MMI XS: 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 XS
Largest movements
- Receivables within one year +€45,610
up €45,610 (+97.9%), from €46,603 to €92,212
of which Trade receivables: +€46,556
- Receivables after one year -€28,128
no longer reported in 2025 (was €28,128)
- Cash -€4,862
down €4,862 (-3.2%), from €151,205 to €146,343
mainly Contributions, distributions and other (-€53,868) and Receivables within one year (-€45,610)
- Reserves -€37,413
down €37,413 (-67.1%), from €55,728 to €18,315
of which Distributable reserves: -€37,413
- Tax, wage and social debts +€20,854
up €20,854 (+471%), from €4,423 to €25,278
- Profit (loss) carried forward +€14,757
no longer reported in 2025 (was -€14,757)
- Other debts +€13,142
up €13,142 (+42.4%), from €30,981 to €44,123
- Gross operating margin +€32,800
up €32,800 (+203%), from €16,156 to €48,956
- Taxes +€7,555
new in 2025: €7,555
- Financial income -€856
down €856 (-70.0%), from €1,223 to €367
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 | €227,520 | €238,555 | +€11,035 | +4.9% |
| Current assets | 29/58 | €227,520 | €238,555 | +€11,035 | +4.9% |
| Amounts receivable after more than one year | 29 | €28,128 | - | -€28,128 | |
| Other amounts receivable | 291 | €28,128 | - | -€28,128 | |
| Amounts receivable within one year | 40/41 | €46,603 | €92,212 | +€45,610 | +97.9% |
| Trade receivables | 40 | €45,656 | €92,212 | +€46,556 | +102% |
| Other amounts receivable | 41 | €947 | - | -€947 | |
| Cash at bank and in hand | 54/58 | €151,205 | €146,343 | -€4,862 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,585 | - | -€1,585 | |
| Total equity and liabilities | 10/49 | €227,520 | €238,555 | +€11,035 | +4.9% |
| Equity | 10/15 | €53,371 | €30,715 | -€22,656 | -42.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €55,728 | €18,315 | -€37,413 | -67.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,868 | €16,455 | -€37,413 | -69.5% |
| Profit (loss) carried forward | 14 | -€14,757 | - | +€14,757 | |
| Provisions and deferred taxes | 16 | €138,160 | €138,031 | -€129 | -0.1% |
| Provisions for liabilities and charges | 160/5 | €138,160 | €138,031 | -€129 | -0.1% |
| Other liabilities and charges | 164/5 | €138,160 | €138,031 | -€129 | -0.1% |
| Amounts payable | 17/49 | €35,989 | €69,809 | +€33,820 | +94.0% |
| Amounts payable within one year | 42/48 | €35,989 | €69,809 | +€33,820 | +94.0% |
| Financial debts | 43 | €9 | €9 | = | 0.0% |
| Credit institutions | 430/8 | €9 | €9 | = | 0.0% |
| Trade debts | 44 | €575 | €400 | -€176 | -30.5% |
| Suppliers | 440/4 | €575 | €400 | -€176 | -30.5% |
| Taxes, remuneration and social security | 45 | €4,423 | €25,278 | +€20,854 | +471% |
| Taxes | 450/3 | €4,423 | €25,278 | +€20,854 | +471% |
| Other amounts payable | 47/48 | €30,981 | €44,123 | +€13,142 | +42.4% |
| Other operating charges | 640/8 | €535 | €520 | -€16 | -2.9% |
| Gross operating margin | 9900 | €16,156 | €48,956 | +€32,800 | +203% |
| Operating profit (loss) | 9901 | €15,621 | €48,436 | +€32,815 | +210% |
| Financial income | 75/76B | €1,223 | €367 | -€856 | -70.0% |
| Recurring financial income | 75 | €1,223 | €367 | -€856 | -70.0% |
| Financial charges | 65/66B | €10,032 | €10,037 | +€4 | 0.0% |
| Recurring financial charges | 65 | €10,032 | €10,037 | +€4 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €6,811 | €38,766 | +€31,955 | +469% |
| Income taxes | 67/77 | - | €7,555 | +€7,555 | |
| Profit (loss) for the period | 9904 | €6,811 | €31,212 | +€24,400 | +358% |
| Profit (loss) for the period to be appropriated | 9905 | €6,811 | €31,212 | +€24,400 | +358% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.