M2L SOLUTIONS: 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.
M2L SOLUTIONS
Largest movements
- Receivables within one year +€22,719
up €22,719 (+117.9%), from €19,266 to €41,985
of which Trade receivables: +€14,933
- Cash -€6,311
down €6,311 (-31.9%), from €19,772 to €13,461
mainly Receivables within one year (-€22,719) and Tax, wage and social debts (-€9,840)
- Tangible fixed assets -€846
down €846 (-36.6%), from €2,314 to €1,468
- Other debts +€27,177
up €27,177 (+367.5%), from €7,396 to €34,572
- Tax, wage and social debts -€9,840
down €9,840 (-95.3%), from €10,330 to €490
- Current portion of long-term debt +€3,232
new in 2025: €3,232
- Profit (loss) carried forward -€2,622
down €2,622, from €721 to -€1,901
- Trade debts -€2,378
down €2,378 (-11.2%), from €21,246 to €18,868
- Financial charges +€37,850
up €37,850 (+11385.1%), from €332 to €38,182
- Gross operating margin +€24,604
up €24,604 (+165.0%), from €14,909 to €39,513
- Taxes -€1,755
down €1,755 (-46.7%), from €3,760 to €2,005
- Depreciation -€875
down €875 (-35.4%), from €2,470 to €1,595
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 | €42,192 | €57,762 | +€15,570 | +36.9% |
| Fixed assets | 21/28 | €2,677 | €1,831 | -€846 | -31.6% |
| Tangible fixed assets | 22/27 | €2,314 | €1,468 | -€846 | -36.6% |
| Furniture and vehicles | 24 | €2,314 | €1,468 | -€846 | -36.6% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €39,515 | €55,931 | +€16,416 | +41.5% |
| Amounts receivable within one year | 40/41 | €19,266 | €41,985 | +€22,719 | +117.9% |
| Trade receivables | 40 | €12,058 | €26,992 | +€14,933 | +123.8% |
| Other amounts receivable | 41 | €7,208 | €14,993 | +€7,786 | +108.0% |
| Cash at bank and in hand | 54/58 | €19,772 | €13,461 | -€6,311 | -31.9% |
| Deferred charges and accrued income | 490/1 | €477 | €485 | +€8 | +1.6% |
| Total equity and liabilities | 10/49 | €42,192 | €57,762 | +€15,570 | +36.9% |
| Equity | 10/15 | €3,221 | €599 | -€2,622 | -81.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €721 | -€1,901 | -€2,622 | |
| Amounts payable | 17/49 | €38,971 | €57,163 | +€18,191 | +46.7% |
| Amounts payable within one year | 42/48 | €38,971 | €57,163 | +€18,191 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,232 | +€3,232 | |
| Trade debts | 44 | €21,246 | €18,868 | -€2,378 | -11.2% |
| Suppliers | 440/4 | €21,246 | €18,868 | -€2,378 | -11.2% |
| Taxes, remuneration and social security | 45 | €10,330 | €490 | -€9,840 | -95.3% |
| Taxes | 450/3 | €10,330 | €490 | -€9,840 | -95.3% |
| Other amounts payable | 47/48 | €7,396 | €34,572 | +€27,177 | +367.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €1,595 | -€875 | -35.4% |
| Other operating charges | 640/8 | €626 | €353 | -€273 | -43.6% |
| Gross operating margin | 9900 | €14,909 | €39,513 | +€24,604 | +165.0% |
| Operating profit (loss) | 9901 | €11,813 | €37,565 | +€25,752 | +218.0% |
| Financial charges | 65/66B | €332 | €38,182 | +€37,850 | +11385.1% |
| Recurring financial charges | 65 | €332 | €38,182 | +€37,850 | +11385.1% |
| Profit (loss) for the period before taxes | 9903 | €11,480 | -€617 | -€12,097 | |
| Income taxes | 67/77 | €3,760 | €2,005 | -€1,755 | -46.7% |
| Profit (loss) for the period | 9904 | €7,721 | -€2,622 | -€10,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,721 | -€2,622 | -€10,342 |
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 6 October 2026 via checked.be.