MM&I Management: 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&I Management
Largest movements
- Receivables within one year +€71,881
up €71,881 (+4,384%), from €1,640 to €73,521
of which Other amounts receivable: +€73,449
- Cash -€16,128
down €16,128 (-31.5%), from €51,246 to €35,118
mainly Receivables within one year (-€71,881) and Investment in fixed assets (net) (-€13,738)
- Trade debts +€28,951
up €28,951 (+299%), from €9,669 to €38,619
- Reserves +€27,578
up €27,578 (+70.0%), from €39,373 to €66,951
- Debts after one year -€5,475
down €5,475 (-2.9%), from €186,468 to €180,993
of which Financial debts: -€5,475
- Other debts +€5,115
up €5,115 (+25.5%), from €20,064 to €25,179
- Gross operating margin +€12,048
up €12,048 (+27.3%), from €44,201 to €56,249
- Taxes +€2,043
up €2,043 (+40.1%), from €5,096 to €7,139
- Depreciation +€1,684
up €1,684 (+15.1%), from €11,183 to €12,867
- Financial income +€620
up €620, from €0 to €620
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 | €276,237 | €333,326 | +€57,089 | +20.7% |
| Fixed assets | 21/28 | €222,062 | €222,933 | +€871 | +0.4% |
| Tangible fixed assets | 22/27 | €222,062 | €222,933 | +€871 | +0.4% |
| Land and buildings | 22 | €218,503 | €208,100 | -€10,403 | -4.8% |
| Plant, machinery and equipment | 23 | €2,360 | €1,692 | -€668 | -28.3% |
| Furniture and vehicles | 24 | €1,199 | €7,744 | +€6,545 | +546% |
| Other tangible fixed assets | 26 | - | €5,397 | +€5,397 | |
| Current assets | 29/58 | €54,175 | €110,393 | +€56,218 | +104% |
| Amounts receivable within one year | 40/41 | €1,640 | €73,521 | +€71,881 | +4,384% |
| Trade receivables | 40 | €1,568 | €0 | -€1,568 | -100% |
| Other amounts receivable | 41 | €72 | €73,521 | +€73,449 | +101,786% |
| Cash at bank and in hand | 54/58 | €51,246 | €35,118 | -€16,128 | -31.5% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,754 | +€465 | +36.1% |
| Total equity and liabilities | 10/49 | €276,237 | €333,326 | +€57,089 | +20.7% |
| Equity | 10/15 | €44,373 | €71,951 | +€27,578 | +62.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,373 | €66,951 | +€27,578 | +70.0% |
| Distributable reserves | 133 | €39,373 | €66,951 | +€27,578 | +70.0% |
| Amounts payable | 17/49 | €231,863 | €261,375 | +€29,511 | +12.7% |
| Amounts payable after more than one year | 17 | €186,468 | €180,993 | -€5,475 | -2.9% |
| Financial debts | 170/4 | €86,468 | €80,993 | -€5,475 | -6.3% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €43,996 | €78,982 | +€34,987 | +79.5% |
| Current portion of amounts payable after more than one year | 42 | €5,252 | €5,475 | +€224 | +4.3% |
| Trade debts | 44 | €9,669 | €38,619 | +€28,951 | +299% |
| Suppliers | 440/4 | €9,669 | €38,619 | +€28,951 | +299% |
| Taxes, remuneration and social security | 45 | €9,011 | €9,708 | +€697 | +7.7% |
| Taxes | 450/3 | €7,511 | €8,208 | +€697 | +9.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €20,064 | €25,179 | +€5,115 | +25.5% |
| Accrued charges and deferred income | 492/3 | €1,400 | €1,400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,183 | €12,867 | +€1,684 | +15.1% |
| Other operating charges | 640/8 | €1,583 | €1,783 | +€200 | +12.6% |
| Gross operating margin | 9900 | €44,201 | €56,249 | +€12,048 | +27.3% |
| Operating profit (loss) | 9901 | €31,435 | €41,599 | +€10,164 | +32.3% |
| Financial income | 75/76B | €0 | €620 | +€620 | |
| Recurring financial income | 75 | €0 | €620 | +€620 | |
| Financial charges | 65/66B | €7,736 | €7,502 | -€235 | -3.0% |
| Recurring financial charges | 65 | €7,736 | €7,502 | -€235 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €23,698 | €34,717 | +€11,018 | +46.5% |
| Income taxes | 67/77 | €5,096 | €7,139 | +€2,043 | +40.1% |
| Profit (loss) for the period | 9904 | €18,602 | €27,578 | +€8,976 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,602 | €27,578 | +€8,976 | +48.3% |
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 17 October 2026 via checked.be.