ML SUPPORT: 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 SUPPORT
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+31.6%), from €4.4m to €5.8m
of which Land and buildings: +€1.3m
- Cash -€752,451
down €752,451 (-97.2%), from €774,277 to €21,826
mainly Investment in fixed assets (net) (-€1.6m) and Debts after one year (-€245,321)
- Profit (loss) carried forward +€661,796
up €661,796 (+38.4%), from €1.7m to €2.4m
- Other debts +€486,543
up €486,543 (+232%), from €210,000 to €696,543
- Debts after one year -€245,321
down €245,321 (-99.1%), from €247,571 to €2,250
of which Financial debts: -€245,321
- Trade debts -€161,404
down €161,404 (-70.0%), from €230,730 to €69,326
- Reserves -€72,297
down €72,297 (-4.6%), from €1.6m to €1.5m
of which Tax-exempt reserves: -€72,297
- Gross operating margin -€1.5m
down €1.5m (-56.6%), from €2.6m to €1.1m
- Financial income -€506,588
down €506,588 (-99.8%), from €507,547 to €958
of which Non-recurring financial income: -€506,000
- Depreciation +€93,389
up €93,389 (+79.6%), from €117,302 to €210,691
- Taxes +€88,177
up €88,177 (+62.1%), from €141,879 to €230,056
- Financial charges -€59,078
down €59,078 (-53.1%), from €111,167 to €52,090
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 | €5,343,502 | €5,951,159 | +€607,657 | +11.4% |
| Fixed assets | 21/28 | €4,421,002 | €5,816,371 | +€1.4m | +31.6% |
| Tangible fixed assets | 22/27 | €4,418,425 | €5,813,794 | +€1.4m | +31.6% |
| Land and buildings | 22 | €3,480,528 | €4,827,022 | +€1.3m | +38.7% |
| Plant, machinery and equipment | 23 | €627 | €425 | -€203 | -32.3% |
| Furniture and vehicles | 24 | €66,796 | €98,776 | +€31,979 | +47.9% |
| Other tangible fixed assets | 26 | €870,474 | €887,571 | +€17,097 | +2.0% |
| Financial fixed assets | 28 | €2,577 | €2,577 | = | 0.0% |
| Current assets | 29/58 | €922,499 | €134,788 | -€787,711 | -85.4% |
| Amounts receivable within one year | 40/41 | €146,648 | €108,592 | -€38,056 | -26.0% |
| Trade receivables | 40 | €133,288 | €90,750 | -€42,538 | -31.9% |
| Other amounts receivable | 41 | €13,360 | €17,842 | +€4,481 | +33.5% |
| Cash at bank and in hand | 54/58 | €774,277 | €21,826 | -€752,451 | -97.2% |
| Deferred charges and accrued income | 490/1 | €1,575 | €4,371 | +€2,796 | +178% |
| Total equity and liabilities | 10/49 | €5,343,502 | €5,951,159 | +€607,657 | +11.4% |
| Equity | 10/15 | €3,883,172 | €4,472,670 | +€589,499 | +15.2% |
| Contributions | 10/11 | €593,592 | €593,592 | = | 0.0% |
| Reserves | 13 | €1,564,606 | €1,492,309 | -€72,297 | -4.6% |
| Non-distributable reserves | 130/1 | €24,359 | €24,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,359 | €24,359 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,526,808 | €1,454,511 | -€72,297 | -4.7% |
| Distributable reserves | 133 | €13,439 | €13,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,724,973 | €2,386,769 | +€661,796 | +38.4% |
| Provisions and deferred taxes | 16 | €508,780 | €484,681 | -€24,099 | -4.7% |
| Deferred taxes | 168 | €508,780 | €484,681 | -€24,099 | -4.7% |
| Amounts payable | 17/49 | €951,550 | €993,807 | +€42,258 | +4.4% |
| Amounts payable after more than one year | 17 | €247,571 | €2,250 | -€245,321 | -99.1% |
| Financial debts | 170/4 | €245,321 | €0 | -€245,321 | -100% |
| Other amounts payable | 178/9 | €2,250 | €2,250 | = | 0.0% |
| Amounts payable within one year | 42/48 | €643,923 | €946,096 | +€302,173 | +46.9% |
| Current portion of amounts payable after more than one year | 42 | €150,230 | €113,289 | -€36,941 | -24.6% |
| Trade debts | 44 | €230,730 | €69,326 | -€161,404 | -70.0% |
| Suppliers | 440/4 | €230,730 | €69,326 | -€161,404 | -70.0% |
| Taxes, remuneration and social security | 45 | €52,963 | €66,938 | +€13,975 | +26.4% |
| Taxes | 450/3 | €50,154 | €61,097 | +€10,943 | +21.8% |
| Remuneration and social security | 454/9 | €2,809 | €5,840 | +€3,031 | +108% |
| Other amounts payable | 47/48 | €210,000 | €696,543 | +€486,543 | +232% |
| Accrued charges and deferred income | 492/3 | €60,055 | €45,461 | -€14,594 | -24.3% |
| Non-recurring operating income | 76A | €1,855,274 | €0 | -€1.9m | -100% |
| Remuneration, social security and pensions | 62 | €25,317 | €64,467 | +€39,150 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,302 | €210,691 | +€93,389 | +79.6% |
| Other operating charges | 640/8 | €5,895 | €10,409 | +€4,513 | +76.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €2,607,789 | €1,132,154 | -€1.5m | -56.6% |
| Operating profit (loss) | 9901 | €2,459,275 | €846,587 | -€1.6m | -65.6% |
| Financial income | 75/76B | €507,547 | €958 | -€506,588 | -99.8% |
| Recurring financial income | 75 | €1,547 | €958 | -€588 | -38.0% |
| Non-recurring financial income | 76B | €506,000 | €0 | -€506,000 | -100% |
| Financial charges | 65/66B | €111,167 | €52,090 | -€59,078 | -53.1% |
| Recurring financial charges | 65 | €111,167 | €52,090 | -€59,078 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €2,855,654 | €795,456 | -€2.1m | -72.1% |
| Transfer from deferred taxes | 780 | €14,091 | €24,099 | +€10,008 | +71.0% |
| Transfer to deferred taxes | 680 | €463,818 | €0 | -€463,818 | -100% |
| Income taxes | 67/77 | €141,879 | €230,056 | +€88,177 | +62.1% |
| Profit (loss) for the period | 9904 | €2,264,048 | €589,499 | -€1.7m | -74.0% |
| Transfer from tax-exempt reserves | 789 | €42,273 | €72,297 | +€30,024 | +71.0% |
| Transfer to tax-exempt reserves | 689 | €1,391,455 | €0 | -€1.4m | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €914,866 | €661,796 | -€253,070 | -27.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.