MMA CONSTRUCT: 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.
MMA CONSTRUCT
Largest movements
- Tangible fixed assets +€64,784
up €64,784 (+157.6%), from €41,097 to €105,881
of which Leasing and similar rights: +€56,480
- Receivables within one year +€38,138
up €38,138 (+212.7%), from €17,928 to €56,067
of which Trade receivables: +€36,860
- Cash +€36,512
up €36,512 (+90.2%), from €40,491 to €77,003
mainly Net result for the year (+€55,777) and Other debts (+€40,342)
- Deferred charges and accrued income +€4,520
up €4,520 (+673.2%), from €671 to €5,192
- Other debts +€40,342
up €40,342 (+375.7%), from €10,738 to €51,080
- Debts after one year +€32,898
up €32,898 (+109.8%), from €29,967 to €62,865
- Current portion of long-term debt +€20,025
up €20,025 (+220.9%), from €9,067 to €29,091
- Reserves +€20,000
up €20,000 (+95.2%), from €21,000 to €41,000
- Profit (loss) carried forward +€10,777
up €10,777 (+173.7%), from €6,203 to €16,980
- Gross operating margin +€63,304
up €63,304 (+174.6%), from €36,265 to €99,569
- Depreciation +€11,304
up €11,304 (+71.3%), from €15,857 to €27,161
- Taxes +€5,277
up €5,277 (+112.5%), from €4,692 to €9,969
- Financial charges +€2,375
up €2,375 (+104.5%), from €2,274 to €4,649
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 | €100,188 | €244,143 | +€143,955 | +143.7% |
| Fixed assets | 21/28 | €41,097 | €105,881 | +€64,784 | +157.6% |
| Tangible fixed assets | 22/27 | €41,097 | €105,881 | +€64,784 | +157.6% |
| Furniture and vehicles | 24 | €41,097 | €49,401 | +€8,304 | +20.2% |
| Leasing and similar rights | 25 | - | €56,480 | +€56,480 | |
| Current assets | 29/58 | €59,091 | €138,262 | +€79,171 | +134.0% |
| Amounts receivable within one year | 40/41 | €17,928 | €56,067 | +€38,138 | +212.7% |
| Trade receivables | 40 | €11,175 | €48,036 | +€36,860 | +329.8% |
| Other amounts receivable | 41 | €6,753 | €8,031 | +€1,278 | +18.9% |
| Cash at bank and in hand | 54/58 | €40,491 | €77,003 | +€36,512 | +90.2% |
| Deferred charges and accrued income | 490/1 | €671 | €5,192 | +€4,520 | +673.2% |
| Total equity and liabilities | 10/49 | €100,188 | €244,143 | +€143,955 | +143.7% |
| Equity | 10/15 | €32,203 | €62,980 | +€30,777 | +95.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €41,000 | +€20,000 | +95.2% |
| Distributable reserves | 133 | €21,000 | €41,000 | +€20,000 | +95.2% |
| Profit (loss) carried forward | 14 | €6,203 | €16,980 | +€10,777 | +173.7% |
| Amounts payable | 17/49 | €67,985 | €181,163 | +€113,178 | +166.5% |
| Amounts payable after more than one year | 17 | €29,967 | €62,865 | +€32,898 | +109.8% |
| Financial debts | 170/4 | €29,967 | €62,865 | +€32,898 | +109.8% |
| Amounts payable within one year | 42/48 | €36,531 | €109,018 | +€72,487 | +198.4% |
| Current portion of amounts payable after more than one year | 42 | €9,067 | €29,091 | +€20,025 | +220.9% |
| Trade debts | 44 | €12,126 | €12,642 | +€516 | +4.3% |
| Suppliers | 440/4 | €12,126 | €12,642 | +€516 | +4.3% |
| Advances received on contracts in progress | 46 | - | €6,205 | +€6,205 | |
| Taxes, remuneration and social security | 45 | €4,600 | €10,000 | +€5,400 | +117.4% |
| Taxes | 450/3 | €4,600 | €10,000 | +€5,400 | +117.4% |
| Other amounts payable | 47/48 | €10,738 | €51,080 | +€40,342 | +375.7% |
| Accrued charges and deferred income | 492/3 | €1,487 | €9,280 | +€7,793 | +524.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,857 | €27,161 | +€11,304 | +71.3% |
| Other operating charges | 640/8 | €1,180 | €2,018 | +€838 | +71.1% |
| Gross operating margin | 9900 | €36,265 | €99,569 | +€63,304 | +174.6% |
| Operating profit (loss) | 9901 | €19,229 | €70,390 | +€51,162 | +266.1% |
| Financial income | 75/76B | €1 | €5 | +€4 | +463.4% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +463.4% |
| Financial charges | 65/66B | €2,274 | €4,649 | +€2,375 | +104.5% |
| Recurring financial charges | 65 | €2,274 | €4,649 | +€2,375 | +104.5% |
| Profit (loss) for the period before taxes | 9903 | €16,956 | €65,746 | +€48,791 | +287.8% |
| Income taxes | 67/77 | €4,692 | €9,969 | +€5,277 | +112.5% |
| Profit (loss) for the period | 9904 | €12,264 | €55,777 | +€43,514 | +354.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,264 | €55,777 | +€43,514 | +354.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.