M2O & CO: 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.
M2O & CO
Largest movements
- Cash -€2,590
down €2,590 (-48.6%), from €5,330 to €2,740
mainly Tax, wage and social debts (-€3,266) and Other debts (-€1,609)
- Receivables within one year +€1,116
new in 2025: €1,116
- Stocks and contracts -€125
down €125 (-35.2%), from €355 to €230
- Profit (loss) carried forward +€4,230
up €4,230 (+23.9%), from -€17,716 to -€13,485
- Tax, wage and social debts -€3,266
down €3,266 (-15.2%), from €21,495 to €18,230
of which Remuneration and social security: -€5,375
- Other debts -€1,609
no longer reported in 2025 (was €1,609)
- Trade debts -€955
down €955 (-45.6%), from €2,096 to €1,141
- Other operating charges -€3,143
down €3,143 (-71.3%), from €4,410 to €1,268
- Gross operating margin -€2,820
down €2,820 (-30.9%), from €9,139 to €6,319
- Staff costs +€784
up €784, from -€323 to €461
- Depreciation -€203
no longer reported in 2025 (was €203)
- Financial charges -€112
down €112 (-23.7%), from €472 to €360
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 | €7,485 | €5,886 | -€1,599 | -21.4% |
| Fixed assets | 21/28 | €1,800 | €1,800 | = | 0.0% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €5,685 | €4,086 | -€1,599 | -28.1% |
| Stocks and contracts in progress | 3 | €355 | €230 | -€125 | -35.2% |
| Stocks | 30/36 | €355 | €230 | -€125 | -35.2% |
| Amounts receivable within one year | 40/41 | - | €1,116 | +€1,116 | |
| Other amounts receivable | 41 | - | €1,116 | +€1,116 | |
| Cash at bank and in hand | 54/58 | €5,330 | €2,740 | -€2,590 | -48.6% |
| Total equity and liabilities | 10/49 | €7,485 | €5,886 | -€1,599 | -21.4% |
| Equity | 10/15 | -€17,716 | -€13,485 | +€4,230 | +23.9% |
| Profit (loss) carried forward | 14 | -€17,716 | -€13,485 | +€4,230 | +23.9% |
| Amounts payable | 17/49 | €25,200 | €19,371 | -€5,830 | -23.1% |
| Amounts payable within one year | 42/48 | €25,200 | €19,371 | -€5,830 | -23.1% |
| Trade debts | 44 | €2,096 | €1,141 | -€955 | -45.6% |
| Suppliers | 440/4 | €2,096 | €1,141 | -€955 | -45.6% |
| Taxes, remuneration and social security | 45 | €21,495 | €18,230 | -€3,266 | -15.2% |
| Taxes | 450/3 | €11,607 | €13,717 | +€2,110 | +18.2% |
| Remuneration and social security | 454/9 | €9,888 | €4,512 | -€5,375 | -54.4% |
| Other amounts payable | 47/48 | €1,609 | - | -€1,609 | |
| Remuneration, social security and pensions | 62 | -€323 | €461 | +€784 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203 | - | -€203 | |
| Other operating charges | 640/8 | €4,410 | €1,268 | -€3,143 | -71.3% |
| Gross operating margin | 9900 | €9,139 | €6,319 | -€2,820 | -30.9% |
| Operating profit (loss) | 9901 | €4,850 | €4,591 | -€259 | -5.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €472 | €360 | -€112 | -23.7% |
| Recurring financial charges | 65 | €472 | €360 | -€112 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €4,378 | €4,230 | -€148 | -3.4% |
| Profit (loss) for the period | 9904 | €4,378 | €4,230 | -€148 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,378 | €4,230 | -€148 | -3.4% |
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 16 October 2026 via checked.be.