MMI CHAPES: 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.
MMI CHAPES
Largest movements
- Tangible fixed assets -€8,136
down €8,136 (-29.2%), from €27,887 to €19,752
of which Plant, machinery and equipment: -€5,656
- Receivables within one year +€2,548
up €2,548 (+23.4%), from €10,899 to €13,447
of which Trade receivables: +€3,302
- Cash -€1,301
down €1,301 (-22.5%), from €5,771 to €4,470
mainly Net result for the year (-€10,142) and Other debts (-€2,849)
- Deferred charges and accrued income -€1,269
down €1,269 (-29.3%), from €4,328 to €3,059
- Profit (loss) carried forward -€10,142
down €10,142, from €9,704 to -€438
- Trade debts +€3,903
up €3,903 (+1,643%), from €238 to €4,141
- Other debts -€2,849
down €2,849 (-11.6%), from €24,514 to €21,666
- Tax, wage and social debts +€953
up €953 (+10.1%), from €9,406 to €10,359
of which Remuneration and social security: +€4,669
- Staff costs +€31,778
up €31,778 (+277%), from €11,480 to €43,258
- Gross operating margin +€15,182
up €15,182 (+49.3%), from €30,775 to €45,957
- Depreciation +€4,193
up €4,193 (+92.1%), from €4,551 to €8,744
- Taxes -€2,850
down €2,850 (-85.5%), from €3,333 to €483
- Financial charges +€1,488
up €1,488 (+3,265%), from €46 to €1,533
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 | €48,885 | €40,728 | -€8,158 | -16.7% |
| Fixed assets | 21/28 | €27,887 | €19,752 | -€8,136 | -29.2% |
| Tangible fixed assets | 22/27 | €27,887 | €19,752 | -€8,136 | -29.2% |
| Plant, machinery and equipment | 23 | €21,718 | €16,061 | -€5,656 | -26.0% |
| Furniture and vehicles | 24 | €6,170 | €3,690 | -€2,479 | -40.2% |
| Current assets | 29/58 | €20,998 | €20,976 | -€22 | -0.1% |
| Amounts receivable within one year | 40/41 | €10,899 | €13,447 | +€2,548 | +23.4% |
| Trade receivables | 40 | €9,552 | €12,854 | +€3,302 | +34.6% |
| Other amounts receivable | 41 | €1,347 | €593 | -€754 | -56.0% |
| Cash at bank and in hand | 54/58 | €5,771 | €4,470 | -€1,301 | -22.5% |
| Deferred charges and accrued income | 490/1 | €4,328 | €3,059 | -€1,269 | -29.3% |
| Total equity and liabilities | 10/49 | €48,885 | €40,728 | -€8,158 | -16.7% |
| Equity | 10/15 | €14,704 | €4,562 | -€10,142 | -69.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,704 | -€438 | -€10,142 | |
| Amounts payable | 17/49 | €34,182 | €36,166 | +€1,984 | +5.8% |
| Amounts payable within one year | 42/48 | €34,158 | €36,166 | +€2,008 | +5.9% |
| Trade debts | 44 | €238 | €4,141 | +€3,903 | +1,643% |
| Suppliers | 440/4 | €238 | €4,141 | +€3,903 | +1,643% |
| Taxes, remuneration and social security | 45 | €9,406 | €10,359 | +€953 | +10.1% |
| Taxes | 450/3 | €5,135 | €1,420 | -€3,716 | -72.4% |
| Remuneration and social security | 454/9 | €4,271 | €8,940 | +€4,669 | +109% |
| Other amounts payable | 47/48 | €24,514 | €21,666 | -€2,849 | -11.6% |
| Accrued charges and deferred income | 492/3 | €24 | €0 | -€24 | -100% |
| Remuneration, social security and pensions | 62 | €11,480 | €43,258 | +€31,778 | +277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,551 | €8,744 | +€4,193 | +92.1% |
| Other operating charges | 640/8 | €1,665 | €2,080 | +€415 | +25.0% |
| Gross operating margin | 9900 | €30,775 | €45,957 | +€15,182 | +49.3% |
| Operating profit (loss) | 9901 | €13,080 | -€8,126 | -€21,205 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -90.4% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -90.4% |
| Financial charges | 65/66B | €46 | €1,533 | +€1,488 | +3,265% |
| Recurring financial charges | 65 | €46 | €1,533 | +€1,488 | +3,265% |
| Profit (loss) for the period before taxes | 9903 | €13,037 | -€9,658 | -€22,695 | |
| Income taxes | 67/77 | €3,333 | €483 | -€2,850 | -85.5% |
| Profit (loss) for the period | 9904 | €9,704 | -€10,142 | -€19,845 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,704 | -€10,142 | -€19,845 |
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 24 October 2026 via checked.be.