MM-Experience: 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-Experience
Largest movements
- Cash -€23,593
down €23,593 (-68.1%), from €34,621 to €11,028
mainly Investment in fixed assets (net) (-€22,730) and Contributions, distributions and other (-€11,357)
- Tangible fixed assets +€16,991
up €16,991 (+77.9%), from €21,814 to €38,805
of which Furniture and vehicles: +€20,633
- Receivables within one year +€6,843
up €6,843 (+68.4%), from €10,011 to €16,854
of which Trade receivables: +€8,932
- Deferred charges and accrued income +€681
up €681 (+156.5%), from €435 to €1,116
- Tax, wage and social debts +€2,540
up €2,540 (+220.8%), from €1,150 to €3,690
- Other debts -€1,184
down €1,184 (-9.4%), from €12,601 to €11,417
- Gross operating margin +€7,041
up €7,041 (+47.0%), from €14,989 to €22,030
- Depreciation +€3,440
up €3,440 (+149.6%), from €2,299 to €5,739
- Financial charges -€1,188
down €1,188 (-95.3%), from €1,247 to €59
- Taxes +€1,165
up €1,165 (+40.7%), from €2,863 to €4,029
- Other operating charges +€414
up €414 (+88.2%), from €470 to €884
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 | €66,882 | €67,803 | +€922 | +1.4% |
| Fixed assets | 21/28 | €21,814 | €38,805 | +€16,991 | +77.9% |
| Tangible fixed assets | 22/27 | €21,814 | €38,805 | +€16,991 | +77.9% |
| Plant, machinery and equipment | 23 | €4,113 | €3,426 | -€687 | -16.7% |
| Furniture and vehicles | 24 | - | €20,633 | +€20,633 | |
| Other tangible fixed assets | 26 | €17,701 | €14,746 | -€2,955 | -16.7% |
| Current assets | 29/58 | €45,067 | €28,998 | -€16,069 | -35.7% |
| Amounts receivable within one year | 40/41 | €10,011 | €16,854 | +€6,843 | +68.4% |
| Trade receivables | 40 | €7,922 | €16,854 | +€8,932 | +112.7% |
| Other amounts receivable | 41 | €2,089 | €0 | -€2,089 | -100.0% |
| Cash at bank and in hand | 54/58 | €34,621 | €11,028 | -€23,593 | -68.1% |
| Deferred charges and accrued income | 490/1 | €435 | €1,116 | +€681 | +156.5% |
| Total equity and liabilities | 10/49 | €66,882 | €67,803 | +€922 | +1.4% |
| Equity | 10/15 | €11,924 | €11,924 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,924 | €6,924 | = | 0.0% |
| Distributable reserves | 133 | €6,924 | €6,924 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €54,958 | €55,879 | +€922 | +1.7% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Other amounts payable | 178/9 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,600 | €15,879 | +€1,280 | +8.8% |
| Trade debts | 44 | €849 | €773 | -€76 | -8.9% |
| Suppliers | 440/4 | €849 | €773 | -€76 | -8.9% |
| Taxes, remuneration and social security | 45 | €1,150 | €3,690 | +€2,540 | +220.8% |
| Taxes | 450/3 | €1,150 | €3,690 | +€2,540 | +220.8% |
| Other amounts payable | 47/48 | €12,601 | €11,417 | -€1,184 | -9.4% |
| Accrued charges and deferred income | 492/3 | €358 | €0 | -€358 | -100.0% |
| Remuneration, social security and pensions | 62 | €174 | €0 | -€174 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,299 | €5,739 | +€3,440 | +149.6% |
| Other operating charges | 640/8 | €470 | €884 | +€414 | +88.2% |
| Gross operating margin | 9900 | €14,989 | €22,030 | +€7,041 | +47.0% |
| Operating profit (loss) | 9901 | €12,046 | €15,406 | +€3,360 | +27.9% |
| Financial income | 75/76B | €17 | €38 | +€21 | +127.4% |
| Recurring financial income | 75 | €17 | €38 | +€21 | +127.4% |
| Financial charges | 65/66B | €1,247 | €59 | -€1,188 | -95.3% |
| Recurring financial charges | 65 | €1,247 | €59 | -€1,188 | -95.3% |
| Profit (loss) for the period before taxes | 9903 | €10,816 | €15,386 | +€4,570 | +42.2% |
| Income taxes | 67/77 | €2,863 | €4,029 | +€1,165 | +40.7% |
| Profit (loss) for the period | 9904 | €7,953 | €11,357 | +€3,404 | +42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,953 | €11,357 | +€3,404 | +42.8% |
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 6 October 2026 via checked.be.