M1 CAPITAL: 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.
M1 CAPITAL
Largest movements
- Cash -€2,852
down €2,852 (-62.5%), from €4,564 to €1,712
mainly Tax, wage and social debts (-€5,124) and Other debts (-€1,521)
- Receivables within one year -€511
down €511 (-35.9%), from €1,424 to €913
of which Other amounts receivable: -€511
- Tax, wage and social debts -€5,124
no longer reported in 2025 (was €5,124)
of which Remuneration and social security: -€5,121
- Profit (loss) carried forward +€4,412
up €4,412 (+22.0%), from -€20,099 to -€15,687
- Other debts -€1,521
down €1,521 (-32.5%), from €4,682 to €3,161
- Trade debts -€1,130
down €1,130 (-30.4%), from €3,722 to €2,592
- Gross operating margin +€6,297
up €6,297, from -€1,062 to €5,235
- Financial income -€466
down €466 (-99.4%), from €469 to €3
- Other operating charges +€400
new in 2025: €400
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 | €7,789 | €4,426 | -€3,363 | -43.2% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €5,989 | €2,626 | -€3,363 | -56.2% |
| Amounts receivable within one year | 40/41 | €1,424 | €913 | -€511 | -35.9% |
| Trade receivables | 40 | €913 | €913 | = | 0.0% |
| Other amounts receivable | 41 | €511 | - | -€511 | |
| Cash at bank and in hand | 54/58 | €4,564 | €1,712 | -€2,852 | -62.5% |
| Total equity and liabilities | 10/49 | €7,789 | €4,426 | -€3,363 | -43.2% |
| Equity | 10/15 | -€5,739 | -€1,327 | +€4,412 | +76.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€20,099 | -€15,687 | +€4,412 | +22.0% |
| Amounts payable | 17/49 | €13,528 | €5,753 | -€7,775 | -57.5% |
| Amounts payable within one year | 42/48 | €13,528 | €5,753 | -€7,775 | -57.5% |
| Trade debts | 44 | €3,722 | €2,592 | -€1,130 | -30.4% |
| Suppliers | 440/4 | €3,722 | €2,592 | -€1,130 | -30.4% |
| Taxes, remuneration and social security | 45 | €5,124 | - | -€5,124 | |
| Taxes | 450/3 | €3 | - | -€3 | |
| Remuneration and social security | 454/9 | €5,121 | - | -€5,121 | |
| Other amounts payable | 47/48 | €4,682 | €3,161 | -€1,521 | -32.5% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€1,062 | €5,235 | +€6,297 | |
| Operating profit (loss) | 9901 | -€1,062 | €4,835 | +€5,897 | |
| Financial income | 75/76B | €469 | €3 | -€466 | -99.4% |
| Recurring financial income | 75 | €469 | €3 | -€466 | -99.4% |
| Financial charges | 65/66B | €477 | €426 | -€51 | -10.8% |
| Recurring financial charges | 65 | €477 | €426 | -€51 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,070 | €4,412 | +€5,482 | |
| Profit (loss) for the period | 9904 | -€1,070 | €4,412 | +€5,482 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,070 | €4,412 | +€5,482 |
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 21 October 2026 via checked.be.