MMT: 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.
MMT
Largest movements
- Stocks and contracts +€7,553
up €7,553 (+58.2%), from €12,971 to €20,524
- Cash +€4,608
up €4,608 (+272.3%), from €1,692 to €6,300
mainly Net result for the year (+€4,930) and Tax, wage and social debts (+€3,611)
- Tangible fixed assets -€2,166
down €2,166 (-28.5%), from €7,602 to €5,437
of which Furniture and vehicles: -€2,050
- Receivables within one year -€734
down €734 (-67.4%), from €1,089 to €355
of which Other amounts receivable: -€722
- Deferred charges and accrued income -€355
no longer reported in 2024 (was €355)
- Profit (loss) carried forward +€4,930
up €4,930, from -€189 to €4,740
- Tax, wage and social debts +€3,611
new in 2024: €3,611
- Trade debts +€1,021
up €1,021 (+1171.9%), from €87 to €1,108
- Other debts -€667
down €667 (-3.4%), from €19,811 to €19,144
- Gross operating margin +€8,341
up €8,341 (+663.9%), from €1,256 to €9,597
- Taxes +€1,185
new in 2024: €1,185
- Financial charges +€1,043
up €1,043 (+380.7%), from €274 to €1,317
- Depreciation +€990
up €990 (+84.2%), from €1,176 to €2,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,709 | €32,616 | +€8,907 | +37.6% |
| Fixed assets | 21/28 | €7,602 | €5,437 | -€2,166 | -28.5% |
| Tangible fixed assets | 22/27 | €7,602 | €5,437 | -€2,166 | -28.5% |
| Plant, machinery and equipment | 23 | €537 | €421 | -€116 | -21.5% |
| Furniture and vehicles | 24 | €7,065 | €5,015 | -€2,050 | -29.0% |
| Current assets | 29/58 | €16,106 | €27,179 | +€11,073 | +68.7% |
| Stocks and contracts in progress | 3 | €12,971 | €20,524 | +€7,553 | +58.2% |
| Stocks | 30/36 | €12,971 | €20,524 | +€7,553 | +58.2% |
| Amounts receivable within one year | 40/41 | €1,089 | €355 | -€734 | -67.4% |
| Trade receivables | 40 | €367 | €355 | -€12 | -3.1% |
| Other amounts receivable | 41 | €722 | - | -€722 | |
| Cash at bank and in hand | 54/58 | €1,692 | €6,300 | +€4,608 | +272.3% |
| Deferred charges and accrued income | 490/1 | €355 | - | -€355 | |
| Total equity and liabilities | 10/49 | €23,709 | €32,616 | +€8,907 | +37.6% |
| Equity | 10/15 | €3,811 | €8,740 | +€4,930 | +129.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189 | €4,740 | +€4,930 | |
| Amounts payable | 17/49 | €19,898 | €23,876 | +€3,978 | +20.0% |
| Amounts payable within one year | 42/48 | €19,898 | €23,863 | +€3,965 | +19.9% |
| Trade debts | 44 | €87 | €1,108 | +€1,021 | +1171.9% |
| Suppliers | 440/4 | €87 | €1,108 | +€1,021 | +1171.9% |
| Taxes, remuneration and social security | 45 | - | €3,611 | +€3,611 | |
| Taxes | 450/3 | - | €3,611 | +€3,611 | |
| Other amounts payable | 47/48 | €19,811 | €19,144 | -€667 | -3.4% |
| Accrued charges and deferred income | 492/3 | - | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,176 | €2,166 | +€990 | +84.2% |
| Gross operating margin | 9900 | €1,256 | €9,597 | +€8,341 | +663.9% |
| Operating profit (loss) | 9901 | €80 | €7,431 | +€7,351 | +9162.6% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €274 | €1,317 | +€1,043 | +380.7% |
| Recurring financial charges | 65 | €274 | €1,317 | +€1,043 | +380.7% |
| Profit (loss) for the period before taxes | 9903 | -€189 | €6,115 | +€6,304 | |
| Income taxes | 67/77 | - | €1,185 | +€1,185 | |
| Profit (loss) for the period | 9904 | -€189 | €4,930 | +€5,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€189 | €4,930 | +€5,119 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.