M&M Management: what changed
What changed
M&M Management
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · €9.0m-€11.5m
Equity
€42.5m
2024 · €45.0m-€2.5m
Cash
€3,726
2024 · €3,675+€51
Balance sheet total
€142.5m
2024 · €142.6m-€179,332
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves -€2.5m
down €2.5m (-15.0%), from €16.8m to €14.3m
of which Distributable reserves: -€2.5m
- Debts after one year +€2.4m
up €2.4m (+2.5%), from €97.4m to €99.8m
Income statement
- Financial income -€12.1m
down €12.1m (-100.0%), from €12.1m to €3,648
- Other operating income +€1.1m
up €1.1m (+46.4%), from €2.4m to €3.5m
- Services and other goods +€1.1m
up €1.1m (+44.8%), from €2.4m to €3.5m
- Financial charges +€212,617
up €212,617 (+5.7%), from €3.7m to €3.9m
- Other operating charges +€22,697
up €22,697 (+1,055%), from €2,151 to €24,848
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9.0m
Other operating income
+€1.1m
Services and other goods
-€1.1m
Other operating charges
-€22,697
Other operating items
+€813,587
Financial income
-€12.1m
Financial charges
-€212,617
Taxes
-€780
Result 2025
-€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.4m
Investment
€0
Financing
+€2.4m
Cash 2024
€3,675
From operations (derived)
-€2.4m
Net result for the year
-€2.5m
Depreciation
+€92,869
Receivables within one year
+€94,047
Deferred charges and accrued income
-€7,533
Provisions
-€1,378
Trade debts
-€55,756
Financing
+€2.4m
Debts after one year
+€2.4m
Cash 2025
€3,726
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €142,638,727 | €142,459,395 | -€179,332 | -0.1% |
| Fixed assets | 21/28 | €141,490,098 | €141,397,229 | -€92,869 | -0.1% |
| Tangible fixed assets | 22/27 | €4,410,772 | €4,317,903 | -€92,869 | -2.1% |
| Land and buildings | 22 | €4,410,772 | €4,317,903 | -€92,869 | -2.1% |
| Financial fixed assets | 28 | €137,079,326 | €137,079,326 | = | 0.0% |
| Affiliated companies | 280/1 | €137,079,326 | €137,079,326 | = | 0.0% |
| Participating interests | 280 | €137,079,326 | €137,079,326 | = | 0.0% |
| Current assets | 29/58 | €1,148,629 | €1,062,166 | -€86,463 | -7.5% |
| Amounts receivable within one year | 40/41 | €1,144,954 | €1,050,907 | -€94,047 | -8.2% |
| Trade receivables | 40 | €896,576 | €218,008 | -€678,568 | -75.7% |
| Other amounts receivable | 41 | €248,378 | €832,899 | +€584,521 | +235% |
| Cash at bank and in hand | 54/58 | €3,675 | €3,726 | +€51 | +1.4% |
| Deferred charges and accrued income | 490/1 | - | €7,533 | +€7,533 | |
| Total equity and liabilities | 10/49 | €142,638,727 | €142,459,395 | -€179,332 | -0.1% |
| Equity | 10/15 | €44,991,556 | €42,474,000 | -€2.5m | -5.6% |
| Contributions | 10/11 | €28,155,940 | €28,155,940 | = | 0.0% |
| Reserves | 13 | €16,835,616 | €14,318,059 | -€2.5m | -15.0% |
| Tax-exempt reserves | 132 | €106,105 | €101,971 | -€4,134 | -3.9% |
| Distributable reserves | 133 | €16,729,510 | €14,216,088 | -€2.5m | -15.0% |
| Provisions and deferred taxes | 16 | €35,368 | €33,990 | -€1,378 | -3.9% |
| Deferred taxes | 168 | €35,368 | €33,990 | -€1,378 | -3.9% |
| Amounts payable | 17/49 | €97,611,803 | €99,951,405 | +€2.3m | +2.4% |
| Amounts payable after more than one year | 17 | €97,381,256 | €99,776,614 | +€2.4m | +2.5% |
| Financial debts | 170/4 | €97,381,256 | €99,776,614 | +€2.4m | +2.5% |
| Other loans | 174 | €97,381,256 | €99,776,614 | +€2.4m | +2.5% |
| Amounts payable within one year | 42/48 | €230,546 | €174,791 | -€55,756 | -24.2% |
| Trade debts | 44 | €230,546 | €174,791 | -€55,756 | -24.2% |
| Suppliers | 440/4 | €230,546 | €174,791 | -€55,756 | -24.2% |
| Operating income | 70/76A | €3,146,426 | €5,079,314 | +€1.9m | +61.4% |
| Turnover | 70 | €735,000 | €735,000 | = | 0.0% |
| Other operating income | 74 | €2,411,426 | €3,530,727 | +€1.1m | +46.4% |
| Non-recurring operating income | 76A | - | €813,587 | +€813,587 | |
| Operating charges | 60/66A | €2,543,192 | €3,662,530 | +€1.1m | +44.0% |
| Services and other goods | 61 | €2,448,171 | €3,544,813 | +€1.1m | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,869 | €92,869 | = | 0.0% |
| Other operating charges | 640/8 | €2,151 | €24,848 | +€22,697 | +1,055% |
| Operating profit (loss) | 9901 | €603,234 | €1,416,784 | +€813,550 | +135% |
| Financial income | 75/76B | €12,133,962 | €3,648 | -€12.1m | -100.0% |
| Recurring financial income | 75 | €12,133,962 | €3,648 | -€12.1m | -100.0% |
| Income from financial fixed assets | 750 | €12,001,600 | - | -€12.0m | |
| Income from current assets | 751 | €132,362 | €3,648 | -€128,714 | -97.2% |
| Financial charges | 65/66B | €3,726,749 | €3,939,366 | +€212,617 | +5.7% |
| Recurring financial charges | 65 | €3,726,749 | €3,939,366 | +€212,617 | +5.7% |
| Debt charges | 650 | €3,726,059 | €3,938,650 | +€212,591 | +5.7% |
| Other financial charges | 652/9 | €690 | €716 | +€26 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €9,010,447 | -€2,518,934 | -€11.5m | |
| Transfer from deferred taxes | 780 | €1,378 | €1,378 | = | 0.0% |
| Income taxes | 67/77 | -€780 | - | +€780 | |
| Tax adjustments and reversals of tax provisions | 77 | €780 | - | -€780 | |
| Profit (loss) for the period | 9904 | €9,012,605 | -€2,517,556 | -€11.5m | |
| Transfer from tax-exempt reserves | 789 | €4,134 | €4,134 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,016,739 | -€2,513,422 | -€11.5m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.