MM STYLE: 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 STYLE
Largest movements
- Receivables within one year +€6,663
up €6,663 (+11.3%), from €58,915 to €65,578
of which Trade receivables: +€8,986
- Cash +€2,519
up €2,519 (+17.8%), from €14,115 to €16,634
mainly Net result for the year (+€9,189) and Tax, wage and social debts (+€7,223)
- Deferred charges and accrued income +€1,000
new in 2025: €1,000
- Reserves +€9,000
up €9,000 (+17.4%), from €51,672 to €60,672
of which Distributable reserves: +€9,000
- Tax, wage and social debts +€7,223
up €7,223 (+151.4%), from €4,771 to €11,994
- Trade debts -€6,230
no longer reported in 2025 (was €6,230)
- Gross operating margin +€11,672
up €11,672 (+278.3%), from €4,194 to €15,866
- Taxes +€5,027
new in 2025: €5,027
- Depreciation -€922
no longer reported in 2025 (was €922)
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 | €73,030 | €83,212 | +€10,182 | +13.9% |
| Current assets | 29/58 | €73,030 | €83,212 | +€10,182 | +13.9% |
| Amounts receivable within one year | 40/41 | €58,915 | €65,578 | +€6,663 | +11.3% |
| Trade receivables | 40 | €29,299 | €38,285 | +€8,986 | +30.7% |
| Other amounts receivable | 41 | €29,616 | €27,293 | -€2,323 | -7.8% |
| Cash at bank and in hand | 54/58 | €14,115 | €16,634 | +€2,519 | +17.8% |
| Deferred charges and accrued income | 490/1 | - | €1,000 | +€1,000 | |
| Total equity and liabilities | 10/49 | €73,030 | €83,212 | +€10,182 | +13.9% |
| Equity | 10/15 | €62,029 | €71,218 | +€9,189 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,672 | €60,672 | +€9,000 | +17.4% |
| Non-distributable reserves | 130/1 | €1,672 | €1,672 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,672 | €1,672 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €59,000 | +€9,000 | +18.0% |
| Profit (loss) carried forward | 14 | €4,157 | €4,346 | +€189 | +4.5% |
| Amounts payable | 17/49 | €11,001 | €11,994 | +€993 | +9.0% |
| Amounts payable within one year | 42/48 | €11,001 | €11,994 | +€993 | +9.0% |
| Trade debts | 44 | €6,230 | - | -€6,230 | |
| Suppliers | 440/4 | €6,230 | - | -€6,230 | |
| Taxes, remuneration and social security | 45 | €4,771 | €11,994 | +€7,223 | +151.4% |
| Taxes | 450/3 | €4,771 | €11,994 | +€7,223 | +151.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €922 | - | -€922 | |
| Other operating charges | 640/8 | €1,359 | €1,470 | +€111 | +8.2% |
| Gross operating margin | 9900 | €4,194 | €15,866 | +€11,672 | +278.3% |
| Operating profit (loss) | 9901 | €1,913 | €14,396 | +€12,483 | +652.5% |
| Financial income | 75/76B | €1 | €1 | = | 0.0% |
| Recurring financial income | 75 | €1 | €1 | = | 0.0% |
| Financial charges | 65/66B | €264 | €181 | -€83 | -31.4% |
| Recurring financial charges | 65 | €264 | €181 | -€83 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €1,650 | €14,216 | +€12,566 | +761.6% |
| Income taxes | 67/77 | - | €5,027 | +€5,027 | |
| Profit (loss) for the period | 9904 | €1,650 | €9,189 | +€7,539 | +456.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,650 | €9,189 | +€7,539 | +456.9% |
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 9 October 2026 via checked.be.