ML PRIVILEGE: 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 PRIVILEGE
Largest movements
- Cash +€82,100
up €82,100 (+272.2%), from €30,166 to €112,266
mainly Other debts (+€58,871) and Net result for the year (+€21,785)
- Tangible fixed assets +€15,574
up €15,574 (+57681.5%), from €27 to €15,601
of which Furniture and vehicles: +€10,773
- Receivables within one year -€4,370
down €4,370 (-92.6%), from €4,718 to €348
of which Other amounts receivable: -€3,761
- Other debts +€58,871
up €58,871 (+634.0%), from €9,286 to €68,157
- Reserves +€21,785
up €21,785 (+1171.2%), from €1,860 to €23,645
of which Distributable reserves: +€21,785
- Tax, wage and social debts +€17,663
up €17,663 (+883.2%), from €2,000 to €19,663
- Profit (loss) carried forward -€5,000
down €5,000 (-53.5%), from €9,350 to €4,350
- Gross operating margin +€24,388
up €24,388 (+207.8%), from €11,738 to €36,126
- Taxes +€9,000
up €9,000 (+450.0%), from €2,000 to €11,000
- Depreciation +€910
up €910 (+100.2%), from €908 to €1,818
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 | €34,911 | €128,215 | +€93,304 | +267.3% |
| Fixed assets | 21/28 | €27 | €15,601 | +€15,574 | +57681.5% |
| Tangible fixed assets | 22/27 | €27 | €15,601 | +€15,574 | +57681.5% |
| Plant, machinery and equipment | 23 | €13 | €4,814 | +€4,801 | +36930.8% |
| Furniture and vehicles | 24 | €14 | €10,787 | +€10,773 | +76950.0% |
| Current assets | 29/58 | €34,884 | €112,614 | +€77,730 | +222.8% |
| Amounts receivable within one year | 40/41 | €4,718 | €348 | -€4,370 | -92.6% |
| Trade receivables | 40 | €675 | €66 | -€609 | -90.2% |
| Other amounts receivable | 41 | €4,043 | €282 | -€3,761 | -93.0% |
| Cash at bank and in hand | 54/58 | €30,166 | €112,266 | +€82,100 | +272.2% |
| Total equity and liabilities | 10/49 | €34,911 | €128,215 | +€93,304 | +267.3% |
| Equity | 10/15 | €23,610 | €40,395 | +€16,785 | +71.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €23,645 | +€21,785 | +1171.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €21,785 | +€21,785 | |
| Profit (loss) carried forward | 14 | €9,350 | €4,350 | -€5,000 | -53.5% |
| Amounts payable | 17/49 | €11,301 | €87,820 | +€76,519 | +677.1% |
| Amounts payable within one year | 42/48 | €11,301 | €87,820 | +€76,519 | +677.1% |
| Trade debts | 44 | €15 | - | -€15 | |
| Suppliers | 440/4 | €15 | - | -€15 | |
| Taxes, remuneration and social security | 45 | €2,000 | €19,663 | +€17,663 | +883.2% |
| Taxes | 450/3 | €2,000 | €19,663 | +€17,663 | +883.2% |
| Other amounts payable | 47/48 | €9,286 | €68,157 | +€58,871 | +634.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €908 | €1,818 | +€910 | +100.2% |
| Other operating charges | 640/8 | €969 | €1,238 | +€269 | +27.8% |
| Gross operating margin | 9900 | €11,738 | €36,126 | +€24,388 | +207.8% |
| Operating profit (loss) | 9901 | €9,861 | €33,070 | +€23,209 | +235.4% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €570 | €285 | -€285 | -50.0% |
| Recurring financial charges | 65 | €318 | €222 | -€96 | -30.2% |
| Non-recurring financial charges | 66B | €252 | €63 | -€189 | -75.0% |
| Profit (loss) for the period before taxes | 9903 | €9,312 | €32,785 | +€23,473 | +252.1% |
| Income taxes | 67/77 | €2,000 | €11,000 | +€9,000 | +450.0% |
| Profit (loss) for the period | 9904 | €7,312 | €21,785 | +€14,473 | +197.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,312 | €21,785 | +€14,473 | +197.9% |
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.