MLMC: 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.
MLMC
Largest movements
- Cash +€166,077
up €166,077 (+595.5%), from €27,891 to €193,968
mainly Net result for the year (+€169,337) and Receivables within one year (+€76,134)
- Deferred charges and accrued income +€107,008
up €107,008 (+9499.4%), from €1,126 to €108,134
- Receivables within one year -€76,134
down €76,134 (-99.7%), from €76,386 to €252
- Tangible fixed assets +€18,830
up €18,830 (+1810.8%), from €1,040 to €19,870
- Reserves +€240,000
new in 2025: €240,000
- Profit (loss) carried forward -€71,496
down €71,496 (-98.5%), from €72,607 to €1,112
- Tax, wage and social debts +€33,856
up €33,856 (+127.6%), from €26,523 to €60,380
of which Taxes: +€33,706
- Other debts +€13,722
up €13,722 (+409.2%), from €3,354 to €17,075
- Gross operating margin +€134,541
up €134,541 (+145.8%), from €92,261 to €226,802
- Taxes +€33,457
up €33,457 (+180.4%), from €18,543 to €52,000
- Depreciation +€4,610
up €4,610 (+7669.3%), from €60 to €4,670
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 | €106,443 | €322,224 | +€215,781 | +202.7% |
| Fixed assets | 21/28 | €1,040 | €19,870 | +€18,830 | +1810.8% |
| Tangible fixed assets | 22/27 | €1,040 | €19,870 | +€18,830 | +1810.8% |
| Furniture and vehicles | 24 | €1,040 | €19,870 | +€18,830 | +1810.8% |
| Current assets | 29/58 | €105,403 | €302,354 | +€196,951 | +186.9% |
| Amounts receivable within one year | 40/41 | €76,386 | €252 | -€76,134 | -99.7% |
| Trade receivables | 40 | €76,386 | €252 | -€76,134 | -99.7% |
| Cash at bank and in hand | 54/58 | €27,891 | €193,968 | +€166,077 | +595.5% |
| Deferred charges and accrued income | 490/1 | €1,126 | €108,134 | +€107,008 | +9499.4% |
| Total equity and liabilities | 10/49 | €106,443 | €322,224 | +€215,781 | +202.7% |
| Equity | 10/15 | €74,607 | €243,112 | +€168,504 | +225.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €240,000 | +€240,000 | |
| Distributable reserves | 133 | - | €240,000 | +€240,000 | |
| Profit (loss) carried forward | 14 | €72,607 | €1,112 | -€71,496 | -98.5% |
| Amounts payable | 17/49 | €31,836 | €79,112 | +€47,276 | +148.5% |
| Amounts payable within one year | 42/48 | €31,836 | €78,112 | +€46,276 | +145.4% |
| Trade debts | 44 | €1,959 | €657 | -€1,302 | -66.5% |
| Suppliers | 440/4 | €1,959 | €657 | -€1,302 | -66.5% |
| Taxes, remuneration and social security | 45 | €26,523 | €60,380 | +€33,856 | +127.6% |
| Taxes | 450/3 | €23,988 | €57,695 | +€33,706 | +140.5% |
| Remuneration and social security | 454/9 | €2,535 | €2,685 | +€150 | +5.9% |
| Other amounts payable | 47/48 | €3,354 | €17,075 | +€13,722 | +409.2% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60 | €4,670 | +€4,610 | +7669.3% |
| Other operating charges | 640/8 | €98 | €673 | +€575 | +584.5% |
| Gross operating margin | 9900 | €92,261 | €226,802 | +€134,541 | +145.8% |
| Operating profit (loss) | 9901 | €92,103 | €221,459 | +€129,356 | +140.4% |
| Financial charges | 65/66B | €93 | €121 | +€29 | +30.9% |
| Recurring financial charges | 65 | €93 | €121 | +€29 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €92,010 | €221,337 | +€129,327 | +140.6% |
| Income taxes | 67/77 | €18,543 | €52,000 | +€33,457 | +180.4% |
| Profit (loss) for the period | 9904 | €73,466 | €169,337 | +€95,871 | +130.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,466 | €169,337 | +€95,871 | +130.5% |
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 8 October 2026 via checked.be.