MM.ACC: what changed
Two financial 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.
MM.ACC
Largest movements
- Financial fixed assets +€158,550
new in 2025: €158,550
- Cash -€15,395
down €15,395 (-50.4%), from €30,525 to €15,130
mainly Investment in fixed assets (net) (-€159,836) and Receivables within one year (-€2,786)
- Receivables within one year +€2,786
up €2,786 (+21.6%), from €12,913 to €15,699
of which Other amounts receivable: +€3,424
- Debts after one year +€97,619
new in 2025: €97,619
- Reserves +€20,601
up €20,601 (+55.4%), from €37,189 to €57,790
- Current portion of long-term debt +€16,888
new in 2025: €16,888
- Tax, wage and social debts +€11,274
up €11,274 (+147.8%), from €7,627 to €18,900
- Gross operating margin +€17,841
up €17,841 (+70.2%), from €25,402 to €43,243
- Taxes +€5,534
up €5,534 (+103.1%), from €5,367 to €10,901
- Financial charges +€4,556
up €4,556 (+204.9%), from €2,223 to €6,779
- Depreciation +€515
up €515 (+23.0%), from €2,235 to €2,750
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 | €64,558 | €211,232 | +€146,674 | +227.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €7,683 | €164,769 | +€157,086 | +2044.7% |
| Tangible fixed assets | 22/27 | €7,683 | €6,219 | -€1,464 | -19.1% |
| Plant, machinery and equipment | 23 | €1,100 | €683 | -€417 | -37.9% |
| Furniture and vehicles | 24 | €4,005 | €3,318 | -€687 | -17.2% |
| Other tangible fixed assets | 26 | €2,578 | €2,218 | -€360 | -14.0% |
| Financial fixed assets | 28 | - | €158,550 | +€158,550 | |
| Current assets | 29/58 | €56,876 | €46,463 | -€10,413 | -18.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Other amounts receivable | 291 | €10,000 | €11,000 | +€1,000 | +10.0% |
| Amounts receivable within one year | 40/41 | €12,913 | €15,699 | +€2,786 | +21.6% |
| Trade receivables | 40 | €11,858 | €11,220 | -€638 | -5.4% |
| Other amounts receivable | 41 | €1,055 | €4,479 | +€3,424 | +324.5% |
| Cash at bank and in hand | 54/58 | €30,525 | €15,130 | -€15,395 | -50.4% |
| Deferred charges and accrued income | 490/1 | €3,437 | €4,634 | +€1,197 | +34.8% |
| Total equity and liabilities | 10/49 | €64,558 | €211,232 | +€146,674 | +227.2% |
| Equity | 10/15 | €55,789 | €76,390 | +€20,601 | +36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,189 | €57,790 | +€20,601 | +55.4% |
| Distributable reserves | 133 | €37,189 | €57,790 | +€20,601 | +55.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,769 | €134,842 | +€126,073 | +1437.7% |
| Amounts payable after more than one year | 17 | - | €97,619 | +€97,619 | |
| Financial debts | 170/4 | - | €97,619 | +€97,619 | |
| Amounts payable within one year | 42/48 | €8,769 | €37,223 | +€28,454 | +324.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,888 | +€16,888 | |
| Trade debts | 44 | €1,062 | €1,435 | +€373 | +35.1% |
| Suppliers | 440/4 | €1,062 | €1,435 | +€373 | +35.1% |
| Advances received on contracts in progress | 46 | €26 | €0 | -€26 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,627 | €18,900 | +€11,274 | +147.8% |
| Taxes | 450/3 | €7,627 | €18,900 | +€11,274 | +147.8% |
| Other amounts payable | 47/48 | €54 | €0 | -€54 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,235 | €2,750 | +€515 | +23.0% |
| Other operating charges | 640/8 | €1,798 | €1,658 | -€140 | -7.8% |
| Non-recurring operating charges | 66A | - | €1,028 | +€1,028 | |
| Gross operating margin | 9900 | €25,402 | €43,243 | +€17,841 | +70.2% |
| Operating profit (loss) | 9901 | €21,368 | €37,807 | +€16,439 | +76.9% |
| Financial income | 75/76B | €304 | €474 | +€170 | +56.1% |
| Recurring financial income | 75 | €304 | €474 | +€170 | +56.1% |
| Financial charges | 65/66B | €2,223 | €6,779 | +€4,556 | +204.9% |
| Recurring financial charges | 65 | €2,223 | €6,779 | +€4,556 | +204.9% |
| Profit (loss) for the period before taxes | 9903 | €19,449 | €31,501 | +€12,053 | +62.0% |
| Income taxes | 67/77 | €5,367 | €10,901 | +€5,534 | +103.1% |
| Profit (loss) for the period | 9904 | €14,082 | €20,601 | +€6,519 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,082 | €20,601 | +€6,519 | +46.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.