M.M VALUE: 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 VALUE
Largest movements
- Cash +€6,933
new in 2025: €6,933
mainly Trade debts (+€2,102) and Net result for the year (+€1,534)
- Intangible fixed assets -€1,147
no longer reported in 2025 (was €1,147)
- Receivables within one year -€431
down €431 (-10.0%), from €4,325 to €3,894
of which Other amounts receivable: -€431
- Formation expenses -€182
no longer reported in 2025 (was €182)
- Trade debts +€2,102
up €2,102 (+43.7%), from €4,811 to €6,914
- Profit (loss) carried forward +€1,534
up €1,534 (+2.8%), from -€55,433 to -€53,900
- Other debts +€1,270
up €1,270 (+3.5%), from €35,968 to €37,238
- Tax, wage and social debts +€287
up €287 (+99.4%), from €288 to €575
- Gross operating margin +€5,099
up €5,099, from -€1,969 to €3,130
- Other operating charges +€75
up €75 (+150.0%), from €50 to €125
- Depreciation +€67
up €67 (+5.3%), from €1,262 to €1,329
- Financial charges -€33
down €33 (-18.9%), from €176 to €143
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.
Cash bridge derived
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 | €5,654 | €10,827 | +€5,173 | +91.5% |
| Formation expenses | 20 | €182 | - | -€182 | |
| Fixed assets | 21/28 | €1,147 | - | -€1,147 | |
| Intangible fixed assets | 21 | €1,147 | - | -€1,147 | |
| Current assets | 29/58 | €4,325 | €10,827 | +€6,502 | +150.3% |
| Amounts receivable within one year | 40/41 | €4,325 | €3,894 | -€431 | -10.0% |
| Trade receivables | 40 | €3,894 | €3,894 | = | 0.0% |
| Other amounts receivable | 41 | €431 | - | -€431 | |
| Cash at bank and in hand | 54/58 | - | €6,933 | +€6,933 | |
| Total equity and liabilities | 10/49 | €5,654 | €10,827 | +€5,173 | +91.5% |
| Equity | 10/15 | -€35,433 | -€33,900 | +€1,534 | +4.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,433 | -€53,900 | +€1,534 | +2.8% |
| Amounts payable | 17/49 | €41,087 | €44,727 | +€3,640 | +8.9% |
| Amounts payable within one year | 42/48 | €41,087 | €44,727 | +€3,640 | +8.9% |
| Financial debts | 43 | €19 | - | -€19 | |
| Credit institutions | 430/8 | €19 | - | -€19 | |
| Trade debts | 44 | €4,811 | €6,914 | +€2,102 | +43.7% |
| Suppliers | 440/4 | €4,811 | €6,914 | +€2,102 | +43.7% |
| Taxes, remuneration and social security | 45 | €288 | €575 | +€287 | +99.4% |
| Taxes | 450/3 | €288 | €575 | +€287 | +99.4% |
| Other amounts payable | 47/48 | €35,968 | €37,238 | +€1,270 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,262 | €1,329 | +€67 | +5.3% |
| Other operating charges | 640/8 | €50 | €125 | +€75 | +150.0% |
| Gross operating margin | 9900 | -€1,969 | €3,130 | +€5,099 | |
| Operating profit (loss) | 9901 | -€3,282 | €1,676 | +€4,958 | |
| Financial charges | 65/66B | €176 | €143 | -€33 | -18.9% |
| Recurring financial charges | 65 | €176 | €143 | -€33 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,457 | €1,534 | +€4,991 | |
| Profit (loss) for the period | 9904 | -€3,457 | €1,534 | +€4,991 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,457 | €1,534 | +€4,991 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.