M & M Tech: 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 Tech
Largest movements
- Cash +€20,363
up €20,363 (+8,726%), from €233 to €20,596
mainly Other debts (+€26,453) and Advances received (+€7,593)
- Receivables within one year +€6,106
up €6,106 (+315%), from €1,939 to €8,045
of which Trade receivables: +€5,792
- Tangible fixed assets -€2,798
down €2,798 (-63.8%), from €4,385 to €1,587
- Stocks and contracts +€1,000
up €1,000, from €0 to €1,000
- Other debts +€26,453
new in 2025: €26,453
- Advances received +€7,593
up €7,593, from €0 to €7,593
- Profit (loss) carried forward -€3,788
down €3,788 (-9.8%), from -€38,534 to -€42,322
- Trade debts -€3,388
down €3,388 (-72.6%), from €4,667 to €1,279
- Tax, wage and social debts -€2,198
down €2,198 (-15.4%), from €14,241 to €12,043
- Gross operating margin +€10,465
up €10,465, from -€8,544 to €1,921
- Depreciation -€750
down €750 (-21.1%), from €3,548 to €2,798
- Financial charges -€728
down €728 (-25.2%), from €2,891 to €2,164
- Other operating charges +€364
up €364 (+162%), from €225 to €589
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 | €6,557 | €31,229 | +€24,672 | +376% |
| Fixed assets | 21/28 | €4,385 | €1,587 | -€2,798 | -63.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,385 | €1,587 | -€2,798 | -63.8% |
| Furniture and vehicles | 24 | €4,385 | €1,587 | -€2,798 | -63.8% |
| Current assets | 29/58 | €2,172 | €29,642 | +€27,470 | +1,265% |
| Stocks and contracts in progress | 3 | €0 | €1,000 | +€1,000 | |
| Stocks | 30/36 | €0 | €1,000 | +€1,000 | |
| Amounts receivable within one year | 40/41 | €1,939 | €8,045 | +€6,106 | +315% |
| Trade receivables | 40 | €483 | €6,275 | +€5,792 | +1,199% |
| Other amounts receivable | 41 | €1,456 | €1,770 | +€315 | +21.6% |
| Cash at bank and in hand | 54/58 | €233 | €20,596 | +€20,363 | +8,726% |
| Total equity and liabilities | 10/49 | €6,557 | €31,229 | +€24,672 | +376% |
| Equity | 10/15 | -€32,334 | -€36,122 | -€3,788 | -11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,534 | -€42,322 | -€3,788 | -9.8% |
| Amounts payable | 17/49 | €38,891 | €67,350 | +€28,459 | +73.2% |
| Amounts payable within one year | 42/48 | €38,891 | €67,350 | +€28,459 | +73.2% |
| Financial debts | 43 | €19,983 | €19,983 | = | 0.0% |
| Credit institutions | 430/8 | €19,983 | €19,983 | = | 0.0% |
| Trade debts | 44 | €4,667 | €1,279 | -€3,388 | -72.6% |
| Suppliers | 440/4 | €4,667 | €1,279 | -€3,388 | -72.6% |
| Advances received on contracts in progress | 46 | €0 | €7,593 | +€7,593 | |
| Taxes, remuneration and social security | 45 | €14,241 | €12,043 | -€2,198 | -15.4% |
| Taxes | 450/3 | €14,241 | €12,043 | -€2,198 | -15.4% |
| Other amounts payable | 47/48 | - | €26,453 | +€26,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,548 | €2,798 | -€750 | -21.1% |
| Other operating charges | 640/8 | €225 | €589 | +€364 | +162% |
| Non-recurring operating charges | 66A | €1,851 | €0 | -€1,851 | -100% |
| Gross operating margin | 9900 | -€8,544 | €1,921 | +€10,465 | |
| Operating profit (loss) | 9901 | -€14,168 | -€1,466 | +€12,702 | +89.7% |
| Financial charges | 65/66B | €2,891 | €2,164 | -€728 | -25.2% |
| Recurring financial charges | 65 | €2,891 | €2,164 | -€728 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€17,059 | -€3,630 | +€13,430 | +78.7% |
| Income taxes | 67/77 | €161 | €158 | -€3 | -2.1% |
| Profit (loss) for the period | 9904 | -€17,221 | -€3,788 | +€13,433 | +78.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,221 | -€3,788 | +€13,433 | +78.0% |
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 13 October 2026 via checked.be.