MM LINK: 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 LINK
Largest movements
- Receivables within one year +€19,679
up €19,679 (+74.8%), from €26,293 to €45,972
of which Trade receivables: +€21,175
- Cash -€9,346
down €9,346 (-32.1%), from €29,157 to €19,811
mainly Receivables within one year (-€19,679) and Trade debts (-€492)
- Reserves +€6,000
up €6,000 (+62.6%), from €9,587 to €15,587
of which Distributable reserves: +€6,000
- Tax, wage and social debts +€2,286
up €2,286 (+34.4%), from €6,654 to €8,940
- Other debts +€1,917
up €1,917 (+54.6%), from €3,510 to €5,427
- Gross operating margin -€7,551
down €7,551 (-44.6%), from €16,923 to €9,372
- Write-downs -€3,520
no longer reported in 2025 (was €3,520)
- Financial income +€1,369
up €1,369 (+416.3%), from €329 to €1,698
of which Non-recurring financial income: +€1,410
- Taxes -€427
down €427 (-9.1%), from €4,690 to €4,262
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.
Cash bridge derived
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 | €66,039 | €76,071 | +€10,032 | +15.2% |
| Current assets | 29/58 | €66,039 | €76,071 | +€10,032 | +15.2% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,293 | €45,972 | +€19,679 | +74.8% |
| Trade receivables | 40 | €24,797 | €45,972 | +€21,175 | +85.4% |
| Other amounts receivable | 41 | €1,496 | - | -€1,496 | |
| Cash at bank and in hand | 54/58 | €29,157 | €19,811 | -€9,346 | -32.1% |
| Deferred charges and accrued income | 490/1 | €589 | €288 | -€301 | -51.1% |
| Total equity and liabilities | 10/49 | €66,039 | €76,071 | +€10,032 | +15.2% |
| Equity | 10/15 | €50,554 | €56,876 | +€6,322 | +12.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €9,587 | €15,587 | +€6,000 | +62.6% |
| Non-distributable reserves | 130/1 | €1,187 | €1,187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,187 | €1,187 | = | 0.0% |
| Distributable reserves | 133 | €8,400 | €14,400 | +€6,000 | +71.4% |
| Profit (loss) carried forward | 14 | €34,768 | €35,090 | +€322 | +0.9% |
| Provisions and deferred taxes | 16 | €4,256 | €4,256 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,256 | €4,256 | = | 0.0% |
| Pensions and similar obligations | 160 | €4,256 | €4,256 | = | 0.0% |
| Amounts payable | 17/49 | €11,229 | €14,939 | +€3,711 | +33.0% |
| Amounts payable within one year | 42/48 | €11,229 | €14,939 | +€3,711 | +33.0% |
| Trade debts | 44 | €1,065 | €573 | -€492 | -46.2% |
| Suppliers | 440/4 | €1,065 | €573 | -€492 | -46.2% |
| Taxes, remuneration and social security | 45 | €6,654 | €8,940 | +€2,286 | +34.4% |
| Taxes | 450/3 | €6,654 | €8,940 | +€2,286 | +34.4% |
| Other amounts payable | 47/48 | €3,510 | €5,427 | +€1,917 | +54.6% |
| Non-recurring operating income | 76A | €446 | - | -€446 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,520 | - | -€3,520 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €16,923 | €9,372 | -€7,551 | -44.6% |
| Operating profit (loss) | 9901 | €13,018 | €8,985 | -€4,033 | -31.0% |
| Financial income | 75/76B | €329 | €1,698 | +€1,369 | +416.3% |
| Recurring financial income | 75 | €329 | €288 | -€41 | -12.4% |
| Non-recurring financial income | 76B | - | €1,410 | +€1,410 | |
| Financial charges | 65/66B | €220 | €99 | -€121 | -55.0% |
| Recurring financial charges | 65 | €220 | €99 | -€121 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €13,127 | €10,584 | -€2,543 | -19.4% |
| Income taxes | 67/77 | €4,690 | €4,262 | -€427 | -9.1% |
| Profit (loss) for the period | 9904 | €8,438 | €6,322 | -€2,116 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,438 | €6,322 | -€2,116 | -25.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.