MMLB: 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.
MMLB
Largest movements
- Receivables within one year +€995,742
up €995,742 (+174.7%), from €570,077 to €1.6m
of which Other amounts receivable: +€945,003
- Profit (loss) carried forward +€959,450
up €959,450 (+68.9%), from €1.4m to €2.4m
- Debts after one year -€477,328
down €477,328 (-32.0%), from €1.5m to €1.0m
- Other debts +€368,000
up €368,000 (+15.0%), from €2.5m to €2.8m
- Current portion of long-term debt +€109,494
up €109,494 (+33.4%), from €327,777 to €437,271
- Financial income -€478,569
down €478,569 (-33.6%), from €1.4m to €945,000
- Financial charges -€18,795
down €18,795 (-31.7%), from €59,232 to €40,437
- Taxes +€2,025
new in 2025: €2,025
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 | €5,835,938 | €6,819,656 | +€983,718 | +16.9% |
| Formation expenses | 20 | €10,404 | €6,685 | -€3,719 | -35.7% |
| Fixed assets | 21/28 | €5,150,000 | €5,150,000 | = | 0.0% |
| Financial fixed assets | 28 | €5,150,000 | €5,150,000 | = | 0.0% |
| Current assets | 29/58 | €675,534 | €1,662,972 | +€987,438 | +146.2% |
| Amounts receivable within one year | 40/41 | €570,077 | €1,565,819 | +€995,742 | +174.7% |
| Trade receivables | 40 | €46,306 | €97,046 | +€50,740 | +109.6% |
| Other amounts receivable | 41 | €523,771 | €1,468,773 | +€945,003 | +180.4% |
| Cash at bank and in hand | 54/58 | €62,191 | €53,886 | -€8,305 | -13.4% |
| Deferred charges and accrued income | 490/1 | €43,267 | €43,267 | = | 0.0% |
| Total equity and liabilities | 10/49 | €5,835,938 | €6,819,656 | +€983,718 | +16.9% |
| Equity | 10/15 | €1,491,626 | €2,451,076 | +€959,450 | +64.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,391,626 | €2,351,076 | +€959,450 | +68.9% |
| Amounts payable | 17/49 | €4,344,312 | €4,368,581 | +€24,269 | +0.6% |
| Amounts payable after more than one year | 17 | €1,491,003 | €1,013,675 | -€477,328 | -32.0% |
| Financial debts | 170/4 | €1,491,003 | €1,013,675 | -€477,328 | -32.0% |
| Amounts payable within one year | 42/48 | €2,848,114 | €3,351,092 | +€502,978 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €327,777 | €437,271 | +€109,494 | +33.4% |
| Trade debts | 44 | €57,280 | €79,823 | +€22,543 | +39.4% |
| Suppliers | 440/4 | €57,280 | €79,823 | +€22,543 | +39.4% |
| Taxes, remuneration and social security | 45 | €3,506 | €6,448 | +€2,942 | +83.9% |
| Taxes | 450/3 | €3,506 | €6,448 | +€2,942 | +83.9% |
| Other amounts payable | 47/48 | €2,459,550 | €2,827,550 | +€368,000 | +15.0% |
| Accrued charges and deferred income | 492/3 | €5,195 | €3,813 | -€1,382 | -26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,719 | €3,719 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €61,388 | €61,630 | +€242 | +0.4% |
| Operating profit (loss) | 9901 | €56,701 | €56,912 | +€211 | +0.4% |
| Financial income | 75/76B | €1,423,569 | €945,000 | -€478,569 | -33.6% |
| Recurring financial income | 75 | €1,423,569 | €945,000 | -€478,569 | -33.6% |
| Financial charges | 65/66B | €59,232 | €40,437 | -€18,795 | -31.7% |
| Recurring financial charges | 65 | €59,232 | €40,437 | -€18,795 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €1,421,038 | €961,475 | -€459,563 | -32.3% |
| Income taxes | 67/77 | - | €2,025 | +€2,025 | |
| Profit (loss) for the period | 9904 | €1,421,038 | €959,450 | -€461,588 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,421,038 | €959,450 | -€461,588 | -32.5% |
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 2 October 2026 via checked.be.