MM Werken: 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 Werken
Largest movements
- Tangible fixed assets +€45,979
new in 2025: €45,979
of which Furniture and vehicles: +€44,966
- Cash +€14,191
up €14,191 (+870%), from €1,631 to €15,822
mainly Net result for the year (+€30,530) and Debts after one year (+€21,249)
- Receivables within one year +€13,823
up €13,823 (+34.8%), from €39,693 to €53,516
of which Trade receivables: +€20,573
- Deferred charges and accrued income +€2,355
new in 2025: €2,355
- Reserves +€30,530
up €30,530 (+264%), from €11,552 to €42,082
- Debts after one year +€21,249
new in 2025: €21,249
- Other debts +€10,358
new in 2025: €10,358
- Tax, wage and social debts +€7,180
up €7,180 (+249%), from €2,888 to €10,068
of which Taxes: +€3,930
- Current portion of long-term debt +€4,901
new in 2025: €4,901
- Gross operating margin +€26,328
up €26,328 (+169%), from €15,594 to €41,922
- Taxes +€3,930
up €3,930 (+136%), from €2,888 to €6,818
- Depreciation +€1,803
new in 2025: €1,803
- Financial income +€725
new in 2025: €725
- Financial charges +€633
up €633 (+1,835%), from €35 to €668
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 | €41,324 | €117,672 | +€76,348 | +185% |
| Fixed assets | 21/28 | - | €45,980 | +€45,980 | |
| Intangible fixed assets | 21 | - | €1 | +€1 | |
| Tangible fixed assets | 22/27 | - | €45,979 | +€45,979 | |
| Plant, machinery and equipment | 23 | - | €1,013 | +€1,013 | |
| Furniture and vehicles | 24 | - | €44,966 | +€44,966 | |
| Current assets | 29/58 | €41,324 | €71,692 | +€30,368 | +73.5% |
| Amounts receivable within one year | 40/41 | €39,693 | €53,516 | +€13,823 | +34.8% |
| Trade receivables | 40 | €26,747 | €47,320 | +€20,573 | +76.9% |
| Other amounts receivable | 41 | €12,946 | €6,196 | -€6,750 | -52.1% |
| Cash at bank and in hand | 54/58 | €1,631 | €15,822 | +€14,191 | +870% |
| Deferred charges and accrued income | 490/1 | - | €2,355 | +€2,355 | |
| Total equity and liabilities | 10/49 | €41,324 | €117,672 | +€76,348 | +185% |
| Equity | 10/15 | €14,552 | €45,082 | +€30,530 | +210% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,552 | €42,082 | +€30,530 | +264% |
| Distributable reserves | 133 | €11,552 | €42,082 | +€30,530 | +264% |
| Amounts payable | 17/49 | €26,772 | €72,590 | +€45,818 | +171% |
| Amounts payable after more than one year | 17 | - | €21,249 | +€21,249 | |
| Financial debts | 170/4 | - | €21,249 | +€21,249 | |
| Amounts payable within one year | 42/48 | €26,772 | €51,341 | +€24,569 | +91.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,901 | +€4,901 | |
| Trade debts | 44 | €23,884 | €26,014 | +€2,130 | +8.9% |
| Suppliers | 440/4 | €23,884 | €26,014 | +€2,130 | +8.9% |
| Taxes, remuneration and social security | 45 | €2,888 | €10,068 | +€7,180 | +249% |
| Taxes | 450/3 | €2,888 | €6,818 | +€3,930 | +136% |
| Remuneration and social security | 454/9 | - | €3,250 | +€3,250 | |
| Other amounts payable | 47/48 | - | €10,358 | +€10,358 | |
| Remuneration, social security and pensions | 62 | €304 | €0 | -€304 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,803 | +€1,803 | |
| Other operating charges | 640/8 | €815 | €757 | -€58 | -7.1% |
| Non-recurring operating charges | 66A | - | €2,071 | +€2,071 | |
| Gross operating margin | 9900 | €15,594 | €41,922 | +€26,328 | +169% |
| Operating profit (loss) | 9901 | €14,475 | €37,291 | +€22,816 | +158% |
| Financial income | 75/76B | - | €725 | +€725 | |
| Recurring financial income | 75 | - | €725 | +€725 | |
| Financial charges | 65/66B | €35 | €668 | +€633 | +1,835% |
| Recurring financial charges | 65 | €35 | €668 | +€633 | +1,835% |
| Profit (loss) for the period before taxes | 9903 | €14,440 | €37,348 | +€22,908 | +159% |
| Income taxes | 67/77 | €2,888 | €6,818 | +€3,930 | +136% |
| Profit (loss) for the period | 9904 | €11,552 | €30,530 | +€18,978 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €11,552 | €30,530 | +€18,978 | +164% |
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 16 October 2026 via checked.be.