M- Production: 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- Production
Largest movements
- Tangible fixed assets -€13,412
down €13,412 (-12.2%), from €110,098 to €96,686
of which Land and buildings: -€9,138
- Receivables within one year +€2,159
up €2,159 (+892%), from €242 to €2,401
of which Trade receivables: +€1,364
- Other debts +€28,889
up €28,889 (+18.4%), from €156,930 to €185,819
- Trade debts -€20,921
no longer reported in 2025 (was €20,921)
- Profit (loss) carried forward -€18,950
down €18,950 (-14.0%), from -€135,370 to -€154,320
- Gross operating margin +€7,584
up €7,584 (+65.4%), from -€11,592 to -€4,008
- Depreciation -€1,184
down €1,184 (-8.1%), from €14,596 to €13,412
- Other operating charges +€748
up €748 (+111%), from €677 to €1,425
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 | €115,162 | €104,132 | -€11,030 | -9.6% |
| Fixed assets | 21/28 | €110,098 | €96,686 | -€13,412 | -12.2% |
| Tangible fixed assets | 22/27 | €110,098 | €96,686 | -€13,412 | -12.2% |
| Land and buildings | 22 | €93,660 | €84,522 | -€9,138 | -9.8% |
| Plant, machinery and equipment | 23 | €14,802 | €11,099 | -€3,703 | -25.0% |
| Furniture and vehicles | 24 | €1,636 | €1,065 | -€571 | -34.9% |
| Current assets | 29/58 | €5,064 | €7,446 | +€2,382 | +47.0% |
| Amounts receivable within one year | 40/41 | €242 | €2,401 | +€2,159 | +892% |
| Trade receivables | 40 | €242 | €1,606 | +€1,364 | +564% |
| Other amounts receivable | 41 | - | €795 | +€795 | |
| Cash at bank and in hand | 54/58 | €4,822 | €5,045 | +€224 | +4.6% |
| Total equity and liabilities | 10/49 | €115,162 | €104,132 | -€11,030 | -9.6% |
| Equity | 10/15 | -€62,737 | -€81,687 | -€18,950 | -30.2% |
| Contributions | 10/11 | €65,700 | €65,700 | = | 0.0% |
| Capital | 10 | €65,700 | €65,700 | = | 0.0% |
| Issued capital | 100 | €65,700 | €65,700 | = | 0.0% |
| Reserves | 13 | €6,933 | €6,933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,569 | €6,569 | = | 0.0% |
| Legal reserve | 130 | €6,569 | €6,569 | = | 0.0% |
| Distributable reserves | 133 | €364 | €364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€135,370 | -€154,320 | -€18,950 | -14.0% |
| Amounts payable | 17/49 | €177,898 | €185,819 | +€7,920 | +4.5% |
| Amounts payable within one year | 42/48 | €177,898 | €185,819 | +€7,920 | +4.5% |
| Trade debts | 44 | €20,921 | - | -€20,921 | |
| Suppliers | 440/4 | €20,921 | - | -€20,921 | |
| Taxes, remuneration and social security | 45 | €47 | - | -€47 | |
| Taxes | 450/3 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | €156,930 | €185,819 | +€28,889 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,596 | €13,412 | -€1,184 | -8.1% |
| Other operating charges | 640/8 | €677 | €1,425 | +€748 | +111% |
| Gross operating margin | 9900 | -€11,592 | -€4,008 | +€7,584 | +65.4% |
| Operating profit (loss) | 9901 | -€26,866 | -€18,846 | +€8,020 | +29.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €103 | €104 | +€1 | +0.9% |
| Recurring financial charges | 65 | €103 | €104 | +€1 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€26,969 | -€18,950 | +€8,019 | +29.7% |
| Profit (loss) for the period | 9904 | -€26,969 | -€18,950 | +€8,019 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,969 | -€18,950 | +€8,019 | +29.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.