96.0%), from €12,902 to €519
- Gross operating margin -€7,614
down €7,614 (-1,357%), from -€561 to -€8,175
- Financial charges -€1,463
down €1,463 (-48.1%), from €3,039 to €1,576
- Other operating charges -€506
down €506 (-26.4%), from €1,915 to €1,409
- Depreciation +€390
up €390 (+42.2%), from €925 to €1,315
- Financial income -€277
down €277 (-100.0%), from €277 to €0
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 | €41,897 | €16,889 | -€25,008 | -59.7% |
| Fixed assets | 21/28 | €6,181 | €4,865 | -€1,315 | -21.3% |
| Tangible fixed assets | 22/27 | €5,591 | €4,275 | -€1,315 | -23.5% |
| Furniture and vehicles | 24 | €5,591 | €4,275 | -€1,315 | -23.5% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €35,716 | €12,023 | -€23,693 | -66.3% |
| Amounts receivable within one year | 40/41 | €11,615 | €8,062 | -€3,553 | -30.6% |
| Trade receivables | 40 | €1,661 | - | -€1,661 | |
| Other amounts receivable | 41 | €9,953 | €8,062 | -€1,891 | -19.0% |
| Cash at bank and in hand | 54/58 | €19,775 | €1,718 | -€18,057 | -91.3% |
| Deferred charges and accrued income | 490/1 | €4,327 | €2,243 | -€2,084 | -48.2% |
| Total equity and liabilities | 10/49 | €41,897 | €16,889 | -€25,008 | -59.7% |
| Equity | 10/15 | €28,967 | €16,370 | -€12,597 | -43.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,867 | €15,270 | -€12,597 | -45.2% |
| Amounts payable | 17/49 | €12,930 | €519 | -€12,411 | -96.0% |
| Amounts payable within one year | 42/48 | €12,930 | €519 | -€12,411 | -96.0% |
| Trade debts | 44 | €12,902 | €519 | -€12,383 | -96.0% |
| Suppliers | 440/4 | €12,902 | €519 | -€12,383 | -96.0% |
| Taxes, remuneration and social security | 45 | €28 | - | -€28 | |
| Taxes | 450/3 | €28 | - | -€28 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €1,315 | +€390 | +42.2% |
| Other operating charges | 640/8 | €1,915 | €1,409 | -€506 | -26.4% |
| Gross operating margin | 9900 | -€561 | -€8,175 | -€7,614 | -1,357% |
| Operating profit (loss) | 9901 | -€3,401 | -€10,900 | -€7,498 | -220% |
| Financial income | 75/76B | €277 | €0 | -€277 | -100.0% |
| Recurring financial income | 75 | €277 | €0 | -€277 | -100.0% |
| Financial charges | 65/66B | €3,039 | €1,576 | -€1,463 | -48.1% |
| Recurring financial charges | 65 | €3,039 | €1,576 | -€1,463 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,163 | -€12,476 | -€6,312 | -102% |
| Income taxes | 67/77 | - | €122 | +€122 | |
| Profit (loss) for the period | 9904 | -€6,163 | -€12,597 | -€6,434 | -104% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,163 | -€12,597 | -€6,434 | -104% |
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 17 October 2026 via checked.be.