ML WAY: 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 WAY
Largest movements
- Receivables within one year -€5,320
down €5,320 (-31.4%), from €16,923 to €11,603
of which Trade receivables: -€3,293
- Deferred charges and accrued income -€705
down €705 (-49.0%), from €1,440 to €735
- Profit (loss) carried forward -€10,878
down €10,878 (-95.6%), from -€11,374 to -€22,252
- Short-term financial debts +€4,673
new in 2025: €4,673
- Current portion of long-term debt -€4,082
no longer reported in 2025 (was €4,082)
- Other debts +€2,846
new in 2025: €2,846
- Trade debts +€1,139
up €1,139 (+26.0%), from €4,379 to €5,518
- Gross operating margin -€1,559
down €1,559 (-18.7%), from -€8,350 to -€9,909
- Financial charges +€304
up €304 (+71.0%), from €429 to €733
- Other operating charges -€152
down €152 (-35.5%), from €427 to €276
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 | €18,393 | €12,367 | -€6,025 | -32.8% |
| Fixed assets | 21/28 | €30 | €30 | = | 0.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €18,363 | €12,337 | -€6,025 | -32.8% |
| Amounts receivable within one year | 40/41 | €16,923 | €11,603 | -€5,320 | -31.4% |
| Trade receivables | 40 | €4,396 | €1,103 | -€3,293 | -74.9% |
| Other amounts receivable | 41 | €12,527 | €10,500 | -€2,027 | -16.2% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,440 | €735 | -€705 | -49.0% |
| Total equity and liabilities | 10/49 | €18,393 | €12,367 | -€6,025 | -32.8% |
| Equity | 10/15 | €7,226 | -€3,652 | -€10,878 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,374 | -€22,252 | -€10,878 | -95.6% |
| Amounts payable | 17/49 | €11,167 | €16,020 | +€4,852 | +43.5% |
| Amounts payable within one year | 42/48 | €11,167 | €16,020 | +€4,852 | +43.5% |
| Current portion of amounts payable after more than one year | 42 | €4,082 | - | -€4,082 | |
| Financial debts | 43 | - | €4,673 | +€4,673 | |
| Credit institutions | 430/8 | - | €4,673 | +€4,673 | |
| Trade debts | 44 | €4,379 | €5,518 | +€1,139 | +26.0% |
| Suppliers | 440/4 | €4,379 | €5,518 | +€1,139 | +26.0% |
| Taxes, remuneration and social security | 45 | €2,706 | €2,983 | +€277 | +10.2% |
| Taxes | 450/3 | €367 | €977 | +€609 | +166.0% |
| Remuneration and social security | 454/9 | €2,339 | €2,007 | -€333 | -14.2% |
| Other amounts payable | 47/48 | - | €2,846 | +€2,846 | |
| Other operating charges | 640/8 | €427 | €276 | -€152 | -35.5% |
| Gross operating margin | 9900 | -€8,350 | -€9,909 | -€1,559 | -18.7% |
| Operating profit (loss) | 9901 | -€8,777 | -€10,185 | -€1,408 | -16.0% |
| Financial income | 75/76B | €122 | €40 | -€82 | -67.2% |
| Recurring financial income | 75 | €122 | €40 | -€82 | -67.2% |
| Financial charges | 65/66B | €429 | €733 | +€304 | +71.0% |
| Recurring financial charges | 65 | €429 | €733 | +€304 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,083 | -€10,878 | -€1,794 | -19.8% |
| Profit (loss) for the period | 9904 | -€9,083 | -€10,878 | -€1,794 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,083 | -€10,878 | -€1,794 | -19.8% |
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 8 October 2026 via checked.be.