M7 Concept: 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.
M7 Concept
Largest movements
- Receivables within one year +€214,660
up €214,660 (+247.3%), from €86,818 to €301,478
of which Trade receivables: +€187,626
- Tangible fixed assets +€45,029
new in 2025: €45,029
of which Furniture and vehicles: +€43,877
- Cash +€35,442
up €35,442 (+158.1%), from €22,414 to €57,856
mainly Trade debts (+€142,582) and Net result for the year (+€82,282)
- Trade debts +€142,582
up €142,582 (+192.4%), from €74,102 to €216,684
- Profit (loss) carried forward +€82,282
up €82,282 (+354.6%), from €23,202 to €105,484
- Debts after one year +€34,184
new in 2025: €34,184
- Tax, wage and social debts +€28,613
up €28,613 (+353.8%), from €8,088 to €36,701
of which Taxes: +€22,013
- Current portion of long-term debt +€9,311
new in 2025: €9,311
- Gross operating margin +€89,005
up €89,005 (+327.1%), from €27,212 to €116,217
- Taxes +€19,012
up €19,012 (+518.9%), from €3,664 to €22,676
- Depreciation +€7,198
new in 2025: €7,198
- Financial charges +€2,794
up €2,794 (+14883.2%), from €19 to €2,812
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 | €109,232 | €404,363 | +€295,131 | +270.2% |
| Fixed assets | 21/28 | - | €45,029 | +€45,029 | |
| Tangible fixed assets | 22/27 | - | €45,029 | +€45,029 | |
| Plant, machinery and equipment | 23 | - | €1,151 | +€1,151 | |
| Furniture and vehicles | 24 | - | €43,877 | +€43,877 | |
| Current assets | 29/58 | €109,232 | €359,334 | +€250,102 | +229.0% |
| Amounts receivable within one year | 40/41 | €86,818 | €301,478 | +€214,660 | +247.3% |
| Trade receivables | 40 | €79,638 | €267,264 | +€187,626 | +235.6% |
| Other amounts receivable | 41 | €7,180 | €34,214 | +€27,034 | +376.5% |
| Cash at bank and in hand | 54/58 | €22,414 | €57,856 | +€35,442 | +158.1% |
| Total equity and liabilities | 10/49 | €109,232 | €404,363 | +€295,131 | +270.2% |
| Equity | 10/15 | €25,202 | €107,484 | +€82,282 | +326.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,202 | €105,484 | +€82,282 | +354.6% |
| Amounts payable | 17/49 | €84,031 | €296,879 | +€212,849 | +253.3% |
| Amounts payable after more than one year | 17 | - | €34,184 | +€34,184 | |
| Financial debts | 170/4 | - | €34,184 | +€34,184 | |
| Amounts payable within one year | 42/48 | €84,031 | €262,696 | +€178,665 | +212.6% |
| Current portion of amounts payable after more than one year | 42 | - | €9,311 | +€9,311 | |
| Trade debts | 44 | €74,102 | €216,684 | +€142,582 | +192.4% |
| Suppliers | 440/4 | €74,102 | €216,684 | +€142,582 | +192.4% |
| Taxes, remuneration and social security | 45 | €8,088 | €36,701 | +€28,613 | +353.8% |
| Taxes | 450/3 | €4,634 | €26,646 | +€22,013 | +475.1% |
| Remuneration and social security | 454/9 | €3,455 | €10,054 | +€6,600 | +191.1% |
| Other amounts payable | 47/48 | €1,840 | - | -€1,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,198 | +€7,198 | |
| Other operating charges | 640/8 | €405 | €1,276 | +€871 | +214.9% |
| Gross operating margin | 9900 | €27,212 | €116,217 | +€89,005 | +327.1% |
| Operating profit (loss) | 9901 | €26,807 | €107,742 | +€80,936 | +301.9% |
| Financial income | 75/76B | €78 | €28 | -€50 | -64.3% |
| Recurring financial income | 75 | €78 | €28 | -€50 | -64.3% |
| Financial charges | 65/66B | €19 | €2,812 | +€2,794 | +14883.2% |
| Recurring financial charges | 65 | €19 | €2,812 | +€2,794 | +14883.2% |
| Profit (loss) for the period before taxes | 9903 | €26,866 | €104,958 | +€78,092 | +290.7% |
| Income taxes | 67/77 | €3,664 | €22,676 | +€19,012 | +518.9% |
| Profit (loss) for the period | 9904 | €23,202 | €82,282 | +€59,080 | +254.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,202 | €82,282 | +€59,080 | +254.6% |
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 8 October 2026 via checked.be.