M Solutions: 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 Solutions
Largest movements
- Cash +€48,643
up €48,643 (+292%), from €16,650 to €65,292
mainly Net result for the year (+€44,746) and Tax, wage and social debts (+€6,928)
- Receivables within one year -€1,726
down €1,726 (-12.4%), from €13,915 to €12,189
- Formation expenses -€1,721
down €1,721 (-100%), from €1,721 to €0
- Tangible fixed assets -€1,697
down €1,697 (-24.0%), from €7,081 to €5,384
of which Plant, machinery and equipment: -€1,152
- Profit (loss) carried forward +€43,913
up €43,913 (+283%), from €15,494 to €59,407
- Tax, wage and social debts +€6,928
up €6,928 (+58.1%), from €11,935 to €18,863
- Other debts -€6,587
down €6,587 (-65.0%), from €10,142 to €3,554
- Gross operating margin +€43,588
up €43,588 (+202%), from €21,593 to €65,181
- Taxes +€8,793
up €8,793 (+208%), from €4,220 to €13,013
- Financial charges +€3,122
up €3,122 (+353%), from €885 to €4,007
- Depreciation +€2,422
up €2,422 (+243%), from €995 to €3,417
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 | €40,881 | €84,464 | +€43,583 | +107% |
| Formation expenses | 20 | €1,721 | €0 | -€1,721 | -100% |
| Fixed assets | 21/28 | €7,081 | €5,384 | -€1,697 | -24.0% |
| Tangible fixed assets | 22/27 | €7,081 | €5,384 | -€1,697 | -24.0% |
| Plant, machinery and equipment | 23 | €5,556 | €4,404 | -€1,152 | -20.7% |
| Furniture and vehicles | 24 | €1,525 | €980 | -€545 | -35.7% |
| Current assets | 29/58 | €32,080 | €79,080 | +€47,000 | +147% |
| Amounts receivable within one year | 40/41 | €13,915 | €12,189 | -€1,726 | -12.4% |
| Trade receivables | 40 | €13,915 | €12,189 | -€1,726 | -12.4% |
| Cash at bank and in hand | 54/58 | €16,650 | €65,292 | +€48,643 | +292% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,598 | +€83 | +5.5% |
| Total equity and liabilities | 10/49 | €40,881 | €84,464 | +€43,583 | +107% |
| Equity | 10/15 | €16,494 | €60,407 | +€43,913 | +266% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,494 | €59,407 | +€43,913 | +283% |
| Amounts payable | 17/49 | €24,387 | €24,057 | -€330 | -1.4% |
| Amounts payable within one year | 42/48 | €22,821 | €22,490 | -€331 | -1.5% |
| Trade debts | 44 | €745 | €73 | -€672 | -90.2% |
| Suppliers | 440/4 | €745 | €73 | -€672 | -90.2% |
| Taxes, remuneration and social security | 45 | €11,935 | €18,863 | +€6,928 | +58.1% |
| Taxes | 450/3 | €11,935 | €18,863 | +€6,928 | +58.1% |
| Other amounts payable | 47/48 | €10,142 | €3,554 | -€6,587 | -65.0% |
| Accrued charges and deferred income | 492/3 | €1,566 | €1,567 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €3,417 | +€2,422 | +243% |
| Gross operating margin | 9900 | €21,593 | €65,181 | +€43,588 | +202% |
| Operating profit (loss) | 9901 | €20,598 | €61,764 | +€41,166 | +200% |
| Financial income | 75/76B | €1 | €2 | +€1 | +94.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +94.0% |
| Financial charges | 65/66B | €885 | €4,007 | +€3,122 | +353% |
| Recurring financial charges | 65 | €885 | €4,007 | +€3,122 | +353% |
| Profit (loss) for the period before taxes | 9903 | €19,715 | €57,759 | +€38,044 | +193% |
| Income taxes | 67/77 | €4,220 | €13,013 | +€8,793 | +208% |
| Profit (loss) for the period | 9904 | €15,494 | €44,746 | +€29,252 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €15,494 | €44,746 | +€29,252 | +189% |
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 25 October 2026 via checked.be.