MMAB: 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.
MMAB
Largest movements
- Cash -€12,469
down €12,469 (-79.2%), from €15,746 to €3,277
mainly Net result for the year (-€21,242) and Tax, wage and social debts (-€13,230)
- Deferred charges and accrued income -€5,411
down €5,411 (-88.1%), from €6,142 to €731
- Tangible fixed assets -€4,300
down €4,300 (-18.6%), from €23,101 to €18,801
of which Furniture and vehicles: -€4,869
- Receivables within one year -€3,634
down €3,634 (-20.8%), from €17,435 to €13,801
of which Other amounts receivable: -€9,101
- Profit (loss) carried forward -€21,242
down €21,242 (-30.1%), from -€70,624 to -€91,866
- Tax, wage and social debts -€13,230
down €13,230 (-98.8%), from €13,395 to €165
- Advances received +€7,000
new in 2024: €7,000
- Reserves -€1,860
down €1,860 (-1.8%), from €105,496 to €103,636
of which Non-distributable reserves: -€1,860
- Contributions +€1,860
up €1,860 (+15.0%), from €12,400 to €14,260
- Financial charges -€61,498
down €61,498 (-99.4%), from €61,868 to €370
- Gross operating margin -€61,441
down €61,441, from €40,152 to -€21,289
- Financial income +€7,471
up €7,471 (+7764.3%), from €96 to €7,567
of which Non-recurring financial income: +€7,500
- Depreciation +€469
up €469 (+8.2%), from €5,746 to €6,215
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €62,424 | €36,610 | -€25,814 | -41.4% |
| Fixed assets | 21/28 | €23,101 | €18,801 | -€4,300 | -18.6% |
| Tangible fixed assets | 22/27 | €23,101 | €18,801 | -€4,300 | -18.6% |
| Furniture and vehicles | 24 | €16,870 | €12,001 | -€4,869 | -28.9% |
| Other tangible fixed assets | 26 | €6,230 | €6,800 | +€570 | +9.1% |
| Current assets | 29/58 | €39,323 | €17,809 | -€21,514 | -54.7% |
| Amounts receivable within one year | 40/41 | €17,435 | €13,801 | -€3,634 | -20.8% |
| Trade receivables | 40 | €1,936 | €7,402 | +€5,466 | +282.4% |
| Other amounts receivable | 41 | €15,500 | €6,399 | -€9,101 | -58.7% |
| Cash at bank and in hand | 54/58 | €15,746 | €3,277 | -€12,469 | -79.2% |
| Deferred charges and accrued income | 490/1 | €6,142 | €731 | -€5,411 | -88.1% |
| Total equity and liabilities | 10/49 | €62,424 | €36,610 | -€25,814 | -41.4% |
| Equity | 10/15 | €47,272 | €26,030 | -€21,242 | -44.9% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Reserves | 13 | €105,496 | €103,636 | -€1,860 | -1.8% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €103,636 | €103,636 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€70,624 | -€91,866 | -€21,242 | -30.1% |
| Amounts payable | 17/49 | €15,152 | €10,580 | -€4,572 | -30.2% |
| Amounts payable within one year | 42/48 | €15,152 | €9,680 | -€5,472 | -36.1% |
| Trade debts | 44 | €1,757 | €1,360 | -€397 | -22.6% |
| Suppliers | 440/4 | €1,757 | €1,360 | -€397 | -22.6% |
| Advances received on contracts in progress | 46 | - | €7,000 | +€7,000 | |
| Taxes, remuneration and social security | 45 | €13,395 | €165 | -€13,230 | -98.8% |
| Taxes | 450/3 | €13,395 | €165 | -€13,230 | -98.8% |
| Other amounts payable | 47/48 | - | €1,155 | +€1,155 | |
| Accrued charges and deferred income | 492/3 | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,746 | €6,215 | +€469 | +8.2% |
| Other operating charges | 640/8 | €751 | €644 | -€107 | -14.2% |
| Non-recurring operating charges | 66A | €125 | €126 | +€1 | +0.7% |
| Gross operating margin | 9900 | €40,152 | -€21,289 | -€61,441 | |
| Operating profit (loss) | 9901 | €33,531 | -€28,274 | -€61,805 | |
| Financial income | 75/76B | €96 | €7,567 | +€7,471 | +7764.3% |
| Recurring financial income | 75 | €96 | €67 | -€29 | -30.4% |
| Non-recurring financial income | 76B | - | €7,500 | +€7,500 | |
| Financial charges | 65/66B | €61,868 | €370 | -€61,498 | -99.4% |
| Recurring financial charges | 65 | €61,868 | €370 | -€61,498 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,241 | -€21,077 | +€7,164 | +25.4% |
| Income taxes | 67/77 | €0 | €165 | +€165 | +329900.0% |
| Profit (loss) for the period | 9904 | -€28,241 | -€21,242 | +€6,999 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,241 | -€21,242 | +€6,999 | +24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.