M&M2: 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&M2
Largest movements
- Receivables within one year -€7,208
no longer reported in 2025 (was €7,208)
of which Other amounts receivable: -€5,722
- Cash +€208
up €208 (+2077500.0%), from €0 to €208
mainly Net result for the year (+€69,817) and Receivables within one year (+€7,208)
- Deferred charges and accrued income -€84
no longer reported in 2025 (was €84)
- Other debts -€76,444
no longer reported in 2025 (was €76,444)
- Profit (loss) carried forward +€69,817
up €69,817 (+77.6%), from -€89,988 to -€20,171
- Trade debts -€457
down €457 (-20.4%), from €2,235 to €1,779
- Gross operating margin +€75,718
up €75,718, from -€163 to €75,555
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 | €7,292 | €208 | -€7,084 | -97.2% |
| Current assets | 29/58 | €7,292 | €208 | -€7,084 | -97.2% |
| Amounts receivable within one year | 40/41 | €7,208 | - | -€7,208 | |
| Trade receivables | 40 | €1,486 | - | -€1,486 | |
| Other amounts receivable | 41 | €5,722 | - | -€5,722 | |
| Cash at bank and in hand | 54/58 | €0 | €208 | +€208 | +2077500.0% |
| Deferred charges and accrued income | 490/1 | €84 | - | -€84 | |
| Total equity and liabilities | 10/49 | €7,292 | €208 | -€7,084 | -97.2% |
| Equity | 10/15 | -€71,388 | -€1,571 | +€69,817 | +97.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,988 | -€20,171 | +€69,817 | +77.6% |
| Amounts payable | 17/49 | €78,679 | €1,779 | -€76,901 | -97.7% |
| Amounts payable within one year | 42/48 | €78,679 | €1,779 | -€76,901 | -97.7% |
| Trade debts | 44 | €2,235 | €1,779 | -€457 | -20.4% |
| Suppliers | 440/4 | €2,235 | €1,779 | -€457 | -20.4% |
| Other amounts payable | 47/48 | €76,444 | - | -€76,444 | |
| Non-recurring operating income | 76A | - | €78,214 | +€78,214 | |
| Other operating charges | 640/8 | €244 | €398 | +€154 | +63.2% |
| Non-recurring operating charges | 66A | - | €5,321 | +€5,321 | |
| Gross operating margin | 9900 | -€163 | €75,555 | +€75,718 | |
| Operating profit (loss) | 9901 | -€407 | €69,836 | +€70,243 | |
| Financial charges | 65/66B | €105 | €20 | -€85 | -81.3% |
| Recurring financial charges | 65 | €105 | €20 | -€85 | -81.3% |
| Profit (loss) for the period before taxes | 9903 | -€512 | €69,817 | +€70,328 | |
| Profit (loss) for the period | 9904 | -€512 | €69,817 | +€70,328 | |
| Profit (loss) for the period to be appropriated | 9905 | -€512 | €69,817 | +€70,328 |
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 9 October 2026 via checked.be.