MM C&F: what changed
MM C&F
Largest movements
- Cash +€7,852
up €7,852 (+18.0%), from €43,738 to €51,590
mainly Tax, wage and social debts (+€4,153) and Net result for the year (+€3,035)
- Receivables within one year +€2,284
up €2,284 (+52.5%), from €4,353 to €6,636
of which Trade receivables: +€1,766
- Tangible fixed assets -€1,979
down €1,979 (-100%), from €1,979 to €0
- Tax, wage and social debts +€4,153
up €4,153 (+26.8%), from €15,489 to €19,643
of which Taxes: +€2,903
- Reserves +€3,035
up €3,035 (+11.9%), from €25,542 to €28,577
- Trade debts +€1,023
up €1,023, from €0 to €1,023
- Gross operating margin -€4,987
down €4,987 (-44.7%), from €11,158 to €6,171
- Financial income +€1,821
up €1,821 (+1,019%), from €179 to €2,000
- Depreciation -€1,082
down €1,082 (-35.3%), from €3,061 to €1,979
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,278 | €58,496 | +€8,218 | +16.3% |
| Fixed assets | 21/28 | €1,979 | €0 | -€1,979 | -100% |
| Tangible fixed assets | 22/27 | €1,979 | €0 | -€1,979 | -100% |
| Furniture and vehicles | 24 | €1,979 | €0 | -€1,979 | -100% |
| Current assets | 29/58 | €48,299 | €58,496 | +€10,197 | +21.1% |
| Amounts receivable within one year | 40/41 | €4,353 | €6,636 | +€2,284 | +52.5% |
| Trade receivables | 40 | €454 | €2,220 | +€1,766 | +389% |
| Other amounts receivable | 41 | €3,899 | €4,416 | +€517 | +13.3% |
| Cash at bank and in hand | 54/58 | €43,738 | €51,590 | +€7,852 | +18.0% |
| Deferred charges and accrued income | 490/1 | €208 | €270 | +€62 | +29.6% |
| Total equity and liabilities | 10/49 | €50,278 | €58,496 | +€8,218 | +16.3% |
| Equity | 10/15 | €31,742 | €34,777 | +€3,035 | +9.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,542 | €28,577 | +€3,035 | +11.9% |
| Distributable reserves | 133 | €25,542 | €28,577 | +€3,035 | +11.9% |
| Amounts payable | 17/49 | €18,536 | €23,719 | +€5,183 | +28.0% |
| Amounts payable within one year | 42/48 | €18,525 | €23,702 | +€5,176 | +27.9% |
| Trade debts | 44 | €0 | €1,023 | +€1,023 | |
| Suppliers | 440/4 | €0 | €1,023 | +€1,023 | |
| Taxes, remuneration and social security | 45 | €15,489 | €19,643 | +€4,153 | +26.8% |
| Taxes | 450/3 | €9,239 | €12,143 | +€2,903 | +31.4% |
| Remuneration and social security | 454/9 | €6,250 | €7,500 | +€1,250 | +20.0% |
| Other amounts payable | 47/48 | €3,036 | €3,036 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €11 | €17 | +€6 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,061 | €1,979 | -€1,082 | -35.3% |
| Other operating charges | 640/8 | €723 | €743 | +€20 | +2.8% |
| Gross operating margin | 9900 | €11,158 | €6,171 | -€4,987 | -44.7% |
| Operating profit (loss) | 9901 | €7,373 | €3,448 | -€3,925 | -53.2% |
| Financial income | 75/76B | €179 | €2,000 | +€1,821 | +1,019% |
| Recurring financial income | 75 | €179 | €2,000 | +€1,821 | +1,019% |
| Financial charges | 65/66B | €157 | €102 | -€55 | -34.9% |
| Recurring financial charges | 65 | €157 | €102 | -€55 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €7,395 | €5,346 | -€2,049 | -27.7% |
| Income taxes | 67/77 | €2,420 | €2,311 | -€109 | -4.5% |
| Profit (loss) for the period | 9904 | €4,976 | €3,035 | -€1,941 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,976 | €3,035 | -€1,941 | -39.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.