M89: 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.
M89
Largest movements
- Cash +€5,084
up €5,084 (+53.1%), from €9,574 to €14,658
mainly Depreciation (+€4,396) and Net result for the year (+€4,139)
- Tangible fixed assets -€4,396
down €4,396 (-82.3%), from €5,341 to €945
of which Furniture and vehicles: -€3,761
- Receivables within one year +€3,833
up €3,833 (+316.8%), from €1,210 to €5,043
- Profit (loss) carried forward +€4,139
up €4,139 (+97.7%), from -€4,237 to -€98
- Tax, wage and social debts +€3,924
up €3,924 (+199.8%), from €1,964 to €5,888
of which Taxes: +€2,124
- Current portion of long-term debt -€3,686
down €3,686 (-100.0%), from €3,686 to €0
- Trade debts -€407
down €407 (-84.2%), from €484 to €77
- Other debts +€344
up €344 (+4.0%), from €8,543 to €8,887
- Gross operating margin +€19,207
up €19,207, from -€9,632 to €9,575
- Depreciation -€1,595
down €1,595 (-26.6%), from €5,991 to €4,396
- Financial charges -€249
down €249 (-51.2%), from €487 to €238
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 | €16,440 | €20,754 | +€4,314 | +26.2% |
| Fixed assets | 21/28 | €5,341 | €945 | -€4,396 | -82.3% |
| Tangible fixed assets | 22/27 | €5,341 | €945 | -€4,396 | -82.3% |
| Furniture and vehicles | 24 | €3,761 | €0 | -€3,761 | -100.0% |
| Other tangible fixed assets | 26 | €1,580 | €945 | -€635 | -40.2% |
| Current assets | 29/58 | €11,099 | €19,809 | +€8,710 | +78.5% |
| Amounts receivable within one year | 40/41 | €1,210 | €5,043 | +€3,833 | +316.8% |
| Trade receivables | 40 | €1,210 | €5,043 | +€3,833 | +316.8% |
| Cash at bank and in hand | 54/58 | €9,574 | €14,658 | +€5,084 | +53.1% |
| Deferred charges and accrued income | 490/1 | €315 | €108 | -€207 | -65.7% |
| Total equity and liabilities | 10/49 | €16,440 | €20,754 | +€4,314 | +26.2% |
| Equity | 10/15 | €1,763 | €5,902 | +€4,139 | +234.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€4,237 | -€98 | +€4,139 | +97.7% |
| Amounts payable | 17/49 | €14,677 | €14,852 | +€175 | +1.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,677 | €14,852 | +€175 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €3,686 | €0 | -€3,686 | -100.0% |
| Trade debts | 44 | €484 | €77 | -€407 | -84.2% |
| Suppliers | 440/4 | €484 | €77 | -€407 | -84.2% |
| Taxes, remuneration and social security | 45 | €1,964 | €5,888 | +€3,924 | +199.8% |
| Taxes | 450/3 | €1,964 | €4,088 | +€2,124 | +108.1% |
| Remuneration and social security | 454/9 | €0 | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €8,543 | €8,887 | +€344 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,991 | €4,396 | -€1,595 | -26.6% |
| Other operating charges | 640/8 | €843 | €815 | -€29 | -3.4% |
| Gross operating margin | 9900 | -€9,632 | €9,575 | +€19,207 | |
| Operating profit (loss) | 9901 | -€16,467 | €4,364 | +€20,831 | |
| Financial income | 75/76B | €1 | €12 | +€11 | +1125.7% |
| Recurring financial income | 75 | €1 | €12 | +€11 | +1125.7% |
| Financial charges | 65/66B | €487 | €238 | -€249 | -51.2% |
| Recurring financial charges | 65 | €487 | €238 | -€249 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,952 | €4,139 | +€21,091 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€16,952 | €4,139 | +€21,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,952 | €4,139 | +€21,091 |
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 11 October 2026 via checked.be.