M2M MANAGEMENT: 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.
M2M MANAGEMENT
Largest movements
- Tangible fixed assets -€9,350
down €9,350 (-6.1%), from €153,450 to €144,100
- Financial fixed assets -€5,000
down €5,000 (-11.9%), from €42,122 to €37,122
- Cash +€2,445
up €2,445 (+23.5%), from €10,411 to €12,856
mainly Depreciation (+€9,350) and Net result for the year (+€8,079)
- Debts after one year -€19,714
down €19,714 (-14.0%), from €140,370 to €120,656
- Profit (loss) carried forward +€8,079
up €8,079 (+34.2%), from €23,598 to €31,677
- Taxes -€1,067
down €1,067 (-63.3%), from €1,686 to €618
- Financial charges -€791
down €791 (-10.8%), from €7,338 to €6,548
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 | €216,632 | €204,995 | -€11,637 | -5.4% |
| Fixed assets | 21/28 | €195,572 | €181,222 | -€14,350 | -7.3% |
| Tangible fixed assets | 22/27 | €153,450 | €144,100 | -€9,350 | -6.1% |
| Land and buildings | 22 | €153,450 | €144,100 | -€9,350 | -6.1% |
| Financial fixed assets | 28 | €42,122 | €37,122 | -€5,000 | -11.9% |
| Current assets | 29/58 | €21,060 | €23,773 | +€2,713 | +12.9% |
| Amounts receivable within one year | 40/41 | €9,411 | €9,679 | +€268 | +2.8% |
| Trade receivables | 40 | €579 | - | -€579 | |
| Other amounts receivable | 41 | €8,832 | €9,679 | +€847 | +9.6% |
| Cash at bank and in hand | 54/58 | €10,411 | €12,856 | +€2,445 | +23.5% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,238 | = | 0.0% |
| Total equity and liabilities | 10/49 | €216,632 | €204,995 | -€11,637 | -5.4% |
| Equity | 10/15 | €44,058 | €52,137 | +€8,079 | +18.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,598 | €31,677 | +€8,079 | +34.2% |
| Amounts payable | 17/49 | €172,574 | €152,858 | -€19,716 | -11.4% |
| Amounts payable after more than one year | 17 | €140,370 | €120,656 | -€19,714 | -14.0% |
| Financial debts | 170/4 | €140,370 | €120,656 | -€19,714 | -14.0% |
| Amounts payable within one year | 42/48 | €32,204 | €32,201 | -€3 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €18,887 | €19,714 | +€826 | +4.4% |
| Taxes, remuneration and social security | 45 | €3,186 | €3,357 | +€171 | +5.4% |
| Taxes | 450/3 | €3,186 | €3,357 | +€171 | +5.4% |
| Other amounts payable | 47/48 | €10,131 | €9,131 | -€1,000 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,350 | €9,350 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,189 | €9,000 | -€189 | -2.1% |
| Other operating charges | 640/8 | €5,365 | €5,533 | +€169 | +3.1% |
| Gross operating margin | 9900 | €38,974 | €39,128 | +€154 | +0.4% |
| Operating profit (loss) | 9901 | €15,070 | €15,245 | +€175 | +1.2% |
| Financial charges | 65/66B | €7,338 | €6,548 | -€791 | -10.8% |
| Recurring financial charges | 65 | €7,338 | €6,548 | -€791 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €7,732 | €8,697 | +€965 | +12.5% |
| Income taxes | 67/77 | €1,686 | €618 | -€1,067 | -63.3% |
| Profit (loss) for the period | 9904 | €6,046 | €8,079 | +€2,033 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,046 | €8,079 | +€2,033 | +33.6% |
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 13 October 2026 via checked.be.