M2B INVEST: 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.
M2B INVEST
Largest movements
- Receivables within one year +€79,533
up €79,533 (+3,743%), from €2,125 to €81,658
of which Other amounts receivable: +€79,533
- Current investments +€11,954
new in 2025: €11,954
- Other debts +€139,730
up €139,730 (+147%), from €95,274 to €235,004
- Profit (loss) carried forward -€32,806
down €32,806 (-90.7%), from -€36,178 to -€68,984
- Trade debts -€12,383
down €12,383 (-69.4%), from €17,854 to €5,471
- Purchases and services +€12,106
up €12,106 (+24.8%), from €48,752 to €60,858
- Gross operating margin -€10,674
down €10,674 (-48.5%), from €22,009 to €11,335
- Depreciation +€2,500
up €2,500 (+6.5%), from €38,671 to €41,170
- Turnover +€1,432
up €1,432 (+2.0%), from €70,761 to €72,193
- Other operating charges +€1,099
up €1,099 (+39.3%), from €2,797 to €3,897
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 | €1,083,264 | €1,177,491 | +€94,227 | +8.7% |
| Fixed assets | 21/28 | €1,079,995 | €1,081,058 | +€1,063 | +0.1% |
| Tangible fixed assets | 22/27 | €1,079,995 | €1,081,058 | +€1,063 | +0.1% |
| Land and buildings | 22 | €1,053,678 | €1,015,984 | -€37,694 | -3.6% |
| Plant, machinery and equipment | 23 | €25,788 | €63,304 | +€37,516 | +145% |
| Furniture and vehicles | 24 | €529 | €1,771 | +€1,241 | +234% |
| Current assets | 29/58 | €3,268 | €96,433 | +€93,164 | +2,851% |
| Amounts receivable within one year | 40/41 | €2,125 | €81,658 | +€79,533 | +3,743% |
| Trade receivables | 40 | €2,000 | €2,000 | = | 0.0% |
| Other amounts receivable | 41 | €125 | €79,658 | +€79,533 | +63,683% |
| Current investments | 50/53 | - | €11,954 | +€11,954 | |
| Cash at bank and in hand | 54/58 | €1,143 | €1,755 | +€612 | +53.5% |
| Deferred charges and accrued income | 490/1 | - | €1,065 | +€1,065 | |
| Total equity and liabilities | 10/49 | €1,083,264 | €1,177,491 | +€94,227 | +8.7% |
| Equity | 10/15 | -€26,178 | -€58,984 | -€32,806 | -125% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | - | €10,000 | +€10,000 | |
| Issued capital | 100 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€36,178 | -€68,984 | -€32,806 | -90.7% |
| Amounts payable | 17/49 | €1,109,442 | €1,236,475 | +€127,033 | +11.5% |
| Amounts payable after more than one year | 17 | €306,000 | €306,000 | = | 0.0% |
| Other amounts payable | 178/9 | €306,000 | €306,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €803,442 | €930,475 | +€127,033 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €690,000 | €690,000 | = | 0.0% |
| Trade debts | 44 | €17,854 | €5,471 | -€12,383 | -69.4% |
| Suppliers | 440/4 | €17,854 | €5,471 | -€12,383 | -69.4% |
| Taxes, remuneration and social security | 45 | €314 | - | -€314 | |
| Taxes | 450/3 | €314 | - | -€314 | |
| Other amounts payable | 47/48 | €95,274 | €235,004 | +€139,730 | +147% |
| Turnover | 70 | €70,761 | €72,193 | +€1,432 | +2.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,752 | €60,858 | +€12,106 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,671 | €41,170 | +€2,500 | +6.5% |
| Other operating charges | 640/8 | €2,797 | €3,897 | +€1,099 | +39.3% |
| Gross operating margin | 9900 | €22,009 | €11,335 | -€10,674 | -48.5% |
| Operating profit (loss) | 9901 | -€19,459 | -€33,732 | -€14,273 | -73.3% |
| Financial income | 75/76B | €811 | €971 | +€160 | +19.7% |
| Recurring financial income | 75 | €811 | €971 | +€160 | +19.7% |
| Financial charges | 65/66B | €61 | €45 | -€16 | -25.8% |
| Recurring financial charges | 65 | €61 | €45 | -€16 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,709 | -€32,806 | -€14,097 | -75.3% |
| Profit (loss) for the period | 9904 | -€18,709 | -€32,806 | -€14,097 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,709 | -€32,806 | -€14,097 | -75.3% |
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 31 October 2026 via checked.be.