MLM BUSINESS: what changed
MLM BUSINESS
Largest movements
- Tangible fixed assets -€34,396
down €34,396 (-94.8%), from €36,284 to €1,888
of which Furniture and vehicles: -€33,371
- Receivables within one year -€33,873
down €33,873 (-96.4%), from €35,135 to €1,262
of which Trade receivables: -€32,361
- Cash +€5,507
up €5,507 (+42.2%), from €13,049 to €18,556
mainly Receivables within one year (+€33,873) and Investment in fixed assets (net) (+€33,371)
- Deferred charges and accrued income -€1,003
no longer reported in 2025 (was €1,003)
- Profit (loss) carried forward -€56,343
down €56,343 (-88.7%), from €63,486 to €7,144
- Trade debts -€9,076
down €9,076 (-73.5%), from €12,343 to €3,267
- Tax, wage and social debts +€1,703
up €1,703 (+43.8%), from €3,890 to €5,593
- Gross operating margin -€61,611
down €61,611, from €24,818 to -€36,793
- Other operating charges +€16,657
up €16,657 (+618%), from €2,697 to €19,354
- Depreciation -€10,618
down €10,618 (-91.2%), from €11,643 to €1,025
- Taxes -€4,480
no longer reported in 2025 (was €4,480)
- Financial charges -€1,452
down €1,452 (-89.5%), from €1,622 to €170
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €85,470 | €21,705 | -€63,765 | -74.6% |
| Fixed assets | 21/28 | €36,284 | €1,888 | -€34,396 | -94.8% |
| Tangible fixed assets | 22/27 | €36,284 | €1,888 | -€34,396 | -94.8% |
| Plant, machinery and equipment | 23 | €2,913 | €1,888 | -€1,025 | -35.2% |
| Furniture and vehicles | 24 | €33,371 | - | -€33,371 | |
| Current assets | 29/58 | €49,186 | €19,818 | -€29,369 | -59.7% |
| Amounts receivable within one year | 40/41 | €35,135 | €1,262 | -€33,873 | -96.4% |
| Trade receivables | 40 | €33,611 | €1,250 | -€32,361 | -96.3% |
| Other amounts receivable | 41 | €1,524 | €12 | -€1,512 | -99.2% |
| Cash at bank and in hand | 54/58 | €13,049 | €18,556 | +€5,507 | +42.2% |
| Deferred charges and accrued income | 490/1 | €1,003 | - | -€1,003 | |
| Total equity and liabilities | 10/49 | €85,470 | €21,705 | -€63,765 | -74.6% |
| Equity | 10/15 | €68,779 | €12,437 | -€56,343 | -81.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €5,292 | €5,292 | = | 0.0% |
| Distributable reserves | 133 | €5,292 | €5,292 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,486 | €7,144 | -€56,343 | -88.7% |
| Amounts payable | 17/49 | €16,691 | €9,268 | -€7,422 | -44.5% |
| Amounts payable within one year | 42/48 | €16,691 | €9,268 | -€7,422 | -44.5% |
| Trade debts | 44 | €12,343 | €3,267 | -€9,076 | -73.5% |
| Suppliers | 440/4 | €12,343 | €3,267 | -€9,076 | -73.5% |
| Taxes, remuneration and social security | 45 | €3,890 | €5,593 | +€1,703 | +43.8% |
| Taxes | 450/3 | €3,890 | €5,593 | +€1,703 | +43.8% |
| Other amounts payable | 47/48 | €457 | €409 | -€49 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,643 | €1,025 | -€10,618 | -91.2% |
| Other operating charges | 640/8 | €2,697 | €19,354 | +€16,657 | +618% |
| Gross operating margin | 9900 | €24,818 | -€36,793 | -€61,611 | |
| Operating profit (loss) | 9901 | €10,478 | -€57,172 | -€67,650 | |
| Financial income | 75/76B | €28 | €1,000 | +€972 | +3,464% |
| Recurring financial income | 75 | €28 | €1,000 | +€972 | +3,464% |
| Financial charges | 65/66B | €1,622 | €170 | -€1,452 | -89.5% |
| Recurring financial charges | 65 | €1,622 | €170 | -€1,452 | -89.5% |
| Profit (loss) for the period before taxes | 9903 | €8,884 | -€56,343 | -€65,226 | |
| Income taxes | 67/77 | €4,480 | - | -€4,480 | |
| Profit (loss) for the period | 9904 | €4,404 | -€56,343 | -€60,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,404 | -€56,343 | -€60,747 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.