M&M PROPERTIES: 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 PROPERTIES
Largest movements
- Tangible fixed assets -€58,617
down €58,617 (-5.4%), from €1.1m to €1.0m
- Receivables within one year -€25,900
no longer reported in 2024 (was €25,900)
- Cash -€13,334
down €13,334 (-49.3%), from €27,064 to €13,730
mainly Net result for the year (-€56,417) and Debts after one year (-€34,827)
- Profit (loss) carried forward -€56,417
down €56,417 (-673.3%), from -€8,379 to -€64,796
- Debts after one year -€34,827
down €34,827 (-4.1%), from €858,411 to €823,584
of which Financial debts: -€34,827
- Accrued charges and deferred income -€21,300
no longer reported in 2024 (was €21,300)
- Other debts +€15,100
up €15,100 (+6.4%), from €237,200 to €252,300
- Gross operating margin -€45,784
down €45,784 (-56.0%), from €81,702 to €35,918
- Financial charges +€18,648
up €18,648 (+159.3%), from €11,706 to €30,354
- Depreciation +€14,591
up €14,591 (+33.1%), from €44,025 to €58,617
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,155,402 | €1,057,550 | -€97,851 | -8.5% |
| Fixed assets | 21/28 | €1,102,437 | €1,043,821 | -€58,617 | -5.3% |
| Tangible fixed assets | 22/27 | €1,091,906 | €1,033,290 | -€58,617 | -5.4% |
| Land and buildings | 22 | €1,091,906 | €1,033,290 | -€58,617 | -5.4% |
| Financial fixed assets | 28 | €10,531 | €10,531 | = | 0.0% |
| Current assets | 29/58 | €52,964 | €13,730 | -€39,234 | -74.1% |
| Amounts receivable within one year | 40/41 | €25,900 | - | -€25,900 | |
| Other amounts receivable | 41 | €25,900 | - | -€25,900 | |
| Cash at bank and in hand | 54/58 | €27,064 | €13,730 | -€13,334 | -49.3% |
| Total equity and liabilities | 10/49 | €1,155,402 | €1,057,550 | -€97,851 | -8.5% |
| Equity | 10/15 | €1,621 | -€54,796 | -€56,417 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,379 | -€64,796 | -€56,417 | -673.3% |
| Amounts payable | 17/49 | €1,153,781 | €1,112,347 | -€41,434 | -3.6% |
| Amounts payable after more than one year | 17 | €858,411 | €823,584 | -€34,827 | -4.1% |
| Financial debts | 170/4 | €807,411 | €772,584 | -€34,827 | -4.3% |
| Other amounts payable | 178/9 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €274,070 | €288,763 | +€14,692 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €35,234 | €34,827 | -€408 | -1.2% |
| Trade debts | 44 | €1,636 | €1,636 | = | 0.0% |
| Suppliers | 440/4 | €1,636 | €1,636 | = | 0.0% |
| Other amounts payable | 47/48 | €237,200 | €252,300 | +€15,100 | +6.4% |
| Accrued charges and deferred income | 492/3 | €21,300 | - | -€21,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,025 | €58,617 | +€14,591 | +33.1% |
| Other operating charges | 640/8 | €3,335 | €3,365 | +€30 | +0.9% |
| Gross operating margin | 9900 | €81,702 | €35,918 | -€45,784 | -56.0% |
| Operating profit (loss) | 9901 | €34,341 | -€26,063 | -€60,405 | |
| Financial charges | 65/66B | €11,706 | €30,354 | +€18,648 | +159.3% |
| Recurring financial charges | 65 | €11,706 | €30,354 | +€18,648 | +159.3% |
| Profit (loss) for the period before taxes | 9903 | €22,636 | -€56,417 | -€79,053 | |
| Profit (loss) for the period | 9904 | €22,636 | -€56,417 | -€79,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,636 | -€56,417 | -€79,053 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.