MMA Philippe: what changed
Two fiscal 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 Philippe
Largest movements
- Tangible fixed assets +€18,395
up €18,395 (+41.9%), from €43,851 to €62,246
of which Furniture and vehicles: +€29,221
- Cash +€7,539
up €7,539 (+58.5%), from €12,887 to €20,426
mainly Current portion of long-term debt (+€43,638) and Depreciation (+€17,343)
- Current portion of long-term debt +€43,638
up €43,638 (+68.5%), from €63,715 to €107,353
- Profit (loss) carried forward -€11,639
down €11,639 (-56.2%), from -€20,699 to -€32,338
- Short-term financial debts -€10,122
down €10,122 (-45.0%), from €22,500 to €12,378
of which Other loans: -€10,122
- Tax, wage and social debts +€2,739
up €2,739 (+127.6%), from €2,146 to €4,885
of which Remuneration and social security: +€2,818
- Trade debts +€1,251
up €1,251 (+4436.9%), from €28 to €1,279
- Turnover +€17,620
up €17,620 (+53.8%), from €32,729 to €50,350
- Purchases and services +€12,027
up €12,027 (+40.8%), from €29,449 to €41,476
- Depreciation +€6,551
up €6,551 (+60.7%), from €10,792 to €17,343
- Gross operating margin +€5,630
up €5,630 (+171.6%), from €3,281 to €8,911
- Staff costs +€2,818
new in 2025: €2,818
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 | €67,890 | €94,053 | +€26,163 | +38.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €43,851 | €62,246 | +€18,395 | +41.9% |
| Tangible fixed assets | 22/27 | €43,851 | €62,246 | +€18,395 | +41.9% |
| Land and buildings | 22 | €20,044 | €20,044 | = | 0.0% |
| Plant, machinery and equipment | 23 | €23,806 | €12,981 | -€10,826 | -45.5% |
| Furniture and vehicles | 24 | - | €29,221 | +€29,221 | |
| Current assets | 29/58 | €24,039 | €31,807 | +€7,768 | +32.3% |
| Stocks and contracts in progress | 3 | €6,250 | €6,675 | +€425 | +6.8% |
| Stocks | 30/36 | €6,250 | €6,675 | +€425 | +6.8% |
| Amounts receivable within one year | 40/41 | €4,902 | €4,706 | -€196 | -4.0% |
| Trade receivables | 40 | €3,732 | €3,319 | -€413 | -11.1% |
| Other amounts receivable | 41 | €1,171 | €1,387 | +€216 | +18.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,887 | €20,426 | +€7,539 | +58.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €67,890 | €94,053 | +€26,163 | +38.5% |
| Equity | 10/15 | -€20,499 | -€32,138 | -€11,639 | -56.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Capital | 10 | - | €200 | +€200 | |
| Issued capital | 100 | - | €200 | +€200 | |
| Profit (loss) carried forward | 14 | -€20,699 | -€32,338 | -€11,639 | -56.2% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Amounts payable | 17/49 | €88,389 | €126,192 | +€37,803 | +42.8% |
| Amounts payable within one year | 42/48 | €88,389 | €125,894 | +€37,505 | +42.4% |
| Current portion of amounts payable after more than one year | 42 | €63,715 | €107,353 | +€43,638 | +68.5% |
| Financial debts | 43 | €22,500 | €12,378 | -€10,122 | -45.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €22,500 | €12,378 | -€10,122 | -45.0% |
| Trade debts | 44 | €28 | €1,279 | +€1,251 | +4436.9% |
| Suppliers | 440/4 | €28 | €1,279 | +€1,251 | +4436.9% |
| Taxes, remuneration and social security | 45 | €2,146 | €4,885 | +€2,739 | +127.6% |
| Taxes | 450/3 | €2,146 | €2,067 | -€79 | -3.7% |
| Remuneration and social security | 454/9 | - | €2,818 | +€2,818 | |
| Accrued charges and deferred income | 492/3 | - | €297 | +€297 | |
| Turnover | 70 | €32,729 | €50,350 | +€17,620 | +53.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,449 | €41,476 | +€12,027 | +40.8% |
| Remuneration, social security and pensions | 62 | - | €2,818 | +€2,818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,792 | €17,343 | +€6,551 | +60.7% |
| Other operating charges | 640/8 | €2,785 | €268 | -€2,517 | -90.4% |
| Gross operating margin | 9900 | €3,281 | €8,911 | +€5,630 | +171.6% |
| Operating profit (loss) | 9901 | -€10,296 | -€11,518 | -€1,221 | -11.9% |
| Financial charges | 65/66B | €394 | €122 | -€272 | -69.0% |
| Recurring financial charges | 65 | €394 | €122 | -€272 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,690 | -€11,639 | -€949 | -8.9% |
| Profit (loss) for the period | 9904 | -€10,690 | -€11,639 | -€949 | -8.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,690 | -€11,639 | -€949 | -8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.