MM ARCHITECTURE: 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 ARCHITECTURE
Largest movements
- Cash +€30,638
up €30,638 (+107%), from €28,673 to €59,311
mainly Other debts (+€37,574) and Receivables within one year (+€12,625)
- Receivables within one year -€12,625
down €12,625 (-23.7%), from €53,246 to €40,621
of which Trade receivables: -€15,566
- Intangible fixed assets -€7,500
down €7,500 (-28.6%), from €26,250 to €18,750
- Tangible fixed assets -€2,812
down €2,812 (-66.9%), from €4,201 to €1,389
of which Other tangible fixed assets: -€1,680
- Deferred charges and accrued income +€2,139
up €2,139 (+35.1%), from €6,093 to €8,232
- Other debts +€37,574
up €37,574 (+481%), from €7,818 to €45,392
- Reserves -€25,000
down €25,000 (-33.4%), from €74,860 to €49,860
- Debts after one year -€8,814
down €8,814 (-56.9%), from €15,498 to €6,684
- Trade debts +€4,523
up €4,523 (+86.0%), from €5,260 to €9,783
- Profit (loss) carried forward +€1,615
up €1,615 (+7.7%), from -€21,035 to -€19,420
- Turnover -€34,385
down €34,385 (-16.6%), from €206,910 to €172,525
- Purchases and services -€24,238
down €24,238 (-9.8%), from €248,082 to €223,844
- Taxes -€5,188
down €5,188 (-37.4%), from €13,888 to €8,700
- Write-downs -€4,626
no longer reported in 2025 (was €4,626)
- Depreciation -€2,306
down €2,306 (-18.3%), from €12,618 to €10,312
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.
Derived cash bridge
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 | €118,462 | €128,302 | +€9,840 | +8.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €30,451 | €20,139 | -€10,312 | -33.9% |
| Intangible fixed assets | 21 | €26,250 | €18,750 | -€7,500 | -28.6% |
| Tangible fixed assets | 22/27 | €4,201 | €1,389 | -€2,812 | -66.9% |
| Furniture and vehicles | 24 | €2,521 | €1,389 | -€1,132 | -44.9% |
| Other tangible fixed assets | 26 | €1,680 | €0 | -€1,680 | -100% |
| Current assets | 29/58 | €88,011 | €108,163 | +€20,152 | +22.9% |
| Amounts receivable within one year | 40/41 | €53,246 | €40,621 | -€12,625 | -23.7% |
| Trade receivables | 40 | €38,246 | €22,680 | -€15,566 | -40.7% |
| Other amounts receivable | 41 | €15,000 | €17,941 | +€2,941 | +19.6% |
| Cash at bank and in hand | 54/58 | €28,673 | €59,311 | +€30,638 | +107% |
| Deferred charges and accrued income | 490/1 | €6,093 | €8,232 | +€2,139 | +35.1% |
| Total equity and liabilities | 10/49 | €118,462 | €128,302 | +€9,840 | +8.3% |
| Equity | 10/15 | €66,225 | €42,840 | -€23,385 | -35.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,860 | €49,860 | -€25,000 | -33.4% |
| Distributable reserves | 133 | €74,860 | €49,860 | -€25,000 | -33.4% |
| Profit (loss) carried forward | 14 | -€21,035 | -€19,420 | +€1,615 | +7.7% |
| Amounts payable | 17/49 | €52,237 | €85,462 | +€33,225 | +63.6% |
| Amounts payable after more than one year | 17 | €15,498 | €6,684 | -€8,814 | -56.9% |
| Financial debts | 170/4 | €15,498 | €6,684 | -€8,814 | -56.9% |
| Amounts payable within one year | 42/48 | €36,739 | €78,778 | +€42,039 | +114% |
| Current portion of amounts payable after more than one year | 42 | €12,472 | €12,296 | -€176 | -1.4% |
| Trade debts | 44 | €5,260 | €9,783 | +€4,523 | +86.0% |
| Suppliers | 440/4 | €5,260 | €9,783 | +€4,523 | +86.0% |
| Taxes, remuneration and social security | 45 | €11,189 | €11,307 | +€118 | +1.1% |
| Taxes | 450/3 | €7,434 | €11,307 | +€3,873 | +52.1% |
| Remuneration and social security | 454/9 | €3,755 | €0 | -€3,755 | -100% |
| Other amounts payable | 47/48 | €7,818 | €45,392 | +€37,574 | +481% |
| Turnover | 70 | €206,910 | €172,525 | -€34,385 | -16.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €248,082 | €223,844 | -€24,238 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,618 | €10,312 | -€2,306 | -18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,626 | - | -€4,626 | |
| Other operating charges | 640/8 | €992 | €400 | -€593 | -59.7% |
| Gross operating margin | 9900 | €19,791 | €21,328 | +€1,538 | +7.8% |
| Operating profit (loss) | 9901 | €1,555 | €10,616 | +€9,062 | +583% |
| Financial income | 75/76B | €20 | €101 | +€81 | +402% |
| Recurring financial income | 75 | €20 | €101 | +€81 | +402% |
| Financial charges | 65/66B | €585 | €402 | -€183 | -31.3% |
| Recurring financial charges | 65 | €585 | €402 | -€183 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €989 | €10,315 | +€9,326 | +943% |
| Income taxes | 67/77 | €13,888 | €8,700 | -€5,188 | -37.4% |
| Profit (loss) for the period | 9904 | -€12,899 | €1,615 | +€14,514 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,899 | €1,615 | +€14,514 |
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 17 October 2026 via checked.be.