MMW: what changed
What changed
MMW
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€126,475
2024 · €19,448+€107,027
Equity
€5,000
2024 · €118,270-€113,270
Cash
€187
2024 · €17+€170
Balance sheet total
€347,419
2024 · €658,018-€310,600
Largest movements
Assets
- Receivables within one year -€292,590
down €292,590 (-82.9%), from €352,782 to €60,191
of which Other amounts receivable: -€338,875
- Tangible fixed assets -€16,384
down €16,384 (-75.4%), from €21,740 to €5,356
Equity and liabilities
- Reserves -€113,270
no longer reported in 2025 (was €113,270)
- Other debts -€110,877
down €110,877 (-26.9%), from €412,000 to €301,123
- Tax, wage and social debts -€61,758
down €61,758 (-66.1%), from €93,373 to €31,615
of which Taxes: -€58,467
- Current portion of long-term debt -€9,549
down €9,549 (-58.0%), from €16,470 to €6,921
- Debts after one year -€6,921
no longer reported in 2025 (was €6,921)
Income statement
- Gross operating margin +€142,184
up €142,184 (+302%), from €47,087 to €189,271
- Taxes +€31,809
up €31,809 (+423%), from €7,518 to €39,327
- Financial income -€5,163
down €5,163 (-27.7%), from €18,613 to €13,451
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€19,448
Gross operating margin
+€142,184
Staff costs
+€1,308
Depreciation
-€206
Other operating charges
+€326
Financial income
-€5,163
Financial charges
+€387
Taxes
-€31,809
Result 2025
€126,475
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€256,385
Investment
€0
Financing
-€256,216
Cash 2024
€17
From operations (derived)
+€256,385
Net result for the year
+€126,475
Depreciation
+€16,884
Receivables within one year
+€292,590
Deferred charges and accrued income
+€1,295
Trade debts
-€3,444
Tax, wage and social debts
-€61,758
Other debts
-€110,877
Accrued charges and deferred income
-€4,781
Financing
-€256,216
Debts after one year
-€6,921
Current portion of long-term debt
-€9,549
Contributions, distributions and other
-€239,745
Cash 2025
€187
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €658,018 | €347,419 | -€310,600 | -47.2% |
| Fixed assets | 21/28 | €23,019 | €6,135 | -€16,884 | -73.3% |
| Intangible fixed assets | 21 | €1,279 | €779 | -€500 | -39.1% |
| Tangible fixed assets | 22/27 | €21,740 | €5,356 | -€16,384 | -75.4% |
| Furniture and vehicles | 24 | €21,740 | €5,356 | -€16,384 | -75.4% |
| Current assets | 29/58 | €634,999 | €341,284 | -€293,715 | -46.3% |
| Amounts receivable after more than one year | 29 | €280,000 | €280,000 | = | 0.0% |
| Other amounts receivable | 291 | €280,000 | €280,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €352,782 | €60,191 | -€292,590 | -82.9% |
| Trade receivables | 40 | €6,148 | €52,433 | +€46,285 | +753% |
| Other amounts receivable | 41 | €346,634 | €7,758 | -€338,875 | -97.8% |
| Cash at bank and in hand | 54/58 | €17 | €187 | +€170 | +974% |
| Deferred charges and accrued income | 490/1 | €2,200 | €905 | -€1,295 | -58.9% |
| Total equity and liabilities | 10/49 | €658,018 | €347,419 | -€310,600 | -47.2% |
| Equity | 10/15 | €118,270 | €5,000 | -€113,270 | -95.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €113,270 | - | -€113,270 | |
| Distributable reserves | 133 | €113,270 | - | -€113,270 | |
| Amounts payable | 17/49 | €539,748 | €342,419 | -€197,330 | -36.6% |
| Amounts payable after more than one year | 17 | €6,921 | - | -€6,921 | |
| Financial debts | 170/4 | €6,921 | - | -€6,921 | |
| Amounts payable within one year | 42/48 | €528,046 | €342,419 | -€185,627 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €16,470 | €6,921 | -€9,549 | -58.0% |
| Trade debts | 44 | €6,203 | €2,759 | -€3,444 | -55.5% |
| Suppliers | 440/4 | €6,203 | €2,759 | -€3,444 | -55.5% |
| Taxes, remuneration and social security | 45 | €93,373 | €31,615 | -€61,758 | -66.1% |
| Taxes | 450/3 | €82,502 | €24,036 | -€58,467 | -70.9% |
| Remuneration and social security | 454/9 | €10,871 | €7,580 | -€3,291 | -30.3% |
| Other amounts payable | 47/48 | €412,000 | €301,123 | -€110,877 | -26.9% |
| Accrued charges and deferred income | 492/3 | €4,781 | - | -€4,781 | |
| Remuneration, social security and pensions | 62 | €20,205 | €18,896 | -€1,308 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,678 | €16,884 | +€206 | +1.2% |
| Other operating charges | 640/8 | €1,041 | €715 | -€326 | -31.3% |
| Gross operating margin | 9900 | €47,087 | €189,271 | +€142,184 | +302% |
| Operating profit (loss) | 9901 | €9,163 | €152,775 | +€143,612 | +1,567% |
| Financial income | 75/76B | €18,613 | €13,451 | -€5,163 | -27.7% |
| Recurring financial income | 75 | €18,613 | €13,451 | -€5,163 | -27.7% |
| Financial charges | 65/66B | €810 | €424 | -€387 | -47.7% |
| Recurring financial charges | 65 | €810 | €424 | -€387 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €26,966 | €165,802 | +€138,836 | +515% |
| Income taxes | 67/77 | €7,518 | €39,327 | +€31,809 | +423% |
| Profit (loss) for the period | 9904 | €19,448 | €126,475 | +€107,027 | +550% |
| Profit (loss) for the period to be appropriated | 9905 | €19,448 | €126,475 | +€107,027 | +550% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.