MMGDev: 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.
MMGDev
Largest movements
- Receivables within one year -€37,746
no longer reported in 2025 (was €37,746)
of which Trade receivables: -€20,500
- Financial fixed assets +€34,013
up €34,013 (+10.1%), from €337,620 to €371,633
- Tangible fixed assets -€7,323
no longer reported in 2025 (was €7,323)
- Debts after one year -€42,706
no longer reported in 2025 (was €42,706)
- Current portion of long-term debt +€42,706
up €42,706 (+117.2%), from €36,424 to €79,130
- Other debts -€35,974
down €35,974 (-14.6%), from €245,744 to €209,770
- Reserves +€16,344
up €16,344 (+83.6%), from €19,540 to €35,884
- Gross operating margin +€17,568
up €17,568 (+841.9%), from €2,087 to €19,655
- Depreciation -€9,826
no longer reported in 2025 (was €9,826)
- Taxes +€3,371
up €3,371 (+621.6%), from €542 to €3,914
- Other operating charges -€725
down €725 (-68.6%), from €1,057 to €332
- Financial income +€362
up €362 (+53.6%), from €675 to €1,037
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 | €500,395 | €483,842 | -€16,552 | -3.3% |
| Fixed assets | 21/28 | €344,942 | €371,633 | +€26,691 | +7.7% |
| Tangible fixed assets | 22/27 | €7,323 | - | -€7,323 | |
| Furniture and vehicles | 24 | €7,323 | - | -€7,323 | |
| Financial fixed assets | 28 | €337,620 | €371,633 | +€34,013 | +10.1% |
| Current assets | 29/58 | €155,452 | €112,209 | -€43,243 | -27.8% |
| Amounts receivable within one year | 40/41 | €37,746 | - | -€37,746 | |
| Trade receivables | 40 | €20,500 | - | -€20,500 | |
| Other amounts receivable | 41 | €17,246 | - | -€17,246 | |
| Cash at bank and in hand | 54/58 | €116,347 | €112,209 | -€4,138 | -3.6% |
| Deferred charges and accrued income | 490/1 | €1,359 | - | -€1,359 | |
| Total equity and liabilities | 10/49 | €500,395 | €483,842 | -€16,552 | -3.3% |
| Equity | 10/15 | €174,758 | €191,102 | +€16,344 | +9.4% |
| Contributions | 10/11 | €121,000 | €121,000 | = | 0.0% |
| Reserves | 13 | €19,540 | €35,884 | +€16,344 | +83.6% |
| Distributable reserves | 133 | €19,540 | €35,884 | +€16,344 | +83.6% |
| Profit (loss) carried forward | 14 | €34,218 | €34,218 | = | 0.0% |
| Amounts payable | 17/49 | €325,636 | €292,740 | -€32,896 | -10.1% |
| Amounts payable after more than one year | 17 | €42,706 | - | -€42,706 | |
| Financial debts | 170/4 | €42,706 | - | -€42,706 | |
| Amounts payable within one year | 42/48 | €282,930 | €292,740 | +€9,810 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €36,424 | €79,130 | +€42,706 | +117.2% |
| Trade debts | 44 | €422 | €151 | -€271 | -64.2% |
| Suppliers | 440/4 | €422 | €151 | -€271 | -64.2% |
| Taxes, remuneration and social security | 45 | €340 | €3,689 | +€3,349 | +985.4% |
| Taxes | 450/3 | €340 | €3,689 | +€3,349 | +985.4% |
| Other amounts payable | 47/48 | €245,744 | €209,770 | -€35,974 | -14.6% |
| Non-recurring operating income | 76A | - | €19,950 | +€19,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,826 | - | -€9,826 | |
| Other operating charges | 640/8 | €1,057 | €332 | -€725 | -68.6% |
| Gross operating margin | 9900 | €2,087 | €19,655 | +€17,568 | +841.9% |
| Operating profit (loss) | 9901 | -€8,797 | €19,323 | +€28,120 | |
| Financial income | 75/76B | €675 | €1,037 | +€362 | +53.6% |
| Recurring financial income | 75 | €675 | €1,037 | +€362 | +53.6% |
| Financial charges | 65/66B | €422 | €102 | -€320 | -75.8% |
| Recurring financial charges | 65 | €422 | €102 | -€320 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,544 | €20,258 | +€28,802 | |
| Income taxes | 67/77 | €542 | €3,914 | +€3,371 | +621.6% |
| Profit (loss) for the period | 9904 | -€9,086 | €16,344 | +€25,430 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,086 | €16,344 | +€25,430 |
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 30 September 2026 via checked.be.