MMS SHOE: 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.
MMS SHOE
Largest movements
- Stocks and contracts -€25,588
down €25,588 (-29.6%), from €86,375 to €60,787
- Cash -€3,321
down €3,321 (-84.5%), from €3,929 to €608
mainly Net result for the year (-€27,304) and Trade debts (-€2,735)
- Profit (loss) carried forward -€27,304
down €27,304 (-51.3%), from -€53,230 to -€80,533
- Trade debts -€2,735
down €2,735 (-1.9%), from €143,938 to €141,204
- Gross operating margin -€10,886
down €10,886 (-68.6%), from -€15,862 to -€26,748
- Financial charges +€437
up €437 (+266%), from €164 to €601
- Financial income +€332
up €332 (+107%), from €310 to €643
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 | €101,784 | €72,229 | -€29,554 | -29.0% |
| Current assets | 29/58 | €101,784 | €72,229 | -€29,554 | -29.0% |
| Stocks and contracts in progress | 3 | €86,375 | €60,787 | -€25,588 | -29.6% |
| Stocks | 30/36 | €86,375 | €60,787 | -€25,588 | -29.6% |
| Amounts receivable within one year | 40/41 | €11,480 | €10,835 | -€646 | -5.6% |
| Trade receivables | 40 | €1,238 | €2,429 | +€1,191 | +96.1% |
| Other amounts receivable | 41 | €10,242 | €8,406 | -€1,836 | -17.9% |
| Cash at bank and in hand | 54/58 | €3,929 | €608 | -€3,321 | -84.5% |
| Total equity and liabilities | 10/49 | €101,784 | €72,229 | -€29,554 | -29.0% |
| Equity | 10/15 | -€46,730 | -€74,033 | -€27,304 | -58.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Share premium | 1100/10 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,230 | -€80,533 | -€27,304 | -51.3% |
| Amounts payable | 17/49 | €148,513 | €146,263 | -€2,251 | -1.5% |
| Amounts payable within one year | 42/48 | €148,513 | €146,263 | -€2,251 | -1.5% |
| Trade debts | 44 | €143,938 | €141,204 | -€2,735 | -1.9% |
| Suppliers | 440/4 | €143,938 | €141,204 | -€2,735 | -1.9% |
| Taxes, remuneration and social security | 45 | €4,575 | €5,059 | +€484 | +10.6% |
| Taxes | 450/3 | €4,575 | €5,059 | +€484 | +10.6% |
| Other operating charges | 640/8 | €579 | €597 | +€18 | +3.2% |
| Gross operating margin | 9900 | -€15,862 | -€26,748 | -€10,886 | -68.6% |
| Operating profit (loss) | 9901 | -€16,441 | -€27,345 | -€10,905 | -66.3% |
| Financial income | 75/76B | €310 | €643 | +€332 | +107% |
| Recurring financial income | 75 | €310 | €643 | +€332 | +107% |
| Financial charges | 65/66B | €164 | €601 | +€437 | +266% |
| Recurring financial charges | 65 | €164 | €601 | +€437 | +266% |
| Profit (loss) for the period before taxes | 9903 | -€16,294 | -€27,304 | -€11,009 | -67.6% |
| Profit (loss) for the period | 9904 | -€16,294 | -€27,304 | -€11,009 | -67.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,294 | -€27,304 | -€11,009 | -67.6% |
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 15 October 2026 via checked.be.