M & N Services: 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 Services
Largest movements
- Cash -€70,126
down €70,126 (-79.0%), from €88,782 to €18,656
mainly Trade debts (-€201,875) and Stocks and contracts (-€16,017)
- Receivables within one year -€48,219
down €48,219 (-24.0%), from €200,688 to €152,469
of which Trade receivables: -€139,509
- Stocks and contracts +€16,017
up €16,017 (+7.0%), from €227,198 to €243,215
- Trade debts -€201,875
down €201,875 (-52.2%), from €386,830 to €184,955
- Other debts +€69,671
up €69,671 (+106%), from €65,725 to €135,396
- Profit (loss) carried forward +€17,969
up €17,969 (+44.1%), from €40,786 to €58,756
- Tax, wage and social debts +€16,090
up €16,090 (+217%), from €7,418 to €23,509
of which Remuneration and social security: +€11,815
- Gross operating margin -€6,453
down €6,453 (-15.5%), from €41,762 to €35,309
- Financial charges +€3,844
up €3,844 (+244%), from €1,575 to €5,419
- Taxes +€1,461
up €1,461 (+20.9%), from €7,000 to €8,461
- Depreciation +€809
up €809 (+46.6%), from €1,735 to €2,543
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 | €519,360 | €421,216 | -€98,144 | -18.9% |
| Fixed assets | 21/28 | €2,691 | €6,876 | +€4,185 | +155% |
| Tangible fixed assets | 22/27 | €2,691 | €5,876 | +€3,185 | +118% |
| Plant, machinery and equipment | 23 | €2,691 | €4,391 | +€1,700 | +63.2% |
| Furniture and vehicles | 24 | - | €1,485 | +€1,485 | |
| Financial fixed assets | 28 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €516,669 | €414,340 | -€102,329 | -19.8% |
| Stocks and contracts in progress | 3 | €227,198 | €243,215 | +€16,017 | +7.0% |
| Stocks | 30/36 | €227,198 | €243,215 | +€16,017 | +7.0% |
| Amounts receivable within one year | 40/41 | €200,688 | €152,469 | -€48,219 | -24.0% |
| Trade receivables | 40 | €139,509 | - | -€139,509 | |
| Other amounts receivable | 41 | €61,179 | €152,469 | +€91,290 | +149% |
| Cash at bank and in hand | 54/58 | €88,782 | €18,656 | -€70,126 | -79.0% |
| Total equity and liabilities | 10/49 | €519,360 | €421,216 | -€98,144 | -18.9% |
| Equity | 10/15 | €59,386 | €77,356 | +€17,969 | +30.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,786 | €58,756 | +€17,969 | +44.1% |
| Amounts payable | 17/49 | €459,973 | €343,860 | -€116,114 | -25.2% |
| Amounts payable within one year | 42/48 | €459,973 | €343,860 | -€116,114 | -25.2% |
| Trade debts | 44 | €386,830 | €184,955 | -€201,875 | -52.2% |
| Suppliers | 440/4 | €386,830 | €184,955 | -€201,875 | -52.2% |
| Taxes, remuneration and social security | 45 | €7,418 | €23,509 | +€16,090 | +217% |
| Taxes | 450/3 | €7,418 | €11,694 | +€4,275 | +57.6% |
| Remuneration and social security | 454/9 | - | €11,815 | +€11,815 | |
| Other amounts payable | 47/48 | €65,725 | €135,396 | +€69,671 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,735 | €2,543 | +€809 | +46.6% |
| Other operating charges | 640/8 | €1,337 | €1,039 | -€298 | -22.3% |
| Gross operating margin | 9900 | €41,762 | €35,309 | -€6,453 | -15.5% |
| Operating profit (loss) | 9901 | €38,691 | €31,727 | -€6,964 | -18.0% |
| Financial income | 75/76B | €11 | €123 | +€112 | +979% |
| Recurring financial income | 75 | €11 | €123 | +€112 | +979% |
| Financial charges | 65/66B | €1,575 | €5,419 | +€3,844 | +244% |
| Recurring financial charges | 65 | €1,575 | €5,419 | +€3,844 | +244% |
| Profit (loss) for the period before taxes | 9903 | €37,128 | €26,431 | -€10,697 | -28.8% |
| Income taxes | 67/77 | €7,000 | €8,461 | +€1,461 | +20.9% |
| Profit (loss) for the period | 9904 | €30,128 | €17,969 | -€12,158 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,128 | €17,969 | -€12,158 | -40.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.