M.M. PROJECT MANAGEMENT: what changed
What changed
M.M. PROJECT MANAGEMENT
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€62,209
2024 · €50,840+€11,369
Equity
€309,694
2024 · €247,485+€62,209
Cash
€3,083
2024 · €7,342-€4,259
Balance sheet total
€608,006
2024 · €571,931+€36,075
Largest movements
Assets
- Receivables within one year +€62,078
up €62,078 (+23.4%), from €264,763 to €326,841
of which Trade receivables: +€31,984
- Tangible fixed assets -€21,701
down €21,701 (-7.3%), from €298,964 to €277,262
Equity and liabilities
- Reserves +€62,200
up €62,200 (+27.2%), from €228,644 to €290,844
of which Distributable reserves: +€62,200
- Short-term financial debts +€25,000
new in 2025: €25,000
- Trade debts -€22,336
down €22,336 (-31.1%), from €71,785 to €49,449
- Debts after one year -€21,953
down €21,953 (-11.4%), from €191,746 to €169,793
Income statement
- Depreciation -€11,107
down €11,107 (-33.9%), from €32,808 to €21,701
- Taxes +€3,444
up €3,444 (+17.1%), from €20,161 to €23,606
- Other operating charges -€3,402
down €3,402 (-59.7%), from €5,702 to €2,300
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
€50,840
Gross operating margin
-€312
Depreciation
+€11,107
Other operating charges
+€3,402
Financial income
-€271
Financial charges
+€887
Taxes
-€3,444
Result 2025
€62,209
raises the resultlowers the result
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
-€1,577
Investment
€0
Financing
-€2,681
Cash 2024
€7,342
From operations (derived)
-€1,577
Net result for the year
+€62,209
Depreciation
+€21,701
Receivables within one year
-€62,078
Deferred charges and accrued income
+€42
Trade debts
-€22,336
Tax, wage and social debts
-€1,661
Accrued charges and deferred income
+€544
Financing
-€2,681
Debts after one year
-€21,953
Current portion of long-term debt
-€5,729
Short-term financial debts
+€25,000
Cash 2025
€3,083
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €571,931 | €608,006 | +€36,075 | +6.3% |
| Fixed assets | 21/28 | €298,964 | €277,262 | -€21,701 | -7.3% |
| Tangible fixed assets | 22/27 | €298,964 | €277,262 | -€21,701 | -7.3% |
| Land and buildings | 22 | €272,823 | €266,345 | -€6,478 | -2.4% |
| Plant, machinery and equipment | 23 | €12,714 | €6,442 | -€6,272 | -49.3% |
| Furniture and vehicles | 24 | €13,427 | €4,476 | -€8,951 | -66.7% |
| Current assets | 29/58 | €272,967 | €330,744 | +€57,777 | +21.2% |
| Amounts receivable within one year | 40/41 | €264,763 | €326,841 | +€62,078 | +23.4% |
| Trade receivables | 40 | €68,768 | €100,752 | +€31,984 | +46.5% |
| Other amounts receivable | 41 | €195,995 | €226,089 | +€30,094 | +15.4% |
| Cash at bank and in hand | 54/58 | €7,342 | €3,083 | -€4,259 | -58.0% |
| Deferred charges and accrued income | 490/1 | €862 | €820 | -€42 | -4.9% |
| Total equity and liabilities | 10/49 | €571,931 | €608,006 | +€36,075 | +6.3% |
| Equity | 10/15 | €247,485 | €309,694 | +€62,209 | +25.1% |
| Contributions | 10/11 | €18,840 | €18,840 | = | 0.0% |
| Reserves | 13 | €228,644 | €290,844 | +€62,200 | +27.2% |
| Non-distributable reserves | 130/1 | €1,884 | €1,884 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,884 | €1,884 | = | 0.0% |
| Distributable reserves | 133 | €226,760 | €288,960 | +€62,200 | +27.4% |
| Profit (loss) carried forward | 14 | €1 | €10 | +€9 | +842% |
| Amounts payable | 17/49 | €324,446 | €298,312 | -€26,134 | -8.1% |
| Amounts payable after more than one year | 17 | €191,746 | €169,793 | -€21,953 | -11.4% |
| Financial debts | 170/4 | €191,746 | €169,793 | -€21,953 | -11.4% |
| Amounts payable within one year | 42/48 | €132,700 | €127,975 | -€4,725 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €36,185 | €30,456 | -€5,729 | -15.8% |
| Financial debts | 43 | - | €25,000 | +€25,000 | |
| Credit institutions | 430/8 | - | €25,000 | +€25,000 | |
| Trade debts | 44 | €71,785 | €49,449 | -€22,336 | -31.1% |
| Suppliers | 440/4 | €71,785 | €49,449 | -€22,336 | -31.1% |
| Taxes, remuneration and social security | 45 | €23,930 | €22,269 | -€1,661 | -6.9% |
| Taxes | 450/3 | €23,930 | €22,269 | -€1,661 | -6.9% |
| Other amounts payable | 47/48 | €800 | €800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €544 | +€544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,808 | €21,701 | -€11,107 | -33.9% |
| Other operating charges | 640/8 | €5,702 | €2,300 | -€3,402 | -59.7% |
| Gross operating margin | 9900 | €120,208 | €119,895 | -€312 | -0.3% |
| Operating profit (loss) | 9901 | €81,698 | €95,894 | +€14,197 | +17.4% |
| Financial income | 75/76B | €573 | €302 | -€271 | -47.3% |
| Recurring financial income | 75 | €573 | €302 | -€271 | -47.3% |
| Financial charges | 65/66B | €11,269 | €10,382 | -€887 | -7.9% |
| Recurring financial charges | 65 | €11,269 | €10,382 | -€887 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €71,002 | €85,815 | +€14,813 | +20.9% |
| Income taxes | 67/77 | €20,161 | €23,606 | +€3,444 | +17.1% |
| Profit (loss) for the period | 9904 | €50,840 | €62,209 | +€11,369 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,840 | €62,209 | +€11,369 | +22.4% |
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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 4 November 2026 via checked.be.