MMCONCEPT: 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.
MMCONCEPT
Largest movements
- Cash +€60,768
up €60,768 (+141.0%), from €43,096 to €103,864
mainly Net result for the year (+€59,102) and Other debts (+€57,646)
- Receivables within one year +€15,273
up €15,273 (+48.5%), from €31,477 to €46,750
of which Trade receivables: +€15,273
- Tangible fixed assets -€6,871
down €6,871 (-18.6%), from €36,931 to €30,060
of which Plant, machinery and equipment: -€5,123
- Other debts +€57,646
up €57,646 (+394.1%), from €14,627 to €72,273
- Trade debts +€8,518
up €8,518 (+46.2%), from €18,428 to €26,945
- Tax, wage and social debts +€6,199
up €6,199 (+38.1%), from €16,274 to €22,473
- Debts after one year -€3,137
down €3,137 (-59.3%), from €5,290 to €2,152
- Gross operating margin +€44,965
up €44,965 (+98.9%), from €45,458 to €90,423
- Taxes +€7,956
up €7,956 (+109.0%), from €7,301 to €15,257
- Depreciation -€7,844
down €7,844 (-36.4%), from €21,521 to €13,677
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 | €111,971 | €181,303 | +€69,332 | +61.9% |
| Fixed assets | 21/28 | €36,931 | €30,060 | -€6,871 | -18.6% |
| Tangible fixed assets | 22/27 | €36,931 | €30,060 | -€6,871 | -18.6% |
| Plant, machinery and equipment | 23 | €29,037 | €23,914 | -€5,123 | -17.6% |
| Furniture and vehicles | 24 | €7,894 | €6,146 | -€1,748 | -22.1% |
| Current assets | 29/58 | €75,040 | €151,243 | +€76,203 | +101.5% |
| Amounts receivable within one year | 40/41 | €31,477 | €46,750 | +€15,273 | +48.5% |
| Trade receivables | 40 | €31,477 | €46,750 | +€15,273 | +48.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,096 | €103,864 | +€60,768 | +141.0% |
| Deferred charges and accrued income | 490/1 | €467 | €628 | +€161 | +34.6% |
| Total equity and liabilities | 10/49 | €111,971 | €181,303 | +€69,332 | +61.9% |
| Equity | 10/15 | €54,323 | €54,323 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,323 | €41,323 | = | 0.0% |
| Distributable reserves | 133 | €41,323 | €41,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €57,649 | €126,980 | +€69,332 | +120.3% |
| Amounts payable after more than one year | 17 | €5,290 | €2,152 | -€3,137 | -59.3% |
| Financial debts | 170/4 | €5,290 | €2,152 | -€3,137 | -59.3% |
| Amounts payable within one year | 42/48 | €52,359 | €124,828 | +€72,469 | +138.4% |
| Current portion of amounts payable after more than one year | 42 | €3,031 | €3,137 | +€106 | +3.5% |
| Trade debts | 44 | €18,428 | €26,945 | +€8,518 | +46.2% |
| Suppliers | 440/4 | €18,428 | €26,945 | +€8,518 | +46.2% |
| Taxes, remuneration and social security | 45 | €16,274 | €22,473 | +€6,199 | +38.1% |
| Taxes | 450/3 | €16,274 | €22,473 | +€6,199 | +38.1% |
| Other amounts payable | 47/48 | €14,627 | €72,273 | +€57,646 | +394.1% |
| Remuneration, social security and pensions | 62 | €606 | €1,327 | +€721 | +119.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,521 | €13,677 | -€7,844 | -36.4% |
| Other operating charges | 640/8 | €719 | €736 | +€17 | +2.3% |
| Gross operating margin | 9900 | €45,458 | €90,423 | +€44,965 | +98.9% |
| Operating profit (loss) | 9901 | €22,612 | €74,683 | +€52,071 | +230.3% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €456 | €353 | -€103 | -22.5% |
| Recurring financial charges | 65 | €456 | €353 | -€103 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €22,156 | €74,360 | +€52,203 | +235.6% |
| Income taxes | 67/77 | €7,301 | €15,257 | +€7,956 | +109.0% |
| Profit (loss) for the period | 9904 | €14,855 | €59,102 | +€44,248 | +297.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,855 | €59,102 | +€44,248 | +297.9% |
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 4 October 2026 via checked.be.