MM Projects: 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 Projects
Largest movements
- Receivables within one year +€29,608
up €29,608 (+31.2%), from €94,892 to €124,501
of which Trade receivables: +€47,739
- Tangible fixed assets -€2,263
down €2,263 (-73.0%), from €3,100 to €837
- Accrued charges and deferred income +€21,742
new in 2026: €21,742
- Tax, wage and social debts +€4,043
up €4,043, from €0 to €4,043
- Reserves +€1,278
up €1,278 (+1.4%), from €88,824 to €90,102
of which Distributable reserves: +€1,278
- Gross operating margin +€33,518
up €33,518, from -€28,783 to €4,735
- Financial income -€1,526
down €1,526 (-100%), from €1,526 to €0
- Depreciation -€597
down €597 (-20.9%), from €2,860 to €2,263
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,824 | €126,187 | +€27,363 | +27.7% |
| Fixed assets | 21/28 | €3,100 | €837 | -€2,263 | -73.0% |
| Tangible fixed assets | 22/27 | €3,100 | €837 | -€2,263 | -73.0% |
| Plant, machinery and equipment | 23 | €3,100 | €837 | -€2,263 | -73.0% |
| Current assets | 29/58 | €95,724 | €125,350 | +€29,626 | +30.9% |
| Amounts receivable within one year | 40/41 | €94,892 | €124,501 | +€29,608 | +31.2% |
| Trade receivables | 40 | €13,769 | €61,507 | +€47,739 | +347% |
| Other amounts receivable | 41 | €81,124 | €62,993 | -€18,130 | -22.3% |
| Cash at bank and in hand | 54/58 | €832 | €38 | -€793 | -95.4% |
| Deferred charges and accrued income | 490/1 | - | €811 | +€811 | |
| Total equity and liabilities | 10/49 | €98,824 | €126,187 | +€27,363 | +27.7% |
| Equity | 10/15 | €98,824 | €100,102 | +€1,278 | +1.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €88,824 | €90,102 | +€1,278 | +1.4% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €85,824 | €87,102 | +€1,278 | +1.5% |
| Amounts payable | 17/49 | €0 | €26,085 | +€26,085 | |
| Amounts payable within one year | 42/48 | €0 | €4,343 | +€4,343 | |
| Trade debts | 44 | €0 | €300 | +€300 | |
| Suppliers | 440/4 | €0 | €300 | +€300 | |
| Taxes, remuneration and social security | 45 | €0 | €4,043 | +€4,043 | |
| Taxes | 450/3 | €0 | €4,043 | +€4,043 | |
| Accrued charges and deferred income | 492/3 | - | €21,742 | +€21,742 | |
| Remuneration, social security and pensions | 62 | €186 | €0 | -€186 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,860 | €2,263 | -€597 | -20.9% |
| Other operating charges | 640/8 | €947 | €672 | -€275 | -29.0% |
| Gross operating margin | 9900 | -€28,783 | €4,735 | +€33,518 | |
| Operating profit (loss) | 9901 | -€32,775 | €1,800 | +€34,575 | |
| Financial income | 75/76B | €1,526 | €0 | -€1,526 | -100% |
| Recurring financial income | 75 | €1,526 | €0 | -€1,526 | -100% |
| Financial charges | 65/66B | €405 | €522 | +€116 | +28.7% |
| Recurring financial charges | 65 | €405 | €522 | +€116 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | -€31,655 | €1,278 | +€32,933 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€31,655 | €1,278 | +€32,933 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,655 | €1,278 | +€32,933 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.