MNM 2000: 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.
MNM 2000
Largest movements
- Receivables within one year +€275,578
up €275,578 (+134.2%), from €205,297 to €480,875
of which Other amounts receivable: +€148,840
- Cash +€148,189
up €148,189 (+161.7%), from €91,662 to €239,851
mainly Net result for the year (+€346,934) and Other debts (+€121,165)
- Stocks and contracts -€38,556
down €38,556 (-50.9%), from €75,785 to €37,229
- Reserves +€196,934
up €196,934 (+100.4%), from €196,205 to €393,139
- Other debts +€121,165
up €121,165 (+113.3%), from €106,981 to €228,146
- Trade debts +€46,589
up €46,589 (+41.4%), from €112,462 to €159,051
- Tax, wage and social debts +€37,096
up €37,096 (+60.5%), from €61,279 to €98,374
of which Taxes: +€23,183
- Debts after one year -€32,510
down €32,510 (-21.7%), from €149,968 to €117,459
- Gross operating margin +€192,073
up €192,073 (+30.3%), from €632,985 to €825,058
- Staff costs -€52,390
down €52,390 (-13.4%), from €389,575 to €337,185
- Taxes +€29,131
up €29,131 (+98.5%), from €29,577 to €58,708
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 | €668,225 | €1,038,703 | +€370,478 | +55.4% |
| Fixed assets | 21/28 | €291,882 | €274,602 | -€17,280 | -5.9% |
| Intangible fixed assets | 21 | €66,993 | €58,593 | -€8,400 | -12.5% |
| Tangible fixed assets | 22/27 | €224,889 | €216,010 | -€8,880 | -3.9% |
| Plant, machinery and equipment | 23 | €35,500 | €30,230 | -€5,269 | -14.8% |
| Furniture and vehicles | 24 | €10,377 | €9,531 | -€846 | -8.2% |
| Other tangible fixed assets | 26 | €179,012 | €176,248 | -€2,764 | -1.5% |
| Current assets | 29/58 | €376,343 | €764,101 | +€387,758 | +103.0% |
| Stocks and contracts in progress | 3 | €75,785 | €37,229 | -€38,556 | -50.9% |
| Stocks | 30/36 | €75,785 | €37,229 | -€38,556 | -50.9% |
| Amounts receivable within one year | 40/41 | €205,297 | €480,875 | +€275,578 | +134.2% |
| Trade receivables | 40 | €25,110 | €151,848 | +€126,738 | +504.7% |
| Other amounts receivable | 41 | €180,187 | €329,027 | +€148,840 | +82.6% |
| Cash at bank and in hand | 54/58 | €91,662 | €239,851 | +€148,189 | +161.7% |
| Deferred charges and accrued income | 490/1 | €3,599 | €6,146 | +€2,546 | +70.7% |
| Total equity and liabilities | 10/49 | €668,225 | €1,038,703 | +€370,478 | +55.4% |
| Equity | 10/15 | €206,205 | €403,139 | +€196,934 | +95.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €196,205 | €393,139 | +€196,934 | +100.4% |
| Distributable reserves | 133 | €196,205 | €393,139 | +€196,934 | +100.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €462,020 | €635,564 | +€173,544 | +37.6% |
| Amounts payable after more than one year | 17 | €149,968 | €117,459 | -€32,510 | -21.7% |
| Financial debts | 170/4 | €149,968 | €117,459 | -€32,510 | -21.7% |
| Amounts payable within one year | 42/48 | €312,052 | €518,105 | +€206,053 | +66.0% |
| Current portion of amounts payable after more than one year | 42 | €31,330 | €32,510 | +€1,179 | +3.8% |
| Financial debts | 43 | - | €24 | +€24 | |
| Credit institutions | 430/8 | - | €24 | +€24 | |
| Trade debts | 44 | €112,462 | €159,051 | +€46,589 | +41.4% |
| Suppliers | 440/4 | €112,462 | €159,051 | +€46,589 | +41.4% |
| Taxes, remuneration and social security | 45 | €61,279 | €98,374 | +€37,096 | +60.5% |
| Taxes | 450/3 | €40,334 | €63,517 | +€23,183 | +57.5% |
| Remuneration and social security | 454/9 | €20,945 | €34,857 | +€13,913 | +66.4% |
| Other amounts payable | 47/48 | €106,981 | €228,146 | +€121,165 | +113.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €389,575 | €337,185 | -€52,390 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,714 | €44,567 | +€3,853 | +9.5% |
| Other operating charges | 640/8 | €10,153 | €11,466 | +€1,313 | +12.9% |
| Gross operating margin | 9900 | €632,985 | €825,058 | +€192,073 | +30.3% |
| Operating profit (loss) | 9901 | €192,543 | €431,840 | +€239,297 | +124.3% |
| Financial income | 75/76B | €1,186 | €3,040 | +€1,854 | +156.3% |
| Recurring financial income | 75 | €1,186 | €3,040 | +€1,854 | +156.3% |
| Financial charges | 65/66B | €23,703 | €29,237 | +€5,534 | +23.3% |
| Recurring financial charges | 65 | €23,703 | €29,237 | +€5,534 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €170,026 | €405,642 | +€235,616 | +138.6% |
| Income taxes | 67/77 | €29,577 | €58,708 | +€29,131 | +98.5% |
| Profit (loss) for the period | 9904 | €140,449 | €346,934 | +€206,485 | +147.0% |
| Profit (loss) for the period to be appropriated | 9905 | €140,449 | €346,934 | +€206,485 | +147.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.