MM 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 MANAGEMENT
Largest movements
- Tangible fixed assets -€32,266
down €32,266 (-7.0%), from €462,105 to €429,839
- Receivables within one year +€25,906
up €25,906 (+269.1%), from €9,627 to €35,533
- Cash -€8,248
down €8,248 (-46.6%), from €17,690 to €9,442
mainly Other debts (-€33,384) and Receivables within one year (-€25,906)
- Deferred charges and accrued income +€5,964
up €5,964 (+108.4%), from €5,504 to €11,468
- Reserves +€40,000
up €40,000 (+2150.5%), from €1,860 to €41,860
- Other debts -€33,384
down €33,384 (-21.6%), from €154,345 to €120,961
- Accrued charges and deferred income -€13,850
down €13,850 (-76.5%), from €18,094 to €4,244
- Debts after one year -€12,000
down €12,000 (-73.5%), from €16,335 to €4,335
- Gross operating margin +€48,660
up €48,660 (+55.8%), from €87,170 to €135,830
- Staff costs +€19,727
new in 2025: €19,727
- Taxes +€14,061
up €14,061 (+126.7%), from €11,100 to €25,161
- Financial charges -€4,405
down €4,405 (-30.7%), from €14,358 to €9,953
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 | €494,925 | €486,281 | -€8,645 | -1.7% |
| Fixed assets | 21/28 | €462,105 | €429,839 | -€32,266 | -7.0% |
| Tangible fixed assets | 22/27 | €462,105 | €429,839 | -€32,266 | -7.0% |
| Land and buildings | 22 | €416,247 | €400,839 | -€15,408 | -3.7% |
| Furniture and vehicles | 24 | €31,966 | €20,318 | -€11,648 | -36.4% |
| Leasing and similar rights | 25 | €13,891 | €8,682 | -€5,209 | -37.5% |
| Current assets | 29/58 | €32,821 | €56,442 | +€23,621 | +72.0% |
| Amounts receivable within one year | 40/41 | €9,627 | €35,533 | +€25,906 | +269.1% |
| Trade receivables | 40 | €9,627 | €35,533 | +€25,906 | +269.1% |
| Cash at bank and in hand | 54/58 | €17,690 | €9,442 | -€8,248 | -46.6% |
| Deferred charges and accrued income | 490/1 | €5,504 | €11,468 | +€5,964 | +108.4% |
| Total equity and liabilities | 10/49 | €494,925 | €486,281 | -€8,645 | -1.7% |
| Equity | 10/15 | €273,546 | €314,923 | +€41,377 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €41,860 | +€40,000 | +2150.5% |
| Distributable reserves | 133 | €1,860 | €41,860 | +€40,000 | +2150.5% |
| Profit (loss) carried forward | 14 | €265,486 | €266,863 | +€1,377 | +0.5% |
| Amounts payable | 17/49 | €221,379 | €171,358 | -€50,021 | -22.6% |
| Amounts payable after more than one year | 17 | €16,335 | €4,335 | -€12,000 | -73.5% |
| Financial debts | 170/4 | €16,335 | €4,335 | -€12,000 | -73.5% |
| Amounts payable within one year | 42/48 | €186,951 | €162,780 | -€24,171 | -12.9% |
| Current portion of amounts payable after more than one year | 42 | €9,235 | €12,128 | +€2,893 | +31.3% |
| Trade debts | 44 | €13,171 | €16,230 | +€3,059 | +23.2% |
| Suppliers | 440/4 | €13,171 | €16,230 | +€3,059 | +23.2% |
| Taxes, remuneration and social security | 45 | €10,199 | €13,460 | +€3,262 | +32.0% |
| Taxes | 450/3 | €10,199 | €12,372 | +€2,174 | +21.3% |
| Remuneration and social security | 454/9 | - | €1,088 | +€1,088 | |
| Other amounts payable | 47/48 | €154,345 | €120,961 | -€33,384 | -21.6% |
| Accrued charges and deferred income | 492/3 | €18,094 | €4,244 | -€13,850 | -76.5% |
| Remuneration, social security and pensions | 62 | - | €19,727 | +€19,727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,382 | €35,801 | -€581 | -1.6% |
| Other operating charges | 640/8 | €3,045 | €3,816 | +€770 | +25.3% |
| Gross operating margin | 9900 | €87,170 | €135,830 | +€48,660 | +55.8% |
| Operating profit (loss) | 9901 | €47,742 | €76,485 | +€28,744 | +60.2% |
| Financial income | 75/76B | €2 | €5 | +€3 | +152.0% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +152.0% |
| Financial charges | 65/66B | €14,358 | €9,953 | -€4,405 | -30.7% |
| Recurring financial charges | 65 | €14,358 | €9,953 | -€4,405 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €33,386 | €66,538 | +€33,152 | +99.3% |
| Income taxes | 67/77 | €11,100 | €25,161 | +€14,061 | +126.7% |
| Profit (loss) for the period | 9904 | €22,286 | €41,377 | +€19,091 | +85.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,286 | €41,377 | +€19,091 | +85.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.