M&O: 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&O
Largest movements
- Cash +€12,540
up €12,540 (+82.3%), from €15,241 to €27,781
mainly Net result for the year (+€12,428) and Tax, wage and social debts (+€5,716)
- Receivables within one year +€9,874
up €9,874 (+139%), from €7,095 to €16,969
of which Other amounts receivable: +€5,000
- Tangible fixed assets -€4,786
down €4,786 (-27.0%), from €17,738 to €12,952
- Profit (loss) carried forward +€12,428
up €12,428 (+53.9%), from €23,052 to €35,480
- Trade debts -€6,187
down €6,187 (-86.4%), from €7,161 to €974
- Tax, wage and social debts +€5,716
up €5,716 (+69.6%), from €8,210 to €13,926
of which Taxes: +€3,474
- Contributions +€5,000
new in 2025: €5,000
- Other debts +€672
up €672 (+40.8%), from €1,650 to €2,322
- Purchases and services +€28,481
up €28,481 (+57.6%), from €49,412 to €77,893
- Gross operating margin -€14,268
down €14,268 (-40.6%), from €35,126 to €20,858
- Turnover +€14,213
up €14,213 (+16.8%), from €84,538 to €98,751
- Taxes -€2,590
down €2,590 (-44.3%), from €5,846 to €3,256
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 | €40,073 | €57,702 | +€17,629 | +44.0% |
| Fixed assets | 21/28 | €17,738 | €12,952 | -€4,786 | -27.0% |
| Tangible fixed assets | 22/27 | €17,738 | €12,952 | -€4,786 | -27.0% |
| Furniture and vehicles | 24 | €17,738 | €12,952 | -€4,786 | -27.0% |
| Current assets | 29/58 | €22,336 | €44,750 | +€22,414 | +100% |
| Amounts receivable within one year | 40/41 | €7,095 | €16,969 | +€9,874 | +139% |
| Trade receivables | 40 | €7,095 | €11,969 | +€4,874 | +68.7% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €15,241 | €27,781 | +€12,540 | +82.3% |
| Total equity and liabilities | 10/49 | €40,073 | €57,702 | +€17,629 | +44.0% |
| Equity | 10/15 | €23,052 | €40,480 | +€17,428 | +75.6% |
| Contributions | 10/11 | - | €5,000 | +€5,000 | |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | €23,052 | €35,480 | +€12,428 | +53.9% |
| Amounts payable | 17/49 | €17,021 | €17,222 | +€201 | +1.2% |
| Amounts payable within one year | 42/48 | €17,021 | €17,222 | +€201 | +1.2% |
| Trade debts | 44 | €7,161 | €974 | -€6,187 | -86.4% |
| Suppliers | 440/4 | €7,161 | €974 | -€6,187 | -86.4% |
| Taxes, remuneration and social security | 45 | €8,210 | €13,926 | +€5,716 | +69.6% |
| Taxes | 450/3 | €6,363 | €9,837 | +€3,474 | +54.6% |
| Remuneration and social security | 454/9 | €1,847 | €4,089 | +€2,242 | +121% |
| Other amounts payable | 47/48 | €1,650 | €2,322 | +€672 | +40.8% |
| Turnover | 70 | €84,538 | €98,751 | +€14,213 | +16.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €49,412 | €77,893 | +€28,481 | +57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,521 | €4,786 | -€735 | -13.3% |
| Other operating charges | 640/8 | €657 | €343 | -€314 | -47.8% |
| Gross operating margin | 9900 | €35,126 | €20,858 | -€14,268 | -40.6% |
| Operating profit (loss) | 9901 | €28,949 | €15,729 | -€13,220 | -45.7% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -10.0% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €28,899 | €15,684 | -€13,215 | -45.7% |
| Income taxes | 67/77 | €5,846 | €3,256 | -€2,590 | -44.3% |
| Profit (loss) for the period | 9904 | €23,052 | €12,428 | -€10,624 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,052 | €12,428 | -€10,624 | -46.1% |
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 14 October 2026 via checked.be.