MMN: 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.
MMN
Largest movements
- Receivables within one year +€30,703
up €30,703 (+149.7%), from €20,504 to €51,208
of which Trade receivables: +€30,000
- Cash -€21,639
down €21,639 (-88.7%), from €24,405 to €2,766
mainly Receivables within one year (-€30,703) and Tax, wage and social debts (-€2,490)
- Other debts +€12,995
new in 2025: €12,995
- Tax, wage and social debts -€2,490
down €2,490 (-65.1%), from €3,824 to €1,334
of which Taxes: -€3,824
- Profit (loss) carried forward -€1,341
new in 2025: -€1,341
- Gross operating margin -€57,248
down €57,248 (-86.3%), from €66,341 to €9,093
- Staff costs -€24,175
no longer reported in 2025 (was €24,175)
- Taxes +€4,707
up €4,707 (+123.1%), from €3,824 to €8,530
- Financial charges +€1,444
up €1,444 (+2371.9%), from €61 to €1,505
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 | €44,909 | €53,974 | +€9,065 | +20.2% |
| Current assets | 29/58 | €44,909 | €53,974 | +€9,065 | +20.2% |
| Amounts receivable within one year | 40/41 | €20,504 | €51,208 | +€30,703 | +149.7% |
| Trade receivables | 40 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Other amounts receivable | 41 | €504 | €1,208 | +€703 | +139.5% |
| Cash at bank and in hand | 54/58 | €24,405 | €2,766 | -€21,639 | -88.7% |
| Total equity and liabilities | 10/49 | €44,909 | €53,974 | +€9,065 | +20.2% |
| Equity | 10/15 | €40,235 | €38,894 | -€1,341 | -3.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,235 | €38,235 | = | 0.0% |
| Distributable reserves | 133 | €38,235 | €38,235 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,341 | -€1,341 | |
| Amounts payable | 17/49 | €4,674 | €15,080 | +€10,406 | +222.6% |
| Amounts payable within one year | 42/48 | €4,674 | €15,080 | +€10,406 | +222.6% |
| Trade debts | 44 | €850 | €751 | -€100 | -11.7% |
| Suppliers | 440/4 | €850 | €751 | -€100 | -11.7% |
| Taxes, remuneration and social security | 45 | €3,824 | €1,334 | -€2,490 | -65.1% |
| Taxes | 450/3 | €3,824 | €0 | -€3,824 | -100.0% |
| Remuneration and social security | 454/9 | €0 | €1,334 | +€1,334 | |
| Other amounts payable | 47/48 | - | €12,995 | +€12,995 | |
| Remuneration, social security and pensions | 62 | €24,175 | - | -€24,175 | |
| Other operating charges | 640/8 | €71 | €399 | +€328 | +461.9% |
| Gross operating margin | 9900 | €66,341 | €9,093 | -€57,248 | -86.3% |
| Operating profit (loss) | 9901 | €42,095 | €8,694 | -€33,401 | -79.3% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €61 | €1,505 | +€1,444 | +2371.9% |
| Recurring financial charges | 65 | €61 | €1,505 | +€1,444 | +2371.9% |
| Profit (loss) for the period before taxes | 9903 | €42,059 | €7,189 | -€34,869 | -82.9% |
| Income taxes | 67/77 | €3,824 | €8,530 | +€4,707 | +123.1% |
| Profit (loss) for the period | 9904 | €38,235 | -€1,341 | -€39,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,235 | -€1,341 | -€39,576 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.