MMMM HOLDING: 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.
MMMM HOLDING
Largest movements
- Cash +€55,401
up €55,401 (+123,141%), from €45 to €55,446
mainly Other debts (+€266,750) and Tax, wage and social debts (+€36,335)
- Receivables within one year +€41,715
up €41,715 (+5.1%), from €824,747 to €866,462
of which Other amounts receivable: +€30,741
- Deferred charges and accrued income +€35,655
up €35,655 (+996%), from €3,578 to €39,233
- Other debts +€266,750
up €266,750 (+140%), from €189,883 to €456,633
- Accrued charges and deferred income -€197,115
down €197,115 (-89.6%), from €220,002 to €22,887
- Tax, wage and social debts +€36,335
up €36,335 (+290%), from €12,515 to €48,850
- Reserves +€33,500
up €33,500 (+2.6%), from €1.3m to €1.3m
of which Distributable reserves: +€33,500
- Gross operating margin +€74,754
up €74,754, from -€3,884 to €70,870
- Financial charges +€48,059
up €48,059 (+9,611,832%), from €1 to €48,060
- Financial income +€37,401
new in 2025: €37,401
- Provisions +€30,000
no longer reported in 2025 (was -€30,000)
- Taxes +€12,109
up €12,109 (+176%), from €6,892 to €19,001
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.
Derived cash bridge
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 | €2,325,847 | €2,452,008 | +€126,161 | +5.4% |
| Fixed assets | 21/28 | €1,497,477 | €1,490,867 | -€6,610 | -0.4% |
| Tangible fixed assets | 22/27 | €12,094 | €5,483 | -€6,610 | -54.7% |
| Plant, machinery and equipment | 23 | €9,694 | €3,683 | -€6,010 | -62.0% |
| Other tangible fixed assets | 26 | €2,400 | €1,800 | -€600 | -25.0% |
| Financial fixed assets | 28 | €1,485,384 | €1,485,384 | = | 0.0% |
| Current assets | 29/58 | €828,370 | €961,141 | +€132,771 | +16.0% |
| Amounts receivable within one year | 40/41 | €824,747 | €866,462 | +€41,715 | +5.1% |
| Trade receivables | 40 | €7,603 | €18,577 | +€10,974 | +144% |
| Other amounts receivable | 41 | €817,144 | €847,885 | +€30,741 | +3.8% |
| Cash at bank and in hand | 54/58 | €45 | €55,446 | +€55,401 | +123,141% |
| Deferred charges and accrued income | 490/1 | €3,578 | €39,233 | +€35,655 | +996% |
| Total equity and liabilities | 10/49 | €2,325,847 | €2,452,008 | +€126,161 | +5.4% |
| Equity | 10/15 | €1,886,891 | €1,920,493 | +€33,602 | +1.8% |
| Contributions | 10/11 | €614,000 | €614,000 | = | 0.0% |
| Capital | 10 | €614,000 | €614,000 | = | 0.0% |
| Issued capital | 100 | €614,000 | €614,000 | = | 0.0% |
| Reserves | 13 | €1,267,000 | €1,300,500 | +€33,500 | +2.6% |
| Non-distributable reserves | 130/1 | €61,400 | €61,400 | = | 0.0% |
| Legal reserve | 130 | €61,400 | €61,400 | = | 0.0% |
| Distributable reserves | 133 | €1,205,600 | €1,239,100 | +€33,500 | +2.8% |
| Profit (loss) carried forward | 14 | €5,891 | €5,993 | +€102 | +1.7% |
| Amounts payable | 17/49 | €438,956 | €531,515 | +€92,559 | +21.1% |
| Amounts payable within one year | 42/48 | €218,954 | €508,629 | +€289,674 | +132% |
| Trade debts | 44 | €16,556 | €3,145 | -€13,411 | -81.0% |
| Suppliers | 440/4 | €16,556 | €3,145 | -€13,411 | -81.0% |
| Taxes, remuneration and social security | 45 | €12,515 | €48,850 | +€36,335 | +290% |
| Taxes | 450/3 | €12,515 | €48,850 | +€36,335 | +290% |
| Other amounts payable | 47/48 | €189,883 | €456,633 | +€266,750 | +140% |
| Accrued charges and deferred income | 492/3 | €220,002 | €22,887 | -€197,115 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,786 | €6,610 | -€1,176 | -15.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€30,000 | - | +€30,000 | |
| Other operating charges | 640/8 | €1,932 | €998 | -€933 | -48.3% |
| Gross operating margin | 9900 | -€3,884 | €70,870 | +€74,754 | |
| Operating profit (loss) | 9901 | €16,398 | €63,262 | +€46,863 | +286% |
| Financial income | 75/76B | - | €37,401 | +€37,401 | |
| Recurring financial income | 75 | - | €37,401 | +€37,401 | |
| Financial charges | 65/66B | €1 | €48,060 | +€48,059 | +9,611,832% |
| Recurring financial charges | 65 | €1 | €48,060 | +€48,059 | +9,611,832% |
| Profit (loss) for the period before taxes | 9903 | €16,398 | €52,603 | +€36,205 | +221% |
| Income taxes | 67/77 | €6,892 | €19,001 | +€12,109 | +176% |
| Profit (loss) for the period | 9904 | €9,506 | €33,602 | +€24,096 | +253% |
| Profit (loss) for the period to be appropriated | 9905 | €9,506 | €33,602 | +€24,096 | +253% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.