m.n.do: 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.n.do
Largest movements
- Receivables after one year -€32,500
down €32,500 (-81.3%), from €40,000 to €7,500
- Financial fixed assets +€24,000
up €24,000 (+74.9%), from €32,035 to €56,035
- Tangible fixed assets -€19,349
down €19,349 (-7.7%), from €250,439 to €231,090
of which Leasing and similar rights: -€19,498
- Cash +€11,887
up €11,887 (+74.4%), from €15,967 to €27,853
mainly Net result for the year (+€45,911) and Receivables after one year (+€32,500)
- Debts after one year -€24,418
down €24,418 (-12.9%), from €188,760 to €164,342
of which Financial debts: -€24,418
- Accrued charges and deferred income +€15,213
new in 2025: €15,213
- Trade debts -€10,734
down €10,734 (-60.8%), from €17,645 to €6,911
- Short-term financial debts +€6,110
up €6,110 (+401%), from €1,524 to €7,634
- Other debts -€5,634
down €5,634 (-5.5%), from €101,797 to €96,163
- Gross operating margin +€29,673
up €29,673 (+46.8%), from €63,360 to €93,033
- Taxes +€10,568
up €10,568 (+120%), from €8,789 to €19,357
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 | €371,387 | €354,892 | -€16,495 | -4.4% |
| Fixed assets | 21/28 | €282,475 | €287,125 | +€4,651 | +1.6% |
| Tangible fixed assets | 22/27 | €250,439 | €231,090 | -€19,349 | -7.7% |
| Land and buildings | 22 | €140 | €0 | -€140 | -100% |
| Plant, machinery and equipment | 23 | €536 | €536 | = | 0.0% |
| Furniture and vehicles | 24 | €287 | €574 | +€288 | +100% |
| Leasing and similar rights | 25 | €249,477 | €229,979 | -€19,498 | -7.8% |
| Financial fixed assets | 28 | €32,035 | €56,035 | +€24,000 | +74.9% |
| Current assets | 29/58 | €88,913 | €67,767 | -€21,146 | -23.8% |
| Amounts receivable after more than one year | 29 | €40,000 | €7,500 | -€32,500 | -81.3% |
| Trade receivables | 290 | €40,000 | €7,500 | -€32,500 | -81.3% |
| Amounts receivable within one year | 40/41 | €32,125 | €30,426 | -€1,699 | -5.3% |
| Trade receivables | 40 | €25,410 | €0 | -€25,410 | -100% |
| Other amounts receivable | 41 | €6,715 | €30,426 | +€23,711 | +353% |
| Cash at bank and in hand | 54/58 | €15,967 | €27,853 | +€11,887 | +74.4% |
| Deferred charges and accrued income | 490/1 | €821 | €1,988 | +€1,167 | +142% |
| Total equity and liabilities | 10/49 | €371,387 | €354,892 | -€16,495 | -4.4% |
| Equity | 10/15 | €19,345 | €19,345 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €745 | €745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €745 | €0 | -€745 | -100% |
| Reserves not available under the articles | 1311 | €745 | €0 | -€745 | -100% |
| Distributable reserves | 133 | €0 | €745 | +€745 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €352,042 | €335,547 | -€16,495 | -4.7% |
| Amounts payable after more than one year | 17 | €188,760 | €164,342 | -€24,418 | -12.9% |
| Financial debts | 170/4 | €172,760 | €148,342 | -€24,418 | -14.1% |
| Other amounts payable | 178/9 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €163,282 | €155,992 | -€7,290 | -4.5% |
| Current portion of amounts payable after more than one year | 42 | €22,637 | €24,418 | +€1,781 | +7.9% |
| Financial debts | 43 | €1,524 | €7,634 | +€6,110 | +401% |
| Credit institutions | 430/8 | €1,524 | €7,634 | +€6,110 | +401% |
| Trade debts | 44 | €17,645 | €6,911 | -€10,734 | -60.8% |
| Suppliers | 440/4 | €17,645 | €6,911 | -€10,734 | -60.8% |
| Taxes, remuneration and social security | 45 | €19,679 | €20,867 | +€1,187 | +6.0% |
| Taxes | 450/3 | €17,095 | €18,557 | +€1,461 | +8.5% |
| Remuneration and social security | 454/9 | €2,584 | €2,310 | -€274 | -10.6% |
| Other amounts payable | 47/48 | €101,797 | €96,163 | -€5,634 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €15,213 | +€15,213 | |
| Non-recurring operating income | 76A | €1,542 | €0 | -€1,542 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,190 | €20,498 | -€691 | -3.3% |
| Other operating charges | 640/8 | €3,285 | €3,026 | -€258 | -7.9% |
| Gross operating margin | 9900 | €63,360 | €93,033 | +€29,673 | +46.8% |
| Operating profit (loss) | 9901 | €38,885 | €69,509 | +€30,623 | +78.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,843 | €4,240 | -€603 | -12.5% |
| Recurring financial charges | 65 | €4,843 | €4,240 | -€603 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €34,042 | €65,268 | +€31,226 | +91.7% |
| Income taxes | 67/77 | €8,789 | €19,357 | +€10,568 | +120% |
| Profit (loss) for the period | 9904 | €25,253 | €45,911 | +€20,658 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €25,253 | €45,911 | +€20,658 | +81.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.