MMMC: 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.
MMMC
Largest movements
- Cash +€99,639
up €99,639 (+126.8%), from €78,562 to €178,201
mainly Net result for the year (+€140,282) and Current investments (+€83,000)
- Current investments -€83,000
down €83,000 (-35.6%), from €233,000 to €150,000
- Receivables after one year -€4,430
down €4,430 (-12.7%), from €34,748 to €30,318
- Reserves +€17,022
up €17,022 (+4.8%), from €356,384 to €373,406
- Gross operating margin +€16,902
up €16,902 (+10.3%), from €163,721 to €180,623
- Financial income +€6,005
up €6,005 (+504.8%), from €1,190 to €7,195
- Taxes +€4,954
up €4,954 (+12.9%), from €38,480 to €43,433
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 | €386,397 | €405,883 | +€19,486 | +5.0% |
| Fixed assets | 21/28 | €5,496 | €8,819 | +€3,323 | +60.5% |
| Tangible fixed assets | 22/27 | €5,496 | €8,819 | +€3,323 | +60.5% |
| Land and buildings | 22 | €5,496 | €4,244 | -€1,251 | -22.8% |
| Furniture and vehicles | 24 | - | €4,574 | +€4,574 | |
| Current assets | 29/58 | €380,902 | €397,065 | +€16,163 | +4.2% |
| Amounts receivable after more than one year | 29 | €34,748 | €30,318 | -€4,430 | -12.7% |
| Other amounts receivable | 291 | €34,748 | €30,318 | -€4,430 | -12.7% |
| Amounts receivable within one year | 40/41 | €34,592 | €38,546 | +€3,954 | +11.4% |
| Trade receivables | 40 | €28,261 | €33,651 | +€5,390 | +19.1% |
| Other amounts receivable | 41 | €6,330 | €4,894 | -€1,436 | -22.7% |
| Current investments | 50/53 | €233,000 | €150,000 | -€83,000 | -35.6% |
| Cash at bank and in hand | 54/58 | €78,562 | €178,201 | +€99,639 | +126.8% |
| Total equity and liabilities | 10/49 | €386,397 | €405,883 | +€19,486 | +5.0% |
| Equity | 10/15 | €357,884 | €374,906 | +€17,022 | +4.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €356,384 | €373,406 | +€17,022 | +4.8% |
| Distributable reserves | 133 | €356,384 | €373,406 | +€17,022 | +4.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,513 | €30,977 | +€2,464 | +8.6% |
| Amounts payable within one year | 42/48 | €28,513 | €30,311 | +€1,798 | +6.3% |
| Financial debts | 43 | €1,834 | €2,606 | +€773 | +42.1% |
| Credit institutions | 430/8 | €1,834 | €2,606 | +€773 | +42.1% |
| Trade debts | 44 | €2,383 | €580 | -€1,803 | -75.6% |
| Suppliers | 440/4 | €2,383 | €580 | -€1,803 | -75.6% |
| Taxes, remuneration and social security | 45 | €22,704 | €25,719 | +€3,015 | +13.3% |
| Taxes | 450/3 | €22,704 | €25,719 | +€3,015 | +13.3% |
| Other amounts payable | 47/48 | €1,592 | €1,405 | -€187 | -11.8% |
| Accrued charges and deferred income | 492/3 | €0 | €667 | +€667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,251 | €2,224 | +€973 | +77.7% |
| Other operating charges | 640/8 | €974 | €1,293 | +€318 | +32.7% |
| Gross operating margin | 9900 | €163,721 | €180,623 | +€16,902 | +10.3% |
| Operating profit (loss) | 9901 | €161,496 | €177,107 | +€15,611 | +9.7% |
| Financial income | 75/76B | €1,190 | €7,195 | +€6,005 | +504.8% |
| Recurring financial income | 75 | €1,190 | €7,195 | +€6,005 | +504.8% |
| Financial charges | 65/66B | €946 | €587 | -€359 | -37.9% |
| Recurring financial charges | 65 | €946 | €587 | -€359 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €161,740 | €183,715 | +€21,975 | +13.6% |
| Income taxes | 67/77 | €38,480 | €43,433 | +€4,954 | +12.9% |
| Profit (loss) for the period | 9904 | €123,260 | €140,282 | +€17,022 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €123,260 | €140,282 | +€17,022 | +13.8% |
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.