M.M.S.: 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.S.
Largest movements
- Tangible fixed assets +€3,964
up €3,964 (+2.0%), from €197,388 to €201,352
- Reserves +€4,028
up €4,028 (+4.8%), from €84,661 to €88,689
of which Distributable reserves: +€7,998
- Tax, wage and social debts +€3,258
up €3,258 (+179%), from €1,825 to €5,083
- Other debts -€2,805
down €2,805 (-16.8%), from €16,709 to €13,904
- Gross operating margin -€7,537
down €7,537 (-29.1%), from €25,907 to €18,370
- Taxes +€1,430
up €1,430 (+78.2%), from €1,828 to €3,258
- Financial charges -€360
down €360 (-55.1%), from €655 to €294
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 | €202,315 | €204,752 | +€2,436 | +1.2% |
| Fixed assets | 21/28 | €197,388 | €201,352 | +€3,964 | +2.0% |
| Tangible fixed assets | 22/27 | €197,388 | €201,352 | +€3,964 | +2.0% |
| Land and buildings | 22 | €197,388 | €201,352 | +€3,964 | +2.0% |
| Current assets | 29/58 | €4,928 | €3,400 | -€1,528 | -31.0% |
| Amounts receivable within one year | 40/41 | €525 | - | -€525 | |
| Other amounts receivable | 41 | €525 | - | -€525 | |
| Cash at bank and in hand | 54/58 | €4,402 | €3,400 | -€1,002 | -22.8% |
| Total equity and liabilities | 10/49 | €202,315 | €204,752 | +€2,436 | +1.2% |
| Equity | 10/15 | €158,065 | €162,092 | +€4,028 | +2.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €84,661 | €88,689 | +€4,028 | +4.8% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,909 | €45,939 | -€3,970 | -8.0% |
| Distributable reserves | 133 | €30,753 | €38,750 | +€7,998 | +26.0% |
| Profit (loss) carried forward | 14 | €33,403 | €33,403 | = | 0.0% |
| Provisions and deferred taxes | 16 | €25,699 | €23,655 | -€2,044 | -8.0% |
| Deferred taxes | 168 | €25,699 | €23,655 | -€2,044 | -8.0% |
| Amounts payable | 17/49 | €18,551 | €19,004 | +€453 | +2.4% |
| Amounts payable within one year | 42/48 | €18,534 | €18,987 | +€453 | +2.4% |
| Taxes, remuneration and social security | 45 | €1,825 | €5,083 | +€3,258 | +179% |
| Taxes | 450/3 | €1,825 | €5,083 | +€3,258 | +179% |
| Other amounts payable | 47/48 | €16,709 | €13,904 | -€2,805 | -16.8% |
| Accrued charges and deferred income | 492/3 | €17 | €17 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,629 | €10,637 | +€8 | +0.1% |
| Other operating charges | 640/8 | €2,058 | €2,198 | +€140 | +6.8% |
| Gross operating margin | 9900 | €25,907 | €18,370 | -€7,537 | -29.1% |
| Operating profit (loss) | 9901 | €13,221 | €5,536 | -€7,685 | -58.1% |
| Financial charges | 65/66B | €655 | €294 | -€360 | -55.1% |
| Recurring financial charges | 65 | €655 | €294 | -€360 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €12,566 | €5,241 | -€7,325 | -58.3% |
| Transfer from deferred taxes | 780 | €2,044 | €2,044 | = | 0.0% |
| Income taxes | 67/77 | €1,828 | €3,258 | +€1,430 | +78.2% |
| Profit (loss) for the period | 9904 | €12,783 | €4,028 | -€8,755 | -68.5% |
| Transfer from tax-exempt reserves | 789 | €3,970 | €3,970 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,753 | €7,998 | -€8,755 | -52.3% |
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 15 October 2026 via checked.be.