MMCT: 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.
MMCT
Largest movements
- Receivables within one year +€67,911
up €67,911 (+124.7%), from €54,450 to €122,361
of which Trade receivables: +€58,327
- Cash +€66,220
up €66,220 (+1146.8%), from €5,774 to €71,994
mainly Net result for the year (+€110,990) and Tax, wage and social debts (+€49,984)
- Tangible fixed assets +€39,779
up €39,779 (+607.7%), from €6,546 to €46,325
of which Furniture and vehicles: +€41,131
- Current investments -€14,700
down €14,700 (-3.1%), from €471,509 to €456,809
- Reserves +€110,500
up €110,500 (+27.6%), from €399,860 to €510,360
of which Distributable reserves: +€110,500
- Tax, wage and social debts +€49,984
up €49,984 (+119.3%), from €41,909 to €91,893
- Profit (loss) carried forward -€49,511
down €49,511 (-18.5%), from €267,875 to €218,364
- Other debts +€23,909
up €23,909 (+392.6%), from €6,091 to €30,000
- Debts after one year +€16,077
new in 2025: €16,077
- Gross operating margin -€158,735
down €158,735 (-47.6%), from €333,725 to €174,990
- Depreciation +€5,607
up €5,607 (+91.7%), from €6,113 to €11,720
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 | €724,508 | €883,278 | +€158,770 | +21.9% |
| Fixed assets | 21/28 | €116,546 | €156,325 | +€39,779 | +34.1% |
| Tangible fixed assets | 22/27 | €6,546 | €46,325 | +€39,779 | +607.7% |
| Plant, machinery and equipment | 23 | €3,689 | €2,336 | -€1,352 | -36.7% |
| Furniture and vehicles | 24 | €2,858 | €43,989 | +€41,131 | +1439.4% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €607,962 | €726,954 | +€118,992 | +19.6% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Trade receivables | 290 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,450 | €122,361 | +€67,911 | +124.7% |
| Trade receivables | 40 | €54,450 | €112,777 | +€58,327 | +107.1% |
| Other amounts receivable | 41 | - | €9,584 | +€9,584 | |
| Current investments | 50/53 | €471,509 | €456,809 | -€14,700 | -3.1% |
| Cash at bank and in hand | 54/58 | €5,774 | €71,994 | +€66,220 | +1146.8% |
| Deferred charges and accrued income | 490/1 | €6,229 | €5,790 | -€439 | -7.0% |
| Total equity and liabilities | 10/49 | €724,508 | €883,278 | +€158,770 | +21.9% |
| Equity | 10/15 | €674,059 | €735,048 | +€60,990 | +9.0% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €399,860 | €510,360 | +€110,500 | +27.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €398,000 | €508,500 | +€110,500 | +27.8% |
| Profit (loss) carried forward | 14 | €267,875 | €218,364 | -€49,511 | -18.5% |
| Amounts payable | 17/49 | €50,449 | €148,230 | +€97,781 | +193.8% |
| Amounts payable after more than one year | 17 | - | €16,077 | +€16,077 | |
| Financial debts | 170/4 | - | €16,077 | +€16,077 | |
| Amounts payable within one year | 42/48 | €50,449 | €132,153 | +€81,704 | +162.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,365 | +€7,365 | |
| Trade debts | 44 | €2,450 | €2,895 | +€445 | +18.2% |
| Suppliers | 440/4 | €2,450 | €2,895 | +€445 | +18.2% |
| Taxes, remuneration and social security | 45 | €41,909 | €91,893 | +€49,984 | +119.3% |
| Taxes | 450/3 | €41,909 | €91,893 | +€49,984 | +119.3% |
| Other amounts payable | 47/48 | €6,091 | €30,000 | +€23,909 | +392.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,113 | €11,720 | +€5,607 | +91.7% |
| Other operating charges | 640/8 | €3,569 | €1,271 | -€2,298 | -64.4% |
| Gross operating margin | 9900 | €333,725 | €174,990 | -€158,735 | -47.6% |
| Operating profit (loss) | 9901 | €324,043 | €161,998 | -€162,044 | -50.0% |
| Financial income | 75/76B | €2,190 | €806 | -€1,384 | -63.2% |
| Recurring financial income | 75 | €2,190 | €806 | -€1,384 | -63.2% |
| Financial charges | 65/66B | €1,365 | €1,039 | -€326 | -23.9% |
| Recurring financial charges | 65 | €1,365 | €1,039 | -€326 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €324,867 | €161,766 | -€163,102 | -50.2% |
| Income taxes | 67/77 | €51,797 | €50,776 | -€1,021 | -2.0% |
| Profit (loss) for the period | 9904 | €273,071 | €110,990 | -€162,081 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €273,071 | €110,990 | -€162,081 | -59.4% |
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.