MMEA: 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.
MMEA
Largest movements
- Cash -€14,872
down €14,872 (-63.2%), from €23,551 to €8,679
mainly Net result for the year (-€11,103) and Other debts (-€9,180)
- Receivables within one year -€6,966
down €6,966 (-97.7%), from €7,132 to €166
of which Trade receivables: -€7,132
- Stocks and contracts -€6,593
no longer reported in 2024 (was €6,593)
- Tangible fixed assets +€2,379
up €2,379 (+18.0%), from €13,253 to €15,632
of which Plant, machinery and equipment: +€4,779
- Profit (loss) carried forward -€11,103
down €11,103, from €10,846 to -€257
- Other debts -€9,180
down €9,180 (-67.2%), from €13,662 to €4,482
- Trade debts -€4,807
no longer reported in 2024 (was €4,807)
- Tax, wage and social debts -€1,231
no longer reported in 2024 (was €1,231)
- Gross operating margin -€53,696
down €53,696, from €48,389 to -€5,307
- Depreciation +€2,982
up €2,982 (+257.7%), from €1,157 to €4,139
- Other operating charges +€699
up €699 (+120.5%), from €580 to €1,279
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,005 | €24,684 | -€26,321 | -51.6% |
| Fixed assets | 21/28 | €13,353 | €15,840 | +€2,487 | +18.6% |
| Tangible fixed assets | 22/27 | €13,253 | €15,632 | +€2,379 | +18.0% |
| Plant, machinery and equipment | 23 | €2,253 | €7,032 | +€4,779 | +212.1% |
| Furniture and vehicles | 24 | €11,000 | €8,600 | -€2,400 | -21.8% |
| Financial fixed assets | 28 | €100 | €207 | +€107 | +107.3% |
| Current assets | 29/58 | €37,652 | €8,844 | -€28,808 | -76.5% |
| Stocks and contracts in progress | 3 | €6,593 | - | -€6,593 | |
| Stocks | 30/36 | €6,593 | - | -€6,593 | |
| Amounts receivable within one year | 40/41 | €7,132 | €166 | -€6,966 | -97.7% |
| Trade receivables | 40 | €7,132 | €0 | -€7,132 | -100.0% |
| Other amounts receivable | 41 | - | €166 | +€166 | |
| Cash at bank and in hand | 54/58 | €23,551 | €8,679 | -€14,872 | -63.2% |
| Deferred charges and accrued income | 490/1 | €376 | - | -€376 | |
| Total equity and liabilities | 10/49 | €51,005 | €24,684 | -€26,321 | -51.6% |
| Equity | 10/15 | €31,305 | €20,202 | -€11,103 | -35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | - | €1,859 | +€1,859 | |
| Profit (loss) carried forward | 14 | €10,846 | -€257 | -€11,103 | |
| Amounts payable | 17/49 | €19,700 | €4,482 | -€15,218 | -77.3% |
| Amounts payable within one year | 42/48 | €19,700 | €4,482 | -€15,218 | -77.3% |
| Trade debts | 44 | €4,807 | - | -€4,807 | |
| Suppliers | 440/4 | €4,807 | - | -€4,807 | |
| Taxes, remuneration and social security | 45 | €1,231 | - | -€1,231 | |
| Taxes | 450/3 | €1,231 | - | -€1,231 | |
| Other amounts payable | 47/48 | €13,662 | €4,482 | -€9,180 | -67.2% |
| Remuneration, social security and pensions | 62 | - | €387 | +€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,157 | €4,139 | +€2,982 | +257.7% |
| Other operating charges | 640/8 | €580 | €1,279 | +€699 | +120.5% |
| Gross operating margin | 9900 | €48,389 | -€5,307 | -€53,696 | |
| Operating profit (loss) | 9901 | €46,652 | -€11,112 | -€57,764 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €156 | -€9 | -€165 | |
| Recurring financial charges | 65 | €156 | -€9 | -€165 | |
| Profit (loss) for the period before taxes | 9903 | €46,517 | -€11,103 | -€57,620 | |
| Profit (loss) for the period | 9904 | €46,517 | -€11,103 | -€57,620 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,517 | -€11,103 | -€57,620 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.