MMTBUILD: 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.
MMTBUILD
Largest movements
- Receivables within one year -€28,459
down €28,459 (-27.9%), from €102,002 to €73,543
of which Other amounts receivable: -€14,476
- Stocks and contracts -€4,351
down €4,351 (-85.3%), from €5,103 to €752
- Financial fixed assets +€3,000
new in 2025: €3,000
- Tangible fixed assets +€2,086
up €2,086 (+30.3%), from €6,890 to €8,975
- Tax, wage and social debts -€61,975
down €61,975 (-73.3%), from €84,570 to €22,595
of which Remuneration and social security: -€63,958
- Profit (loss) carried forward +€26,335
up €26,335 (+94.6%), from -€27,849 to -€1,514
- Other debts +€7,135
new in 2025: €7,135
- Staff costs -€48,827
down €48,827 (-32.1%), from €151,983 to €103,156
- Gross operating margin +€14,965
up €14,965 (+10.7%), from €140,217 to €155,181
- Taxes +€7,315
up €7,315 (+1793.6%), from €408 to €7,723
- Other operating charges +€2,573
up €2,573 (+147.8%), from €1,740 to €4,313
- Depreciation -€1,866
down €1,866 (-19.2%), from €9,698 to €7,832
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 | €118,612 | €90,763 | -€27,849 | -23.5% |
| Fixed assets | 21/28 | €6,890 | €11,975 | +€5,086 | +73.8% |
| Tangible fixed assets | 22/27 | €6,890 | €8,975 | +€2,086 | +30.3% |
| Furniture and vehicles | 24 | €6,890 | €8,975 | +€2,086 | +30.3% |
| Financial fixed assets | 28 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €111,722 | €78,788 | -€32,934 | -29.5% |
| Stocks and contracts in progress | 3 | €5,103 | €752 | -€4,351 | -85.3% |
| Stocks | 30/36 | €5,103 | €752 | -€4,351 | -85.3% |
| Amounts receivable within one year | 40/41 | €102,002 | €73,543 | -€28,459 | -27.9% |
| Trade receivables | 40 | €78,265 | €64,283 | -€13,983 | -17.9% |
| Other amounts receivable | 41 | €23,736 | €9,260 | -€14,476 | -61.0% |
| Cash at bank and in hand | 54/58 | €3,226 | €2,814 | -€412 | -12.8% |
| Deferred charges and accrued income | 490/1 | €1,392 | €1,679 | +€288 | +20.7% |
| Total equity and liabilities | 10/49 | €118,612 | €90,763 | -€27,849 | -23.5% |
| Equity | 10/15 | €10,856 | €37,191 | +€26,335 | +242.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €30,705 | €30,705 | = | 0.0% |
| Distributable reserves | 133 | €30,705 | €30,705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,849 | -€1,514 | +€26,335 | +94.6% |
| Amounts payable | 17/49 | €107,756 | €53,572 | -€54,184 | -50.3% |
| Amounts payable within one year | 42/48 | €107,756 | €53,572 | -€54,184 | -50.3% |
| Trade debts | 44 | €23,187 | €23,843 | +€656 | +2.8% |
| Suppliers | 440/4 | €23,187 | €23,843 | +€656 | +2.8% |
| Taxes, remuneration and social security | 45 | €84,570 | €22,595 | -€61,975 | -73.3% |
| Taxes | 450/3 | €11,042 | €13,025 | +€1,983 | +18.0% |
| Remuneration and social security | 454/9 | €73,528 | €9,570 | -€63,958 | -87.0% |
| Other amounts payable | 47/48 | - | €7,135 | +€7,135 | |
| Non-recurring operating income | 76A | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €151,983 | €103,156 | -€48,827 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,698 | €7,832 | -€1,866 | -19.2% |
| Other operating charges | 640/8 | €1,740 | €4,313 | +€2,573 | +147.8% |
| Gross operating margin | 9900 | €140,217 | €155,181 | +€14,965 | +10.7% |
| Operating profit (loss) | 9901 | -€23,204 | €39,880 | +€63,085 | |
| Financial income | 75/76B | €450 | €434 | -€16 | -3.5% |
| Recurring financial income | 75 | €450 | €434 | -€16 | -3.5% |
| Financial charges | 65/66B | €4,686 | €6,256 | +€1,569 | +33.5% |
| Recurring financial charges | 65 | €4,686 | €6,256 | +€1,569 | +33.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,441 | €34,059 | +€61,500 | |
| Income taxes | 67/77 | €408 | €7,723 | +€7,315 | +1793.6% |
| Profit (loss) for the period | 9904 | -€27,849 | €26,335 | +€54,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,849 | €26,335 | +€54,184 |
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 12 October 2026 via checked.be.