M&O Group: 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 Group
Largest movements
- Tangible fixed assets +€61,735
up €61,735 (+192%), from €32,211 to €93,946
of which Furniture and vehicles: +€67,135
- Receivables within one year +€16,359
up €16,359 (+86.0%), from €19,024 to €35,383
of which Trade receivables: +€21,420
- Cash +€5,222
up €5,222 (+27.3%), from €19,125 to €24,347
mainly Debts after one year (+€46,567) and Depreciation (+€24,352)
- Debts after one year +€46,567
new in 2025: €46,567
- Profit (loss) carried forward +€19,748
up €19,748 (+52.0%), from €37,946 to €57,694
- Current portion of long-term debt +€15,522
new in 2025: €15,522
- Tax, wage and social debts +€6,898
new in 2025: €6,898
- Other debts -€2,838
down €2,838 (-21.3%), from €13,333 to €10,495
- Turnover +€29,427
up €29,427 (+6.4%), from €460,715 to €490,142
- Purchases and services +€25,273
up €25,273 (+10.8%), from €233,883 to €259,156
- Depreciation +€16,299
up €16,299 (+202%), from €8,053 to €24,352
- Staff costs +€9,021
up €9,021 (+5.4%), from €167,240 to €176,261
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 | €70,360 | €153,676 | +€83,316 | +118% |
| Fixed assets | 21/28 | €32,211 | €93,946 | +€61,735 | +192% |
| Tangible fixed assets | 22/27 | €32,211 | €93,946 | +€61,735 | +192% |
| Plant, machinery and equipment | 23 | €12,000 | €6,600 | -€5,400 | -45.0% |
| Furniture and vehicles | 24 | €20,211 | €87,346 | +€67,135 | +332% |
| Current assets | 29/58 | €38,149 | €59,730 | +€21,581 | +56.6% |
| Amounts receivable within one year | 40/41 | €19,024 | €35,383 | +€16,359 | +86.0% |
| Trade receivables | 40 | - | €21,420 | +€21,420 | |
| Other amounts receivable | 41 | €19,024 | €13,963 | -€5,061 | -26.6% |
| Cash at bank and in hand | 54/58 | €19,125 | €24,347 | +€5,222 | +27.3% |
| Total equity and liabilities | 10/49 | €70,360 | €153,676 | +€83,316 | +118% |
| Equity | 10/15 | €54,446 | €74,194 | +€19,748 | +36.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,946 | €57,694 | +€19,748 | +52.0% |
| Amounts payable | 17/49 | €15,914 | €79,482 | +€63,568 | +399% |
| Amounts payable after more than one year | 17 | - | €46,567 | +€46,567 | |
| Financial debts | 170/4 | - | €46,567 | +€46,567 | |
| Amounts payable within one year | 42/48 | €15,914 | €32,915 | +€17,001 | +107% |
| Current portion of amounts payable after more than one year | 42 | - | €15,522 | +€15,522 | |
| Financial debts | 43 | - | €0 | = | |
| Trade debts | 44 | €2,581 | €0 | -€2,581 | -100% |
| Suppliers | 440/4 | €2,581 | €0 | -€2,581 | -100% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | - | €6,898 | +€6,898 | |
| Remuneration and social security | 454/9 | - | €6,898 | +€6,898 | |
| Other amounts payable | 47/48 | €13,333 | €10,495 | -€2,838 | -21.3% |
| Turnover | 70 | €460,715 | €490,142 | +€29,427 | +6.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €233,883 | €259,156 | +€25,273 | +10.8% |
| Remuneration, social security and pensions | 62 | €167,240 | €176,261 | +€9,021 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,053 | €24,352 | +€16,299 | +202% |
| Gross operating margin | 9900 | €226,702 | €230,986 | +€4,284 | +1.9% |
| Operating profit (loss) | 9901 | €51,409 | €30,373 | -€21,036 | -40.9% |
| Financial charges | 65/66B | €130 | €130 | = | 0.0% |
| Recurring financial charges | 65 | €130 | €130 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €51,279 | €30,243 | -€21,036 | -41.0% |
| Income taxes | 67/77 | €13,333 | €10,495 | -€2,838 | -21.3% |
| Profit (loss) for the period | 9904 | €37,946 | €19,748 | -€18,198 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,946 | €19,748 | -€18,198 | -48.0% |
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 23 October 2026 via checked.be.