M-N EVENTS: 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 EVENTS
Largest movements
- Stocks and contracts -€2,150
down €2,150 (-26.1%), from €8,236 to €6,086
- Tangible fixed assets -€1,000
down €1,000 (-33.6%), from €2,975 to €1,975
of which Plant, machinery and equipment: -€504
- Deferred charges and accrued income -€717
down €717 (-72.5%), from €989 to €272
- Cash +€522
up €522 (+5.2%), from €10,099 to €10,622
mainly Net result for the year (+€3,062) and Stocks and contracts (+€2,150)
- Trade debts -€5,555
down €5,555 (-33.3%), from €16,677 to €11,122
- Profit (loss) carried forward +€3,062
up €3,062 (+49.9%), from -€6,142 to -€3,080
- Tax, wage and social debts -€701
down €701 (-9.7%), from €7,236 to €6,534
- Gross operating margin +€17,383
up €17,383, from -€11,323 to €6,060
- Other operating charges +€247
up €247 (+15.9%), from €1,550 to €1,796
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 | €38,230 | €35,036 | -€3,195 | -8.4% |
| Fixed assets | 21/28 | €5,375 | €4,375 | -€1,000 | -18.6% |
| Tangible fixed assets | 22/27 | €2,975 | €1,975 | -€1,000 | -33.6% |
| Plant, machinery and equipment | 23 | €1,548 | €1,044 | -€504 | -32.5% |
| Other tangible fixed assets | 26 | €1,426 | €931 | -€496 | -34.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €32,855 | €30,661 | -€2,195 | -6.7% |
| Stocks and contracts in progress | 3 | €8,236 | €6,086 | -€2,150 | -26.1% |
| Stocks | 30/36 | €8,236 | €6,086 | -€2,150 | -26.1% |
| Amounts receivable within one year | 40/41 | €13,531 | €13,681 | +€150 | +1.1% |
| Trade receivables | 40 | €8,080 | €8,716 | +€637 | +7.9% |
| Other amounts receivable | 41 | €5,451 | €4,965 | -€486 | -8.9% |
| Cash at bank and in hand | 54/58 | €10,099 | €10,622 | +€522 | +5.2% |
| Deferred charges and accrued income | 490/1 | €989 | €272 | -€717 | -72.5% |
| Total equity and liabilities | 10/49 | €38,230 | €35,036 | -€3,195 | -8.4% |
| Equity | 10/15 | €14,318 | €17,380 | +€3,062 | +21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | -€6,142 | -€3,080 | +€3,062 | +49.9% |
| Amounts payable | 17/49 | €23,913 | €17,656 | -€6,257 | -26.2% |
| Amounts payable within one year | 42/48 | €23,913 | €17,656 | -€6,257 | -26.2% |
| Trade debts | 44 | €16,677 | €11,122 | -€5,555 | -33.3% |
| Suppliers | 440/4 | €16,677 | €11,122 | -€5,555 | -33.3% |
| Taxes, remuneration and social security | 45 | €7,236 | €6,534 | -€701 | -9.7% |
| Taxes | 450/3 | €7,236 | €6,534 | -€701 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €898 | €1,000 | +€102 | +11.4% |
| Other operating charges | 640/8 | €1,550 | €1,796 | +€247 | +15.9% |
| Gross operating margin | 9900 | -€11,323 | €6,060 | +€17,383 | |
| Operating profit (loss) | 9901 | -€13,770 | €3,264 | +€17,034 | |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €181 | €202 | +€22 | +12.0% |
| Recurring financial charges | 65 | €181 | €202 | +€22 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,937 | €3,062 | +€16,999 | |
| Profit (loss) for the period | 9904 | -€13,937 | €3,062 | +€16,999 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,937 | €3,062 | +€16,999 |
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 28 October 2026 via checked.be.