ML FIREWORKS: 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 FIREWORKS
Largest movements
- Cash +€38,962
up €38,962 (+20.5%), from €189,956 to €228,918
mainly Depreciation (+€49,552) and Net result for the year (+€28,188)
- Stocks and contracts +€4,802
up €4,802 (+14.3%), from €33,556 to €38,357
- Reserves +€28,188
up €28,188 (+11.1%), from €253,722 to €281,910
- Trade debts -€11,494
down €11,494 (-25.5%), from €45,082 to €33,589
- Debts after one year +€10,768
up €10,768 (+18.7%), from €57,617 to €68,385
of which Financial debts: +€10,768
- Current portion of long-term debt +€8,156
up €8,156 (+39.0%), from €20,915 to €29,071
- Other debts +€8,107
up €8,107 (+42.4%), from €19,143 to €27,250
- Depreciation +€20,080
up €20,080 (+68.1%), from €29,472 to €49,552
- Gross operating margin +€5,055
up €5,055 (+3.5%), from €142,981 to €148,036
- Taxes -€4,414
down €4,414 (-24.0%), from €18,398 to €13,985
- Staff costs +€1,903
up €1,903 (+3.9%), from €48,686 to €50,589
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 | €426,082 | €474,182 | +€48,101 | +11.3% |
| Fixed assets | 21/28 | €173,482 | €177,196 | +€3,714 | +2.1% |
| Tangible fixed assets | 22/27 | €173,482 | €177,196 | +€3,714 | +2.1% |
| Land and buildings | 22 | €26,376 | €19,624 | -€6,752 | -25.6% |
| Plant, machinery and equipment | 23 | €35,272 | €63,719 | +€28,447 | +80.7% |
| Furniture and vehicles | 24 | €111,835 | €93,853 | -€17,981 | -16.1% |
| Current assets | 29/58 | €252,600 | €296,986 | +€44,387 | +17.6% |
| Stocks and contracts in progress | 3 | €33,556 | €38,357 | +€4,802 | +14.3% |
| Stocks | 30/36 | €33,556 | €38,357 | +€4,802 | +14.3% |
| Amounts receivable within one year | 40/41 | €25,158 | €24,080 | -€1,078 | -4.3% |
| Trade receivables | 40 | €9,638 | €10,531 | +€893 | +9.3% |
| Other amounts receivable | 41 | €15,520 | €13,549 | -€1,971 | -12.7% |
| Cash at bank and in hand | 54/58 | €189,956 | €228,918 | +€38,962 | +20.5% |
| Deferred charges and accrued income | 490/1 | €3,930 | €5,631 | +€1,701 | +43.3% |
| Total equity and liabilities | 10/49 | €426,082 | €474,182 | +€48,101 | +11.3% |
| Equity | 10/15 | €272,322 | €300,510 | +€28,188 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,722 | €281,910 | +€28,188 | +11.1% |
| Distributable reserves | 133 | €253,722 | €281,910 | +€28,188 | +11.1% |
| Amounts payable | 17/49 | €153,760 | €173,672 | +€19,913 | +13.0% |
| Amounts payable after more than one year | 17 | €57,617 | €68,385 | +€10,768 | +18.7% |
| Financial debts | 170/4 | - | €10,768 | +€10,768 | |
| Other amounts payable | 178/9 | €57,617 | €57,617 | = | 0.0% |
| Amounts payable within one year | 42/48 | €96,143 | €105,287 | +€9,145 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €20,915 | €29,071 | +€8,156 | +39.0% |
| Trade debts | 44 | €45,082 | €33,589 | -€11,494 | -25.5% |
| Suppliers | 440/4 | €45,082 | €33,589 | -€11,494 | -25.5% |
| Taxes, remuneration and social security | 45 | €11,003 | €15,378 | +€4,376 | +39.8% |
| Taxes | 450/3 | €1,614 | €8,113 | +€6,499 | +403% |
| Remuneration and social security | 454/9 | €9,388 | €7,265 | -€2,123 | -22.6% |
| Other amounts payable | 47/48 | €19,143 | €27,250 | +€8,107 | +42.4% |
| Non-recurring operating income | 76A | €5,842 | - | -€5,842 | |
| Remuneration, social security and pensions | 62 | €48,686 | €50,589 | +€1,903 | +3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,472 | €49,552 | +€20,080 | +68.1% |
| Other operating charges | 640/8 | €1,570 | €1,822 | +€252 | +16.0% |
| Non-recurring operating charges | 66A | €2,138 | - | -€2,138 | |
| Gross operating margin | 9900 | €142,981 | €148,036 | +€5,055 | +3.5% |
| Operating profit (loss) | 9901 | €61,115 | €46,073 | -€15,042 | -24.6% |
| Financial income | 75/76B | - | €167 | +€167 | |
| Recurring financial income | 75 | - | €167 | +€167 | |
| Financial charges | 65/66B | €2,834 | €4,067 | +€1,233 | +43.5% |
| Recurring financial charges | 65 | €2,834 | €4,067 | +€1,233 | +43.5% |
| Profit (loss) for the period before taxes | 9903 | €58,281 | €42,173 | -€16,108 | -27.6% |
| Income taxes | 67/77 | €18,398 | €13,985 | -€4,414 | -24.0% |
| Profit (loss) for the period | 9904 | €39,882 | €28,188 | -€11,694 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,882 | €28,188 | -€11,694 | -29.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.