MMM Advisory: 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.
MMM Advisory
Largest movements
- Cash +€92,828
up €92,828 (+240.3%), from €38,630 to €131,458
mainly Net result for the year (+€76,822) and Tax, wage and social debts (+€12,378)
- Deferred charges and accrued income -€3,965
no longer reported in 2025 (was €3,965)
- Receivables within one year +€1,379
up €1,379 (+3283.9%), from €42 to €1,421
- Reserves +€76,822
up €76,822 (+551.4%), from €13,933 to €90,755
- Tax, wage and social debts +€12,378
up €12,378 (+56.0%), from €22,097 to €34,475
of which Taxes: +€19,878
- Gross operating margin +€79,516
up €79,516 (+449.1%), from €17,704 to €97,220
- Taxes +€15,753
up €15,753 (+451.1%), from €3,492 to €19,245
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 | €43,258 | €133,713 | +€90,455 | +209.1% |
| Fixed assets | 21/28 | €620 | €834 | +€214 | +34.4% |
| Tangible fixed assets | 22/27 | €620 | €834 | +€214 | +34.4% |
| Furniture and vehicles | 24 | €620 | €834 | +€214 | +34.4% |
| Current assets | 29/58 | €42,638 | €132,879 | +€90,242 | +211.6% |
| Amounts receivable within one year | 40/41 | €42 | €1,421 | +€1,379 | +3283.9% |
| Trade receivables | 40 | €42 | €1,421 | +€1,379 | +3283.9% |
| Cash at bank and in hand | 54/58 | €38,630 | €131,458 | +€92,828 | +240.3% |
| Deferred charges and accrued income | 490/1 | €3,965 | - | -€3,965 | |
| Total equity and liabilities | 10/49 | €43,258 | €133,713 | +€90,455 | +209.1% |
| Equity | 10/15 | €16,933 | €93,755 | +€76,822 | +453.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €13,933 | €90,755 | +€76,822 | +551.4% |
| Distributable reserves | 133 | €13,933 | €90,755 | +€76,822 | +551.4% |
| Amounts payable | 17/49 | €26,325 | €39,959 | +€13,633 | +51.8% |
| Amounts payable within one year | 42/48 | €26,325 | €39,959 | +€13,633 | +51.8% |
| Trade debts | 44 | €1,273 | €2,465 | +€1,192 | +93.7% |
| Suppliers | 440/4 | €1,273 | €2,465 | +€1,192 | +93.7% |
| Taxes, remuneration and social security | 45 | €22,097 | €34,475 | +€12,378 | +56.0% |
| Taxes | 450/3 | €14,597 | €34,475 | +€19,878 | +136.2% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €2,956 | €3,019 | +€63 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56 | €264 | +€208 | +368.9% |
| Other operating charges | 640/8 | €216 | €860 | +€645 | +298.9% |
| Gross operating margin | 9900 | €17,704 | €97,220 | +€79,516 | +449.1% |
| Operating profit (loss) | 9901 | €17,432 | €96,096 | +€78,663 | +451.3% |
| Financial income | 75/76B | - | €21 | +€21 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Financial charges | 65/66B | €8 | €50 | +€43 | +569.1% |
| Recurring financial charges | 65 | €8 | €50 | +€43 | +569.1% |
| Profit (loss) for the period before taxes | 9903 | €17,425 | €96,067 | +€78,642 | +451.3% |
| Income taxes | 67/77 | €3,492 | €19,245 | +€15,753 | +451.1% |
| Profit (loss) for the period | 9904 | €13,933 | €76,822 | +€62,889 | +451.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,933 | €76,822 | +€62,889 | +451.4% |
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 8 October 2026 via checked.be.