MMSX: 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.
MMSX
Largest movements
- Cash +€15,161
up €15,161 (+21.8%), from €69,629 to €84,790
mainly Other debts (+€62,836) and Net result for the year (+€28,085)
- Receivables within one year +€10,550
up €10,550 (+208.4%), from €5,063 to €15,613
of which Trade receivables: +€11,170
- Other debts +€62,836
up €62,836 (+2128.0%), from €2,953 to €65,789
- Reserves -€46,915
down €46,915 (-72.4%), from €64,815 to €17,900
- Tax, wage and social debts +€9,311
up €9,311 (+192.6%), from €4,835 to €14,146
- Trade debts +€1,566
up €1,566 (+180.5%), from €867 to €2,433
- Accrued charges and deferred income -€1,331
down €1,331 (-100.0%), from €1,331 to €0
- Gross operating margin +€5,838
up €5,838 (+17.9%), from €32,568 to €38,406
- Taxes +€1,201
up €1,201 (+17.2%), from €6,980 to €8,181
- Financial charges -€762
down €762 (-76.0%), from €1,003 to €240
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 | €76,801 | €102,268 | +€25,467 | +33.2% |
| Fixed assets | 21/28 | €506 | €35 | -€471 | -93.1% |
| Tangible fixed assets | 22/27 | €506 | €35 | -€471 | -93.1% |
| Furniture and vehicles | 24 | €506 | €35 | -€471 | -93.1% |
| Current assets | 29/58 | €76,296 | €102,233 | +€25,937 | +34.0% |
| Amounts receivable within one year | 40/41 | €5,063 | €15,613 | +€10,550 | +208.4% |
| Trade receivables | 40 | €2,443 | €13,613 | +€11,170 | +457.3% |
| Other amounts receivable | 41 | €2,620 | €2,000 | -€620 | -23.7% |
| Cash at bank and in hand | 54/58 | €69,629 | €84,790 | +€15,161 | +21.8% |
| Deferred charges and accrued income | 490/1 | €1,604 | €1,831 | +€227 | +14.2% |
| Total equity and liabilities | 10/49 | €76,801 | €102,268 | +€25,467 | +33.2% |
| Equity | 10/15 | €66,815 | €19,900 | -€46,915 | -70.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €64,815 | €17,900 | -€46,915 | -72.4% |
| Distributable reserves | 133 | €64,815 | €17,900 | -€46,915 | -72.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,987 | €82,368 | +€72,381 | +724.8% |
| Amounts payable within one year | 42/48 | €8,655 | €82,368 | +€73,712 | +851.6% |
| Trade debts | 44 | €867 | €2,433 | +€1,566 | +180.5% |
| Suppliers | 440/4 | €867 | €2,433 | +€1,566 | +180.5% |
| Taxes, remuneration and social security | 45 | €4,835 | €14,146 | +€9,311 | +192.6% |
| Taxes | 450/3 | €4,835 | €14,146 | +€9,311 | +192.6% |
| Other amounts payable | 47/48 | €2,953 | €65,789 | +€62,836 | +2128.0% |
| Accrued charges and deferred income | 492/3 | €1,331 | €0 | -€1,331 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €471 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,474 | €1,428 | -€46 | -3.1% |
| Gross operating margin | 9900 | €32,568 | €38,406 | +€5,838 | +17.9% |
| Operating profit (loss) | 9901 | €30,623 | €36,507 | +€5,884 | +19.2% |
| Financial income | 75/76B | €243 | €0 | -€243 | -100.0% |
| Recurring financial income | 75 | €243 | €0 | -€243 | -100.0% |
| Financial charges | 65/66B | €1,003 | €240 | -€762 | -76.0% |
| Recurring financial charges | 65 | €1,003 | €240 | -€762 | -76.0% |
| Profit (loss) for the period before taxes | 9903 | €29,863 | €36,266 | +€6,403 | +21.4% |
| Income taxes | 67/77 | €6,980 | €8,181 | +€1,201 | +17.2% |
| Profit (loss) for the period | 9904 | €22,883 | €28,085 | +€5,203 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,883 | €28,085 | +€5,203 | +22.7% |
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 7 October 2026 via checked.be.