MM Expertise Services: 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 Expertise Services
Largest movements
- Receivables within one year -€2,282
down €2,282 (-11.4%), from €19,958 to €17,676
- Cash +€2,201
up €2,201 (+89.3%), from €2,464 to €4,665
mainly Net result for the year (+€6,379) and Tax, wage and social debts (+€2,622)
- Deferred charges and accrued income -€2,009
down €2,009 (-100%), from €2,009 to €0
- Tangible fixed assets -€1,177
down €1,177 (-14.1%), from €8,335 to €7,159
of which Other tangible fixed assets: -€779
- Trade debts -€8,140
down €8,140 (-58.1%), from €14,010 to €5,870
- Profit (loss) carried forward +€6,379
up €6,379 (+253%), from €2,518 to €8,897
- Other debts -€4,127
down €4,127 (-67.2%), from €6,142 to €2,015
- Tax, wage and social debts +€2,622
up €2,622 (+37.0%), from €7,095 to €9,717
of which Taxes: +€2,622
- Gross operating margin +€5,998
up €5,998 (+119%), from €5,026 to €11,024
- Taxes +€1,833
up €1,833 (+181%), from €1,011 to €2,845
- Depreciation +€526
up €526 (+80.9%), from €650 to €1,177
- Other operating charges -€382
down €382 (-42.4%), from €902 to €520
- Financial income -€115
down €115 (-98.1%), from €117 to €2
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 | €32,766 | €29,500 | -€3,267 | -10.0% |
| Fixed assets | 21/28 | €8,335 | €7,159 | -€1,177 | -14.1% |
| Tangible fixed assets | 22/27 | €8,335 | €7,159 | -€1,177 | -14.1% |
| Furniture and vehicles | 24 | €1,060 | €663 | -€397 | -37.5% |
| Other tangible fixed assets | 26 | €7,275 | €6,496 | -€779 | -10.7% |
| Current assets | 29/58 | €24,431 | €22,341 | -€2,090 | -8.6% |
| Amounts receivable within one year | 40/41 | €19,958 | €17,676 | -€2,282 | -11.4% |
| Trade receivables | 40 | €19,958 | €17,676 | -€2,282 | -11.4% |
| Cash at bank and in hand | 54/58 | €2,464 | €4,665 | +€2,201 | +89.3% |
| Deferred charges and accrued income | 490/1 | €2,009 | €0 | -€2,009 | -100% |
| Total equity and liabilities | 10/49 | €32,766 | €29,500 | -€3,267 | -10.0% |
| Equity | 10/15 | €5,518 | €11,897 | +€6,379 | +116% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,518 | €8,897 | +€6,379 | +253% |
| Amounts payable | 17/49 | €27,248 | €17,602 | -€9,645 | -35.4% |
| Amounts payable within one year | 42/48 | €27,248 | €17,602 | -€9,645 | -35.4% |
| Trade debts | 44 | €14,010 | €5,870 | -€8,140 | -58.1% |
| Suppliers | 440/4 | €14,010 | €5,870 | -€8,140 | -58.1% |
| Taxes, remuneration and social security | 45 | €7,095 | €9,717 | +€2,622 | +37.0% |
| Taxes | 450/3 | €4,795 | €7,417 | +€2,622 | +54.7% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €6,142 | €2,015 | -€4,127 | -67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €650 | €1,177 | +€526 | +80.9% |
| Other operating charges | 640/8 | €902 | €520 | -€382 | -42.4% |
| Gross operating margin | 9900 | €5,026 | €11,024 | +€5,998 | +119% |
| Operating profit (loss) | 9901 | €3,474 | €9,327 | +€5,854 | +169% |
| Financial income | 75/76B | €117 | €2 | -€115 | -98.1% |
| Recurring financial income | 75 | €117 | €2 | -€115 | -98.1% |
| Financial charges | 65/66B | €61 | €106 | +€45 | +73.8% |
| Recurring financial charges | 65 | €61 | €106 | +€45 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €3,530 | €9,223 | +€5,694 | +161% |
| Income taxes | 67/77 | €1,011 | €2,845 | +€1,833 | +181% |
| Profit (loss) for the period | 9904 | €2,518 | €6,379 | +€3,860 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €2,518 | €6,379 | +€3,860 | +153% |
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 26 October 2026 via checked.be.