MMM ARROBAS: 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 ARROBAS
Largest movements
- Tangible fixed assets -€21,251
down €21,251 (-5.4%), from €391,436 to €370,185
of which Land and buildings: -€21,251
- Debts after one year -€33,324
down €33,324 (-14.7%), from €225,988 to €192,664
of which Financial debts: -€33,324
- Other debts +€14,300
up €14,300 (+25.3%), from €56,460 to €70,760
- Tax, wage and social debts +€6,307
up €6,307 (+110.8%), from €5,694 to €12,000
- Profit (loss) carried forward -€5,412
down €5,412 (-3.5%), from -€154,468 to -€159,880
- Depreciation -€5,067
down €5,067 (-10.9%), from €46,456 to €41,389
- Gross operating margin -€4,295
down €4,295 (-7.7%), from €56,066 to €51,771
- Financial charges +€1,378
up €1,378 (+22.8%), from €6,058 to €7,437
- Taxes +€613
up €613 (+10.8%), from €5,694 to €6,307
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 | €416,231 | €393,567 | -€22,664 | -5.4% |
| Fixed assets | 21/28 | €391,436 | €370,185 | -€21,251 | -5.4% |
| Tangible fixed assets | 22/27 | €391,436 | €370,185 | -€21,251 | -5.4% |
| Land and buildings | 22 | €391,436 | €370,185 | -€21,251 | -5.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €24,795 | €23,382 | -€1,413 | -5.7% |
| Amounts receivable within one year | 40/41 | €16,217 | €18,467 | +€2,249 | +13.9% |
| Trade receivables | 40 | €16,217 | €18,467 | +€2,249 | +13.9% |
| Cash at bank and in hand | 54/58 | €8,578 | €4,915 | -€3,662 | -42.7% |
| Total equity and liabilities | 10/49 | €416,231 | €393,567 | -€22,664 | -5.4% |
| Equity | 10/15 | €43,767 | €35,540 | -€8,227 | -18.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,610 | €823 | -€787 | -48.9% |
| Reserves | 13 | €96,624 | €94,597 | -€2,027 | -2.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €84,511 | €81,696 | -€2,815 | -3.3% |
| Distributable reserves | 133 | €2,113 | €2,901 | +€787 | +37.2% |
| Profit (loss) carried forward | 14 | -€154,468 | -€159,880 | -€5,412 | -3.5% |
| Provisions and deferred taxes | 16 | €43,517 | €42,067 | -€1,449 | -3.3% |
| Deferred taxes | 168 | €43,517 | €42,067 | -€1,449 | -3.3% |
| Amounts payable | 17/49 | €328,948 | €315,960 | -€12,988 | -3.9% |
| Amounts payable after more than one year | 17 | €225,988 | €192,664 | -€33,324 | -14.7% |
| Financial debts | 170/4 | €125,988 | €92,664 | -€33,324 | -26.5% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €98,540 | €120,650 | +€22,110 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €33,198 | €33,324 | +€126 | +0.4% |
| Trade debts | 44 | €3,188 | €4,566 | +€1,378 | +43.2% |
| Suppliers | 440/4 | €3,188 | €4,566 | +€1,378 | +43.2% |
| Taxes, remuneration and social security | 45 | €5,694 | €12,000 | +€6,307 | +110.8% |
| Taxes | 450/3 | €5,694 | €12,000 | +€6,307 | +110.8% |
| Other amounts payable | 47/48 | €56,460 | €70,760 | +€14,300 | +25.3% |
| Accrued charges and deferred income | 492/3 | €4,420 | €2,646 | -€1,774 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,456 | €41,389 | -€5,067 | -10.9% |
| Other operating charges | 640/8 | €6,123 | €6,315 | +€192 | +3.1% |
| Gross operating margin | 9900 | €56,066 | €51,771 | -€4,295 | -7.7% |
| Operating profit (loss) | 9901 | €3,487 | €4,067 | +€580 | +16.6% |
| Financial charges | 65/66B | €6,058 | €7,437 | +€1,378 | +22.8% |
| Recurring financial charges | 65 | €6,058 | €7,437 | +€1,378 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,571 | -€3,369 | -€798 | -31.0% |
| Transfer from deferred taxes | 780 | €1,449 | €1,449 | = | 0.0% |
| Income taxes | 67/77 | €5,694 | €6,307 | +€613 | +10.8% |
| Profit (loss) for the period | 9904 | -€6,815 | -€8,227 | -€1,411 | -20.7% |
| Transfer from tax-exempt reserves | 789 | €2,815 | €2,815 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,001 | -€5,412 | -€1,411 | -35.3% |
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 3 October 2026 via checked.be.