MLM services: 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 services
Largest movements
- Current investments +€300,000
up €300,000 (+40.0%), from €750,000 to €1.1m
- Cash -€117,100
down €117,100 (-36.5%), from €320,645 to €203,545
mainly Current investments (-€300,000) and Tax, wage and social debts (-€23,967)
- Reserves +€245,222
up €245,222 (+37.6%), from €652,056 to €897,278
- Tax, wage and social debts -€23,967
down €23,967 (-74.5%), from €32,155 to €8,188
- Profit (loss) carried forward -€20,000
down €20,000 (-2.7%), from €743,990 to €723,990
- Financial income +€27,545
up €27,545 (+106.2%), from €25,941 to €53,486
- Taxes +€10,647
up €10,647 (+10.4%), from €102,369 to €113,015
- Gross operating margin +€7,597
up €7,597 (+2.4%), from €315,062 to €322,659
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 | €1,447,198 | €1,641,489 | +€194,292 | +13.4% |
| Fixed assets | 21/28 | €66,914 | €69,822 | +€2,908 | +4.3% |
| Tangible fixed assets | 22/27 | €56,916 | €59,824 | +€2,908 | +5.1% |
| Plant, machinery and equipment | 23 | €45,009 | €51,083 | +€6,073 | +13.5% |
| Furniture and vehicles | 24 | €11,907 | €8,742 | -€3,165 | -26.6% |
| Financial fixed assets | 28 | €9,998 | €9,998 | = | 0.0% |
| Current assets | 29/58 | €1,380,283 | €1,571,667 | +€191,383 | +13.9% |
| Amounts receivable within one year | 40/41 | €309,638 | €318,122 | +€8,483 | +2.7% |
| Trade receivables | 40 | €24,638 | €5,868 | -€18,770 | -76.2% |
| Other amounts receivable | 41 | €285,000 | €312,254 | +€27,254 | +9.6% |
| Current investments | 50/53 | €750,000 | €1,050,000 | +€300,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €320,645 | €203,545 | -€117,100 | -36.5% |
| Total equity and liabilities | 10/49 | €1,447,198 | €1,641,489 | +€194,292 | +13.4% |
| Equity | 10/15 | €1,402,245 | €1,627,467 | +€225,222 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €652,056 | €897,278 | +€245,222 | +37.6% |
| Distributable reserves | 133 | €652,056 | €897,278 | +€245,222 | +37.6% |
| Profit (loss) carried forward | 14 | €743,990 | €723,990 | -€20,000 | -2.7% |
| Amounts payable | 17/49 | €44,952 | €14,022 | -€30,930 | -68.8% |
| Amounts payable within one year | 42/48 | €43,992 | €13,023 | -€30,969 | -70.4% |
| Trade debts | 44 | €5,837 | €4,835 | -€1,002 | -17.2% |
| Suppliers | 440/4 | €5,837 | €4,835 | -€1,002 | -17.2% |
| Taxes, remuneration and social security | 45 | €32,155 | €8,188 | -€23,967 | -74.5% |
| Taxes | 450/3 | €32,155 | €8,188 | -€23,967 | -74.5% |
| Other amounts payable | 47/48 | €6,000 | - | -€6,000 | |
| Accrued charges and deferred income | 492/3 | €960 | €998 | +€38 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,182 | €17,762 | -€2,420 | -12.0% |
| Gross operating margin | 9900 | €315,062 | €322,659 | +€7,597 | +2.4% |
| Operating profit (loss) | 9901 | €294,880 | €304,897 | +€10,017 | +3.4% |
| Financial income | 75/76B | €25,941 | €53,486 | +€27,545 | +106.2% |
| Recurring financial income | 75 | €25,941 | €53,486 | +€27,545 | +106.2% |
| Financial charges | 65/66B | €141 | €146 | +€4 | +2.9% |
| Recurring financial charges | 65 | €141 | €146 | +€4 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €320,680 | €358,237 | +€37,557 | +11.7% |
| Income taxes | 67/77 | €102,369 | €113,015 | +€10,647 | +10.4% |
| Profit (loss) for the period | 9904 | €218,311 | €245,222 | +€26,911 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €218,311 | €245,222 | +€26,911 | +12.3% |
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 7 October 2026 via checked.be.