MM Group: 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 Group
Largest movements
- Current investments -€370,000
down €370,000 (-100%), from €370,000 to €0
- Cash +€95,607
up €95,607 (+397%), from €24,058 to €119,665
mainly Net result for the year (+€1.1m) and Current investments (+€370,000)
- Other debts -€1.2m
down €1.2m (-57.4%), from €2.1m to €892,904
- Reserves +€1.1m
up €1.1m (+70.5%), from €1.6m to €2.7m
- Debts after one year -€316,211
down €316,211 (-33.2%), from €951,017 to €634,807
- Financial income +€952,751
up €952,751 (+472%), from €201,953 to €1.2m
- Taxes +€107,111
up €107,111 (+258%), from €41,552 to €148,663
- Gross operating margin +€22,622
up €22,622 (+15.9%), from €142,076 to €164,697
- Financial charges -€13,433
down €13,433 (-26.3%), from €51,172 to €37,739
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 | €5,769,479 | €5,460,421 | -€309,058 | -5.4% |
| Fixed assets | 21/28 | €4,719,456 | €4,719,456 | = | 0.0% |
| Financial fixed assets | 28 | €4,719,456 | €4,719,456 | = | 0.0% |
| Current assets | 29/58 | €1,050,023 | €740,965 | -€309,058 | -29.4% |
| Amounts receivable within one year | 40/41 | €628,593 | €608,699 | -€19,895 | -3.2% |
| Trade receivables | 40 | €25,034 | €24,887 | -€147 | -0.6% |
| Other amounts receivable | 41 | €603,559 | €583,812 | -€19,748 | -3.3% |
| Current investments | 50/53 | €370,000 | €0 | -€370,000 | -100% |
| Cash at bank and in hand | 54/58 | €24,058 | €119,665 | +€95,607 | +397% |
| Deferred charges and accrued income | 490/1 | €27,371 | €12,601 | -€14,770 | -54.0% |
| Total equity and liabilities | 10/49 | €5,769,479 | €5,460,421 | -€309,058 | -5.4% |
| Equity | 10/15 | €2,279,358 | €3,451,359 | +€1.2m | +51.4% |
| Contributions | 10/11 | €673,400 | €713,400 | +€40,000 | +5.9% |
| Reserves | 13 | €1,605,958 | €2,737,959 | +€1.1m | +70.5% |
| Distributable reserves | 133 | €1,605,958 | €2,737,959 | +€1.1m | +70.5% |
| Amounts payable | 17/49 | €3,490,120 | €2,009,061 | -€1.5m | -42.4% |
| Amounts payable after more than one year | 17 | €951,017 | €634,807 | -€316,211 | -33.2% |
| Financial debts | 170/4 | €951,017 | €634,807 | -€316,211 | -33.2% |
| Amounts payable within one year | 42/48 | €2,487,560 | €1,330,899 | -€1.2m | -46.5% |
| Current portion of amounts payable after more than one year | 42 | €315,421 | €316,211 | +€790 | +0.3% |
| Trade debts | 44 | €2,853 | €2,468 | -€385 | -13.5% |
| Suppliers | 440/4 | €2,853 | €2,468 | -€385 | -13.5% |
| Taxes, remuneration and social security | 45 | €75,330 | €119,317 | +€43,987 | +58.4% |
| Taxes | 450/3 | €75,330 | €119,317 | +€43,987 | +58.4% |
| Other amounts payable | 47/48 | €2,093,957 | €892,904 | -€1.2m | -57.4% |
| Accrued charges and deferred income | 492/3 | €51,543 | €43,356 | -€8,187 | -15.9% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €142,076 | €164,697 | +€22,622 | +15.9% |
| Operating profit (loss) | 9901 | €141,108 | €163,699 | +€22,591 | +16.0% |
| Financial income | 75/76B | €201,953 | €1,154,704 | +€952,751 | +472% |
| Recurring financial income | 75 | €201,953 | €1,154,704 | +€952,751 | +472% |
| Financial charges | 65/66B | €51,172 | €37,739 | -€13,433 | -26.3% |
| Recurring financial charges | 65 | €51,172 | €37,739 | -€13,433 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | €291,890 | €1,280,664 | +€988,774 | +339% |
| Income taxes | 67/77 | €41,552 | €148,663 | +€107,111 | +258% |
| Profit (loss) for the period | 9904 | €250,337 | €1,132,001 | +€881,664 | +352% |
| Profit (loss) for the period to be appropriated | 9905 | €250,337 | €1,132,001 | +€881,664 | +352% |
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 21 October 2026 via checked.be.