M&N DRIVE: 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 DRIVE
Largest movements
- Cash +€16,079
up €16,079 (+5,990%), from €268 to €16,348
mainly Other debts (+€17,333) and Advances received (+€6,276)
- Tangible fixed assets +€3,423
new in 2025: €3,423
- Other debts +€17,333
new in 2025: €17,333
- Profit (loss) carried forward -€8,912
down €8,912 (-1,372%), from -€650 to -€9,561
- Advances received +€6,276
new in 2025: €6,276
- Trade debts +€5,000
new in 2025: €5,000
- Gross operating margin -€7,385
down €7,385 (-1,239%), from -€596 to -€7,981
- Depreciation +€709
new in 2025: €709
- Purchases and services -€596
no longer reported in 2025 (was €596)
- Other operating charges +€166
new in 2025: €166
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 | €850 | €20,547 | +€19,697 | +2,317% |
| Fixed assets | 21/28 | - | €3,423 | +€3,423 | |
| Tangible fixed assets | 22/27 | - | €3,423 | +€3,423 | |
| Furniture and vehicles | 24 | - | €3,423 | +€3,423 | |
| Current assets | 29/58 | €850 | €17,124 | +€16,274 | +1,914% |
| Amounts receivable within one year | 40/41 | €582 | €776 | +€195 | +33.4% |
| Trade receivables | 40 | - | €429 | +€429 | |
| Other amounts receivable | 41 | €582 | €347 | -€235 | -40.3% |
| Cash at bank and in hand | 54/58 | €268 | €16,348 | +€16,079 | +5,990% |
| Total equity and liabilities | 10/49 | €850 | €20,547 | +€19,697 | +2,317% |
| Equity | 10/15 | €850 | -€8,061 | -€8,912 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€650 | -€9,561 | -€8,912 | -1,372% |
| Amounts payable | 17/49 | - | €28,608 | +€28,608 | |
| Amounts payable within one year | 42/48 | - | €28,608 | +€28,608 | |
| Trade debts | 44 | - | €5,000 | +€5,000 | |
| Suppliers | 440/4 | - | €5,000 | +€5,000 | |
| Advances received on contracts in progress | 46 | - | €6,276 | +€6,276 | |
| Other amounts payable | 47/48 | - | €17,333 | +€17,333 | |
| Goods, raw materials, services and sundry goods | 60/61 | €596 | - | -€596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €709 | +€709 | |
| Other operating charges | 640/8 | - | €166 | +€166 | |
| Gross operating margin | 9900 | -€596 | -€7,981 | -€7,385 | -1,239% |
| Operating profit (loss) | 9901 | -€596 | -€8,857 | -€8,261 | -1,386% |
| Financial charges | 65/66B | €46 | €55 | +€8 | +18.1% |
| Recurring financial charges | 65 | €46 | €55 | +€8 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€642 | -€8,912 | -€8,269 | -1,288% |
| Profit (loss) for the period | 9904 | -€642 | -€8,912 | -€8,269 | -1,288% |
| Profit (loss) for the period to be appropriated | 9905 | -€642 | -€8,912 | -€8,269 | -1,288% |
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 19 October 2026 via checked.be.