MMIQ: 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.
MMIQ
Largest movements
- Cash +€47,592
up €47,592 (+671.4%), from €7,088 to €54,680
mainly Other debts (+€28,361) and Net result for the year (+€24,922)
- Tangible fixed assets -€16,806
down €16,806 (-10.4%), from €161,656 to €144,850
of which Furniture and vehicles: -€23,133
- Receivables within one year -€9,325
down €9,325 (-41.7%), from €22,338 to €13,013
of which Trade receivables: -€4,820
- Deferred charges and accrued income +€3,137
up €3,137 (+128.6%), from €2,440 to €5,577
- Other debts +€28,361
up €28,361 (+357.7%), from €7,928 to €36,289
- Reserves -€24,978
down €24,978 (-64.8%), from €38,569 to €13,590
of which Distributable reserves: -€24,978
- Tax, wage and social debts +€17,577
up €17,577 (+175.6%), from €10,007 to €27,584
of which Taxes: +€13,577
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Current portion of long-term debt -€8,377
down €8,377 (-52.2%), from €16,039 to €7,661
- Gross operating margin +€23,712
up €23,712 (+66.1%), from €35,871 to €59,583
- Financial charges +€4,328
up €4,328 (+129.4%), from €3,344 to €7,672
- Depreciation -€2,843
down €2,843 (-20.9%), from €13,631 to €10,788
- Taxes +€2,456
up €2,456 (+41.6%), from €5,909 to €8,365
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 | €193,522 | €218,121 | +€24,598 | +12.7% |
| Fixed assets | 21/28 | €161,656 | €144,850 | -€16,806 | -10.4% |
| Tangible fixed assets | 22/27 | €161,656 | €144,850 | -€16,806 | -10.4% |
| Land and buildings | 22 | €132,800 | €139,592 | +€6,792 | +5.1% |
| Furniture and vehicles | 24 | €24,581 | €1,449 | -€23,133 | -94.1% |
| Other tangible fixed assets | 26 | €4,275 | €3,809 | -€465 | -10.9% |
| Current assets | 29/58 | €31,866 | €73,270 | +€41,404 | +129.9% |
| Amounts receivable within one year | 40/41 | €22,338 | €13,013 | -€9,325 | -41.7% |
| Trade receivables | 40 | €16,333 | €11,513 | -€4,820 | -29.5% |
| Other amounts receivable | 41 | €6,005 | €1,500 | -€4,505 | -75.0% |
| Cash at bank and in hand | 54/58 | €7,088 | €54,680 | +€47,592 | +671.4% |
| Deferred charges and accrued income | 490/1 | €2,440 | €5,577 | +€3,137 | +128.6% |
| Total equity and liabilities | 10/49 | €193,522 | €218,121 | +€24,598 | +12.7% |
| Equity | 10/15 | €44,769 | €32,190 | -€12,578 | -28.1% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €38,569 | €13,590 | -€24,978 | -64.8% |
| 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 | €36,709 | €11,730 | -€24,978 | -68.0% |
| Amounts payable | 17/49 | €148,754 | €185,930 | +€37,177 | +25.0% |
| Amounts payable after more than one year | 17 | €113,169 | €111,323 | -€1,846 | -1.6% |
| Financial debts | 170/4 | €113,169 | €111,323 | -€1,846 | -1.6% |
| Amounts payable within one year | 42/48 | €35,585 | €74,577 | +€38,992 | +109.6% |
| Current portion of amounts payable after more than one year | 42 | €16,039 | €7,661 | -€8,377 | -52.2% |
| Trade debts | 44 | €1,611 | €3,043 | +€1,432 | +88.8% |
| Suppliers | 440/4 | €1,611 | €3,043 | +€1,432 | +88.8% |
| Taxes, remuneration and social security | 45 | €10,007 | €27,584 | +€17,577 | +175.6% |
| Taxes | 450/3 | €10,007 | €23,584 | +€13,577 | +135.7% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €7,928 | €36,289 | +€28,361 | +357.7% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,631 | €10,788 | -€2,843 | -20.9% |
| Other operating charges | 640/8 | €2,121 | €1,725 | -€395 | -18.6% |
| Non-recurring operating charges | 66A | - | €6,112 | +€6,112 | |
| Gross operating margin | 9900 | €35,871 | €59,583 | +€23,712 | +66.1% |
| Operating profit (loss) | 9901 | €20,120 | €40,958 | +€20,838 | +103.6% |
| Financial charges | 65/66B | €3,344 | €7,672 | +€4,328 | +129.4% |
| Recurring financial charges | 65 | €3,344 | €7,672 | +€4,328 | +129.4% |
| Profit (loss) for the period before taxes | 9903 | €16,776 | €33,287 | +€16,511 | +98.4% |
| Income taxes | 67/77 | €5,909 | €8,365 | +€2,456 | +41.6% |
| Profit (loss) for the period | 9904 | €10,868 | €24,922 | +€14,054 | +129.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,868 | €24,922 | +€14,054 | +129.3% |
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 4 October 2026 via checked.be.