MMR: 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.
What changed
MMR
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.4m-€211,372
Equity
€10.2m
2024 · €9.0m+€1.2m
Cash
€178,586
2024 · €97,742+€80,844
Balance sheet total
€10.3m
2024 · €9.2m+€1.1m
Largest movements
Assets
- Current investments +€1.0m
up €1.0m (+178.3%), from €575,000 to €1.6m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+16.2%), from €7.5m to €8.7m
- Other debts -€201,355
down €201,355 (-95.3%), from €211,281 to €9,926
Income statement
- Turnover +€342,539
up €342,539 (+39.2%), from €874,825 to €1.2m
- Staff costs +€263,428
up €263,428 (+218.5%), from €120,567 to €383,995
- Financial income -€202,388
down €202,388 (-16.5%), from €1.2m to €1.0m
- Depreciation +€38,453
up €38,453 (+352.8%), from €10,898 to €49,351
- Services and other goods +€21,208
up €21,208 (+4.4%), from €481,315 to €502,523
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.
Result 2024
€1.4m
Turnover
+€342,539
Other operating income
+€3,954
Services and other goods
-€21,208
Staff costs
-€263,428
Depreciation
-€38,453
Other operating charges
-€262
Other operating items
-€40,146
Financial income
-€202,388
Financial charges
+€1,034
Taxes
+€6,986
Result 2025
€1.2m
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.
From operations
+€1.1m
Investment
-€1.1m
Financing
€0
Cash 2024
€97,742
From operations (derived)
+€1.1m
Net result for the year
+€1.2m
Depreciation
+€49,351
Receivables within one year
+€28,358
Deferred charges and accrued income
-€3,550
Trade debts
+€36,143
Tax, wage and social debts
+€22,091
Other debts
-€201,355
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€43,581
Current investments
-€1.0m
Cash 2025
€178,586
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,243,223 | €10,318,489 | +€1.1m | +11.6% |
| Fixed assets | 21/28 | €8,309,137 | €8,303,367 | -€5,770 | -0.1% |
| Tangible fixed assets | 22/27 | €225,284 | €219,514 | -€5,770 | -2.6% |
| Plant, machinery and equipment | 23 | €20,835 | €46,189 | +€25,354 | +121.7% |
| Furniture and vehicles | 24 | €204,449 | €173,325 | -€31,124 | -15.2% |
| Financial fixed assets | 28 | €8,083,853 | €8,083,853 | = | 0.0% |
| Affiliated companies | 280/1 | €8,083,853 | €8,083,853 | = | 0.0% |
| Participating interests | 280 | €8,083,853 | €8,083,853 | = | 0.0% |
| Current assets | 29/58 | €934,086 | €2,015,122 | +€1.1m | +115.7% |
| Amounts receivable within one year | 40/41 | €250,170 | €221,812 | -€28,358 | -11.3% |
| Trade receivables | 40 | €232,050 | €220,129 | -€11,921 | -5.1% |
| Other amounts receivable | 41 | €18,120 | €1,683 | -€16,437 | -90.7% |
| Current investments | 50/53 | €575,000 | €1,600,000 | +€1.0m | +178.3% |
| Other investments | 51/53 | €575,000 | €1,600,000 | +€1.0m | +178.3% |
| Cash at bank and in hand | 54/58 | €97,742 | €178,586 | +€80,844 | +82.7% |
| Deferred charges and accrued income | 490/1 | €11,174 | €14,724 | +€3,550 | +31.8% |
| Total equity and liabilities | 10/49 | €9,243,223 | €10,318,489 | +€1.1m | +11.6% |
| Equity | 10/15 | €8,955,678 | €10,174,065 | +€1.2m | +13.6% |
| Contributions | 10/11 | €1,055,183 | €1,055,183 | = | 0.0% |
| Reserves | 13 | €400,000 | €400,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,500,495 | €8,718,882 | +€1.2m | +16.2% |
| Amounts payable | 17/49 | €287,545 | €144,424 | -€143,121 | -49.8% |
| Amounts payable within one year | 42/48 | €287,545 | €144,424 | -€143,121 | -49.8% |
| Trade debts | 44 | €38,238 | €74,381 | +€36,143 | +94.5% |
| Suppliers | 440/4 | €38,238 | €74,381 | +€36,143 | +94.5% |
| Taxes, remuneration and social security | 45 | €38,026 | €60,117 | +€22,091 | +58.1% |
| Taxes | 450/3 | €21,327 | €13,559 | -€7,768 | -36.4% |
| Remuneration and social security | 454/9 | €16,699 | €46,558 | +€29,859 | +178.8% |
| Other amounts payable | 47/48 | €211,281 | €9,926 | -€201,355 | -95.3% |
| Operating income | 70/76A | €919,469 | €1,225,816 | +€306,347 | +33.3% |
| Turnover | 70 | €874,825 | €1,217,364 | +€342,539 | +39.2% |
| Other operating income | 74 | €4,498 | €8,452 | +€3,954 | +87.9% |
| Non-recurring operating income | 76A | €40,146 | - | -€40,146 | |
| Operating charges | 60/66A | €616,524 | €939,875 | +€323,351 | +52.4% |
| Services and other goods | 61 | €481,315 | €502,523 | +€21,208 | +4.4% |
| Remuneration, social security and pensions | 62 | €120,567 | €383,995 | +€263,428 | +218.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,898 | €49,351 | +€38,453 | +352.8% |
| Other operating charges | 640/8 | €3,744 | €4,006 | +€262 | +7.0% |
| Operating profit (loss) | 9901 | €302,945 | €285,941 | -€17,004 | -5.6% |
| Financial income | 75/76B | €1,227,908 | €1,025,520 | -€202,388 | -16.5% |
| Recurring financial income | 75 | €1,227,908 | €1,025,520 | -€202,388 | -16.5% |
| Income from financial fixed assets | 750 | €1,200,000 | €1,000,000 | -€200,000 | -16.7% |
| Income from current assets | 751 | €27,908 | €25,520 | -€2,388 | -8.6% |
| Financial charges | 65/66B | €17,883 | €16,849 | -€1,034 | -5.8% |
| Recurring financial charges | 65 | €17,883 | €16,849 | -€1,034 | -5.8% |
| Debt charges | 650 | €16,115 | €14,233 | -€1,882 | -11.7% |
| Other financial charges | 652/9 | €1,768 | €2,616 | +€848 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,512,970 | €1,294,612 | -€218,358 | -14.4% |
| Income taxes | 67/77 | €83,211 | €76,225 | -€6,986 | -8.4% |
| Taxes | 670/3 | €83,738 | €77,156 | -€6,582 | -7.9% |
| Tax adjustments and reversals of tax provisions | 77 | €527 | €931 | +€404 | +76.7% |
| Profit (loss) for the period | 9904 | €1,429,759 | €1,218,387 | -€211,372 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,429,759 | €1,218,387 | -€211,372 | -14.8% |
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 10 October 2026 via checked.be.