MM shop: 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 shop
Largest movements
- Cash +€41,048
up €41,048 (+2,350%), from €1,747 to €42,795
mainly Debts after one year (+€55,425) and Short-term financial debts (+€30,000)
- Tangible fixed assets +€36,096
up €36,096 (+106%), from €34,180 to €70,276
- Receivables within one year +€24,081
up €24,081 (+48.5%), from €49,644 to €73,725
of which Other amounts receivable: +€24,323
- Debts after one year +€55,425
up €55,425 (+340%), from €16,294 to €71,719
- Short-term financial debts +€30,000
up €30,000 (+85.7%), from €35,000 to €65,000
- Profit (loss) carried forward +€7,082
up €7,082, from -€5,075 to €2,008
- Other debts +€5,000
new in 2025: €5,000
- Trade debts +€4,765
up €4,765 (+1,937%), from €246 to €5,011
- Other operating charges +€13,572
up €13,572 (+2,364%), from €574 to €14,146
- Depreciation +€3,160
up €3,160 (+120%), from €2,638 to €5,798
- Taxes +€3,044
up €3,044 (+316%), from €965 to €4,009
- Gross operating margin +€2,814
up €2,814 (+8.9%), from €31,724 to €34,538
- Financial charges -€1,468
down €1,468 (-21.0%), from €6,983 to €5,516
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 | €86,803 | €186,851 | +€100,048 | +115% |
| Fixed assets | 21/28 | €34,180 | €70,276 | +€36,096 | +106% |
| Tangible fixed assets | 22/27 | €34,180 | €70,276 | +€36,096 | +106% |
| Furniture and vehicles | 24 | €34,180 | €70,276 | +€36,096 | +106% |
| Current assets | 29/58 | €52,623 | €116,575 | +€63,952 | +122% |
| Amounts receivable within one year | 40/41 | €49,644 | €73,725 | +€24,081 | +48.5% |
| Trade receivables | 40 | €15,307 | €15,065 | -€242 | -1.6% |
| Other amounts receivable | 41 | €34,338 | €58,660 | +€24,323 | +70.8% |
| Cash at bank and in hand | 54/58 | €1,747 | €42,795 | +€41,048 | +2,350% |
| Deferred charges and accrued income | 490/1 | €1,232 | €55 | -€1,177 | -95.5% |
| Total equity and liabilities | 10/49 | €86,803 | €186,851 | +€100,048 | +115% |
| Equity | 10/15 | €13,782 | €20,864 | +€7,082 | +51.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €256 | €256 | = | 0.0% |
| Distributable reserves | 133 | €256 | €256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,075 | €2,008 | +€7,082 | |
| Amounts payable | 17/49 | €73,021 | €165,987 | +€92,966 | +127% |
| Amounts payable after more than one year | 17 | €16,294 | €71,719 | +€55,425 | +340% |
| Financial debts | 170/4 | €16,294 | €71,719 | +€55,425 | +340% |
| Amounts payable within one year | 42/48 | €56,727 | €94,268 | +€37,541 | +66.2% |
| Current portion of amounts payable after more than one year | 42 | €9,821 | €8,754 | -€1,067 | -10.9% |
| Financial debts | 43 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Credit institutions | 430/8 | €35,000 | €65,000 | +€30,000 | +85.7% |
| Trade debts | 44 | €246 | €5,011 | +€4,765 | +1,937% |
| Suppliers | 440/4 | €246 | €5,011 | +€4,765 | +1,937% |
| Taxes, remuneration and social security | 45 | €11,660 | €10,503 | -€1,157 | -9.9% |
| Taxes | 450/3 | €11,660 | €10,503 | -€1,157 | -9.9% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,638 | €5,798 | +€3,160 | +120% |
| Other operating charges | 640/8 | €574 | €14,146 | +€13,572 | +2,364% |
| Gross operating margin | 9900 | €31,724 | €34,538 | +€2,814 | +8.9% |
| Operating profit (loss) | 9901 | €28,512 | €14,593 | -€13,918 | -48.8% |
| Financial income | 75/76B | €841 | €2,014 | +€1,173 | +139% |
| Recurring financial income | 75 | €841 | €2,014 | +€1,173 | +139% |
| Financial charges | 65/66B | €6,983 | €5,516 | -€1,468 | -21.0% |
| Recurring financial charges | 65 | €6,983 | €5,516 | -€1,468 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €22,369 | €11,091 | -€11,278 | -50.4% |
| Income taxes | 67/77 | €965 | €4,009 | +€3,044 | +316% |
| Profit (loss) for the period | 9904 | €21,404 | €7,082 | -€14,322 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,404 | €7,082 | -€14,322 | -66.9% |
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 20 October 2026 via checked.be.