MMB Managment: 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.
MMB Managment
Largest movements
- Tangible fixed assets +€523,503
new in 2025: €523,503
- Cash -€28,309
down €28,309 (-81.5%), from €34,724 to €6,416
mainly Investment in fixed assets (net) (-€541,424) and Current investments (-€10,000)
- Current investments +€10,000
new in 2025: €10,000
- Debts after one year +€383,600
new in 2025: €383,600
- Profit (loss) carried forward +€49,735
up €49,735 (+261.5%), from €19,021 to €68,756
- Trade debts +€42,715
up €42,715 (+17560.0%), from €243 to €42,958
- Current portion of long-term debt +€10,761
new in 2025: €10,761
- Tax, wage and social debts +€10,204
up €10,204 (+69.4%), from €14,710 to €24,915
- Gross operating margin +€64,020
up €64,020 (+264.8%), from €24,181 to €88,201
- Depreciation +€17,921
new in 2025: €17,921
- Taxes +€7,962
up €7,962 (+163.2%), from €4,878 to €12,840
- Financial charges +€6,152
up €6,152 (+8623.3%), from €71 to €6,223
- Other operating charges +€1,272
up €1,272 (+604.1%), from €211 to €1,482
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 | €34,724 | €540,425 | +€505,701 | +1456.3% |
| Fixed assets | 21/28 | - | €523,503 | +€523,503 | |
| Tangible fixed assets | 22/27 | - | €523,503 | +€523,503 | |
| Land and buildings | 22 | - | €523,503 | +€523,503 | |
| Current assets | 29/58 | €34,724 | €16,922 | -€17,802 | -51.3% |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €34,724 | €6,416 | -€28,309 | -81.5% |
| Deferred charges and accrued income | 490/1 | - | €507 | +€507 | |
| Total equity and liabilities | 10/49 | €34,724 | €540,425 | +€505,701 | +1456.3% |
| Equity | 10/15 | €19,121 | €68,856 | +€49,735 | +260.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,021 | €68,756 | +€49,735 | +261.5% |
| Provisions and deferred taxes | 16 | - | €2,320 | +€2,320 | |
| Provisions for liabilities and charges | 160/5 | - | €2,320 | +€2,320 | |
| Other liabilities and charges | 164/5 | - | €2,320 | +€2,320 | |
| Amounts payable | 17/49 | €15,603 | €469,250 | +€453,646 | +2907.3% |
| Amounts payable after more than one year | 17 | - | €383,600 | +€383,600 | |
| Financial debts | 170/4 | - | €383,600 | +€383,600 | |
| Amounts payable within one year | 42/48 | €15,603 | €81,680 | +€66,077 | +423.5% |
| Current portion of amounts payable after more than one year | 42 | - | €10,761 | +€10,761 | |
| Trade debts | 44 | €243 | €42,958 | +€42,715 | +17560.0% |
| Suppliers | 440/4 | €243 | €42,958 | +€42,715 | +17560.0% |
| Taxes, remuneration and social security | 45 | €14,710 | €24,915 | +€10,204 | +69.4% |
| Taxes | 450/3 | €14,710 | €24,915 | +€10,204 | +69.4% |
| Other amounts payable | 47/48 | €650 | €3,047 | +€2,397 | +368.8% |
| Accrued charges and deferred income | 492/3 | - | €3,969 | +€3,969 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €17,921 | +€17,921 | |
| Other operating charges | 640/8 | €211 | €1,482 | +€1,272 | +604.1% |
| Gross operating margin | 9900 | €24,181 | €88,201 | +€64,020 | +264.8% |
| Operating profit (loss) | 9901 | €23,970 | €68,798 | +€44,828 | +187.0% |
| Financial charges | 65/66B | €71 | €6,223 | +€6,152 | +8623.3% |
| Recurring financial charges | 65 | €71 | €6,223 | +€6,152 | +8623.3% |
| Profit (loss) for the period before taxes | 9903 | €23,899 | €62,575 | +€38,676 | +161.8% |
| Income taxes | 67/77 | €4,878 | €12,840 | +€7,962 | +163.2% |
| Profit (loss) for the period | 9904 | €19,021 | €49,735 | +€30,714 | +161.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,021 | €49,735 | +€30,714 | +161.5% |
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.