MM ASSOCIATES: 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 ASSOCIATES
Largest movements
- Cash +€36,156
up €36,156 (+27.5%), from €131,588 to €167,744
mainly Net result for the year (+€63,036) and Depreciation (+€1,344)
- Receivables within one year +€17,238
up €17,238 (+59,936%), from €29 to €17,266
of which Other amounts receivable: +€15,039
- Profit (loss) carried forward +€63,036
up €63,036 (+59.2%), from €106,524 to €169,560
- Other debts -€6,230
down €6,230 (-100%), from €6,230 to €0
- Tax, wage and social debts -€2,628
down €2,628 (-14.7%), from €17,930 to €15,302
of which Taxes: -€2,628
- Gross operating margin +€47,520
up €47,520 (+130%), from €36,517 to €84,036
- Taxes +€9,177
up €9,177 (+105%), from €8,711 to €17,888
- Other operating charges +€956
up €956 (+249%), from €384 to €1,341
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,361 | €188,811 | +€52,449 | +38.5% |
| Fixed assets | 21/28 | €4,736 | €3,392 | -€1,344 | -28.4% |
| Tangible fixed assets | 22/27 | €4,736 | €3,392 | -€1,344 | -28.4% |
| Furniture and vehicles | 24 | €4,736 | €3,392 | -€1,344 | -28.4% |
| Current assets | 29/58 | €131,625 | €185,419 | +€53,793 | +40.9% |
| Amounts receivable within one year | 40/41 | €29 | €17,266 | +€17,238 | +59,936% |
| Trade receivables | 40 | - | €2,199 | +€2,199 | |
| Other amounts receivable | 41 | €29 | €15,068 | +€15,039 | +52,291% |
| Cash at bank and in hand | 54/58 | €131,588 | €167,744 | +€36,156 | +27.5% |
| Deferred charges and accrued income | 490/1 | €9 | €409 | +€400 | +4,532% |
| Total equity and liabilities | 10/49 | €136,361 | €188,811 | +€52,449 | +38.5% |
| Equity | 10/15 | €109,524 | €172,560 | +€63,036 | +57.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,524 | €169,560 | +€63,036 | +59.2% |
| Amounts payable | 17/49 | €26,837 | €16,251 | -€10,587 | -39.4% |
| Amounts payable within one year | 42/48 | €26,837 | €16,251 | -€10,587 | -39.4% |
| Trade debts | 44 | €2,677 | €949 | -€1,729 | -64.6% |
| Suppliers | 440/4 | €2,677 | €949 | -€1,729 | -64.6% |
| Taxes, remuneration and social security | 45 | €17,930 | €15,302 | -€2,628 | -14.7% |
| Taxes | 450/3 | €17,930 | €15,302 | -€2,628 | -14.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,230 | €0 | -€6,230 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €1,344 | +€704 | +110% |
| Other operating charges | 640/8 | €384 | €1,341 | +€956 | +249% |
| Gross operating margin | 9900 | €36,517 | €84,036 | +€47,520 | +130% |
| Operating profit (loss) | 9901 | €35,492 | €81,352 | +€45,859 | +129% |
| Financial income | 75/76B | €19 | €4 | -€15 | -79.2% |
| Recurring financial income | 75 | €19 | €4 | -€15 | -79.2% |
| Financial charges | 65/66B | €425 | €432 | +€6 | +1.5% |
| Recurring financial charges | 65 | €425 | €432 | +€6 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €35,086 | €80,924 | +€45,837 | +131% |
| Income taxes | 67/77 | €8,711 | €17,888 | +€9,177 | +105% |
| Profit (loss) for the period | 9904 | €26,376 | €63,036 | +€36,660 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €26,376 | €63,036 | +€36,660 | +139% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.