M6T: 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.
M6T
Largest movements
- Receivables within one year +€36,058
up €36,058 (+144%), from €25,094 to €61,151
of which Trade receivables: +€32,889
- Tangible fixed assets +€7,808
up €7,808 (+140%), from €5,572 to €13,380
of which Other tangible fixed assets: +€6,589
- Cash -€2,661
down €2,661 (-19.9%), from €13,357 to €10,695
mainly Receivables within one year (-€36,058) and Investment in fixed assets (net) (-€8,694)
- Deferred charges and accrued income +€1,958
up €1,958 (+112%), from €1,749 to €3,707
- Reserves +€34,363
up €34,363 (+192%), from €17,920 to €52,283
- Tax, wage and social debts +€7,092
up €7,092 (+41.1%), from €17,255 to €24,347
of which Taxes: +€7,092
- Trade debts +€5,246
up €5,246 (+272%), from €1,926 to €7,172
- Other debts -€2,953
down €2,953 (-100%), from €2,953 to €0
- Gross operating margin +€45,932
up €45,932 (+1,119%), from €4,105 to €50,037
- Taxes +€9,590
up €9,590 (+431%), from €2,224 to €11,815
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 | €45,771 | €88,934 | +€43,162 | +94.3% |
| Fixed assets | 21/28 | €5,572 | €13,380 | +€7,808 | +140% |
| Tangible fixed assets | 22/27 | €5,572 | €13,380 | +€7,808 | +140% |
| Furniture and vehicles | 24 | - | €1,220 | +€1,220 | |
| Other tangible fixed assets | 26 | €5,572 | €12,161 | +€6,589 | +118% |
| Current assets | 29/58 | €40,199 | €75,553 | +€35,354 | +87.9% |
| Amounts receivable within one year | 40/41 | €25,094 | €61,151 | +€36,058 | +144% |
| Trade receivables | 40 | €24,858 | €57,746 | +€32,889 | +132% |
| Other amounts receivable | 41 | €236 | €3,405 | +€3,169 | +1,343% |
| Cash at bank and in hand | 54/58 | €13,357 | €10,695 | -€2,661 | -19.9% |
| Deferred charges and accrued income | 490/1 | €1,749 | €3,707 | +€1,958 | +112% |
| Total equity and liabilities | 10/49 | €45,771 | €88,934 | +€43,162 | +94.3% |
| Equity | 10/15 | €22,920 | €57,283 | +€34,363 | +150% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,920 | €52,283 | +€34,363 | +192% |
| Distributable reserves | 133 | €17,920 | €52,283 | +€34,363 | +192% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €22,851 | €31,651 | +€8,800 | +38.5% |
| Amounts payable within one year | 42/48 | €22,133 | €31,569 | +€9,435 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | - | €50 | +€50 | |
| Trade debts | 44 | €1,926 | €7,172 | +€5,246 | +272% |
| Suppliers | 440/4 | €1,926 | €7,172 | +€5,246 | +272% |
| Taxes, remuneration and social security | 45 | €17,255 | €24,347 | +€7,092 | +41.1% |
| Taxes | 450/3 | €15,955 | €23,047 | +€7,092 | +44.5% |
| Remuneration and social security | 454/9 | €1,300 | €1,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,953 | €0 | -€2,953 | -100% |
| Accrued charges and deferred income | 492/3 | €718 | €82 | -€636 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €886 | +€435 | +96.5% |
| Other operating charges | 640/8 | €1,253 | €1,596 | +€343 | +27.4% |
| Non-recurring operating charges | 66A | - | €113 | +€113 | |
| Gross operating margin | 9900 | €4,105 | €50,037 | +€45,932 | +1,119% |
| Operating profit (loss) | 9901 | €2,402 | €47,443 | +€45,041 | +1,875% |
| Financial income | 75/76B | €0 | €24 | +€24 | |
| Recurring financial income | 75 | €0 | €24 | +€24 | |
| Financial charges | 65/66B | €1,313 | €1,289 | -€23 | -1.8% |
| Recurring financial charges | 65 | €1,313 | €1,289 | -€23 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €1,089 | €46,177 | +€45,088 | +4,140% |
| Income taxes | 67/77 | €2,224 | €11,815 | +€9,590 | +431% |
| Profit (loss) for the period | 9904 | -€1,135 | €34,363 | +€35,498 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,135 | €34,363 | +€35,498 |
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 24 October 2026 via checked.be.