MMTM: 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.
MMTM
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€61,344
up €61,344 (+547%), from €11,210 to €72,555
mainly Current investments (+€250,000) and Investment in fixed assets (net) (+€46,579)
- Tangible fixed assets -€57,772
down €57,772 (-48.0%), from €120,452 to €62,680
of which Furniture and vehicles: -€57,046
- Receivables within one year +€57,378
up €57,378 (+93.2%), from €61,580 to €118,958
of which Other amounts receivable: +€37,120
- Deferred charges and accrued income -€8,796
down €8,796 (-22.9%), from €38,380 to €29,584
- Reserves -€253,110
down €253,110 (-54.2%), from €467,343 to €214,234
- Profit (loss) carried forward +€37,947
up €37,947 (+77.7%), from -€48,864 to -€10,917
- Tax, wage and social debts +€11,139
up €11,139 (+43.4%), from €25,642 to €36,781
of which Taxes: +€24,639
- Trade debts +€6,179
up €6,179 (+32.7%), from €18,900 to €25,079
- Gross operating margin +€57,086
up €57,086 (+297%), from €19,215 to €76,301
- Other operating charges +€23,520
up €23,520 (+642%), from €3,663 to €27,183
- Taxes +€8,753
up €8,753 (+843%), from €1,039 to €9,792
- Depreciation -€7,229
down €7,229 (-39.2%), from €18,422 to €11,193
- Financial income +€3,536
up €3,536 (+249%), from €1,420 to €4,957
of which Financial income: +€3,536
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 | €481,621 | €283,776 | -€197,845 | -41.1% |
| Fixed assets | 21/28 | €120,452 | €62,680 | -€57,772 | -48.0% |
| Tangible fixed assets | 22/27 | €120,452 | €62,680 | -€57,772 | -48.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €7,121 | €6,396 | -€726 | -10.2% |
| Furniture and vehicles | 24 | €113,330 | €56,284 | -€57,046 | -50.3% |
| Current assets | 29/58 | €361,170 | €221,096 | -€140,073 | -38.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €61,580 | €118,958 | +€57,378 | +93.2% |
| Trade receivables | 40 | €25,003 | €45,261 | +€20,258 | +81.0% |
| Other amounts receivable | 41 | €36,577 | €73,697 | +€37,120 | +101% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €11,210 | €72,555 | +€61,344 | +547% |
| Deferred charges and accrued income | 490/1 | €38,380 | €29,584 | -€8,796 | -22.9% |
| Total equity and liabilities | 10/49 | €481,621 | €283,776 | -€197,845 | -41.1% |
| Equity | 10/15 | €437,080 | €221,917 | -€215,163 | -49.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €467,343 | €214,234 | -€253,110 | -54.2% |
| Distributable reserves | 133 | €467,343 | €214,234 | -€253,110 | -54.2% |
| Profit (loss) carried forward | 14 | -€48,864 | -€10,917 | +€37,947 | +77.7% |
| Amounts payable | 17/49 | €44,542 | €61,859 | +€17,318 | +38.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €44,542 | €61,859 | +€17,318 | +38.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,900 | €25,079 | +€6,179 | +32.7% |
| Suppliers | 440/4 | €18,900 | €25,079 | +€6,179 | +32.7% |
| Taxes, remuneration and social security | 45 | €25,642 | €36,781 | +€11,139 | +43.4% |
| Taxes | 450/3 | €12,142 | €36,781 | +€24,639 | +203% |
| Remuneration and social security | 454/9 | €13,500 | €0 | -€13,500 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €30,610 | +€30,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,422 | €11,193 | -€7,229 | -39.2% |
| Other operating charges | 640/8 | €3,663 | €27,183 | +€23,520 | +642% |
| Non-recurring operating charges | 66A | €45,412 | €0 | -€45,412 | -100% |
| Gross operating margin | 9900 | €19,215 | €76,301 | +€57,086 | +297% |
| Operating profit (loss) | 9901 | -€48,282 | €37,925 | +€86,207 | |
| Financial income | 75/76B | €1,420 | €4,957 | +€3,536 | +249% |
| Recurring financial income | 75 | €1,420 | €4,957 | +€3,536 | +249% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €963 | €4,282 | +€3,319 | +345% |
| Recurring financial charges | 65 | €963 | €4,282 | +€3,319 | +345% |
| Profit (loss) for the period before taxes | 9903 | -€47,825 | €38,599 | +€86,424 | |
| Income taxes | 67/77 | €1,039 | €9,792 | +€8,753 | +843% |
| Profit (loss) for the period | 9904 | -€48,864 | €28,807 | +€77,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€48,864 | €28,807 | +€77,671 |
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 19 October 2026 via checked.be.