MMG Services: 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.
MMG Services
Largest movements
- Tangible fixed assets +€19,691
up €19,691 (+1131.9%), from €1,740 to €21,431
- Receivables within one year -€2,787
down €2,787 (-99.1%), from €2,813 to €26
of which Trade receivables: -€2,813
- Debts after one year +€6,793
new in 2026: €6,793
- Profit (loss) carried forward +€4,768
up €4,768 (+98.1%), from €4,859 to €9,628
- Current portion of long-term debt +€4,598
new in 2026: €4,598
- Tax, wage and social debts +€575
up €575 (+109.0%), from €528 to €1,103
- Gross operating margin +€6,948
up €6,948 (+320.7%), from €2,166 to €9,114
- Depreciation +€1,428
up €1,428 (+82.1%), from €1,740 to €3,167
- Taxes +€569
up €569 (+991.8%), from €57 to €627
- Financial charges +€388
up €388 (+237.8%), from €163 to €552
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,447 | €32,201 | +€16,753 | +108.5% |
| Fixed assets | 21/28 | €1,790 | €21,481 | +€19,691 | +1100.3% |
| Tangible fixed assets | 22/27 | €1,740 | €21,431 | +€19,691 | +1131.9% |
| Furniture and vehicles | 24 | €1,740 | €21,431 | +€19,691 | +1131.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €13,657 | €10,720 | -€2,938 | -21.5% |
| Amounts receivable within one year | 40/41 | €2,813 | €26 | -€2,787 | -99.1% |
| Trade receivables | 40 | €2,813 | - | -€2,813 | |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €10,844 | €10,694 | -€151 | -1.4% |
| Total equity and liabilities | 10/49 | €15,447 | €32,201 | +€16,753 | +108.5% |
| Equity | 10/15 | €14,919 | €19,688 | +€4,768 | +32.0% |
| Contributions | 10/11 | €10,060 | €10,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,859 | €9,628 | +€4,768 | +98.1% |
| Amounts payable | 17/49 | €528 | €12,513 | +€11,985 | +2270.8% |
| Amounts payable after more than one year | 17 | - | €6,793 | +€6,793 | |
| Financial debts | 170/4 | - | €6,793 | +€6,793 | |
| Amounts payable within one year | 42/48 | €528 | €5,720 | +€5,192 | +983.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,598 | +€4,598 | |
| Trade debts | 44 | - | €20 | +€20 | |
| Suppliers | 440/4 | - | €20 | +€20 | |
| Taxes, remuneration and social security | 45 | €528 | €1,103 | +€575 | +109.0% |
| Taxes | 450/3 | €528 | €1,103 | +€575 | +109.0% |
| Non-recurring operating income | 76A | - | €10,260 | +€10,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,740 | €3,167 | +€1,428 | +82.1% |
| Other operating charges | 640/8 | €44 | - | -€44 | |
| Gross operating margin | 9900 | €2,166 | €9,114 | +€6,948 | +320.7% |
| Operating profit (loss) | 9901 | €383 | €5,947 | +€5,564 | +1453.4% |
| Financial charges | 65/66B | €163 | €552 | +€388 | +237.8% |
| Recurring financial charges | 65 | €163 | €552 | +€388 | +237.8% |
| Profit (loss) for the period before taxes | 9903 | €220 | €5,395 | +€5,176 | +2357.4% |
| Income taxes | 67/77 | €57 | €627 | +€569 | +991.8% |
| Profit (loss) for the period | 9904 | €162 | €4,768 | +€4,606 | +2840.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162 | €4,768 | +€4,606 | +2840.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.