M & M TELESERVICES: 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 TELESERVICES
Largest movements
- Receivables within one year -€4,534
down €4,534 (-71.5%), from €6,342 to €1,808
of which Trade receivables: -€4,512
- Cash -€3,512
down €3,512 (-71.3%), from €4,924 to €1,412
mainly Net result for the year (-€4,071) and Other debts (-€1,700)
- Tangible fixed assets -€918
down €918 (-19.9%), from €4,613 to €3,695
of which Land and buildings: -€760
- Deferred charges and accrued income +€442
up €442 (+26.8%), from €1,651 to €2,093
- Profit (loss) carried forward -€4,071
down €4,071 (-10.6%), from -€38,398 to -€42,469
- Other debts -€1,700
down €1,700 (-3.8%), from €44,317 to €42,617
- Current portion of long-term debt -€1,085
down €1,085 (-52.0%), from €2,085 to €1,000
- Debts after one year -€1,000
down €1,000 (-27.2%), from €3,677 to €2,677
- Trade debts -€494
down €494 (-13.0%), from €3,806 to €3,312
- Gross operating margin -€5,095
down €5,095 (-15.0%), from €33,994 to €28,898
- Staff costs -€665
down €665 (-2.1%), from €31,657 to €30,992
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 | €37,762 | €29,374 | -€8,388 | -22.2% |
| Fixed assets | 21/28 | €4,613 | €3,795 | -€818 | -17.7% |
| Tangible fixed assets | 22/27 | €4,613 | €3,695 | -€918 | -19.9% |
| Land and buildings | 22 | €4,455 | €3,695 | -€760 | -17.1% |
| Furniture and vehicles | 24 | €158 | - | -€158 | |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €33,149 | €25,579 | -€7,570 | -22.8% |
| Amounts receivable within one year | 40/41 | €6,342 | €1,808 | -€4,534 | -71.5% |
| Trade receivables | 40 | €6,205 | €1,693 | -€4,512 | -72.7% |
| Other amounts receivable | 41 | €137 | €115 | -€22 | -16.2% |
| Current investments | 50/53 | €20,231 | €20,265 | +€33 | +0.2% |
| Cash at bank and in hand | 54/58 | €4,924 | €1,412 | -€3,512 | -71.3% |
| Deferred charges and accrued income | 490/1 | €1,651 | €2,093 | +€442 | +26.8% |
| Total equity and liabilities | 10/49 | €37,762 | €29,374 | -€8,388 | -22.2% |
| Equity | 10/15 | -€19,798 | -€23,869 | -€4,071 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,398 | -€42,469 | -€4,071 | -10.6% |
| Amounts payable | 17/49 | €57,560 | €53,243 | -€4,317 | -7.5% |
| Amounts payable after more than one year | 17 | €3,677 | €2,677 | -€1,000 | -27.2% |
| Financial debts | 170/4 | €3,677 | €2,677 | -€1,000 | -27.2% |
| Amounts payable within one year | 42/48 | €53,883 | €50,565 | -€3,317 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €2,085 | €1,000 | -€1,085 | -52.0% |
| Trade debts | 44 | €3,806 | €3,312 | -€494 | -13.0% |
| Suppliers | 440/4 | €3,806 | €3,312 | -€494 | -13.0% |
| Taxes, remuneration and social security | 45 | €3,675 | €3,636 | -€39 | -1.1% |
| Taxes | 450/3 | €1,377 | €1,055 | -€321 | -23.3% |
| Remuneration and social security | 454/9 | €2,298 | €2,581 | +€283 | +12.3% |
| Other amounts payable | 47/48 | €44,317 | €42,617 | -€1,700 | -3.8% |
| Remuneration, social security and pensions | 62 | €31,657 | €30,992 | -€665 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €962 | €918 | -€44 | -4.5% |
| Other operating charges | 640/8 | €576 | €528 | -€49 | -8.5% |
| Gross operating margin | 9900 | €33,994 | €28,898 | -€5,095 | -15.0% |
| Operating profit (loss) | 9901 | €799 | -€3,540 | -€4,338 | |
| Financial income | 75/76B | €335 | €57 | -€278 | -83.0% |
| Recurring financial income | 75 | €335 | €57 | -€278 | -83.0% |
| Financial charges | 65/66B | €889 | €588 | -€301 | -33.9% |
| Recurring financial charges | 65 | €889 | €588 | -€301 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €244 | -€4,071 | -€4,314 | |
| Profit (loss) for the period | 9904 | €244 | -€4,071 | -€4,314 | |
| Profit (loss) for the period to be appropriated | 9905 | €244 | -€4,071 | -€4,314 |
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 31 October 2026 via checked.be.