ML 16: 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.
ML 16
Largest movements
- Tangible fixed assets -€11,932
down €11,932 (-3.2%), from €376,330 to €364,398
- Debts after one year -€22,612
down €22,612 (-28.8%), from €78,539 to €55,927
- Other debts +€6,536
up €6,536 (+3.7%), from €175,537 to €182,072
- Gross operating margin -€1,800
down €1,800 (-9.1%), from €19,687 to €17,886
- Taxes +€836
up €836 (+354.4%), from €236 to €1,071
- Other operating charges +€402
up €402 (+177.8%), from €226 to €628
- Financial charges -€300
down €300 (-18.6%), from €1,612 to €1,312
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 | €378,099 | €365,491 | -€12,608 | -3.3% |
| Fixed assets | 21/28 | €376,330 | €364,398 | -€11,932 | -3.2% |
| Tangible fixed assets | 22/27 | €376,330 | €364,398 | -€11,932 | -3.2% |
| Land and buildings | 22 | €376,330 | €364,398 | -€11,932 | -3.2% |
| Current assets | 29/58 | €1,769 | €1,093 | -€676 | -38.2% |
| Amounts receivable within one year | 40/41 | - | €850 | +€850 | |
| Other amounts receivable | 41 | - | €850 | +€850 | |
| Cash at bank and in hand | 54/58 | €1,769 | €243 | -€1,526 | -86.3% |
| Total equity and liabilities | 10/49 | €378,099 | €365,491 | -€12,608 | -3.3% |
| Equity | 10/15 | €100,629 | €103,573 | +€2,943 | +2.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €629 | €3,573 | +€2,943 | +467.6% |
| Distributable reserves | 133 | €629 | €3,573 | +€2,943 | +467.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €277,470 | €261,919 | -€15,551 | -5.6% |
| Amounts payable after more than one year | 17 | €78,539 | €55,927 | -€22,612 | -28.8% |
| Financial debts | 170/4 | €78,539 | €55,927 | -€22,612 | -28.8% |
| Amounts payable within one year | 42/48 | €198,081 | €205,992 | +€7,911 | +4.0% |
| Current portion of amounts payable after more than one year | 42 | €22,308 | €22,612 | +€304 | +1.4% |
| Taxes, remuneration and social security | 45 | €236 | €1,307 | +€1,071 | +454.4% |
| Taxes | 450/3 | €236 | €1,307 | +€1,071 | +454.4% |
| Other amounts payable | 47/48 | €175,537 | €182,072 | +€6,536 | +3.7% |
| Accrued charges and deferred income | 492/3 | €850 | €0 | -€850 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,932 | €11,932 | = | 0.0% |
| Other operating charges | 640/8 | €226 | €628 | +€402 | +177.8% |
| Gross operating margin | 9900 | €19,687 | €17,886 | -€1,800 | -9.1% |
| Operating profit (loss) | 9901 | €7,529 | €5,326 | -€2,202 | -29.3% |
| Financial charges | 65/66B | €1,612 | €1,312 | -€300 | -18.6% |
| Recurring financial charges | 65 | €1,612 | €1,312 | -€300 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €5,917 | €4,015 | -€1,902 | -32.1% |
| Income taxes | 67/77 | €236 | €1,071 | +€836 | +354.4% |
| Profit (loss) for the period | 9904 | €5,681 | €2,943 | -€2,738 | -48.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,681 | €2,943 | -€2,738 | -48.2% |
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 3 October 2026 via checked.be.