MM RENOV: 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 RENOV
Largest movements
- Cash -€24,877
down €24,877 (-86.5%), from €28,755 to €3,878
mainly Net result for the year (-€19,095) and Trade debts (-€6,380)
- Tangible fixed assets -€5,763
down €5,763 (-62.6%), from €9,202 to €3,440
of which Furniture and vehicles: -€5,455
- Receivables within one year +€5,338
up €5,338 (+486%), from €1,097 to €6,435
of which Trade receivables: +€5,639
- Profit (loss) carried forward -€19,095
down €19,095, from €14,533 to -€4,562
- Trade debts -€6,380
no longer reported in 2025 (was €6,380)
- Tax, wage and social debts +€1,106
up €1,106 (+19.7%), from €5,623 to €6,728
- Other debts -€952
down €952 (-11.4%), from €8,376 to €7,424
- Gross operating margin -€47,217
down €47,217, from €34,318 to -€12,899
- Taxes -€5,578
down €5,578 (-99.2%), from €5,621 to €43
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 | €39,912 | €14,590 | -€25,322 | -63.4% |
| Fixed assets | 21/28 | €9,234 | €3,472 | -€5,763 | -62.4% |
| Tangible fixed assets | 22/27 | €9,202 | €3,440 | -€5,763 | -62.6% |
| Plant, machinery and equipment | 23 | €1,475 | €1,167 | -€308 | -20.9% |
| Furniture and vehicles | 24 | €7,727 | €2,272 | -€5,455 | -70.6% |
| Financial fixed assets | 28 | €32 | €32 | = | 0.0% |
| Current assets | 29/58 | €30,678 | €11,119 | -€19,559 | -63.8% |
| Amounts receivable within one year | 40/41 | €1,097 | €6,435 | +€5,338 | +486% |
| Trade receivables | 40 | - | €5,639 | +€5,639 | |
| Other amounts receivable | 41 | €1,097 | €796 | -€302 | -27.5% |
| Cash at bank and in hand | 54/58 | €28,755 | €3,878 | -€24,877 | -86.5% |
| Deferred charges and accrued income | 490/1 | €826 | €806 | -€20 | -2.4% |
| Total equity and liabilities | 10/49 | €39,912 | €14,590 | -€25,322 | -63.4% |
| Equity | 10/15 | €19,533 | €438 | -€19,095 | -97.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,533 | -€4,562 | -€19,095 | |
| Amounts payable | 17/49 | €20,378 | €14,152 | -€6,226 | -30.6% |
| Amounts payable within one year | 42/48 | €20,378 | €14,152 | -€6,226 | -30.6% |
| Trade debts | 44 | €6,380 | - | -€6,380 | |
| Suppliers | 440/4 | €6,380 | - | -€6,380 | |
| Taxes, remuneration and social security | 45 | €5,623 | €6,728 | +€1,106 | +19.7% |
| Taxes | 450/3 | €5,623 | €6,728 | +€1,106 | +19.7% |
| Other amounts payable | 47/48 | €8,376 | €7,424 | -€952 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,519 | €5,763 | +€243 | +4.4% |
| Other operating charges | 640/8 | €472 | €319 | -€154 | -32.5% |
| Non-recurring operating charges | 66A | €8,020 | - | -€8,020 | |
| Gross operating margin | 9900 | €34,318 | -€12,899 | -€47,217 | |
| Operating profit (loss) | 9901 | €20,307 | -€18,980 | -€39,286 | |
| Financial charges | 65/66B | €126 | €72 | -€53 | -42.4% |
| Recurring financial charges | 65 | €126 | €72 | -€53 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €20,181 | -€19,052 | -€39,233 | |
| Income taxes | 67/77 | €5,621 | €43 | -€5,578 | -99.2% |
| Profit (loss) for the period | 9904 | €14,560 | -€19,095 | -€33,656 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,560 | -€19,095 | -€33,656 |
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 29 October 2026 via checked.be.