MME: 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.
MME
Largest movements
- Cash +€25,713
up €25,713 (+56.1%), from €45,799 to €71,511
mainly Net result for the year (+€84,632) and Depreciation (+€23,940)
- Receivables within one year -€11,823
down €11,823 (-59.1%), from €20,017 to €8,195
of which Trade receivables: -€12,929
- Tangible fixed assets -€11,770
down €11,770 (-1.7%), from €703,728 to €691,958
of which Land and buildings: -€16,502
- Reserves +€57,382
up €57,382 (+19.9%), from €289,037 to €346,418
- Debts after one year -€29,867
down €29,867 (-9.5%), from €314,025 to €284,159
- Other debts -€27,447
down €27,447 (-47.9%), from €57,327 to €29,880
- Gross operating margin +€25,328
up €25,328 (+19.5%), from €129,989 to €155,316
- Taxes +€11,075
up €11,075 (+44.1%), from €25,105 to €36,180
- Other operating charges -€6,381
down €6,381 (-59.1%), from €10,797 to €4,416
- Financial charges -€5,380
down €5,380 (-46.6%), from €11,536 to €6,156
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.
Derived cash bridge
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 | €771,544 | €772,276 | +€732 | +0.1% |
| Fixed assets | 21/28 | €703,728 | €691,958 | -€11,770 | -1.7% |
| Tangible fixed assets | 22/27 | €703,728 | €691,958 | -€11,770 | -1.7% |
| Land and buildings | 22 | €436,709 | €420,208 | -€16,502 | -3.8% |
| Plant, machinery and equipment | 23 | €30,125 | €36,628 | +€6,503 | +21.6% |
| Furniture and vehicles | 24 | €9,081 | €7,311 | -€1,771 | -19.5% |
| Other tangible fixed assets | 26 | €227,812 | €227,812 | = | 0.0% |
| Current assets | 29/58 | €67,816 | €80,318 | +€12,502 | +18.4% |
| Amounts receivable after more than one year | 29 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts receivable | 291 | €2,000 | €0 | -€2,000 | -100% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €20,017 | €8,195 | -€11,823 | -59.1% |
| Trade receivables | 40 | €20,017 | €7,088 | -€12,929 | -64.6% |
| Other amounts receivable | 41 | - | €1,107 | +€1,107 | |
| Cash at bank and in hand | 54/58 | €45,799 | €71,511 | +€25,713 | +56.1% |
| Deferred charges and accrued income | 490/1 | €0 | €611 | +€611 | |
| Total equity and liabilities | 10/49 | €771,544 | €772,276 | +€732 | +0.1% |
| Equity | 10/15 | €295,237 | €352,618 | +€57,382 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €289,037 | €346,418 | +€57,382 | +19.9% |
| Distributable reserves | 133 | €289,037 | €346,418 | +€57,382 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €476,307 | €419,658 | -€56,650 | -11.9% |
| Amounts payable after more than one year | 17 | €314,025 | €284,159 | -€29,867 | -9.5% |
| Financial debts | 170/4 | €314,025 | €284,159 | -€29,867 | -9.5% |
| Amounts payable within one year | 42/48 | €162,282 | €135,499 | -€26,783 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €29,482 | €29,867 | +€385 | +1.3% |
| Financial debts | 43 | - | €253 | +€253 | |
| Credit institutions | 430/8 | - | €253 | +€253 | |
| Trade debts | 44 | €30,988 | €31,386 | +€398 | +1.3% |
| Suppliers | 440/4 | €30,988 | €31,386 | +€398 | +1.3% |
| Taxes, remuneration and social security | 45 | €44,486 | €44,114 | -€372 | -0.8% |
| Taxes | 450/3 | €36,264 | €43,423 | +€7,159 | +19.7% |
| Remuneration and social security | 454/9 | €8,222 | €691 | -€7,531 | -91.6% |
| Other amounts payable | 47/48 | €57,327 | €29,880 | -€27,447 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,946 | €23,940 | +€993 | +4.3% |
| Other operating charges | 640/8 | €10,797 | €4,416 | -€6,381 | -59.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €129,989 | €155,316 | +€25,328 | +19.5% |
| Operating profit (loss) | 9901 | €96,246 | €126,961 | +€30,715 | +31.9% |
| Financial income | 75/76B | €192 | €6 | -€185 | -96.7% |
| Recurring financial income | 75 | €192 | €6 | -€185 | -96.7% |
| Financial charges | 65/66B | €11,536 | €6,156 | -€5,380 | -46.6% |
| Recurring financial charges | 65 | €11,536 | €6,156 | -€5,380 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €84,902 | €120,812 | +€35,910 | +42.3% |
| Income taxes | 67/77 | €25,105 | €36,180 | +€11,075 | +44.1% |
| Profit (loss) for the period | 9904 | €59,797 | €84,632 | +€24,835 | +41.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,797 | €84,632 | +€24,835 | +41.5% |
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 18 October 2026 via checked.be.