MMK Trading: 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.
MMK Trading
Largest movements
- Cash -€50,812
down €50,812 (-45.1%), from €112,575 to €61,763
mainly Advances received (-€96,800) and Accrued charges and deferred income (-€43,900)
- Receivables within one year -€38,616
down €38,616 (-29.9%), from €128,948 to €90,332
of which Trade receivables: -€46,022
- Advances received -€96,800
no longer reported in 2024 (was €96,800)
- Accrued charges and deferred income -€43,900
down €43,900 (-65.3%), from €67,233 to €23,333
- Trade debts +€23,523
up €23,523 (+42.2%), from €55,711 to €79,234
- Tax, wage and social debts +€18,618
up €18,618 (+46.8%), from €39,781 to €58,399
of which Taxes: +€18,999
- Profit (loss) carried forward +€8,495
up €8,495 (+23.9%), from €35,501 to €43,996
- Staff costs -€29,312
down €29,312 (-22.2%), from €132,283 to €102,971
- Gross operating margin -€20,670
down €20,670 (-10.9%), from €190,182 to €169,512
- Taxes +€14,685
up €14,685 (+235%), from €6,239 to €20,925
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,481 | €219,417 | -€90,064 | -29.1% |
| Fixed assets | 21/28 | €51,905 | €50,059 | -€1,846 | -3.6% |
| Tangible fixed assets | 22/27 | €45,505 | €43,659 | -€1,846 | -4.1% |
| Plant, machinery and equipment | 23 | €38,047 | €29,256 | -€8,792 | -23.1% |
| Furniture and vehicles | 24 | €5,599 | €10,601 | +€5,002 | +89.3% |
| Other tangible fixed assets | 26 | €1,858 | €3,802 | +€1,944 | +105% |
| Financial fixed assets | 28 | €6,400 | €6,400 | = | 0.0% |
| Current assets | 29/58 | €257,576 | €169,358 | -€88,218 | -34.2% |
| Stocks and contracts in progress | 3 | €16,053 | €17,263 | +€1,210 | +7.5% |
| Stocks | 30/36 | €16,053 | €17,263 | +€1,210 | +7.5% |
| Amounts receivable within one year | 40/41 | €128,948 | €90,332 | -€38,616 | -29.9% |
| Trade receivables | 40 | €85,560 | €39,538 | -€46,022 | -53.8% |
| Other amounts receivable | 41 | €43,388 | €50,794 | +€7,406 | +17.1% |
| Cash at bank and in hand | 54/58 | €112,575 | €61,763 | -€50,812 | -45.1% |
| Total equity and liabilities | 10/49 | €309,481 | €219,417 | -€90,064 | -29.1% |
| Equity | 10/15 | €47,901 | €56,396 | +€8,495 | +17.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,501 | €43,996 | +€8,495 | +23.9% |
| Amounts payable | 17/49 | €261,580 | €163,021 | -€98,559 | -37.7% |
| Amounts payable within one year | 42/48 | €194,346 | €139,688 | -€54,659 | -28.1% |
| Trade debts | 44 | €55,711 | €79,234 | +€23,523 | +42.2% |
| Suppliers | 440/4 | €55,711 | €79,234 | +€23,523 | +42.2% |
| Advances received on contracts in progress | 46 | €96,800 | - | -€96,800 | |
| Taxes, remuneration and social security | 45 | €39,781 | €58,399 | +€18,618 | +46.8% |
| Taxes | 450/3 | €9,803 | €28,802 | +€18,999 | +194% |
| Remuneration and social security | 454/9 | €29,978 | €29,597 | -€380 | -1.3% |
| Other amounts payable | 47/48 | €2,055 | €2,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €67,233 | €23,333 | -€43,900 | -65.3% |
| Non-recurring operating income | 76A | €16,667 | €40,000 | +€23,333 | +140% |
| Remuneration, social security and pensions | 62 | €132,283 | €102,971 | -€29,312 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,111 | €13,957 | +€1,846 | +15.2% |
| Other operating charges | 640/8 | €5,335 | €6,563 | +€1,229 | +23.0% |
| Non-recurring operating charges | 66A | €12,084 | €12,381 | +€296 | +2.5% |
| Gross operating margin | 9900 | €190,182 | €169,512 | -€20,670 | -10.9% |
| Operating profit (loss) | 9901 | €28,370 | €33,641 | +€5,271 | +18.6% |
| Financial income | 75/76B | €18 | €36 | +€18 | +97.3% |
| Recurring financial income | 75 | €18 | €36 | +€18 | +97.3% |
| Financial charges | 65/66B | €5,701 | €4,257 | -€1,444 | -25.3% |
| Recurring financial charges | 65 | €5,701 | €4,257 | -€1,444 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €22,688 | €29,420 | +€6,732 | +29.7% |
| Income taxes | 67/77 | €6,239 | €20,925 | +€14,685 | +235% |
| Profit (loss) for the period | 9904 | €16,448 | €8,495 | -€7,953 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,448 | €8,495 | -€7,953 | -48.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.