MMTSS: 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.
MMTSS
Largest movements
- Receivables within one year -€108,879
down €108,879 (-74.6%), from €145,992 to €37,113
of which Other amounts receivable: -€72,188
- Cash +€14,991
up €14,991 (+979%), from €1,531 to €16,522
mainly Receivables within one year (+€108,879) and Net result for the year (+€43,662)
- Intangible fixed assets -€13,249
down €13,249 (-60.4%), from €21,934 to €8,686
- Tangible fixed assets +€9,369
up €9,369 (+97.2%), from €9,639 to €19,007
- Other debts -€109,496
down €109,496 (-70.0%), from €156,384 to €46,889
- Profit (loss) carried forward +€37,957
up €37,957 (+57.7%), from -€65,826 to -€27,869
- Debts after one year -€14,454
down €14,454 (-89.1%), from €16,217 to €1,763
- Trade debts -€5,644
down €5,644 (-26.3%), from €21,482 to €15,838
- Tax, wage and social debts -€3,384
down €3,384 (-31.5%), from €10,732 to €7,348
- Gross operating margin -€44,511
down €44,511 (-44.2%), from €100,715 to €56,203
- Write-downs -€3,369
down €3,369 (-100%), from €3,369 to €0
- Depreciation +€2,884
up €2,884 (+44.6%), from €6,469 to €9,353
- Other operating charges -€2,083
down €2,083 (-50.6%), from €4,117 to €2,034
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 | €184,726 | €86,460 | -€98,266 | -53.2% |
| Fixed assets | 21/28 | €32,923 | €29,043 | -€3,880 | -11.8% |
| Intangible fixed assets | 21 | €21,934 | €8,686 | -€13,249 | -60.4% |
| Tangible fixed assets | 22/27 | €9,639 | €19,007 | +€9,369 | +97.2% |
| Furniture and vehicles | 24 | €9,639 | €19,007 | +€9,369 | +97.2% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €151,802 | €57,417 | -€94,386 | -62.2% |
| Stocks and contracts in progress | 3 | €3,369 | €2,220 | -€1,149 | -34.1% |
| Stocks | 30/36 | €3,369 | €2,220 | -€1,149 | -34.1% |
| Amounts receivable within one year | 40/41 | €145,992 | €37,113 | -€108,879 | -74.6% |
| Trade receivables | 40 | €72,428 | €35,737 | -€36,691 | -50.7% |
| Other amounts receivable | 41 | €73,565 | €1,377 | -€72,188 | -98.1% |
| Cash at bank and in hand | 54/58 | €1,531 | €16,522 | +€14,991 | +979% |
| Deferred charges and accrued income | 490/1 | €911 | €1,561 | +€651 | +71.4% |
| Total equity and liabilities | 10/49 | €184,726 | €86,460 | -€98,266 | -53.2% |
| Equity | 10/15 | -€25,789 | €12,168 | +€37,957 | |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Reserves | 13 | €1,437 | €1,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,437 | €1,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,437 | €1,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,826 | -€27,869 | +€37,957 | +57.7% |
| Amounts payable | 17/49 | €210,514 | €74,292 | -€136,222 | -64.7% |
| Amounts payable after more than one year | 17 | €16,217 | €1,763 | -€14,454 | -89.1% |
| Financial debts | 170/4 | €16,217 | €1,763 | -€14,454 | -89.1% |
| Amounts payable within one year | 42/48 | €193,097 | €72,528 | -€120,569 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €4,499 | €2,454 | -€2,045 | -45.5% |
| Trade debts | 44 | €21,482 | €15,838 | -€5,644 | -26.3% |
| Suppliers | 440/4 | €21,482 | €15,838 | -€5,644 | -26.3% |
| Taxes, remuneration and social security | 45 | €10,732 | €7,348 | -€3,384 | -31.5% |
| Taxes | 450/3 | €10,732 | €7,348 | -€3,384 | -31.5% |
| Other amounts payable | 47/48 | €156,384 | €46,889 | -€109,496 | -70.0% |
| Accrued charges and deferred income | 492/3 | €1,200 | €0 | -€1,200 | -100% |
| Remuneration, social security and pensions | 62 | €80 | €688 | +€608 | +759% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,469 | €9,353 | +€2,884 | +44.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,369 | €0 | -€3,369 | -100% |
| Other operating charges | 640/8 | €4,117 | €2,034 | -€2,083 | -50.6% |
| Gross operating margin | 9900 | €100,715 | €56,203 | -€44,511 | -44.2% |
| Operating profit (loss) | 9901 | €86,680 | €44,128 | -€42,552 | -49.1% |
| Financial income | 75/76B | €0 | €306 | +€306 | +145,686% |
| Recurring financial income | 75 | €0 | €306 | +€306 | +145,686% |
| Financial charges | 65/66B | €895 | €772 | -€122 | -13.7% |
| Recurring financial charges | 65 | €895 | €772 | -€122 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €85,786 | €43,662 | -€42,124 | -49.1% |
| Profit (loss) for the period | 9904 | €85,786 | €43,662 | -€42,124 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €85,786 | €43,662 | -€42,124 | -49.1% |
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 28 October 2026 via checked.be.