MMF group: 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.
MMF group
Largest movements
- Tangible fixed assets -€126,430
down €126,430 (-99.2%), from €127,513 to €1,083
of which Land and buildings: -€125,001
- Cash +€70,626
up €70,626 (+89264.0%), from €79 to €70,705
mainly Investment in fixed assets (net) (+€125,001) and Receivables after one year (+€3,189)
- Receivables after one year -€3,189
down €3,189 (-4.7%), from €67,773 to €64,584
- Current portion of long-term debt -€35,932
no longer reported in 2025 (was €35,932)
- Debts after one year -€21,205
no longer reported in 2025 (was €21,205)
- Financial charges -€1,358
down €1,358 (-47.7%), from €2,846 to €1,488
- Gross operating margin -€902
down €902 (-41.3%), from €2,183 to €1,281
- Depreciation -€672
down €672 (-32.0%), from €2,101 to €1,429
- Financial income +€256
up €256 (+11.1%), from €2,305 to €2,562
- Taxes +€117
up €117 (+93.1%), from €126 to €242
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 | €204,799 | €145,748 | -€59,051 | -28.8% |
| Fixed assets | 21/28 | €127,513 | €1,083 | -€126,430 | -99.2% |
| Tangible fixed assets | 22/27 | €127,513 | €1,083 | -€126,430 | -99.2% |
| Land and buildings | 22 | €125,001 | - | -€125,001 | |
| Plant, machinery and equipment | 23 | €830 | €242 | -€588 | -70.9% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €1,682 | €841 | -€841 | -50.0% |
| Current assets | 29/58 | €77,286 | €144,665 | +€67,379 | +87.2% |
| Amounts receivable after more than one year | 29 | €67,773 | €64,584 | -€3,189 | -4.7% |
| Other amounts receivable | 291 | €67,773 | €64,584 | -€3,189 | -4.7% |
| Amounts receivable within one year | 40/41 | €7,434 | €7,377 | -€58 | -0.8% |
| Other amounts receivable | 41 | €7,434 | €7,377 | -€58 | -0.8% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79 | €70,705 | +€70,626 | +89264.0% |
| Total equity and liabilities | 10/49 | €204,799 | €145,748 | -€59,051 | -28.8% |
| Equity | 10/15 | €145,644 | €145,581 | -€63 | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €150,441 | €150,441 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,962 | €7,962 | = | 0.0% |
| Distributable reserves | 133 | €140,624 | €140,624 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,347 | -€23,410 | -€63 | -0.3% |
| Amounts payable | 17/49 | €59,155 | €167 | -€58,988 | -99.7% |
| Amounts payable after more than one year | 17 | €21,205 | - | -€21,205 | |
| Financial debts | 170/4 | €21,205 | - | -€21,205 | |
| Amounts payable within one year | 42/48 | €37,350 | €167 | -€37,183 | -99.6% |
| Current portion of amounts payable after more than one year | 42 | €35,932 | - | -€35,932 | |
| Trade debts | 44 | €1,418 | €167 | -€1,251 | -88.2% |
| Suppliers | 440/4 | €1,418 | €167 | -€1,251 | -88.2% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Non-recurring operating income | 76A | €7,000 | €4,999 | -€2,001 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,101 | €1,429 | -€672 | -32.0% |
| Other operating charges | 640/8 | €692 | €745 | +€54 | +7.8% |
| Gross operating margin | 9900 | €2,183 | €1,281 | -€902 | -41.3% |
| Operating profit (loss) | 9901 | -€610 | -€893 | -€284 | -46.5% |
| Financial income | 75/76B | €2,305 | €2,562 | +€256 | +11.1% |
| Recurring financial income | 75 | €2,305 | €2,562 | +€256 | +11.1% |
| Financial charges | 65/66B | €2,846 | €1,488 | -€1,358 | -47.7% |
| Recurring financial charges | 65 | €2,846 | €1,488 | -€1,358 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,151 | €180 | +€1,331 | |
| Income taxes | 67/77 | €126 | €242 | +€117 | +93.1% |
| Profit (loss) for the period | 9904 | -€1,277 | -€63 | +€1,214 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,277 | -€63 | +€1,214 | +95.1% |
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.