MM INFI: 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 INFI
Largest movements
- Receivables within one year -€30,945
down €30,945 (-81.7%), from €37,869 to €6,924
of which Trade receivables: -€16,356
- Cash +€13,168
up €13,168 (+39.0%), from €33,748 to €46,916
mainly Other debts (+€32,730) and Receivables within one year (+€30,945)
- Intangible fixed assets -€10,000
down €10,000 (-50.1%), from €19,973 to €9,973
- Deferred charges and accrued income +€9,451
up €9,451 (+3,563%), from €265 to €9,717
- Tangible fixed assets -€1,636
down €1,636 (-47.8%), from €3,420 to €1,784
- Profit (loss) carried forward -€59,881
down €59,881 (-80.0%), from €74,881 to €15,000
- Other debts +€32,730
new in 2025: €32,730
- Tax, wage and social debts +€11,629
up €11,629 (+239%), from €4,874 to €16,503
of which Taxes: +€11,510
- Trade debts -€5,222
down €5,222 (-94.6%), from €5,521 to €300
- Gross operating margin -€15,547
down €15,547 (-42.4%), from €36,641 to €21,094
- Taxes -€2,777
down €2,777 (-52.4%), from €5,302 to €2,524
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 | €95,276 | €75,313 | -€19,962 | -21.0% |
| Fixed assets | 21/28 | €23,393 | €11,756 | -€11,636 | -49.7% |
| Intangible fixed assets | 21 | €19,973 | €9,973 | -€10,000 | -50.1% |
| Tangible fixed assets | 22/27 | €3,420 | €1,784 | -€1,636 | -47.8% |
| Furniture and vehicles | 24 | €3,420 | €1,784 | -€1,636 | -47.8% |
| Current assets | 29/58 | €71,883 | €63,557 | -€8,326 | -11.6% |
| Amounts receivable within one year | 40/41 | €37,869 | €6,924 | -€30,945 | -81.7% |
| Trade receivables | 40 | €16,356 | - | -€16,356 | |
| Other amounts receivable | 41 | €21,513 | €6,924 | -€14,589 | -67.8% |
| Cash at bank and in hand | 54/58 | €33,748 | €46,916 | +€13,168 | +39.0% |
| Deferred charges and accrued income | 490/1 | €265 | €9,717 | +€9,451 | +3,563% |
| Total equity and liabilities | 10/49 | €95,276 | €75,313 | -€19,962 | -21.0% |
| Equity | 10/15 | €84,881 | €25,000 | -€59,881 | -70.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,881 | €15,000 | -€59,881 | -80.0% |
| Amounts payable | 17/49 | €10,395 | €50,313 | +€39,918 | +384% |
| Amounts payable within one year | 42/48 | €10,395 | €50,313 | +€39,918 | +384% |
| Financial debts | 43 | - | €780 | +€780 | |
| Credit institutions | 430/8 | - | €780 | +€780 | |
| Trade debts | 44 | €5,521 | €300 | -€5,222 | -94.6% |
| Suppliers | 440/4 | €5,521 | €300 | -€5,222 | -94.6% |
| Taxes, remuneration and social security | 45 | €4,874 | €16,503 | +€11,629 | +239% |
| Taxes | 450/3 | €2,866 | €14,375 | +€11,510 | +402% |
| Remuneration and social security | 454/9 | €2,008 | €2,128 | +€120 | +6.0% |
| Other amounts payable | 47/48 | - | €32,730 | +€32,730 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,846 | €11,636 | -€209 | -1.8% |
| Other operating charges | 640/8 | €547 | €788 | +€242 | +44.3% |
| Gross operating margin | 9900 | €36,641 | €21,094 | -€15,547 | -42.4% |
| Operating profit (loss) | 9901 | €24,249 | €8,670 | -€15,579 | -64.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €163 | €133 | -€30 | -18.3% |
| Recurring financial charges | 65 | €163 | €133 | -€30 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €24,086 | €8,537 | -€15,549 | -64.6% |
| Income taxes | 67/77 | €5,302 | €2,524 | -€2,777 | -52.4% |
| Profit (loss) for the period | 9904 | €18,784 | €6,012 | -€12,772 | -68.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,784 | €6,012 | -€12,772 | -68.0% |
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.