ML&ML Immo: what changed
Two fiscal 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&ML Immo
Largest movements
- Receivables within one year +€77,239
up €77,239 (+127.7%), from €60,473 to €137,712
of which Other amounts receivable: +€82,262
- Tangible fixed assets -€41,872
down €41,872 (-17.9%), from €234,038 to €192,166
of which Plant, machinery and equipment: -€32,309
- Cash -€17,415
down €17,415 (-90.8%), from €19,173 to €1,758
mainly Receivables within one year (-€77,239) and Net result for the year (-€34,688)
- Other debts +€41,626
up €41,626 (+41.3%), from €100,683 to €142,309
- Profit (loss) carried forward -€35,910
down €35,910 (-182.9%), from -€19,635 to -€55,545
- Trade debts +€32,121
new in 2025: €32,121
- Debts after one year -€17,073
down €17,073 (-8.3%), from €204,600 to €187,527
- Gross operating margin -€20,214
down €20,214 (-75.8%), from €26,668 to €6,454
- Staff costs +€16,126
new in 2025: €16,126
- Other operating charges -€9,309
down €9,309 (-73.5%), from €12,673 to €3,364
- Depreciation -€4,906
down €4,906 (-28.5%), from €17,219 to €12,313
- Financial charges -€1,715
down €1,715 (-15.5%), from €11,054 to €9,339
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 | €313,684 | €331,886 | +€18,202 | +5.8% |
| Fixed assets | 21/28 | €234,038 | €192,416 | -€41,622 | -17.8% |
| Tangible fixed assets | 22/27 | €234,038 | €192,166 | -€41,872 | -17.9% |
| Land and buildings | 22 | €178,131 | €169,241 | -€8,890 | -5.0% |
| Plant, machinery and equipment | 23 | €55,008 | €22,699 | -€32,309 | -58.7% |
| Furniture and vehicles | 24 | €899 | €226 | -€673 | -74.9% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €79,646 | €139,470 | +€59,824 | +75.1% |
| Amounts receivable within one year | 40/41 | €60,473 | €137,712 | +€77,239 | +127.7% |
| Trade receivables | 40 | €34,127 | €29,104 | -€5,023 | -14.7% |
| Other amounts receivable | 41 | €26,346 | €108,608 | +€82,262 | +312.2% |
| Cash at bank and in hand | 54/58 | €19,173 | €1,758 | -€17,415 | -90.8% |
| Total equity and liabilities | 10/49 | €313,684 | €331,886 | +€18,202 | +5.8% |
| Equity | 10/15 | -€17,135 | -€53,045 | -€35,910 | -209.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,635 | -€55,545 | -€35,910 | -182.9% |
| Amounts payable | 17/49 | €330,819 | €384,931 | +€54,112 | +16.4% |
| Amounts payable after more than one year | 17 | €204,600 | €187,527 | -€17,073 | -8.3% |
| Financial debts | 170/4 | €204,600 | €187,527 | -€17,073 | -8.3% |
| Amounts payable within one year | 42/48 | €126,219 | €197,404 | +€71,185 | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €18,161 | €17,073 | -€1,088 | -6.0% |
| Trade debts | 44 | - | €32,121 | +€32,121 | |
| Suppliers | 440/4 | - | €32,121 | +€32,121 | |
| Taxes, remuneration and social security | 45 | €7,375 | €5,901 | -€1,474 | -20.0% |
| Taxes | 450/3 | €1,425 | €5,901 | +€4,476 | +314.1% |
| Remuneration and social security | 454/9 | €5,950 | - | -€5,950 | |
| Other amounts payable | 47/48 | €100,683 | €142,309 | +€41,626 | +41.3% |
| Remuneration, social security and pensions | 62 | - | €16,126 | +€16,126 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,219 | €12,313 | -€4,906 | -28.5% |
| Other operating charges | 640/8 | €12,673 | €3,364 | -€9,309 | -73.5% |
| Gross operating margin | 9900 | €26,668 | €6,454 | -€20,214 | -75.8% |
| Operating profit (loss) | 9901 | -€3,224 | -€25,349 | -€22,125 | -686.3% |
| Financial income | 75/76B | €768 | - | -€768 | |
| Recurring financial income | 75 | €768 | - | -€768 | |
| Financial charges | 65/66B | €11,054 | €9,339 | -€1,715 | -15.5% |
| Recurring financial charges | 65 | €11,054 | €9,339 | -€1,715 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,510 | -€34,688 | -€21,178 | -156.8% |
| Profit (loss) for the period | 9904 | -€13,510 | -€34,688 | -€21,178 | -156.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,510 | -€34,688 | -€21,178 | -156.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.