MM. CONCEPT: 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. CONCEPT
Largest movements
- Receivables within one year +€15,389
up €15,389 (+402%), from €3,830 to €19,219
of which Trade receivables: +€13,310
- Tangible fixed assets +€1,070
up €1,070 (+6.5%), from €16,441 to €17,511
of which Furniture and vehicles: +€1,574
- Cash -€978
down €978 (-2.5%), from €39,073 to €38,095
mainly Receivables within one year (-€15,389) and Investment in fixed assets (net) (-€5,351)
- Reserves +€17,000
up €17,000 (+35.6%), from €47,750 to €64,750
- Trade debts -€983
down €983 (-32.9%), from €2,992 to €2,009
- Tax, wage and social debts -€802
down €802 (-16.0%), from €5,005 to €4,203
- Depreciation +€1,381
up €1,381 (+47.6%), from €2,900 to €4,281
- Gross operating margin +€1,199
up €1,199 (+4.0%), from €29,842 to €31,041
- Taxes +€350
up €350 (+4.6%), from €7,690 to €8,040
- Financial income +€336
up €336 (+517%), from €65 to €401
- Financial charges -€319
down €319 (-25.7%), from €1,243 to €924
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 | €59,430 | €74,825 | +€15,395 | +25.9% |
| Fixed assets | 21/28 | €16,441 | €17,511 | +€1,070 | +6.5% |
| Tangible fixed assets | 22/27 | €16,441 | €17,511 | +€1,070 | +6.5% |
| Furniture and vehicles | 24 | €8,508 | €10,082 | +€1,574 | +18.5% |
| Other tangible fixed assets | 26 | €7,933 | €7,429 | -€504 | -6.4% |
| Current assets | 29/58 | €42,989 | €57,314 | +€14,325 | +33.3% |
| Amounts receivable within one year | 40/41 | €3,830 | €19,219 | +€15,389 | +402% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €3,830 | €5,909 | +€2,079 | +54.3% |
| Cash at bank and in hand | 54/58 | €39,073 | €38,095 | -€978 | -2.5% |
| Deferred charges and accrued income | 490/1 | €86 | - | -€86 | |
| Total equity and liabilities | 10/49 | €59,430 | €74,825 | +€15,395 | +25.9% |
| Equity | 10/15 | €51,433 | €68,613 | +€17,180 | +33.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €47,750 | €64,750 | +€17,000 | +35.6% |
| Distributable reserves | 133 | €47,750 | €64,750 | +€17,000 | +35.6% |
| Profit (loss) carried forward | 14 | €1,183 | €1,363 | +€180 | +15.2% |
| Amounts payable | 17/49 | €7,997 | €6,212 | -€1,785 | -22.3% |
| Amounts payable within one year | 42/48 | €7,997 | €6,212 | -€1,785 | -22.3% |
| Trade debts | 44 | €2,992 | €2,009 | -€983 | -32.9% |
| Suppliers | 440/4 | €2,992 | €2,009 | -€983 | -32.9% |
| Taxes, remuneration and social security | 45 | €5,005 | €4,203 | -€802 | -16.0% |
| Taxes | 450/3 | €5,005 | €4,203 | -€802 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,900 | €4,281 | +€1,381 | +47.6% |
| Other operating charges | 640/8 | €886 | €1,017 | +€131 | +14.8% |
| Gross operating margin | 9900 | €29,842 | €31,041 | +€1,199 | +4.0% |
| Operating profit (loss) | 9901 | €26,056 | €25,743 | -€313 | -1.2% |
| Financial income | 75/76B | €65 | €401 | +€336 | +517% |
| Recurring financial income | 75 | €65 | €401 | +€336 | +517% |
| Financial charges | 65/66B | €1,243 | €924 | -€319 | -25.7% |
| Recurring financial charges | 65 | €1,243 | €924 | -€319 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €24,878 | €25,220 | +€342 | +1.4% |
| Income taxes | 67/77 | €7,690 | €8,040 | +€350 | +4.6% |
| Profit (loss) for the period | 9904 | €17,188 | €17,180 | -€8 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,188 | €17,180 | -€8 | 0.0% |
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 13 October 2026 via checked.be.