ML INVEST: 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 INVEST
Largest movements
- Deferred charges and accrued income -€799,696
down €799,696 (-99.8%), from €800,906 to €1,209
- Receivables within one year +€206,839
up €206,839 (+56.1%), from €368,433 to €575,272
of which Other amounts receivable: +€163,579
- Profit (loss) carried forward -€488,215
down €488,215 (-16.7%), from €2.9m to €2.4m
- Current portion of long-term debt -€51,600
down €51,600 (-63.1%), from €81,763 to €30,163
- Financial income -€799,630
down €799,630 (-100.0%), from €800,000 to €370
- Gross operating margin +€23,557
up €23,557 (+15.4%), from €153,088 to €176,645
- Taxes +€7,832
up €7,832 (+34.0%), from €23,014 to €30,846
- Financial charges -€7,619
down €7,619 (-18.3%), from €41,632 to €34,013
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 | €4,395,053 | €3,841,961 | -€553,093 | -12.6% |
| Fixed assets | 21/28 | €3,167,746 | €3,167,400 | -€345 | 0.0% |
| Tangible fixed assets | 22/27 | €2,683 | €2,337 | -€345 | -12.9% |
| Furniture and vehicles | 24 | €2,683 | €2,337 | -€345 | -12.9% |
| Financial fixed assets | 28 | €3,165,063 | €3,165,063 | = | 0.0% |
| Current assets | 29/58 | €1,227,308 | €674,560 | -€552,747 | -45.0% |
| Amounts receivable within one year | 40/41 | €368,433 | €575,272 | +€206,839 | +56.1% |
| Trade receivables | 40 | €18,150 | €61,410 | +€43,260 | +238% |
| Other amounts receivable | 41 | €350,283 | €513,862 | +€163,579 | +46.7% |
| Cash at bank and in hand | 54/58 | €57,969 | €98,079 | +€40,110 | +69.2% |
| Deferred charges and accrued income | 490/1 | €800,906 | €1,209 | -€799,696 | -99.8% |
| Total equity and liabilities | 10/49 | €4,395,053 | €3,841,961 | -€553,093 | -12.6% |
| Equity | 10/15 | €3,148,902 | €2,660,688 | -€488,215 | -15.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €125,400 | €125,400 | = | 0.0% |
| Distributable reserves | 133 | €125,400 | €125,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,923,502 | €2,435,288 | -€488,215 | -16.7% |
| Amounts payable | 17/49 | €1,246,151 | €1,181,273 | -€64,878 | -5.2% |
| Amounts payable after more than one year | 17 | €142,501 | €112,338 | -€30,163 | -21.2% |
| Financial debts | 170/4 | €142,501 | €112,338 | -€30,163 | -21.2% |
| Amounts payable within one year | 42/48 | €1,103,650 | €1,068,826 | -€34,824 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €81,763 | €30,163 | -€51,600 | -63.1% |
| Trade debts | 44 | €146 | €170 | +€24 | +16.2% |
| Suppliers | 440/4 | €146 | €170 | +€24 | +16.2% |
| Taxes, remuneration and social security | 45 | €22,078 | €25,730 | +€3,652 | +16.5% |
| Taxes | 450/3 | €22,078 | €25,730 | +€3,652 | +16.5% |
| Other amounts payable | 47/48 | €999,662 | €1,012,764 | +€13,101 | +1.3% |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Non-recurring operating income | 76A | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | -€220 | - | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €345 | = | 0.0% |
| Other operating charges | 640/8 | €25 | €25 | -€0 | -1.5% |
| Gross operating margin | 9900 | €153,088 | €176,645 | +€23,557 | +15.4% |
| Operating profit (loss) | 9901 | €152,937 | €176,274 | +€23,337 | +15.3% |
| Financial income | 75/76B | €800,000 | €370 | -€799,630 | -100.0% |
| Recurring financial income | 75 | €800,000 | €370 | -€799,630 | -100.0% |
| Financial charges | 65/66B | €41,632 | €34,013 | -€7,619 | -18.3% |
| Recurring financial charges | 65 | €41,632 | €34,013 | -€7,619 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €911,305 | €142,631 | -€768,674 | -84.3% |
| Income taxes | 67/77 | €23,014 | €30,846 | +€7,832 | +34.0% |
| Profit (loss) for the period | 9904 | €888,291 | €111,785 | -€776,505 | -87.4% |
| Profit (loss) for the period to be appropriated | 9905 | €888,291 | €111,785 | -€776,505 | -87.4% |
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 30 October 2026 via checked.be.