MM Partners: 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 Partners
Largest movements
- Receivables within one year -€28,276
down €28,276 (-76.7%), from €36,873 to €8,597
of which Trade receivables: -€31,667
- Cash -€6,617
no longer reported in 2025 (was €6,617)
mainly Trade debts (-€24,306) and Net result for the year (-€15,517)
- Intangible fixed assets -€884
down €884 (-42.1%), from €2,096 to €1,213
- Tangible fixed assets -€797
no longer reported in 2025 (was €797)
- Trade debts -€24,306
no longer reported in 2025 (was €24,306)
- Profit (loss) carried forward -€15,517
down €15,517, from €9,224 to -€6,293
- Other debts +€3,242
up €3,242 (+42.9%), from €7,557 to €10,799
- Taxes +€12,463
new in 2025: €12,463
- Gross operating margin +€1,060
up €1,060 (+48.2%), from -€2,200 to -€1,140
- Financial charges +€138
up €138 (+144%), from €96 to €233
- Depreciation +€29
up €29 (+1.8%), from €1,651 to €1,680
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 | €46,384 | €9,810 | -€36,574 | -78.9% |
| Fixed assets | 21/28 | €2,893 | €1,213 | -€1,680 | -58.1% |
| Intangible fixed assets | 21 | €2,096 | €1,213 | -€884 | -42.1% |
| Tangible fixed assets | 22/27 | €797 | - | -€797 | |
| Plant, machinery and equipment | 23 | €797 | - | -€797 | |
| Current assets | 29/58 | €43,491 | €8,597 | -€34,894 | -80.2% |
| Amounts receivable within one year | 40/41 | €36,873 | €8,597 | -€28,276 | -76.7% |
| Trade receivables | 40 | €31,667 | - | -€31,667 | |
| Other amounts receivable | 41 | €5,206 | €8,597 | +€3,391 | +65.1% |
| Cash at bank and in hand | 54/58 | €6,617 | - | -€6,617 | |
| Total equity and liabilities | 10/49 | €46,384 | €9,810 | -€36,574 | -78.9% |
| Equity | 10/15 | €11,224 | -€4,293 | -€15,517 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,224 | -€6,293 | -€15,517 | |
| Amounts payable | 17/49 | €35,160 | €14,103 | -€21,057 | -59.9% |
| Amounts payable within one year | 42/48 | €35,160 | €14,103 | -€21,057 | -59.9% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €24,306 | - | -€24,306 | |
| Suppliers | 440/4 | €24,306 | - | -€24,306 | |
| Taxes, remuneration and social security | 45 | €3,297 | €3,297 | = | 0.0% |
| Taxes | 450/3 | €3,297 | €3,297 | = | 0.0% |
| Other amounts payable | 47/48 | €7,557 | €10,799 | +€3,242 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,651 | €1,680 | +€29 | +1.8% |
| Gross operating margin | 9900 | -€2,200 | -€1,140 | +€1,060 | +48.2% |
| Operating profit (loss) | 9901 | -€3,851 | -€2,820 | +€1,031 | +26.8% |
| Financial charges | 65/66B | €96 | €233 | +€138 | +144% |
| Recurring financial charges | 65 | €96 | €233 | +€138 | +144% |
| Profit (loss) for the period before taxes | 9903 | -€3,946 | -€3,054 | +€893 | +22.6% |
| Income taxes | 67/77 | - | €12,463 | +€12,463 | |
| Profit (loss) for the period | 9904 | -€3,946 | -€15,517 | -€11,570 | -293% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,946 | -€15,517 | -€11,570 | -293% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.