MM Collections: what changed
Two fiscal 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 Collections
Largest movements
- Current investments +€49,259
new in 2025: €49,259
- Receivables within one year +€24,482
up €24,482 (+45.7%), from €53,542 to €78,024
of which Other amounts receivable: +€24,550
- Cash +€16,715
up €16,715 (+14.0%), from €119,702 to €136,418
mainly Net result for the year (+€82,258) and Tax, wage and social debts (+€13,496)
- Tangible fixed assets +€3,669
up €3,669 (+487.3%), from €753 to €4,422
- Profit (loss) carried forward +€82,258
up €82,258 (+72.0%), from €114,268 to €196,527
- Tax, wage and social debts +€13,496
up €13,496 (+29.7%), from €45,441 to €58,937
of which Taxes: +€13,496
- Gross operating margin -€7,899
down €7,899 (-7.0%), from €113,065 to €105,166
- Financial income +€2,080
up €2,080 (+142.2%), from €1,463 to €3,544
- Taxes -€1,601
down €1,601 (-6.3%), from €25,330 to €23,729
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 | €175,460 | €271,038 | +€95,578 | +54.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €753 | €4,422 | +€3,669 | +487.3% |
| Tangible fixed assets | 22/27 | €753 | €4,422 | +€3,669 | +487.3% |
| Furniture and vehicles | 24 | €753 | €4,422 | +€3,669 | +487.3% |
| Current assets | 29/58 | €174,707 | €266,616 | +€91,908 | +52.6% |
| Amounts receivable within one year | 40/41 | €53,542 | €78,024 | +€24,482 | +45.7% |
| Trade receivables | 40 | €13,073 | €13,006 | -€68 | -0.5% |
| Other amounts receivable | 41 | €40,469 | €65,019 | +€24,550 | +60.7% |
| Current investments | 50/53 | - | €49,259 | +€49,259 | |
| Cash at bank and in hand | 54/58 | €119,702 | €136,418 | +€16,715 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,463 | €2,914 | +€1,452 | +99.2% |
| Total equity and liabilities | 10/49 | €175,460 | €271,038 | +€95,578 | +54.5% |
| Equity | 10/15 | €118,268 | €200,527 | +€82,258 | +69.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,268 | €196,527 | +€82,258 | +72.0% |
| Amounts payable | 17/49 | €57,192 | €70,511 | +€13,320 | +23.3% |
| Amounts payable within one year | 42/48 | €57,192 | €70,511 | +€13,320 | +23.3% |
| Trade debts | 44 | €10,742 | €11,575 | +€833 | +7.8% |
| Suppliers | 440/4 | €10,742 | €11,575 | +€833 | +7.8% |
| Taxes, remuneration and social security | 45 | €45,441 | €58,937 | +€13,496 | +29.7% |
| Taxes | 450/3 | €45,441 | €58,937 | +€13,496 | +29.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,009 | €0 | -€1,009 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €250 | €0 | -€250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €772 | -€226 | -22.7% |
| Other operating charges | 640/8 | €694 | €373 | -€321 | -46.3% |
| Gross operating margin | 9900 | €113,065 | €105,166 | -€7,899 | -7.0% |
| Operating profit (loss) | 9901 | €111,123 | €104,022 | -€7,101 | -6.4% |
| Financial income | 75/76B | €1,463 | €3,544 | +€2,080 | +142.2% |
| Recurring financial income | 75 | €1,463 | €3,544 | +€2,080 | +142.2% |
| Financial charges | 65/66B | €541 | €1,579 | +€1,038 | +191.8% |
| Recurring financial charges | 65 | €541 | €1,579 | +€1,038 | +191.8% |
| Profit (loss) for the period before taxes | 9903 | €112,045 | €105,987 | -€6,058 | -5.4% |
| Income taxes | 67/77 | €25,330 | €23,729 | -€1,601 | -6.3% |
| Profit (loss) for the period | 9904 | €86,716 | €82,258 | -€4,457 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,716 | €82,258 | -€4,457 | -5.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.