MLM Spectre: 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 Spectre
Largest movements
- Tangible fixed assets -€27,706
down €27,706 (-26.0%), from €106,460 to €78,755
of which Furniture and vehicles: -€27,091
- Cash +€13,374
up €13,374 (+37.3%), from €35,817 to €49,191
mainly Other debts (+€58,000) and Net result for the year (+€32,565)
- Profit (loss) carried forward -€62,435
down €62,435 (-92.3%), from €67,642 to €5,207
- Other debts +€58,000
new in 2025: €58,000
- Debts after one year -€11,729
down €11,729 (-26.6%), from €44,107 to €32,378
- Tax, wage and social debts +€1,990
up €1,990 (+27.7%), from €7,192 to €9,182
of which Taxes: +€2,150
- Gross operating margin +€94,162
up €94,162, from -€30,234 to €63,928
- Depreciation +€3,625
up €3,625 (+15.1%), from €24,081 to €27,706
- Taxes -€1,968
down €1,968, from €1,531 to -€437
- Financial income -€1,496
down €1,496 (-91.3%), from €1,638 to €142
- Financial charges +€1,257
up €1,257 (+80.3%), from €1,566 to €2,822
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 | €142,415 | €128,157 | -€14,257 | -10.0% |
| Fixed assets | 21/28 | €106,460 | €78,755 | -€27,706 | -26.0% |
| Tangible fixed assets | 22/27 | €106,460 | €78,755 | -€27,706 | -26.0% |
| Plant, machinery and equipment | 23 | €5,109 | €4,494 | -€615 | -12.0% |
| Furniture and vehicles | 24 | €101,351 | €74,261 | -€27,091 | -26.7% |
| Current assets | 29/58 | €35,954 | €49,403 | +€13,449 | +37.4% |
| Amounts receivable within one year | 40/41 | €137 | €211 | +€74 | +54.3% |
| Other amounts receivable | 41 | €137 | €211 | +€74 | +54.3% |
| Cash at bank and in hand | 54/58 | €35,817 | €49,191 | +€13,374 | +37.3% |
| Total equity and liabilities | 10/49 | €142,415 | €128,157 | -€14,257 | -10.0% |
| Equity | 10/15 | €77,642 | €15,207 | -€62,435 | -80.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,642 | €5,207 | -€62,435 | -92.3% |
| Amounts payable | 17/49 | €64,772 | €112,950 | +€48,178 | +74.4% |
| Amounts payable after more than one year | 17 | €44,107 | €32,378 | -€11,729 | -26.6% |
| Financial debts | 170/4 | €44,107 | €32,378 | -€11,729 | -26.6% |
| Amounts payable within one year | 42/48 | €20,665 | €80,572 | +€59,907 | +289.9% |
| Current portion of amounts payable after more than one year | 42 | €11,305 | €11,729 | +€424 | +3.8% |
| Trade debts | 44 | €2,169 | €1,661 | -€508 | -23.4% |
| Suppliers | 440/4 | €2,169 | €1,661 | -€508 | -23.4% |
| Taxes, remuneration and social security | 45 | €7,192 | €9,182 | +€1,990 | +27.7% |
| Taxes | 450/3 | €7,032 | €9,182 | +€2,150 | +30.6% |
| Remuneration and social security | 454/9 | €160 | - | -€160 | |
| Other amounts payable | 47/48 | - | €58,000 | +€58,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,081 | €27,706 | +€3,625 | +15.1% |
| Other operating charges | 640/8 | €1,944 | €1,415 | -€530 | -27.2% |
| Gross operating margin | 9900 | -€30,234 | €63,928 | +€94,162 | |
| Operating profit (loss) | 9901 | -€56,259 | €34,808 | +€91,067 | |
| Financial income | 75/76B | €1,638 | €142 | -€1,496 | -91.3% |
| Recurring financial income | 75 | €1,638 | €142 | -€1,496 | -91.3% |
| Financial charges | 65/66B | €1,566 | €2,822 | +€1,257 | +80.3% |
| Recurring financial charges | 65 | €1,566 | €2,822 | +€1,257 | +80.3% |
| Profit (loss) for the period before taxes | 9903 | -€56,186 | €32,128 | +€88,314 | |
| Income taxes | 67/77 | €1,531 | -€437 | -€1,968 | |
| Profit (loss) for the period | 9904 | -€57,717 | €32,565 | +€90,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,717 | €32,565 | +€90,282 |
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 2 October 2026 via checked.be.