MLdM: 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.
MLdM
Largest movements
- Receivables within one year -€51,580
down €51,580 (-86.9%), from €59,361 to €7,780
of which Other amounts receivable: -€34,205
- Cash +€46,234
up €46,234 (+81.7%), from €56,587 to €102,821
mainly Receivables within one year (+€51,580) and Depreciation (+€11,853)
- Tangible fixed assets -€6,525
down €6,525 (-18.2%), from €35,758 to €29,233
of which Furniture and vehicles: -€5,010
- Profit (loss) carried forward -€10,760
down €10,760 (-11.7%), from -€91,726 to -€102,486
- Trade debts -€3,408
down €3,408 (-8.1%), from €42,246 to €38,838
- Financial charges +€38,214
up €38,214 (+2817.6%), from €1,356 to €39,571
- Gross operating margin +€18,793
up €18,793 (+85.1%), from €22,084 to €40,877
- Financial income +€1,167
up €1,167 (+828.2%), from €141 to €1,307
- Depreciation +€649
up €649 (+5.8%), from €11,204 to €11,853
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 | €154,987 | €142,348 | -€12,640 | -8.2% |
| Fixed assets | 21/28 | €35,758 | €29,233 | -€6,525 | -18.2% |
| Tangible fixed assets | 22/27 | €35,758 | €29,233 | -€6,525 | -18.2% |
| Plant, machinery and equipment | 23 | - | €398 | +€398 | |
| Furniture and vehicles | 24 | €18,078 | €13,068 | -€5,010 | -27.7% |
| Other tangible fixed assets | 26 | €17,680 | €15,767 | -€1,913 | -10.8% |
| Current assets | 29/58 | €119,229 | €113,115 | -€6,115 | -5.1% |
| Amounts receivable within one year | 40/41 | €59,361 | €7,780 | -€51,580 | -86.9% |
| Trade receivables | 40 | €17,375 | - | -€17,375 | |
| Other amounts receivable | 41 | €41,985 | €7,780 | -€34,205 | -81.5% |
| Cash at bank and in hand | 54/58 | €56,587 | €102,821 | +€46,234 | +81.7% |
| Deferred charges and accrued income | 490/1 | €3,282 | €2,514 | -€769 | -23.4% |
| Total equity and liabilities | 10/49 | €154,987 | €142,348 | -€12,640 | -8.2% |
| Equity | 10/15 | €97,077 | €86,318 | -€10,760 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €170,204 | €170,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €168,344 | €168,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,726 | -€102,486 | -€10,760 | -11.7% |
| Amounts payable | 17/49 | €57,910 | €56,030 | -€1,880 | -3.2% |
| Amounts payable within one year | 42/48 | €57,910 | €56,030 | -€1,880 | -3.2% |
| Trade debts | 44 | €42,246 | €38,838 | -€3,408 | -8.1% |
| Suppliers | 440/4 | €42,246 | €38,838 | -€3,408 | -8.1% |
| Taxes, remuneration and social security | 45 | €15,664 | €17,192 | +€1,528 | +9.8% |
| Taxes | 450/3 | €15,664 | €17,192 | +€1,528 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,204 | €11,853 | +€649 | +5.8% |
| Other operating charges | 640/8 | €979 | €1,124 | +€146 | +14.9% |
| Gross operating margin | 9900 | €22,084 | €40,877 | +€18,793 | +85.1% |
| Operating profit (loss) | 9901 | €9,901 | €27,900 | +€17,999 | +181.8% |
| Financial income | 75/76B | €141 | €1,307 | +€1,167 | +828.2% |
| Recurring financial income | 75 | €141 | €1,307 | +€1,167 | +828.2% |
| Financial charges | 65/66B | €1,356 | €39,571 | +€38,214 | +2817.6% |
| Recurring financial charges | 65 | €1,356 | €39,571 | +€38,214 | +2817.6% |
| Profit (loss) for the period before taxes | 9903 | €8,686 | -€10,363 | -€19,049 | |
| Income taxes | 67/77 | €350 | €397 | +€47 | +13.4% |
| Profit (loss) for the period | 9904 | €8,336 | -€10,760 | -€19,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,336 | -€10,760 | -€19,096 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.