MM EVOLUTION: 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 EVOLUTION
Largest movements
- Cash -€7,113
down €7,113 (-99.9%), from €7,118 to €5
mainly Net result for the year (-€14,276) and Other debts (-€2,004)
- Deferred charges and accrued income -€1,360
no longer reported in 2025 (was €1,360)
- Receivables within one year -€1,100
down €1,100 (-6.1%), from €18,155 to €17,055
of which Trade receivables: -€1,095
- Tangible fixed assets -€460
no longer reported in 2025 (was €460)
- Profit (loss) carried forward -€14,276
down €14,276, from €13,602 to -€674
- Short-term financial debts +€3,747
new in 2025: €3,747
- Other debts -€2,004
down €2,004 (-76.7%), from €2,614 to €610
- Tax, wage and social debts +€1,530
up €1,530 (+22.3%), from €6,863 to €8,392
of which Remuneration and social security: +€3,836
- Trade debts +€971
up €971 (+58.2%), from €1,669 to €2,641
- Gross operating margin -€29,365
down €29,365, from €17,154 to -€12,212
- Taxes -€5,348
down €5,348, from €4,345 to -€1,004
- Financial charges -€690
down €690 (-21.8%), from €3,161 to €2,471
- Other operating charges -€396
down €396 (-70.8%), from €559 to €163
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 | €27,248 | €17,216 | -€10,033 | -36.8% |
| Fixed assets | 21/28 | €615 | €155 | -€460 | -74.8% |
| Tangible fixed assets | 22/27 | €460 | - | -€460 | |
| Furniture and vehicles | 24 | €460 | - | -€460 | |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €26,633 | €17,061 | -€9,573 | -35.9% |
| Amounts receivable within one year | 40/41 | €18,155 | €17,055 | -€1,100 | -6.1% |
| Trade receivables | 40 | €18,150 | €17,055 | -€1,095 | -6.0% |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €7,118 | €5 | -€7,113 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,360 | - | -€1,360 | |
| Total equity and liabilities | 10/49 | €27,248 | €17,216 | -€10,033 | -36.8% |
| Equity | 10/15 | €16,102 | €1,826 | -€14,276 | -88.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,602 | -€674 | -€14,276 | |
| Amounts payable | 17/49 | €11,146 | €15,389 | +€4,243 | +38.1% |
| Amounts payable within one year | 42/48 | €11,146 | €15,389 | +€4,243 | +38.1% |
| Financial debts | 43 | - | €3,747 | +€3,747 | |
| Credit institutions | 430/8 | - | €3,747 | +€3,747 | |
| Trade debts | 44 | €1,669 | €2,641 | +€971 | +58.2% |
| Suppliers | 440/4 | €1,669 | €2,641 | +€971 | +58.2% |
| Taxes, remuneration and social security | 45 | €6,863 | €8,392 | +€1,530 | +22.3% |
| Taxes | 450/3 | €6,863 | €4,557 | -€2,306 | -33.6% |
| Remuneration and social security | 454/9 | - | €3,836 | +€3,836 | |
| Other amounts payable | 47/48 | €2,614 | €610 | -€2,004 | -76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €460 | -€40 | -7.9% |
| Other operating charges | 640/8 | €559 | €163 | -€396 | -70.8% |
| Gross operating margin | 9900 | €17,154 | -€12,212 | -€29,365 | |
| Operating profit (loss) | 9901 | €16,095 | -€12,835 | -€28,930 | |
| Financial income | 75/76B | €0 | €26 | +€26 | +52560.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +52560.0% |
| Financial charges | 65/66B | €3,161 | €2,471 | -€690 | -21.8% |
| Recurring financial charges | 65 | €3,161 | €2,471 | -€690 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €12,934 | -€15,280 | -€28,214 | |
| Income taxes | 67/77 | €4,345 | -€1,004 | -€5,348 | |
| Profit (loss) for the period | 9904 | €8,589 | -€14,276 | -€22,866 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,589 | -€14,276 | -€22,866 |
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 3 October 2026 via checked.be.