MLE Management: 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.
MLE Management
Largest movements
- Cash -€14,632
down €14,632 (-18.8%), from €77,876 to €63,244
mainly Contributions, distributions and other (-€94,423) and Debts after one year (-€20,505)
- Receivables within one year +€5,900
up €5,900 (+20.5%), from €28,743 to €34,642
of which Other amounts receivable: +€7,140
- Debts after one year -€20,505
down €20,505 (-17.7%), from €115,726 to €95,221
- Other debts +€11,792
up €11,792 (+10.1%), from €116,877 to €128,668
- Gross operating margin -€24,243
down €24,243 (-15.4%), from €157,112 to €132,869
- Taxes -€6,304
down €6,304 (-16.1%), from €39,164 to €32,860
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 | €269,432 | €259,347 | -€10,085 | -3.7% |
| Fixed assets | 21/28 | €160,934 | €160,511 | -€423 | -0.3% |
| Tangible fixed assets | 22/27 | €934 | €511 | -€423 | -45.3% |
| Furniture and vehicles | 24 | €934 | €511 | -€423 | -45.3% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €108,498 | €98,836 | -€9,662 | -8.9% |
| Amounts receivable within one year | 40/41 | €28,743 | €34,642 | +€5,900 | +20.5% |
| Trade receivables | 40 | €27,907 | €26,667 | -€1,240 | -4.4% |
| Other amounts receivable | 41 | €836 | €7,976 | +€7,140 | +854% |
| Cash at bank and in hand | 54/58 | €77,876 | €63,244 | -€14,632 | -18.8% |
| Deferred charges and accrued income | 490/1 | €1,880 | €951 | -€930 | -49.4% |
| Total equity and liabilities | 10/49 | €269,432 | €259,347 | -€10,085 | -3.7% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €268,432 | €258,347 | -€10,085 | -3.8% |
| Amounts payable after more than one year | 17 | €115,726 | €95,221 | -€20,505 | -17.7% |
| Financial debts | 170/4 | €115,726 | €95,221 | -€20,505 | -17.7% |
| Amounts payable within one year | 42/48 | €152,706 | €163,127 | +€10,420 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €19,831 | €20,505 | +€674 | +3.4% |
| Trade debts | 44 | €2,648 | €934 | -€1,714 | -64.7% |
| Suppliers | 440/4 | €2,648 | €934 | -€1,714 | -64.7% |
| Taxes, remuneration and social security | 45 | €13,351 | €13,019 | -€332 | -2.5% |
| Taxes | 450/3 | €13,351 | €13,019 | -€332 | -2.5% |
| Other amounts payable | 47/48 | €116,877 | €128,668 | +€11,792 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €788 | €423 | -€365 | -46.3% |
| Other operating charges | 640/8 | €672 | €694 | +€22 | +3.3% |
| Non-recurring operating charges | 66A | €138 | - | -€138 | |
| Gross operating margin | 9900 | €157,112 | €132,869 | -€24,243 | -15.4% |
| Operating profit (loss) | 9901 | €155,515 | €131,752 | -€23,763 | -15.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,673 | €4,470 | -€203 | -4.4% |
| Recurring financial charges | 65 | €4,673 | €4,470 | -€203 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €150,842 | €127,283 | -€23,559 | -15.6% |
| Income taxes | 67/77 | €39,164 | €32,860 | -€6,304 | -16.1% |
| Profit (loss) for the period | 9904 | €111,678 | €94,423 | -€17,255 | -15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,678 | €94,423 | -€17,255 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.