MMSB: 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.
MMSB
Largest movements
- Tangible fixed assets -€685
down €685 (-11.1%), from €6,168 to €5,482
- Receivables within one year -€205
down €205 (-20.8%), from €984 to €779
- Profit (loss) carried forward +€5,417
up €5,417 (+38.8%), from -€13,960 to -€8,542
- Other debts -€5,102
down €5,102 (-21.9%), from €23,282 to €18,180
- Trade debts -€1,087
down €1,087 (-47.7%), from €2,278 to €1,191
- Gross operating margin -€1,506
down €1,506 (-19.1%), from €7,887 to €6,381
- Other operating charges -€340
no longer reported in 2025 (was €340)
- Financial charges +€87
up €87 (+45.6%), from €191 to €278
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 | €17,799 | €16,898 | -€901 | -5.1% |
| Fixed assets | 21/28 | €6,168 | €5,482 | -€685 | -11.1% |
| Tangible fixed assets | 22/27 | €6,168 | €5,482 | -€685 | -11.1% |
| Plant, machinery and equipment | 23 | €6,168 | €5,482 | -€685 | -11.1% |
| Current assets | 29/58 | €11,631 | €11,416 | -€215 | -1.9% |
| Stocks and contracts in progress | 3 | €10,483 | €10,483 | = | 0.0% |
| Stocks | 30/36 | €10,483 | €10,483 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €984 | €779 | -€205 | -20.8% |
| Trade receivables | 40 | €984 | €779 | -€205 | -20.8% |
| Cash at bank and in hand | 54/58 | €164 | €154 | -€10 | -6.2% |
| Total equity and liabilities | 10/49 | €17,799 | €16,898 | -€901 | -5.1% |
| Equity | 10/15 | -€7,960 | -€2,542 | +€5,417 | +68.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,960 | -€8,542 | +€5,417 | +38.8% |
| Amounts payable | 17/49 | €25,758 | €19,440 | -€6,318 | -24.5% |
| Amounts payable within one year | 42/48 | €25,758 | €19,440 | -€6,318 | -24.5% |
| Trade debts | 44 | €2,278 | €1,191 | -€1,087 | -47.7% |
| Suppliers | 440/4 | €2,278 | €1,191 | -€1,087 | -47.7% |
| Taxes, remuneration and social security | 45 | €198 | €69 | -€129 | -65.0% |
| Taxes | 450/3 | €198 | €69 | -€129 | -65.0% |
| Other amounts payable | 47/48 | €23,282 | €18,180 | -€5,102 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €685 | = | 0.0% |
| Other operating charges | 640/8 | €340 | - | -€340 | |
| Gross operating margin | 9900 | €7,887 | €6,381 | -€1,506 | -19.1% |
| Operating profit (loss) | 9901 | €6,862 | €5,696 | -€1,166 | -17.0% |
| Financial charges | 65/66B | €191 | €278 | +€87 | +45.6% |
| Recurring financial charges | 65 | €191 | €278 | +€87 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €6,671 | €5,417 | -€1,253 | -18.8% |
| Profit (loss) for the period | 9904 | €6,671 | €5,417 | -€1,253 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,671 | €5,417 | -€1,253 | -18.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.