MMRB: 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.
MMRB
Largest movements
- Tangible fixed assets +€24,496
up €24,496 (+2.3%), from €1.1m to €1.1m
of which Land and buildings: +€26,462
- Debts after one year +€75,420
up €75,420 (+6.8%), from €1.1m to €1.2m
of which Other amounts payable: +€99,606
- Trade debts -€50,235
down €50,235 (-85.7%), from €58,610 to €8,375
- Profit (loss) carried forward -€15,103
down €15,103 (-12.5%), from -€120,918 to -€136,021
- Gross operating margin +€61,392
up €61,392, from -€9,058 to €52,334
- Depreciation -€41,794
down €41,794 (-52.5%), from €79,581 to €37,787
- Financial charges -€3,039
down €3,039 (-10.4%), from €29,282 to €26,244
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 | €1,098,124 | €1,121,512 | +€23,388 | +2.1% |
| Fixed assets | 21/28 | €1,071,731 | €1,096,227 | +€24,496 | +2.3% |
| Tangible fixed assets | 22/27 | €1,071,731 | €1,096,227 | +€24,496 | +2.3% |
| Land and buildings | 22 | €1,032,823 | €1,059,285 | +€26,462 | +2.6% |
| Plant, machinery and equipment | 23 | €38,908 | €36,942 | -€1,966 | -5.1% |
| Current assets | 29/58 | €26,393 | €25,285 | -€1,108 | -4.2% |
| Amounts receivable within one year | 40/41 | €18,473 | €16,505 | -€1,968 | -10.7% |
| Trade receivables | 40 | €6,955 | €6,942 | -€13 | -0.2% |
| Other amounts receivable | 41 | €11,518 | €9,563 | -€1,955 | -17.0% |
| Cash at bank and in hand | 54/58 | €4,532 | €5,392 | +€860 | +19.0% |
| Deferred charges and accrued income | 490/1 | €3,388 | €3,388 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,098,124 | €1,121,512 | +€23,388 | +2.1% |
| Equity | 10/15 | -€90,918 | -€106,021 | -€15,103 | -16.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,918 | -€136,021 | -€15,103 | -12.5% |
| Amounts payable | 17/49 | €1,189,042 | €1,227,533 | +€38,490 | +3.2% |
| Amounts payable after more than one year | 17 | €1,107,283 | €1,182,703 | +€75,420 | +6.8% |
| Financial debts | 170/4 | €579,764 | €555,578 | -€24,186 | -4.2% |
| Other amounts payable | 178/9 | €527,520 | €627,125 | +€99,606 | +18.9% |
| Amounts payable within one year | 42/48 | €81,759 | €43,461 | -€38,298 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €23,149 | €24,186 | +€1,037 | +4.5% |
| Trade debts | 44 | €58,610 | €8,375 | -€50,235 | -85.7% |
| Suppliers | 440/4 | €58,610 | €8,375 | -€50,235 | -85.7% |
| Taxes, remuneration and social security | 45 | - | €100 | +€100 | |
| Taxes | 450/3 | - | €100 | +€100 | |
| Other amounts payable | 47/48 | - | €10,800 | +€10,800 | |
| Accrued charges and deferred income | 492/3 | - | €1,369 | +€1,369 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,581 | €37,787 | -€41,794 | -52.5% |
| Other operating charges | 640/8 | €2,997 | €3,406 | +€409 | +13.6% |
| Gross operating margin | 9900 | -€9,058 | €52,334 | +€61,392 | |
| Operating profit (loss) | 9901 | -€91,636 | €11,141 | +€102,777 | |
| Financial charges | 65/66B | €29,282 | €26,244 | -€3,039 | -10.4% |
| Recurring financial charges | 65 | €29,282 | €26,244 | -€3,039 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | -€120,918 | -€15,103 | +€105,816 | +87.5% |
| Profit (loss) for the period | 9904 | -€120,918 | -€15,103 | +€105,816 | +87.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,918 | -€15,103 | +€105,816 | +87.5% |
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 30 September 2026 via checked.be.