ML COMPANIE: 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 COMPANIE
Largest movements
- Cash +€403,176
up €403,176 (+321%), from €125,446 to €528,622
mainly Net result for the year (+€356,070) and Depreciation (+€124,154)
- Tangible fixed assets -€93,399
down €93,399 (-4.7%), from €2.0m to €1.9m
of which Land and buildings: -€80,749
- Reserves +€356,070
up €356,070 (+145%), from €246,326 to €602,396
of which Distributable reserves: +€356,070
- Other debts -€187,902
down €187,902 (-29.4%), from €638,420 to €450,518
- Debts after one year +€121,604
up €121,604 (+40.2%), from €302,855 to €424,459
- Tax, wage and social debts +€33,205
up €33,205 (+1,382%), from €2,402 to €35,607
- Financial income +€384,750
new in 2025: €384,750
of which Financial income: +€384,750
- Gross operating margin +€41,522
up €41,522 (+30.1%), from €137,878 to €179,401
- Taxes +€35,607
new in 2025: €35,607
- Other operating charges +€3,853
up €3,853 (+23.2%), from €16,627 to €20,480
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.
Derived cash bridge
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 | €2,814,340 | €3,142,660 | +€328,320 | +11.7% |
| Fixed assets | 21/28 | €2,676,226 | €2,582,827 | -€93,399 | -3.5% |
| Tangible fixed assets | 22/27 | €1,986,951 | €1,893,552 | -€93,399 | -4.7% |
| Land and buildings | 22 | €1,949,540 | €1,868,791 | -€80,749 | -4.1% |
| Furniture and vehicles | 24 | €239 | €100 | -€140 | -58.4% |
| Other tangible fixed assets | 26 | €37,171 | €24,661 | -€12,510 | -33.7% |
| Financial fixed assets | 28 | €689,275 | €689,275 | = | 0.0% |
| Current assets | 29/58 | €138,114 | €559,834 | +€421,719 | +305% |
| Amounts receivable within one year | 40/41 | €10,407 | €28,879 | +€18,472 | +178% |
| Trade receivables | 40 | €8,992 | €27,464 | +€18,472 | +205% |
| Other amounts receivable | 41 | €1,415 | €1,415 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,446 | €528,622 | +€403,176 | +321% |
| Deferred charges and accrued income | 490/1 | €2,262 | €2,333 | +€71 | +3.1% |
| Total equity and liabilities | 10/49 | €2,814,340 | €3,142,660 | +€328,320 | +11.7% |
| Equity | 10/15 | €1,784,365 | €2,140,435 | +€356,070 | +20.0% |
| Contributions | 10/11 | €414,600 | €414,600 | = | 0.0% |
| Reserves | 13 | €246,326 | €602,396 | +€356,070 | +145% |
| Non-distributable reserves | 130/1 | €41,460 | €41,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €41,460 | €41,460 | = | 0.0% |
| Distributable reserves | 133 | €204,866 | €560,936 | +€356,070 | +174% |
| Profit (loss) carried forward | 14 | €1,123,439 | €1,123,439 | = | 0.0% |
| Amounts payable | 17/49 | €1,029,975 | €1,002,226 | -€27,750 | -2.7% |
| Amounts payable after more than one year | 17 | €302,855 | €424,459 | +€121,604 | +40.2% |
| Financial debts | 170/4 | €302,855 | €424,459 | +€121,604 | +40.2% |
| Amounts payable within one year | 42/48 | €727,120 | €577,767 | -€149,353 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €82,794 | €86,687 | +€3,893 | +4.7% |
| Trade debts | 44 | €3,505 | €4,955 | +€1,450 | +41.4% |
| Suppliers | 440/4 | €3,505 | €4,955 | +€1,450 | +41.4% |
| Taxes, remuneration and social security | 45 | €2,402 | €35,607 | +€33,205 | +1,382% |
| Taxes | 450/3 | €2,402 | €35,607 | +€33,205 | +1,382% |
| Other amounts payable | 47/48 | €638,420 | €450,518 | -€187,902 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,798 | €124,154 | +€355 | +0.3% |
| Other operating charges | 640/8 | €16,627 | €20,480 | +€3,853 | +23.2% |
| Non-recurring operating charges | 66A | - | €13,535 | +€13,535 | |
| Gross operating margin | 9900 | €137,878 | €179,401 | +€41,522 | +30.1% |
| Operating profit (loss) | 9901 | -€2,547 | €21,232 | +€23,779 | |
| Financial income | 75/76B | - | €384,750 | +€384,750 | |
| Recurring financial income | 75 | - | €384,750 | +€384,750 | |
| Non-recurring financial income | 76B | - | €384,750 | +€384,750 | |
| Financial charges | 65/66B | €14,548 | €14,305 | -€242 | -1.7% |
| Recurring financial charges | 65 | €14,548 | €14,305 | -€242 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,095 | €391,677 | +€408,772 | |
| Income taxes | 67/77 | - | €35,607 | +€35,607 | |
| Profit (loss) for the period | 9904 | -€17,095 | €356,070 | +€373,165 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,095 | €356,070 | +€373,165 |
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 13 October 2026 via checked.be.