MMDS: 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.
MMDS
Largest movements
- Cash +€340,494
up €340,494 (+798.4%), from €42,646 to €383,139
mainly Current investments (+€277,400) and Net result for the year (+€67,273)
- Current investments -€277,400
no longer reported in 2025 (was €277,400)
- Tangible fixed assets -€54,859
down €54,859 (-9.7%), from €565,146 to €510,287
- Profit (loss) carried forward +€67,273
up €67,273 (+92.0%), from -€73,107 to -€5,834
- Debts after one year -€55,077
down €55,077 (-8.0%), from €689,400 to €634,323
- Other operating charges -€20,694
down €20,694 (-97.0%), from €21,343 to €649
- Financial income -€4,886
down €4,886 (-77.8%), from €6,277 to €1,391
- Gross operating margin +€4,396
up €4,396 (+3.8%), from €117,039 to €121,435
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 | €885,217 | €893,431 | +€8,215 | +0.9% |
| Fixed assets | 21/28 | €565,146 | €510,287 | -€54,859 | -9.7% |
| Tangible fixed assets | 22/27 | €565,146 | €510,287 | -€54,859 | -9.7% |
| Land and buildings | 22 | €565,146 | €510,287 | -€54,859 | -9.7% |
| Current assets | 29/58 | €320,071 | €383,145 | +€63,074 | +19.7% |
| Amounts receivable within one year | 40/41 | €25 | €5 | -€20 | -78.8% |
| Other amounts receivable | 41 | €25 | €5 | -€20 | -78.8% |
| Current investments | 50/53 | €277,400 | - | -€277,400 | |
| Cash at bank and in hand | 54/58 | €42,646 | €383,139 | +€340,494 | +798.4% |
| Total equity and liabilities | 10/49 | €885,217 | €893,431 | +€8,215 | +0.9% |
| Equity | 10/15 | €188,893 | €256,166 | +€67,273 | +35.6% |
| Contributions | 10/11 | €262,000 | €262,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,107 | -€5,834 | +€67,273 | +92.0% |
| Amounts payable | 17/49 | €696,323 | €637,266 | -€59,058 | -8.5% |
| Amounts payable after more than one year | 17 | €689,400 | €634,323 | -€55,077 | -8.0% |
| Financial debts | 170/4 | €689,400 | €634,323 | -€55,077 | -8.0% |
| Amounts payable within one year | 42/48 | €6,923 | €2,942 | -€3,981 | -57.5% |
| Trade debts | 44 | - | €2,942 | +€2,942 | |
| Suppliers | 440/4 | - | €2,942 | +€2,942 | |
| Other amounts payable | 47/48 | €6,923 | - | -€6,923 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,859 | €54,859 | -€0 | 0.0% |
| Other operating charges | 640/8 | €21,343 | €649 | -€20,694 | -97.0% |
| Gross operating margin | 9900 | €117,039 | €121,435 | +€4,396 | +3.8% |
| Operating profit (loss) | 9901 | €40,837 | €65,927 | +€25,090 | +61.4% |
| Financial income | 75/76B | €6,277 | €1,391 | -€4,886 | -77.8% |
| Recurring financial income | 75 | €6,277 | €1,391 | -€4,886 | -77.8% |
| Financial charges | 65/66B | €59 | €45 | -€14 | -23.5% |
| Recurring financial charges | 65 | €59 | €45 | -€14 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €47,055 | €67,273 | +€20,218 | +43.0% |
| Profit (loss) for the period | 9904 | €47,055 | €67,273 | +€20,218 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,055 | €67,273 | +€20,218 | +43.0% |
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 8 October 2026 via checked.be.