MM BLUE IMMO: 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 BLUE IMMO
Largest movements
- Tangible fixed assets +€137,411
up €137,411 (+32.0%), from €429,879 to €567,290
- Cash -€27,981
down €27,981 (-53.8%), from €51,996 to €24,015
mainly Investment in fixed assets (net) (-€202,443) and Net result for the year (-€25,256)
- Receivables within one year -€8,355
down €8,355 (-93.3%), from €8,955 to €600
of which Trade receivables: -€8,733
- Debts after one year +€129,568
up €129,568 (+32.8%), from €395,603 to €525,170
- Profit (loss) carried forward -€25,256
down €25,256, from €16,774 to -€8,482
- Tax, wage and social debts -€6,106
no longer reported in 2025 (was €6,106)
- Current portion of long-term debt +€6,083
up €6,083 (+27.1%), from €22,434 to €28,518
- Depreciation +€49,733
up €49,733 (+325%), from €15,299 to €65,032
- Taxes -€6,106
no longer reported in 2025 (was €6,106)
- Financial charges +€4,152
up €4,152 (+53.5%), from €7,755 to €11,907
- Gross operating margin +€2,158
up €2,158 (+4.1%), from €53,119 to €55,277
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 | €491,997 | €592,570 | +€100,573 | +20.4% |
| Fixed assets | 21/28 | €430,215 | €567,626 | +€137,411 | +31.9% |
| Tangible fixed assets | 22/27 | €429,879 | €567,290 | +€137,411 | +32.0% |
| Land and buildings | 22 | €429,879 | €567,290 | +€137,411 | +32.0% |
| Financial fixed assets | 28 | €336 | €336 | = | 0.0% |
| Current assets | 29/58 | €61,782 | €24,944 | -€36,838 | -59.6% |
| Amounts receivable within one year | 40/41 | €8,955 | €600 | -€8,355 | -93.3% |
| Trade receivables | 40 | €8,733 | - | -€8,733 | |
| Other amounts receivable | 41 | €222 | €600 | +€377 | +170% |
| Cash at bank and in hand | 54/58 | €51,996 | €24,015 | -€27,981 | -53.8% |
| Deferred charges and accrued income | 490/1 | €831 | €329 | -€502 | -60.4% |
| Total equity and liabilities | 10/49 | €491,997 | €592,570 | +€100,573 | +20.4% |
| Equity | 10/15 | €61,774 | €36,518 | -€25,256 | -40.9% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,774 | -€8,482 | -€25,256 | |
| Amounts payable | 17/49 | €430,223 | €556,052 | +€125,830 | +29.2% |
| Amounts payable after more than one year | 17 | €395,603 | €525,170 | +€129,568 | +32.8% |
| Financial debts | 170/4 | €395,603 | €525,170 | +€129,568 | +32.8% |
| Amounts payable within one year | 42/48 | €32,097 | €28,982 | -€3,115 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €22,434 | €28,518 | +€6,083 | +27.1% |
| Trade debts | 44 | €3,556 | €464 | -€3,092 | -86.9% |
| Suppliers | 440/4 | €3,556 | €464 | -€3,092 | -86.9% |
| Taxes, remuneration and social security | 45 | €6,106 | - | -€6,106 | |
| Taxes | 450/3 | €6,106 | - | -€6,106 | |
| Accrued charges and deferred income | 492/3 | €2,523 | €1,900 | -€623 | -24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,299 | €65,032 | +€49,733 | +325% |
| Other operating charges | 640/8 | €3,547 | €3,659 | +€112 | +3.1% |
| Gross operating margin | 9900 | €53,119 | €55,277 | +€2,158 | +4.1% |
| Operating profit (loss) | 9901 | €34,273 | -€13,413 | -€47,686 | |
| Financial income | 75/76B | €27 | €64 | +€38 | +142% |
| Recurring financial income | 75 | €27 | €64 | +€38 | +142% |
| Financial charges | 65/66B | €7,755 | €11,907 | +€4,152 | +53.5% |
| Recurring financial charges | 65 | €7,755 | €11,907 | +€4,152 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €26,544 | -€25,256 | -€51,801 | |
| Income taxes | 67/77 | €6,106 | - | -€6,106 | |
| Profit (loss) for the period | 9904 | €20,438 | -€25,256 | -€45,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,438 | -€25,256 | -€45,694 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.