MMV LABBEL: 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.
MMV LABBEL
Largest movements
- Receivables within one year -€17,164
down €17,164 (-23.1%), from €74,165 to €57,001
of which Trade receivables: -€11,152
- Cash +€3,834
up €3,834 (+40.6%), from €9,432 to €13,266
mainly Receivables within one year (+€17,164) and Net result for the year (+€5,422)
- Tangible fixed assets -€1,970
down €1,970 (-20.4%), from €9,669 to €7,699
of which Plant, machinery and equipment: -€2,281
- Tax, wage and social debts -€13,139
down €13,139 (-22.0%), from €59,728 to €46,590
- Other debts -€7,393
no longer reported in 2025 (was €7,393)
- Profit (loss) carried forward +€5,422
up €5,422 (+36.5%), from €14,840 to €20,263
- Gross operating margin -€20,741
down €20,741 (-51.1%), from €40,599 to €19,858
- Taxes -€4,755
down €4,755 (-48.5%), from €9,807 to €5,052
- Financial charges +€2,382
up €2,382 (+94.8%), from €2,513 to €4,895
- Other operating charges +€809
up €809 (+209%), from €387 to €1,196
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 | €95,006 | €79,604 | -€15,403 | -16.2% |
| Fixed assets | 21/28 | €9,669 | €7,699 | -€1,970 | -20.4% |
| Tangible fixed assets | 22/27 | €9,669 | €7,699 | -€1,970 | -20.4% |
| Plant, machinery and equipment | 23 | €8,312 | €6,031 | -€2,281 | -27.4% |
| Furniture and vehicles | 24 | €1,357 | €1,668 | +€311 | +23.0% |
| Current assets | 29/58 | €85,337 | €71,904 | -€13,433 | -15.7% |
| Stocks and contracts in progress | 3 | €620 | €915 | +€295 | +47.6% |
| Stocks | 30/36 | €620 | €915 | +€295 | +47.6% |
| Amounts receivable within one year | 40/41 | €74,165 | €57,001 | -€17,164 | -23.1% |
| Trade receivables | 40 | €31,419 | €20,267 | -€11,152 | -35.5% |
| Other amounts receivable | 41 | €42,745 | €36,734 | -€6,012 | -14.1% |
| Cash at bank and in hand | 54/58 | €9,432 | €13,266 | +€3,834 | +40.6% |
| Deferred charges and accrued income | 490/1 | €1,121 | €722 | -€398 | -35.6% |
| Total equity and liabilities | 10/49 | €95,006 | €79,604 | -€15,403 | -16.2% |
| Equity | 10/15 | €21,547 | €26,969 | +€5,422 | +25.2% |
| Contributions | 10/11 | €6,453 | €6,453 | = | 0.0% |
| Reserves | 13 | €253 | €253 | = | 0.0% |
| Distributable reserves | 133 | €253 | €253 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,840 | €20,263 | +€5,422 | +36.5% |
| Amounts payable | 17/49 | €73,460 | €52,635 | -€20,825 | -28.3% |
| Amounts payable within one year | 42/48 | €72,554 | €52,635 | -€19,920 | -27.5% |
| Trade debts | 44 | €5,433 | €6,045 | +€611 | +11.3% |
| Suppliers | 440/4 | €5,433 | €6,045 | +€611 | +11.3% |
| Taxes, remuneration and social security | 45 | €59,728 | €46,590 | -€13,139 | -22.0% |
| Taxes | 450/3 | €59,728 | €46,590 | -€13,139 | -22.0% |
| Other amounts payable | 47/48 | €7,393 | - | -€7,393 | |
| Accrued charges and deferred income | 492/3 | €905 | - | -€905 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,051 | €3,322 | +€270 | +8.9% |
| Other operating charges | 640/8 | €387 | €1,196 | +€809 | +209% |
| Gross operating margin | 9900 | €40,599 | €19,858 | -€20,741 | -51.1% |
| Operating profit (loss) | 9901 | €37,160 | €15,340 | -€21,821 | -58.7% |
| Financial income | 75/76B | - | €30 | +€30 | |
| Recurring financial income | 75 | - | €30 | +€30 | |
| Financial charges | 65/66B | €2,513 | €4,895 | +€2,382 | +94.8% |
| Recurring financial charges | 65 | €2,513 | €4,895 | +€2,382 | +94.8% |
| Profit (loss) for the period before taxes | 9903 | €34,647 | €10,475 | -€24,173 | -69.8% |
| Income taxes | 67/77 | €9,807 | €5,052 | -€4,755 | -48.5% |
| Profit (loss) for the period | 9904 | €24,840 | €5,422 | -€19,418 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,840 | €5,422 | -€19,418 | -78.2% |
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 21 October 2026 via checked.be.