M70: 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.
M70
Largest movements
- Current investments +€40,708
up €40,708 (+455.0%), from €8,947 to €49,655
- Tangible fixed assets -€17,557
down €17,557 (-6.1%), from €287,542 to €269,985
of which Land and buildings: -€17,838
- Receivables after one year -€9,325
down €9,325 (-23.3%), from €40,000 to €30,675
- Cash +€7,985
up €7,985 (+38.9%), from €20,551 to €28,536
mainly Net result for the year (+€36,473) and Depreciation (+€19,540)
- Reserves +€36,473
up €36,473 (+216.3%), from €16,861 to €53,334
- Debts after one year -€17,977
down €17,977 (-7.1%), from €254,192 to €236,214
of which Financial debts: -€17,977
- Tax, wage and social debts +€11,349
up €11,349 (+55.9%), from €20,286 to €31,635
- Trade debts -€5,291
down €5,291 (-82.8%), from €6,391 to €1,099
- Gross operating margin +€29,316
up €29,316 (+59.5%), from €49,274 to €78,590
- Taxes +€11,074
up €11,074 (+139.4%), from €7,943 to €19,018
- Financial charges -€1,780
down €1,780 (-33.3%), from €5,339 to €3,560
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 | €357,207 | €381,368 | +€24,161 | +6.8% |
| Fixed assets | 21/28 | €287,542 | €269,985 | -€17,557 | -6.1% |
| Tangible fixed assets | 22/27 | €287,542 | €269,985 | -€17,557 | -6.1% |
| Land and buildings | 22 | €284,231 | €266,393 | -€17,838 | -6.3% |
| Plant, machinery and equipment | 23 | €1,456 | €1,953 | +€497 | +34.2% |
| Furniture and vehicles | 24 | €1,855 | €1,638 | -€216 | -11.7% |
| Current assets | 29/58 | €69,665 | €111,383 | +€41,718 | +59.9% |
| Amounts receivable after more than one year | 29 | €40,000 | €30,675 | -€9,325 | -23.3% |
| Other amounts receivable | 291 | €40,000 | €30,675 | -€9,325 | -23.3% |
| Amounts receivable within one year | 40/41 | €167 | €2,448 | +€2,281 | +1366.5% |
| Trade receivables | 40 | €167 | €2,448 | +€2,281 | +1366.5% |
| Current investments | 50/53 | €8,947 | €49,655 | +€40,708 | +455.0% |
| Cash at bank and in hand | 54/58 | €20,551 | €28,536 | +€7,985 | +38.9% |
| Deferred charges and accrued income | 490/1 | - | €70 | +€70 | |
| Total equity and liabilities | 10/49 | €357,207 | €381,368 | +€24,161 | +6.8% |
| Equity | 10/15 | €34,508 | €70,981 | +€36,473 | +105.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €16,861 | €53,334 | +€36,473 | +216.3% |
| Distributable reserves | 133 | €16,861 | €53,334 | +€36,473 | +216.3% |
| Profit (loss) carried forward | 14 | €16,647 | €16,647 | = | 0.0% |
| Amounts payable | 17/49 | €322,699 | €310,387 | -€12,312 | -3.8% |
| Amounts payable after more than one year | 17 | €254,192 | €236,214 | -€17,977 | -7.1% |
| Financial debts | 170/4 | €253,760 | €235,782 | -€17,977 | -7.1% |
| Other amounts payable | 178/9 | €432 | €432 | = | 0.0% |
| Amounts payable within one year | 42/48 | €68,379 | €74,045 | +€5,666 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €17,763 | €17,977 | +€214 | +1.2% |
| Financial debts | 43 | €607 | - | -€607 | |
| Credit institutions | 430/8 | €607 | - | -€607 | |
| Trade debts | 44 | €6,391 | €1,099 | -€5,291 | -82.8% |
| Suppliers | 440/4 | €6,391 | €1,099 | -€5,291 | -82.8% |
| Taxes, remuneration and social security | 45 | €20,286 | €31,635 | +€11,349 | +55.9% |
| Taxes | 450/3 | €20,286 | €31,635 | +€11,349 | +55.9% |
| Other amounts payable | 47/48 | €23,333 | €23,333 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €128 | €128 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,130 | €19,540 | +€410 | +2.1% |
| Gross operating margin | 9900 | €49,274 | €78,590 | +€29,316 | +59.5% |
| Operating profit (loss) | 9901 | €30,144 | €59,050 | +€28,906 | +95.9% |
| Financial charges | 65/66B | €5,339 | €3,560 | -€1,780 | -33.3% |
| Recurring financial charges | 65 | €5,339 | €3,560 | -€1,780 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €24,805 | €55,491 | +€30,686 | +123.7% |
| Income taxes | 67/77 | €7,943 | €19,018 | +€11,074 | +139.4% |
| Profit (loss) for the period | 9904 | €16,861 | €36,473 | +€19,612 | +116.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,861 | €36,473 | +€19,612 | +116.3% |
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 9 October 2026 via checked.be.