M & M TRADING: 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 TRADING
Largest movements
- Receivables within one year -€37,537
down €37,537 (-76.5%), from €49,063 to €11,526
of which Other amounts receivable: -€23,488
- Stocks and contracts +€14,756
up €14,756 (+1.3%), from €1.1m to €1.1m
- Trade debts -€110,835
down €110,835 (-95.0%), from €116,693 to €5,858
- Reserves +€74,253
up €74,253 (+61.1%), from €121,617 to €195,869
of which Distributable reserves: +€74,253
- Other debts -€30,521
down €30,521 (-3.2%), from €947,578 to €917,058
- Debts after one year +€24,551
new in 2025: €24,551
- Tax, wage and social debts +€20,099
new in 2025: €20,099
- Gross operating margin +€49,767
up €49,767 (+214%), from €23,301 to €73,068
- Taxes +€6,694
new in 2025: €6,694
- Other operating charges +€993
up €993 (+421%), from €236 to €1,229
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 | €1,201,669 | €1,170,435 | -€31,234 | -2.6% |
| Fixed assets | 21/28 | €21,335 | €12,903 | -€8,432 | -39.5% |
| Tangible fixed assets | 22/27 | €21,335 | €12,903 | -€8,432 | -39.5% |
| Plant, machinery and equipment | 23 | €2,489 | €1,592 | -€897 | -36.0% |
| Furniture and vehicles | 24 | €18,846 | €11,311 | -€7,536 | -40.0% |
| Current assets | 29/58 | €1,180,334 | €1,157,532 | -€22,802 | -1.9% |
| Stocks and contracts in progress | 3 | €1,131,250 | €1,146,006 | +€14,756 | +1.3% |
| Stocks | 30/36 | €1,131,250 | €1,146,006 | +€14,756 | +1.3% |
| Amounts receivable within one year | 40/41 | €49,063 | €11,526 | -€37,537 | -76.5% |
| Trade receivables | 40 | €25,575 | €11,526 | -€14,049 | -54.9% |
| Other amounts receivable | 41 | €23,488 | - | -€23,488 | |
| Cash at bank and in hand | 54/58 | €21 | - | -€21 | |
| Total equity and liabilities | 10/49 | €1,201,669 | €1,170,435 | -€31,234 | -2.6% |
| Equity | 10/15 | €128,617 | €202,869 | +€74,253 | +57.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €7,000 | +€7,000 | |
| Share premium | 1100/10 | - | €7,000 | +€7,000 | |
| Reserves | 13 | €121,617 | €195,869 | +€74,253 | +61.1% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Distributable reserves | 133 | €120,617 | €194,869 | +€74,253 | +61.6% |
| Amounts payable | 17/49 | €1,073,053 | €967,566 | -€105,487 | -9.8% |
| Amounts payable after more than one year | 17 | - | €24,551 | +€24,551 | |
| Financial debts | 170/4 | - | €24,551 | +€24,551 | |
| Amounts payable within one year | 42/48 | €1,073,053 | €943,015 | -€130,038 | -12.1% |
| Financial debts | 43 | €8,782 | - | -€8,782 | |
| Credit institutions | 430/8 | €8,782 | - | -€8,782 | |
| Trade debts | 44 | €116,693 | €5,858 | -€110,835 | -95.0% |
| Suppliers | 440/4 | €116,693 | €5,858 | -€110,835 | -95.0% |
| Taxes, remuneration and social security | 45 | - | €20,099 | +€20,099 | |
| Taxes | 450/3 | - | €20,099 | +€20,099 | |
| Other amounts payable | 47/48 | €947,578 | €917,058 | -€30,521 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,365 | €8,432 | +€68 | +0.8% |
| Other operating charges | 640/8 | €236 | €1,229 | +€993 | +421% |
| Gross operating margin | 9900 | €23,301 | €73,068 | +€49,767 | +214% |
| Operating profit (loss) | 9901 | €14,700 | €63,406 | +€48,706 | +331% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €2,012 | €2,481 | +€469 | +23.3% |
| Recurring financial charges | 65 | €2,012 | €2,481 | +€469 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €12,688 | €60,946 | +€48,258 | +380% |
| Income taxes | 67/77 | - | €6,694 | +€6,694 | |
| Profit (loss) for the period | 9904 | €12,688 | €54,253 | +€41,564 | +328% |
| Profit (loss) for the period to be appropriated | 9905 | €12,688 | €54,253 | +€41,564 | +328% |
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 16 October 2026 via checked.be.