M7: 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.
M7
Largest movements
- Tangible fixed assets -€10,319
down €10,319 (-20.0%), from €51,566 to €41,247
- Receivables within one year +€3,441
up €3,441 (+19.5%), from €17,644 to €21,085
of which Trade receivables: +€2,610
- Receivables after one year +€2,657
up €2,657 (+2.5%), from €104,183 to €106,839
- Profit (loss) carried forward -€2,709
down €2,709 (-1.6%), from €172,788 to €170,079
- Gross operating margin +€8,007
up €8,007, from -€2,852 to €5,155
- Financial charges -€177
down €177 (-76.4%), from €231 to €55
- Other operating charges -€85
down €85 (-14.6%), from €581 to €496
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 | €186,673 | €183,087 | -€3,586 | -1.9% |
| Fixed assets | 21/28 | €51,566 | €41,247 | -€10,319 | -20.0% |
| Tangible fixed assets | 22/27 | €51,566 | €41,247 | -€10,319 | -20.0% |
| Land and buildings | 22 | €51,566 | €41,247 | -€10,319 | -20.0% |
| Current assets | 29/58 | €135,107 | €141,840 | +€6,733 | +5.0% |
| Amounts receivable after more than one year | 29 | €104,183 | €106,839 | +€2,657 | +2.5% |
| Other amounts receivable | 291 | €104,183 | €106,839 | +€2,657 | +2.5% |
| Amounts receivable within one year | 40/41 | €17,644 | €21,085 | +€3,441 | +19.5% |
| Trade receivables | 40 | €3,178 | €5,787 | +€2,610 | +82.1% |
| Other amounts receivable | 41 | €14,467 | €15,298 | +€831 | +5.7% |
| Cash at bank and in hand | 54/58 | €13,280 | €13,104 | -€176 | -1.3% |
| Deferred charges and accrued income | 490/1 | - | €812 | +€812 | |
| Total equity and liabilities | 10/49 | €186,673 | €183,087 | -€3,586 | -1.9% |
| Equity | 10/15 | €180,848 | €178,139 | -€2,709 | -1.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €172,788 | €170,079 | -€2,709 | -1.6% |
| Amounts payable | 17/49 | €5,825 | €4,948 | -€877 | -15.1% |
| Amounts payable within one year | 42/48 | €5,825 | €4,948 | -€877 | -15.1% |
| Financial debts | 43 | €370 | €0 | -€370 | -100% |
| Credit institutions | 430/8 | €370 | €0 | -€370 | -100% |
| Trade debts | 44 | €5,455 | €4,229 | -€1,226 | -22.5% |
| Suppliers | 440/4 | €5,455 | €4,229 | -€1,226 | -22.5% |
| Taxes, remuneration and social security | 45 | - | €719 | +€719 | |
| Taxes | 450/3 | - | €719 | +€719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,319 | €10,319 | = | 0.0% |
| Other operating charges | 640/8 | €581 | €496 | -€85 | -14.6% |
| Gross operating margin | 9900 | -€2,852 | €5,155 | +€8,007 | |
| Operating profit (loss) | 9901 | -€13,752 | -€5,660 | +€8,092 | +58.8% |
| Financial income | 75/76B | €2,978 | €3,005 | +€27 | +0.9% |
| Recurring financial income | 75 | €2,978 | €3,005 | +€27 | +0.9% |
| Financial charges | 65/66B | €231 | €55 | -€177 | -76.4% |
| Recurring financial charges | 65 | €231 | €55 | -€177 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,005 | -€2,709 | +€8,296 | +75.4% |
| Profit (loss) for the period | 9904 | -€11,005 | -€2,709 | +€8,296 | +75.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,005 | -€2,709 | +€8,296 | +75.4% |
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 23 October 2026 via checked.be.