ML Projects - Solutions: 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 Projects - Solutions
Largest movements
- Tangible fixed assets -€39,928
down €39,928 (-7.4%), from €536,214 to €496,286
of which Leasing and similar rights: -€25,084
- Cash +€28,610
up €28,610 (+442.7%), from €6,463 to €35,073
mainly Other debts (+€40,044) and Depreciation (+€25,978)
- Receivables within one year +€9,649
up €9,649 (+26.3%), from €36,743 to €46,392
of which Trade receivables: +€10,423
- Other debts +€40,044
up €40,044 (+4449.3%), from €900 to €40,944
- Debts after one year -€34,174
down €34,174 (-7.4%), from €464,534 to €430,360
- Trade debts +€24,961
up €24,961 (+285.0%), from €8,759 to €33,720
- Reserves -€21,645
down €21,645 (-30.9%), from €70,150 to €48,504
- Depreciation -€13,004
down €13,004 (-33.4%), from €38,982 to €25,978
- Gross operating margin +€8,754
up €8,754 (+11.9%), from €73,395 to €82,149
- Taxes +€6,350
up €6,350 (+373.1%), from €1,702 to €8,052
- Financial charges +€2,460
up €2,460 (+12.7%), from €19,376 to €21,836
- Other operating charges +€1,853
up €1,853 (+30.2%), from €6,133 to €7,986
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 | €580,107 | €581,068 | +€961 | +0.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €536,214 | €496,286 | -€39,928 | -7.4% |
| Tangible fixed assets | 22/27 | €536,214 | €496,286 | -€39,928 | -7.4% |
| Land and buildings | 22 | €470,172 | €460,967 | -€9,205 | -2.0% |
| Plant, machinery and equipment | 23 | €7,074 | €4,727 | -€2,347 | -33.2% |
| Furniture and vehicles | 24 | €18,706 | €15,415 | -€3,291 | -17.6% |
| Leasing and similar rights | 25 | €40,262 | €15,178 | -€25,084 | -62.3% |
| Current assets | 29/58 | €43,893 | €84,782 | +€40,889 | +93.2% |
| Amounts receivable within one year | 40/41 | €36,743 | €46,392 | +€9,649 | +26.3% |
| Trade receivables | 40 | €20,001 | €30,423 | +€10,423 | +52.1% |
| Other amounts receivable | 41 | €16,743 | €15,969 | -€774 | -4.6% |
| Cash at bank and in hand | 54/58 | €6,463 | €35,073 | +€28,610 | +442.7% |
| Deferred charges and accrued income | 490/1 | €687 | €3,317 | +€2,630 | +382.9% |
| Total equity and liabilities | 10/49 | €580,107 | €581,068 | +€961 | +0.2% |
| Equity | 10/15 | €72,650 | €51,004 | -€21,645 | -29.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €70,150 | €48,504 | -€21,645 | -30.9% |
| Distributable reserves | 133 | €70,150 | €48,504 | -€21,645 | -30.9% |
| Amounts payable | 17/49 | €507,457 | €530,064 | +€22,607 | +4.5% |
| Amounts payable after more than one year | 17 | €464,534 | €430,360 | -€34,174 | -7.4% |
| Financial debts | 170/4 | €464,534 | €430,360 | -€34,174 | -7.4% |
| Amounts payable within one year | 42/48 | €41,445 | €99,703 | +€58,258 | +140.6% |
| Current portion of amounts payable after more than one year | 42 | €28,234 | €22,487 | -€5,747 | -20.4% |
| Trade debts | 44 | €8,759 | €33,720 | +€24,961 | +285.0% |
| Suppliers | 440/4 | €8,759 | €33,720 | +€24,961 | +285.0% |
| Taxes, remuneration and social security | 45 | €3,552 | €2,552 | -€1,000 | -28.2% |
| Taxes | 450/3 | €3,552 | €2,552 | -€1,000 | -28.2% |
| Other amounts payable | 47/48 | €900 | €40,944 | +€40,044 | +4449.3% |
| Accrued charges and deferred income | 492/3 | €1,478 | - | -€1,478 | |
| Non-recurring operating income | 76A | - | €4,530 | +€4,530 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,982 | €25,978 | -€13,004 | -33.4% |
| Other operating charges | 640/8 | €6,133 | €7,986 | +€1,853 | +30.2% |
| Non-recurring operating charges | 66A | €1,667 | - | -€1,667 | |
| Gross operating margin | 9900 | €73,395 | €82,149 | +€8,754 | +11.9% |
| Operating profit (loss) | 9901 | €26,613 | €48,185 | +€21,573 | +81.1% |
| Financial income | 75/76B | €61 | €701 | +€640 | +1042.8% |
| Recurring financial income | 75 | €61 | €701 | +€640 | +1042.8% |
| Financial charges | 65/66B | €19,376 | €21,836 | +€2,460 | +12.7% |
| Recurring financial charges | 65 | €19,376 | €21,836 | +€2,460 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €7,298 | €27,051 | +€19,753 | +270.7% |
| Income taxes | 67/77 | €1,702 | €8,052 | +€6,350 | +373.1% |
| Profit (loss) for the period | 9904 | €5,596 | €18,999 | +€13,403 | +239.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,596 | €18,999 | +€13,403 | +239.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.