ML ADVISING: 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.
ML ADVISING
Largest movements
- Cash +€7,971
up €7,971 (+306.8%), from €2,598 to €10,568
mainly Net result for the year (+€32,832) and Tax, wage and social debts (+€8,459)
- Receivables within one year -€6,917
down €6,917 (-15.0%), from €46,086 to €39,170
of which Trade receivables: -€16,418
- Tax, wage and social debts +€8,459
up €8,459 (+233.5%), from €3,623 to €12,081
- Other debts -€6,630
down €6,630 (-15.5%), from €42,911 to €36,281
- Gross operating margin +€43,705
up €43,705 (+892.1%), from €4,899 to €48,604
- Taxes +€10,351
new in 2025: €10,351
- Financial charges +€1,611
up €1,611 (+132.6%), from €1,216 to €2,827
- Other operating charges +€823
up €823 (+148.2%), from €556 to €1,379
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 | €51,968 | €53,687 | +€1,719 | +3.3% |
| Fixed assets | 21/28 | €2,387 | €2,596 | +€208 | +8.7% |
| Tangible fixed assets | 22/27 | €2,387 | €2,596 | +€208 | +8.7% |
| Furniture and vehicles | 24 | €2,387 | €2,596 | +€208 | +8.7% |
| Current assets | 29/58 | €49,581 | €51,091 | +€1,511 | +3.0% |
| Amounts receivable within one year | 40/41 | €46,086 | €39,170 | -€6,917 | -15.0% |
| Trade receivables | 40 | €43,086 | €26,668 | -€16,418 | -38.1% |
| Other amounts receivable | 41 | €3,000 | €12,501 | +€9,501 | +316.7% |
| Cash at bank and in hand | 54/58 | €2,598 | €10,568 | +€7,971 | +306.8% |
| Deferred charges and accrued income | 490/1 | €897 | €1,353 | +€457 | +51.0% |
| Total equity and liabilities | 10/49 | €51,968 | €53,687 | +€1,719 | +3.3% |
| Equity | 10/15 | €5,325 | €5,325 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €325 | €325 | = | 0.0% |
| Distributable reserves | 133 | €325 | €325 | = | 0.0% |
| Amounts payable | 17/49 | €46,643 | €48,362 | +€1,719 | +3.7% |
| Amounts payable within one year | 42/48 | €46,643 | €48,362 | +€1,719 | +3.7% |
| Trade debts | 44 | €109 | - | -€109 | |
| Suppliers | 440/4 | €109 | - | -€109 | |
| Taxes, remuneration and social security | 45 | €3,623 | €12,081 | +€8,459 | +233.5% |
| Taxes | 450/3 | €3,623 | €12,081 | +€8,459 | +233.5% |
| Other amounts payable | 47/48 | €42,911 | €36,281 | -€6,630 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €1,221 | -€161 | -11.7% |
| Other operating charges | 640/8 | €556 | €1,379 | +€823 | +148.2% |
| Non-recurring operating charges | 66A | €1,421 | - | -€1,421 | |
| Gross operating margin | 9900 | €4,899 | €48,604 | +€43,705 | +892.1% |
| Operating profit (loss) | 9901 | €1,540 | €46,004 | +€44,464 | +2886.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,216 | €2,827 | +€1,611 | +132.6% |
| Recurring financial charges | 65 | €1,216 | €2,827 | +€1,611 | +132.6% |
| Profit (loss) for the period before taxes | 9903 | €325 | €43,184 | +€42,859 | +13197.5% |
| Income taxes | 67/77 | - | €10,351 | +€10,351 | |
| Profit (loss) for the period | 9904 | €325 | €32,832 | +€32,508 | +10010.1% |
| Profit (loss) for the period to be appropriated | 9905 | €325 | €32,832 | +€32,508 | +10010.1% |
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 12 October 2026 via checked.be.