MMVJ: what changed
Two fiscal 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.
MMVJ
Largest movements
- Tangible fixed assets -€7,756
down €7,756 (-12.7%), from €61,247 to €53,491
- Intangible fixed assets -€4,284
down €4,284 (-42.9%), from €9,977 to €5,693
- Cash +€2,380
up €2,380 (+13.2%), from €18,000 to €20,380
mainly Other debts (+€28,347) and Depreciation (+€23,419)
- Profit (loss) carried forward -€57,114
down €57,114 (-70.2%), from -€81,409 to -€138,522
- Other debts +€28,347
up €28,347 (+20.6%), from €137,844 to €166,191
- Trade debts +€21,396
up €21,396 (+156.3%), from €13,690 to €35,086
- Staff costs +€49,377
up €49,377 (+18.4%), from €267,804 to €317,182
- Gross operating margin +€9,913
up €9,913 (+3.6%), from €276,842 to €286,756
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 | €106,014 | €98,375 | -€7,639 | -7.2% |
| Fixed assets | 21/28 | €71,224 | €59,184 | -€12,040 | -16.9% |
| Intangible fixed assets | 21 | €9,977 | €5,693 | -€4,284 | -42.9% |
| Tangible fixed assets | 22/27 | €61,247 | €53,491 | -€7,756 | -12.7% |
| Plant, machinery and equipment | 23 | €15,321 | €12,998 | -€2,323 | -15.2% |
| Furniture and vehicles | 24 | €5,514 | €3,446 | -€2,068 | -37.5% |
| Other tangible fixed assets | 26 | €40,412 | €37,047 | -€3,365 | -8.3% |
| Current assets | 29/58 | €34,790 | €39,192 | +€4,402 | +12.7% |
| Stocks and contracts in progress | 3 | €6,534 | €7,288 | +€754 | +11.5% |
| Stocks | 30/36 | €6,534 | €7,288 | +€754 | +11.5% |
| Amounts receivable within one year | 40/41 | €8,523 | €9,533 | +€1,010 | +11.8% |
| Trade receivables | 40 | €8,523 | €9,533 | +€1,010 | +11.8% |
| Cash at bank and in hand | 54/58 | €18,000 | €20,380 | +€2,380 | +13.2% |
| Deferred charges and accrued income | 490/1 | €1,733 | €1,991 | +€258 | +14.9% |
| Total equity and liabilities | 10/49 | €106,014 | €98,375 | -€7,639 | -7.2% |
| Equity | 10/15 | -€81,259 | -€138,372 | -€57,114 | -70.3% |
| Contributions | 10/11 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,409 | -€138,522 | -€57,114 | -70.2% |
| Amounts payable | 17/49 | €187,273 | €236,748 | +€49,475 | +26.4% |
| Amounts payable within one year | 42/48 | €187,273 | €236,748 | +€49,475 | +26.4% |
| Trade debts | 44 | €13,690 | €35,086 | +€21,396 | +156.3% |
| Suppliers | 440/4 | €13,690 | €35,086 | +€21,396 | +156.3% |
| Taxes, remuneration and social security | 45 | €35,739 | €35,471 | -€268 | -0.8% |
| Taxes | 450/3 | €13,544 | €16,763 | +€3,218 | +23.8% |
| Remuneration and social security | 454/9 | €22,195 | €18,708 | -€3,487 | -15.7% |
| Other amounts payable | 47/48 | €137,844 | €166,191 | +€28,347 | +20.6% |
| Remuneration, social security and pensions | 62 | €267,804 | €317,182 | +€49,377 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,068 | €23,419 | +€1,351 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €186 | - | -€186 | |
| Other operating charges | 640/8 | €1,600 | €1,155 | -€445 | -27.8% |
| Gross operating margin | 9900 | €276,842 | €286,756 | +€9,913 | +3.6% |
| Operating profit (loss) | 9901 | -€14,815 | -€55,000 | -€40,185 | -271.2% |
| Financial income | 75/76B | €2 | €525 | +€523 | +29910.3% |
| Recurring financial income | 75 | €2 | €525 | +€523 | +29910.3% |
| Financial charges | 65/66B | €2,073 | €2,639 | +€566 | +27.3% |
| Recurring financial charges | 65 | €2,073 | €2,639 | +€566 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | -€16,886 | -€57,114 | -€40,227 | -238.2% |
| Profit (loss) for the period | 9904 | -€16,886 | -€57,114 | -€40,227 | -238.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,886 | -€57,114 | -€40,227 | -238.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.