MM&i: 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&i
Largest movements
- Receivables within one year +€66,026
up €66,026 (+21.2%), from €311,327 to €377,353
of which Other amounts receivable: +€68,444
- Tangible fixed assets +€10,384
up €10,384 (+235.2%), from €4,414 to €14,798
of which Furniture and vehicles: +€12,767
- Stocks and contracts +€5,350
up €5,350 (+42.8%), from €12,500 to €17,850
- Profit (loss) carried forward +€63,491
up €63,491 (+25.0%), from €253,644 to €317,136
- Tax, wage and social debts +€17,244
up €17,244 (+66.6%), from €25,904 to €43,147
- Gross operating margin +€29,320
up €29,320 (+56.6%), from €51,789 to €81,109
- Taxes +€9,999
up €9,999 (+65.3%), from €15,323 to €25,322
- Depreciation -€5,885
down €5,885 (-58.6%), from €10,041 to €4,156
- Financial charges +€5,652
up €5,652, from -€858 to €4,794
- Financial income -€3,087
down €3,087 (-15.4%), from €20,025 to €16,938
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,252 | €411,248 | +€82,996 | +25.3% |
| Fixed assets | 21/28 | €4,414 | €14,798 | +€10,384 | +235.2% |
| Tangible fixed assets | 22/27 | €4,414 | €14,798 | +€10,384 | +235.2% |
| Furniture and vehicles | 24 | €1,631 | €14,398 | +€12,767 | +782.7% |
| Leasing and similar rights | 25 | €2,283 | - | -€2,283 | |
| Other tangible fixed assets | 26 | €500 | €400 | -€100 | -20.0% |
| Current assets | 29/58 | €323,838 | €396,450 | +€72,612 | +22.4% |
| Stocks and contracts in progress | 3 | €12,500 | €17,850 | +€5,350 | +42.8% |
| Stocks | 30/36 | €12,500 | €17,850 | +€5,350 | +42.8% |
| Amounts receivable within one year | 40/41 | €311,327 | €377,353 | +€66,026 | +21.2% |
| Trade receivables | 40 | €4,386 | €1,968 | -€2,418 | -55.1% |
| Other amounts receivable | 41 | €306,941 | €375,385 | +€68,444 | +22.3% |
| Cash at bank and in hand | 54/58 | €11 | €669 | +€658 | +6263.7% |
| Deferred charges and accrued income | 490/1 | - | €578 | +€578 | |
| Total equity and liabilities | 10/49 | €328,252 | €411,248 | +€82,996 | +25.3% |
| Equity | 10/15 | €274,244 | €337,736 | +€63,491 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €253,644 | €317,136 | +€63,491 | +25.0% |
| Amounts payable | 17/49 | €54,008 | €73,513 | +€19,505 | +36.1% |
| Amounts payable after more than one year | 17 | €15,786 | €15,786 | = | 0.0% |
| Financial debts | 170/4 | €15,786 | €15,786 | = | 0.0% |
| Amounts payable within one year | 42/48 | €38,222 | €57,727 | +€19,505 | +51.0% |
| Current portion of amounts payable after more than one year | 42 | €4,113 | €4,113 | = | 0.0% |
| Financial debts | 43 | €4,641 | €4,572 | -€70 | -1.5% |
| Credit institutions | 430/8 | €4,641 | €4,572 | -€70 | -1.5% |
| Trade debts | 44 | €3,564 | €5,895 | +€2,331 | +65.4% |
| Suppliers | 440/4 | €3,564 | €5,895 | +€2,331 | +65.4% |
| Taxes, remuneration and social security | 45 | €25,904 | €43,147 | +€17,244 | +66.6% |
| Taxes | 450/3 | €25,904 | €43,147 | +€17,244 | +66.6% |
| Non-recurring operating income | 76A | €22,972 | - | -€22,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,041 | €4,156 | -€5,885 | -58.6% |
| Other operating charges | 640/8 | €1,323 | €283 | -€1,040 | -78.6% |
| Non-recurring operating charges | 66A | €6,545 | - | -€6,545 | |
| Gross operating margin | 9900 | €51,789 | €81,109 | +€29,320 | +56.6% |
| Operating profit (loss) | 9901 | €33,880 | €76,670 | +€42,790 | +126.3% |
| Financial income | 75/76B | €20,025 | €16,938 | -€3,087 | -15.4% |
| Recurring financial income | 75 | €20,025 | €16,938 | -€3,087 | -15.4% |
| Financial charges | 65/66B | -€858 | €4,794 | +€5,652 | |
| Recurring financial charges | 65 | -€858 | €4,794 | +€5,652 | |
| Profit (loss) for the period before taxes | 9903 | €54,762 | €88,814 | +€34,052 | +62.2% |
| Income taxes | 67/77 | €15,323 | €25,322 | +€9,999 | +65.3% |
| Profit (loss) for the period | 9904 | €39,439 | €63,491 | +€24,053 | +61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,439 | €63,491 | +€24,053 | +61.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.