M&N STORE: 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 STORE
Largest movements
- Tangible fixed assets -€636,800
down €636,800 (-100.0%), from €636,800 to €0
- Stocks and contracts +€636,800
new in 2025: €636,800
- Receivables within one year -€53,269
down €53,269 (-99.7%), from €53,428 to €159
of which Other amounts receivable: -€52,564
- Cash +€8,966
up €8,966 (+951.8%), from €942 to €9,908
- Short-term financial debts +€380,000
new in 2025: €380,000
- Debts after one year -€333,372
down €333,372 (-100.0%), from €333,372 to €0
- Current portion of long-term debt -€47,983
down €47,983 (-100.0%), from €47,983 to €0
- Profit (loss) carried forward -€42,774
down €42,774 (-16.7%), from €256,261 to €213,487
- Other debts +€21,339
up €21,339 (+3228.3%), from €661 to €22,000
- Gross operating margin -€33,098
down €33,098 (-73.9%), from €44,794 to €11,696
- Depreciation -€19,200
down €19,200 (-100.0%), from €19,200 to €0
- Financial charges +€12,194
up €12,194 (+115.8%), from €10,527 to €22,721
- Other operating charges +€10,960
up €10,960 (+50.5%), from €21,691 to €32,651
- Financial income -€1,144
down €1,144 (-55.9%), from €2,046 to €902
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,208 | €646,867 | -€44,341 | -6.4% |
| Fixed assets | 21/28 | €636,800 | €0 | -€636,800 | -100.0% |
| Tangible fixed assets | 22/27 | €636,800 | €0 | -€636,800 | -100.0% |
| Land and buildings | 22 | €636,800 | €0 | -€636,800 | -100.0% |
| Current assets | 29/58 | €54,408 | €646,867 | +€592,459 | +1088.9% |
| Stocks and contracts in progress | 3 | - | €636,800 | +€636,800 | |
| Stocks | 30/36 | - | €636,800 | +€636,800 | |
| Amounts receivable within one year | 40/41 | €53,428 | €159 | -€53,269 | -99.7% |
| Trade receivables | 40 | €705 | €0 | -€705 | -100.0% |
| Other amounts receivable | 41 | €52,723 | €159 | -€52,564 | -99.7% |
| Cash at bank and in hand | 54/58 | €942 | €9,908 | +€8,966 | +951.8% |
| Deferred charges and accrued income | 490/1 | €38 | €0 | -€38 | -100.0% |
| Total equity and liabilities | 10/49 | €691,208 | €646,867 | -€44,341 | -6.4% |
| Equity | 10/15 | €286,261 | €243,487 | -€42,774 | -14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €256,261 | €213,487 | -€42,774 | -16.7% |
| Amounts payable | 17/49 | €404,947 | €403,381 | -€1,566 | -0.4% |
| Amounts payable after more than one year | 17 | €333,372 | €0 | -€333,372 | -100.0% |
| Financial debts | 170/4 | €333,372 | €0 | -€333,372 | -100.0% |
| Amounts payable within one year | 42/48 | €58,528 | €402,118 | +€343,590 | +587.1% |
| Current portion of amounts payable after more than one year | 42 | €47,983 | €0 | -€47,983 | -100.0% |
| Financial debts | 43 | - | €380,000 | +€380,000 | |
| Credit institutions | 430/8 | - | €380,000 | +€380,000 | |
| Trade debts | 44 | €3,269 | €118 | -€3,151 | -96.4% |
| Suppliers | 440/4 | €3,269 | €118 | -€3,151 | -96.4% |
| Taxes, remuneration and social security | 45 | €6,615 | €0 | -€6,615 | -100.0% |
| Taxes | 450/3 | €6,615 | €0 | -€6,615 | -100.0% |
| Other amounts payable | 47/48 | €661 | €22,000 | +€21,339 | +3228.3% |
| Accrued charges and deferred income | 492/3 | €13,047 | €1,263 | -€11,784 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,200 | €0 | -€19,200 | -100.0% |
| Other operating charges | 640/8 | €21,691 | €32,651 | +€10,960 | +50.5% |
| Non-recurring operating charges | 66A | €475 | €0 | -€475 | -100.0% |
| Gross operating margin | 9900 | €44,794 | €11,696 | -€33,098 | -73.9% |
| Operating profit (loss) | 9901 | €3,428 | -€20,955 | -€24,383 | |
| Financial income | 75/76B | €2,046 | €902 | -€1,144 | -55.9% |
| Recurring financial income | 75 | €2,046 | €902 | -€1,144 | -55.9% |
| Financial charges | 65/66B | €10,527 | €22,721 | +€12,194 | +115.8% |
| Recurring financial charges | 65 | €10,527 | €22,721 | +€12,194 | +115.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,053 | -€42,774 | -€37,721 | -746.5% |
| Profit (loss) for the period | 9904 | -€5,053 | -€42,774 | -€37,721 | -746.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,053 | -€42,774 | -€37,721 | -746.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 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.