ML Concepts: 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 Concepts
Largest movements
- Tangible fixed assets -€112,378
down €112,378 (-6.8%), from €1.7m to €1.5m
of which Land and buildings: -€112,378
- Debts after one year -€200,281
down €200,281 (-14.7%), from €1.4m to €1.2m
- Profit (loss) carried forward +€51,980
up €51,980, from -€51,980 to €0
- Reserves +€21,013
up €21,013 (+15.7%), from €134,221 to €155,234
of which Distributable reserves: +€21,013
- Other operating charges +€12,349
up €12,349 (+134%), from €9,209 to €21,558
- Gross operating margin +€7,612
up €7,612 (+3.3%), from €229,646 to €237,259
- Taxes +€7,189
new in 2025: €7,189
- Financial charges -€4,021
down €4,021 (-14.8%), from €27,162 to €23,140
- Depreciation -€2,416
down €2,416 (-2.1%), from €114,794 to €112,378
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 | €1,712,000 | €1,597,880 | -€114,120 | -6.7% |
| Fixed assets | 21/28 | €1,662,237 | €1,549,859 | -€112,378 | -6.8% |
| Tangible fixed assets | 22/27 | €1,662,237 | €1,549,859 | -€112,378 | -6.8% |
| Land and buildings | 22 | €1,662,237 | €1,549,859 | -€112,378 | -6.8% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €49,763 | €48,021 | -€1,742 | -3.5% |
| Amounts receivable within one year | 40/41 | €4,872 | €311 | -€4,561 | -93.6% |
| Other amounts receivable | 41 | €4,872 | €311 | -€4,561 | -93.6% |
| Cash at bank and in hand | 54/58 | €44,891 | €47,710 | +€2,818 | +6.3% |
| Total equity and liabilities | 10/49 | €1,712,000 | €1,597,880 | -€114,120 | -6.7% |
| Equity | 10/15 | €137,698 | €210,692 | +€72,993 | +53.0% |
| Contributions | 10/11 | €55,458 | €55,458 | = | 0.0% |
| Reserves | 13 | €134,221 | €155,234 | +€21,013 | +15.7% |
| Non-distributable reserves | 130/1 | €546 | €546 | = | 0.0% |
| Reserves not available under the articles | 1311 | €546 | €546 | = | 0.0% |
| Distributable reserves | 133 | €133,675 | €154,688 | +€21,013 | +15.7% |
| Profit (loss) carried forward | 14 | -€51,980 | €0 | +€51,980 | |
| Amounts payable | 17/49 | €1,574,302 | €1,387,188 | -€187,114 | -11.9% |
| Amounts payable after more than one year | 17 | €1,360,025 | €1,159,744 | -€200,281 | -14.7% |
| Financial debts | 170/4 | €1,360,025 | €1,159,744 | -€200,281 | -14.7% |
| Amounts payable within one year | 42/48 | €214,277 | €213,066 | -€1,211 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €195,842 | €200,281 | +€4,439 | +2.3% |
| Trade debts | 44 | €5,873 | €0 | -€5,873 | -100% |
| Suppliers | 440/4 | €5,873 | €0 | -€5,873 | -100% |
| Taxes, remuneration and social security | 45 | €12,562 | €12,786 | +€223 | +1.8% |
| Taxes | 450/3 | €12,562 | €12,786 | +€223 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €14,378 | +€14,378 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,794 | €112,378 | -€2,416 | -2.1% |
| Other operating charges | 640/8 | €9,209 | €21,558 | +€12,349 | +134% |
| Gross operating margin | 9900 | €229,646 | €237,259 | +€7,612 | +3.3% |
| Operating profit (loss) | 9901 | €105,644 | €103,323 | -€2,321 | -2.2% |
| Financial charges | 65/66B | €27,162 | €23,140 | -€4,021 | -14.8% |
| Recurring financial charges | 65 | €27,162 | €23,140 | -€4,021 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €78,482 | €80,182 | +€1,700 | +2.2% |
| Income taxes | 67/77 | - | €7,189 | +€7,189 | |
| Profit (loss) for the period | 9904 | €78,482 | €72,993 | -€5,489 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,482 | €72,993 | -€5,489 | -7.0% |
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 22 October 2026 via checked.be.