M & M PAVING: 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 PAVING
Largest movements
- Receivables within one year -€56,800
down €56,800 (-27.2%), from €209,096 to €152,295
of which Trade receivables: -€46,256
- Tangible fixed assets -€24,483
down €24,483 (-30.4%), from €80,534 to €56,051
of which Furniture and vehicles: -€24,725
- Profit (loss) carried forward -€85,383
down €85,383 (-63.4%), from €134,639 to €49,256
- Debts after one year -€20,715
down €20,715 (-39.7%), from €52,208 to €31,493
- Trade debts +€16,997
up €16,997 (+47.8%), from €35,557 to €52,554
- Other debts +€12,000
up €12,000 (+27.9%), from €43,000 to €55,000
- Tax, wage and social debts -€6,079
down €6,079 (-11.9%), from €51,182 to €45,103
of which Remuneration and social security: -€3,780
- Staff costs +€91,185
up €91,185 (+26.6%), from €342,392 to €433,577
- Gross operating margin -€55,431
down €55,431 (-10.8%), from €514,617 to €459,187
- Taxes -€34,882
down €34,882, from €29,417 to -€5,465
- Other operating charges -€15,139
down €15,139 (-61.2%), from €24,743 to €9,604
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 | €354,762 | €272,721 | -€82,041 | -23.1% |
| Fixed assets | 21/28 | €88,034 | €64,151 | -€23,883 | -27.1% |
| Tangible fixed assets | 22/27 | €80,534 | €56,051 | -€24,483 | -30.4% |
| Plant, machinery and equipment | 23 | €3,466 | €3,707 | +€241 | +7.0% |
| Furniture and vehicles | 24 | €77,068 | €52,344 | -€24,725 | -32.1% |
| Financial fixed assets | 28 | €7,500 | €8,100 | +€600 | +8.0% |
| Current assets | 29/58 | €266,728 | €208,570 | -€58,158 | -21.8% |
| Amounts receivable within one year | 40/41 | €209,096 | €152,295 | -€56,800 | -27.2% |
| Trade receivables | 40 | €112,159 | €65,903 | -€46,256 | -41.2% |
| Other amounts receivable | 41 | €96,937 | €86,393 | -€10,544 | -10.9% |
| Cash at bank and in hand | 54/58 | €57,632 | €56,275 | -€1,358 | -2.4% |
| Total equity and liabilities | 10/49 | €354,762 | €272,721 | -€82,041 | -23.1% |
| Equity | 10/15 | €153,239 | €67,856 | -€85,383 | -55.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,639 | €49,256 | -€85,383 | -63.4% |
| Amounts payable | 17/49 | €201,523 | €204,865 | +€3,342 | +1.7% |
| Amounts payable after more than one year | 17 | €52,208 | €31,493 | -€20,715 | -39.7% |
| Financial debts | 170/4 | €52,208 | €31,493 | -€20,715 | -39.7% |
| Amounts payable within one year | 42/48 | €149,315 | €173,371 | +€24,057 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €19,576 | €20,715 | +€1,139 | +5.8% |
| Trade debts | 44 | €35,557 | €52,554 | +€16,997 | +47.8% |
| Suppliers | 440/4 | €35,557 | €52,554 | +€16,997 | +47.8% |
| Taxes, remuneration and social security | 45 | €51,182 | €45,103 | -€6,079 | -11.9% |
| Taxes | 450/3 | €12,005 | €9,706 | -€2,299 | -19.2% |
| Remuneration and social security | 454/9 | €39,177 | €35,397 | -€3,780 | -9.6% |
| Other amounts payable | 47/48 | €43,000 | €55,000 | +€12,000 | +27.9% |
| Remuneration, social security and pensions | 62 | €342,392 | €433,577 | +€91,185 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,344 | €31,067 | +€1,723 | +5.9% |
| Other operating charges | 640/8 | €24,743 | €9,604 | -€15,139 | -61.2% |
| Gross operating margin | 9900 | €514,617 | €459,187 | -€55,431 | -10.8% |
| Operating profit (loss) | 9901 | €118,138 | -€15,062 | -€133,200 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.2% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.2% |
| Financial charges | 65/66B | €12,391 | €11,081 | -€1,310 | -10.6% |
| Recurring financial charges | 65 | €12,391 | €11,081 | -€1,310 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €105,749 | -€26,142 | -€131,891 | |
| Income taxes | 67/77 | €29,417 | -€5,465 | -€34,882 | |
| Profit (loss) for the period | 9904 | €76,332 | -€20,677 | -€97,009 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,332 | -€20,677 | -€97,009 |
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.