M2L@HOME: 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.
M2L@HOME
Largest movements
- Cash -€70,172
down €70,172 (-58.3%), from €120,260 to €50,088
mainly Debts after one year (-€50,940) and Tax, wage and social debts (-€18,089)
- Receivables within one year +€15,802
up €15,802 (+52.4%), from €30,162 to €45,963
of which Other amounts receivable: +€15,880
- Tangible fixed assets -€15,647
down €15,647 (-29.7%), from €52,595 to €36,948
of which Furniture and vehicles: -€17,018
- Stocks and contracts +€8,421
up €8,421 (+92.2%), from €9,133 to €17,554
- Debts after one year -€50,940
down €50,940 (-37.2%), from €136,995 to €86,056
- Tax, wage and social debts -€18,089
down €18,089 (-60.3%), from €29,993 to €11,904
of which Taxes: -€16,189
- Reserves +€9,781
up €9,781 (+42.3%), from €23,126 to €32,908
- Trade debts -€3,245
down €3,245 (-64.1%), from €5,058 to €1,813
- Current portion of long-term debt +€2,488
up €2,488 (+5.1%), from €48,451 to €50,940
- Gross operating margin -€30,605
down €30,605 (-42.1%), from €72,760 to €42,155
- Taxes -€7,303
down €7,303 (-61.6%), from €11,857 to €4,554
- Financial charges -€2,546
down €2,546 (-23.1%), from €11,026 to €8,480
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 | €246,624 | €186,621 | -€60,003 | -24.3% |
| Fixed assets | 21/28 | €84,095 | €68,448 | -€15,647 | -18.6% |
| Tangible fixed assets | 22/27 | €52,595 | €36,948 | -€15,647 | -29.7% |
| Land and buildings | 22 | €7,506 | €5,495 | -€2,011 | -26.8% |
| Plant, machinery and equipment | 23 | - | €3,383 | +€3,383 | |
| Furniture and vehicles | 24 | €45,089 | €28,071 | -€17,018 | -37.7% |
| Financial fixed assets | 28 | €31,500 | €31,500 | = | 0.0% |
| Current assets | 29/58 | €162,529 | €118,172 | -€44,357 | -27.3% |
| Stocks and contracts in progress | 3 | €9,133 | €17,554 | +€8,421 | +92.2% |
| Stocks | 30/36 | €9,133 | €17,554 | +€8,421 | +92.2% |
| Amounts receivable within one year | 40/41 | €30,162 | €45,963 | +€15,802 | +52.4% |
| Trade receivables | 40 | €13,078 | €13,000 | -€78 | -0.6% |
| Other amounts receivable | 41 | €17,083 | €32,963 | +€15,880 | +93.0% |
| Cash at bank and in hand | 54/58 | €120,260 | €50,088 | -€70,172 | -58.3% |
| Deferred charges and accrued income | 490/1 | €2,974 | €4,566 | +€1,592 | +53.5% |
| Total equity and liabilities | 10/49 | €246,624 | €186,621 | -€60,003 | -24.3% |
| Equity | 10/15 | €26,126 | €35,908 | +€9,781 | +37.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,126 | €32,908 | +€9,781 | +42.3% |
| Distributable reserves | 133 | €23,126 | €32,908 | +€9,781 | +42.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €220,498 | €150,713 | -€69,785 | -31.6% |
| Amounts payable after more than one year | 17 | €136,995 | €86,056 | -€50,940 | -37.2% |
| Financial debts | 170/4 | €136,995 | €86,056 | -€50,940 | -37.2% |
| Amounts payable within one year | 42/48 | €83,503 | €64,658 | -€18,845 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €48,451 | €50,940 | +€2,488 | +5.1% |
| Trade debts | 44 | €5,058 | €1,813 | -€3,245 | -64.1% |
| Suppliers | 440/4 | €5,058 | €1,813 | -€3,245 | -64.1% |
| Taxes, remuneration and social security | 45 | €29,993 | €11,904 | -€18,089 | -60.3% |
| Taxes | 450/3 | €26,643 | €10,454 | -€16,189 | -60.8% |
| Remuneration and social security | 454/9 | €3,350 | €1,450 | -€1,900 | -56.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,017 | €19,648 | +€631 | +3.3% |
| Other operating charges | 640/8 | €639 | €1,329 | +€691 | +108% |
| Non-recurring operating charges | 66A | €145,836 | €0 | -€145,836 | -100% |
| Gross operating margin | 9900 | €72,760 | €42,155 | -€30,605 | -42.1% |
| Operating profit (loss) | 9901 | -€92,731 | €21,178 | +€113,909 | |
| Financial income | 75/76B | €1,045 | €1,637 | +€592 | +56.7% |
| Recurring financial income | 75 | €1,045 | €1,637 | +€592 | +56.7% |
| Financial charges | 65/66B | €11,026 | €8,480 | -€2,546 | -23.1% |
| Recurring financial charges | 65 | €11,026 | €8,480 | -€2,546 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€102,711 | €14,335 | +€117,046 | |
| Income taxes | 67/77 | €11,857 | €4,554 | -€7,303 | -61.6% |
| Profit (loss) for the period | 9904 | -€114,569 | €9,781 | +€124,350 | |
| Profit (loss) for the period to be appropriated | 9905 | -€114,569 | €9,781 | +€124,350 |
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 22 October 2026 via checked.be.