M.M. PERFORMANCE: what changed
Two fiscal 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. PERFORMANCE
Largest movements
- Cash -€56,062
down €56,062 (-70.0%), from €80,131 to €24,069
mainly Trade debts (-€50,364) and Debts after one year (-€17,330)
- Receivables within one year -€4,112
down €4,112 (-31.2%), from €13,187 to €9,075
- Trade debts -€50,364
no longer reported in 2025 (was €50,364)
- Debts after one year -€17,330
down €17,330 (-18.8%), from €92,384 to €75,054
- Profit (loss) carried forward +€10,324
up €10,324 (+15.6%), from -€66,219 to -€55,895
- Tax, wage and social debts -€2,270
down €2,270 (-22.5%), from €10,106 to €7,836
- Accrued charges and deferred income -€1,200
no longer reported in 2025 (was €1,200)
- Gross operating margin -€68,164
down €68,164 (-86.0%), from €79,234 to €11,070
- Other operating charges -€52,489
no longer reported in 2025 (was €52,489)
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.
Cash bridge derived
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 | €94,034 | €33,194 | -€60,840 | -64.7% |
| Fixed assets | 21/28 | €717 | €50 | -€667 | -93.0% |
| Tangible fixed assets | 22/27 | €667 | - | -€667 | |
| Furniture and vehicles | 24 | €667 | - | -€667 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €93,318 | €33,144 | -€60,174 | -64.5% |
| Amounts receivable within one year | 40/41 | €13,187 | €9,075 | -€4,112 | -31.2% |
| Trade receivables | 40 | €13,187 | €9,075 | -€4,112 | -31.2% |
| Cash at bank and in hand | 54/58 | €80,131 | €24,069 | -€56,062 | -70.0% |
| Total equity and liabilities | 10/49 | €94,034 | €33,194 | -€60,840 | -64.7% |
| Equity | 10/15 | -€60,019 | -€49,695 | +€10,324 | +17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,219 | -€55,895 | +€10,324 | +15.6% |
| Amounts payable | 17/49 | €154,053 | €82,889 | -€71,164 | -46.2% |
| Amounts payable after more than one year | 17 | €92,384 | €75,054 | -€17,330 | -18.8% |
| Financial debts | 170/4 | €92,384 | €75,054 | -€17,330 | -18.8% |
| Amounts payable within one year | 42/48 | €60,469 | €7,836 | -€52,634 | -87.0% |
| Trade debts | 44 | €50,364 | - | -€50,364 | |
| Suppliers | 440/4 | €50,364 | - | -€50,364 | |
| Taxes, remuneration and social security | 45 | €10,106 | €7,836 | -€2,270 | -22.5% |
| Taxes | 450/3 | €10,106 | €7,836 | -€2,270 | -22.5% |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €667 | €667 | -€0 | 0.0% |
| Other operating charges | 640/8 | €52,489 | - | -€52,489 | |
| Gross operating margin | 9900 | €79,234 | €11,070 | -€68,164 | -86.0% |
| Operating profit (loss) | 9901 | €26,078 | €10,403 | -€15,675 | -60.1% |
| Financial charges | 65/66B | €82 | €79 | -€2 | -2.9% |
| Recurring financial charges | 65 | €82 | €79 | -€2 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €25,996 | €10,324 | -€15,672 | -60.3% |
| Profit (loss) for the period | 9904 | €25,996 | €10,324 | -€15,672 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,996 | €10,324 | -€15,672 | -60.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.