MM DERM: 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 DERM
Largest movements
- Tangible fixed assets +€69,231
new in 2025: €69,231
of which Furniture and vehicles: +€58,631
- Cash +€35,859
up €35,859 (+345.7%), from €10,373 to €46,232
mainly Net result for the year (+€68,733) and Debts after one year (+€44,341)
- Deferred charges and accrued income +€15,780
up €15,780 (+573.8%), from €2,750 to €18,530
- Reserves +€45,895
new in 2025: €45,895
- Debts after one year +€44,341
new in 2025: €44,341
- Profit (loss) carried forward +€22,838
no longer reported in 2025 (was -€22,838)
- Other debts -€17,909
down €17,909 (-85.0%), from €21,058 to €3,149
- Tax, wage and social debts +€12,976
new in 2025: €12,976
- Gross operating margin +€115,613
up €115,613, from -€22,802 to €92,811
- Taxes +€12,976
new in 2025: €12,976
- Other operating charges +€6,648
new in 2025: €6,648
- Depreciation +€3,684
new in 2025: €3,684
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 | €14,383 | €135,831 | +€121,448 | +844.4% |
| Fixed assets | 21/28 | €62 | €69,292 | +€69,231 | +112278.1% |
| Tangible fixed assets | 22/27 | - | €69,231 | +€69,231 | |
| Furniture and vehicles | 24 | - | €58,631 | +€58,631 | |
| Other tangible fixed assets | 26 | - | €10,600 | +€10,600 | |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €14,321 | €66,539 | +€52,218 | +364.6% |
| Amounts receivable within one year | 40/41 | €1,198 | €1,777 | +€579 | +48.3% |
| Trade receivables | 40 | €1,198 | €1,777 | +€579 | +48.3% |
| Cash at bank and in hand | 54/58 | €10,373 | €46,232 | +€35,859 | +345.7% |
| Deferred charges and accrued income | 490/1 | €2,750 | €18,530 | +€15,780 | +573.8% |
| Total equity and liabilities | 10/49 | €14,383 | €135,831 | +€121,448 | +844.4% |
| Equity | 10/15 | -€7,838 | €60,895 | +€68,733 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €45,895 | +€45,895 | |
| Distributable reserves | 133 | - | €45,895 | +€45,895 | |
| Profit (loss) carried forward | 14 | -€22,838 | - | +€22,838 | |
| Amounts payable | 17/49 | €22,221 | €74,936 | +€52,715 | +237.2% |
| Amounts payable after more than one year | 17 | - | €44,341 | +€44,341 | |
| Financial debts | 170/4 | - | €44,341 | +€44,341 | |
| Amounts payable within one year | 42/48 | €22,221 | €30,595 | +€8,374 | +37.7% |
| Current portion of amounts payable after more than one year | 42 | - | €10,892 | +€10,892 | |
| Trade debts | 44 | €1,163 | €3,578 | +€2,415 | +207.7% |
| Suppliers | 440/4 | €1,163 | €3,578 | +€2,415 | +207.7% |
| Taxes, remuneration and social security | 45 | - | €12,976 | +€12,976 | |
| Taxes | 450/3 | - | €12,976 | +€12,976 | |
| Other amounts payable | 47/48 | €21,058 | €3,149 | -€17,909 | -85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,684 | +€3,684 | |
| Other operating charges | 640/8 | - | €6,648 | +€6,648 | |
| Gross operating margin | 9900 | -€22,802 | €92,811 | +€115,613 | |
| Operating profit (loss) | 9901 | -€22,802 | €82,480 | +€105,281 | |
| Financial charges | 65/66B | €37 | €770 | +€734 | +2010.8% |
| Recurring financial charges | 65 | €37 | €770 | +€734 | +2010.8% |
| Profit (loss) for the period before taxes | 9903 | -€22,838 | €81,709 | +€104,547 | |
| Income taxes | 67/77 | - | €12,976 | +€12,976 | |
| Profit (loss) for the period | 9904 | -€22,838 | €68,733 | +€91,572 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,838 | €68,733 | +€91,572 |
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 4 October 2026 via checked.be.