MLM Engström: 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.
MLM Engström
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€224,668
up €224,668 (+679.3%), from €33,072 to €257,740
- Profit (loss) carried forward -€182,389
down €182,389 (-96.4%), from €189,159 to €6,770
- Tax, wage and social debts -€43,421
down €43,421 (-63.5%), from €68,328 to €24,907
- Gross operating margin -€32,266
down €32,266 (-24.6%), from €131,203 to €98,937
- Taxes -€5,391
down €5,391 (-17.0%), from €31,638 to €26,247
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 | €292,558 | €291,417 | -€1,141 | -0.4% |
| Fixed assets | 21/28 | €6,739 | €6,238 | -€501 | -7.4% |
| Tangible fixed assets | 22/27 | €6,739 | €5,798 | -€941 | -14.0% |
| Plant, machinery and equipment | 23 | €1,535 | €959 | -€576 | -37.5% |
| Furniture and vehicles | 24 | €5,203 | €4,838 | -€365 | -7.0% |
| Financial fixed assets | 28 | - | €440 | +€440 | |
| Current assets | 29/58 | €285,820 | €285,180 | -€640 | -0.2% |
| Amounts receivable within one year | 40/41 | €307 | €177 | -€130 | -42.3% |
| Trade receivables | 40 | €109 | - | -€109 | |
| Other amounts receivable | 41 | €198 | €177 | -€21 | -10.6% |
| Cash at bank and in hand | 54/58 | €285,513 | €285,003 | -€510 | -0.2% |
| Total equity and liabilities | 10/49 | €292,558 | €291,417 | -€1,141 | -0.4% |
| Equity | 10/15 | €191,159 | €8,770 | -€182,389 | -95.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | - | -€2,000 | |
| Issued capital | 100 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €189,159 | €6,770 | -€182,389 | -96.4% |
| Amounts payable | 17/49 | €101,400 | €282,647 | +€181,248 | +178.7% |
| Amounts payable within one year | 42/48 | €101,400 | €282,647 | +€181,248 | +178.7% |
| Taxes, remuneration and social security | 45 | €68,328 | €24,907 | -€43,421 | -63.5% |
| Taxes | 450/3 | €68,328 | €24,907 | -€43,421 | -63.5% |
| Other amounts payable | 47/48 | €33,072 | €257,740 | +€224,668 | +679.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,735 | €2,090 | +€355 | +20.5% |
| Gross operating margin | 9900 | €131,203 | €98,937 | -€32,266 | -24.6% |
| Operating profit (loss) | 9901 | €129,468 | €96,847 | -€32,621 | -25.2% |
| Financial income | 75/76B | €8 | €22 | +€14 | +164.0% |
| Recurring financial income | 75 | €8 | €22 | +€14 | +164.0% |
| Financial charges | 65/66B | €94 | €11 | -€83 | -88.0% |
| Recurring financial charges | 65 | €94 | €11 | -€83 | -88.0% |
| Profit (loss) for the period before taxes | 9903 | €129,383 | €96,858 | -€32,525 | -25.1% |
| Income taxes | 67/77 | €31,638 | €26,247 | -€5,391 | -17.0% |
| Profit (loss) for the period | 9904 | €97,745 | €70,611 | -€27,134 | -27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,745 | €70,611 | -€27,134 | -27.8% |
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 7 October 2026 via checked.be.