M2DS: what changed
Two fiscal 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.
M2DS
Largest movements
- Tangible fixed assets -€7,410
down €7,410 (-7.6%), from €97,414 to €90,004
of which Land and buildings: -€7,410
- Cash +€1,797
up €1,797 (+25.8%), from €6,965 to €8,762
mainly Depreciation (+€7,410) and Receivables within one year (+€1,159)
- Receivables within one year -€1,159
down €1,159 (-36.6%), from €3,167 to €2,008
of which Trade receivables: -€1,197
- Other debts -€5,980
down €5,980 (-28.5%), from €21,011 to €15,031
- Profit (loss) carried forward -€1,098
down €1,098 (-6.5%), from -€16,794 to -€17,892
- Gross operating margin +€1,690
up €1,690 (+28.7%), from €5,893 to €7,583
- Other operating charges +€899
up €899 (+299.5%), from €300 to €1,199
- Depreciation +€270
up €270 (+3.8%), from €7,140 to €7,410
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.
Cash bridge derived
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 | €107,546 | €100,774 | -€6,772 | -6.3% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €97,414 | €90,004 | -€7,410 | -7.6% |
| Tangible fixed assets | 22/27 | €97,414 | €90,004 | -€7,410 | -7.6% |
| Land and buildings | 22 | €97,414 | €90,004 | -€7,410 | -7.6% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €10,132 | €10,770 | +€638 | +6.3% |
| Amounts receivable within one year | 40/41 | €3,167 | €2,008 | -€1,159 | -36.6% |
| Trade receivables | 40 | €2,950 | €1,753 | -€1,197 | -40.6% |
| Other amounts receivable | 41 | €217 | €255 | +€38 | +17.4% |
| Cash at bank and in hand | 54/58 | €6,965 | €8,762 | +€1,797 | +25.8% |
| Total equity and liabilities | 10/49 | €107,546 | €100,774 | -€6,772 | -6.3% |
| Equity | 10/15 | €83,206 | €82,108 | -€1,098 | -1.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,794 | -€17,892 | -€1,098 | -6.5% |
| Amounts payable | 17/49 | €24,340 | €18,666 | -€5,674 | -23.3% |
| Amounts payable within one year | 42/48 | €23,740 | €18,666 | -€5,074 | -21.4% |
| Trade debts | 44 | €146 | €500 | +€354 | +242.1% |
| Suppliers | 440/4 | €146 | €500 | +€354 | +242.1% |
| Advances received on contracts in progress | 46 | €2,584 | €3,135 | +€551 | +21.3% |
| Other amounts payable | 47/48 | €21,011 | €15,031 | -€5,980 | -28.5% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,140 | €7,410 | +€270 | +3.8% |
| Other operating charges | 640/8 | €300 | €1,199 | +€899 | +299.5% |
| Gross operating margin | 9900 | €5,893 | €7,583 | +€1,690 | +28.7% |
| Operating profit (loss) | 9901 | -€1,548 | -€1,026 | +€522 | +33.7% |
| Financial charges | 65/66B | - | €72 | +€72 | |
| Recurring financial charges | 65 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | -€1,548 | -€1,098 | +€450 | +29.0% |
| Profit (loss) for the period | 9904 | -€1,548 | -€1,098 | +€450 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,548 | -€1,098 | +€450 | +29.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.