MMCR: 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.
MMCR
Largest movements
- Cash -€57,550
down €57,550 (-8.1%), from €711,997 to €654,448
mainly Net result for the year (-€72,418) and Investment in fixed assets (net) (-€9,283)
- Profit (loss) carried forward -€72,418
down €72,418 (-9.8%), from €739,391 to €666,973
- Gross operating margin -€32,631
down €32,631 (-140.5%), from -€23,221 to -€55,851
- Financial income -€6,928
down €6,928 (-55.4%), from €12,514 to €5,586
- Taxes -€3,605
down €3,605, from €2,888 to -€717
- Other operating charges -€1,805
down €1,805 (-69.0%), from €2,618 to €812
- Depreciation +€1,482
up €1,482 (+7.5%), from €19,724 to €21,207
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 | €775,022 | €706,773 | -€68,249 | -8.8% |
| Fixed assets | 21/28 | €54,326 | €42,402 | -€11,924 | -21.9% |
| Tangible fixed assets | 22/27 | €50,126 | €42,402 | -€7,724 | -15.4% |
| Furniture and vehicles | 24 | €10,395 | €9,561 | -€833 | -8.0% |
| Other tangible fixed assets | 26 | €39,731 | €32,841 | -€6,890 | -17.3% |
| Financial fixed assets | 28 | €4,200 | - | -€4,200 | |
| Current assets | 29/58 | €720,696 | €664,371 | -€56,326 | -7.8% |
| Amounts receivable within one year | 40/41 | €8,699 | €9,923 | +€1,224 | +14.1% |
| Other amounts receivable | 41 | €8,699 | €9,923 | +€1,224 | +14.1% |
| Cash at bank and in hand | 54/58 | €711,997 | €654,448 | -€57,550 | -8.1% |
| Total equity and liabilities | 10/49 | €775,022 | €706,773 | -€68,249 | -8.8% |
| Equity | 10/15 | €747,451 | €675,033 | -€72,418 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €739,391 | €666,973 | -€72,418 | -9.8% |
| Amounts payable | 17/49 | €27,571 | €31,740 | +€4,169 | +15.1% |
| Amounts payable within one year | 42/48 | €27,571 | €31,740 | +€4,169 | +15.1% |
| Trade debts | 44 | €4,851 | €4,739 | -€111 | -2.3% |
| Suppliers | 440/4 | €4,851 | €4,739 | -€111 | -2.3% |
| Other amounts payable | 47/48 | €22,720 | €27,000 | +€4,280 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,724 | €21,207 | +€1,482 | +7.5% |
| Other operating charges | 640/8 | €2,618 | €812 | -€1,805 | -69.0% |
| Gross operating margin | 9900 | -€23,221 | -€55,851 | -€32,631 | -140.5% |
| Operating profit (loss) | 9901 | -€45,563 | -€77,870 | -€32,307 | -70.9% |
| Financial income | 75/76B | €12,514 | €5,586 | -€6,928 | -55.4% |
| Recurring financial income | 75 | €12,514 | €5,586 | -€6,928 | -55.4% |
| Financial charges | 65/66B | €149 | €850 | +€701 | +468.8% |
| Recurring financial charges | 65 | €149 | €850 | +€701 | +468.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,198 | -€73,135 | -€39,936 | -120.3% |
| Income taxes | 67/77 | €2,888 | -€717 | -€3,605 | |
| Profit (loss) for the period | 9904 | -€36,086 | -€72,418 | -€36,332 | -100.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€36,086 | -€72,418 | -€36,332 | -100.7% |
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 5 October 2026 via checked.be.