MNM CORPORATE: 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 CORPORATE
Largest movements
- Cash +€40,471
up €40,471 (+72.8%), from €55,589 to €96,060
mainly Net result for the year (+€40,654) and Receivables within one year (+€28,178)
- Receivables within one year -€28,178
down €28,178 (-78.0%), from €36,134 to €7,957
- Tangible fixed assets -€7,469
down €7,469 (-49.3%), from €15,144 to €7,675
of which Furniture and vehicles: -€6,299
- Stocks and contracts +€3,931
up €3,931 (+7.9%), from €49,889 to €53,820
- Trade debts -€43,096
down €43,096 (-42.5%), from €101,461 to €58,365
- Reserves +€40,654
new in 2025: €40,654
- Tax, wage and social debts +€13,530
up €13,530 (+264%), from €5,116 to €18,647
of which Taxes: +€13,378
- Other debts -€2,221
down €2,221 (-4.6%), from €48,398 to €46,177
- Gross operating margin +€51,042
up €51,042 (+211%), from €24,191 to €75,232
- Taxes +€15,593
new in 2025: €15,593
- Depreciation -€4,350
down €4,350 (-36.8%), from €11,819 to €7,469
- Other operating charges -€3,567
down €3,567 (-30.0%), from €11,883 to €8,315
- Financial charges +€1,045
up €1,045 (+34.0%), from €3,072 to €4,117
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 | €157,161 | €167,569 | +€10,408 | +6.6% |
| Fixed assets | 21/28 | €15,144 | €7,675 | -€7,469 | -49.3% |
| Tangible fixed assets | 22/27 | €15,144 | €7,675 | -€7,469 | -49.3% |
| Plant, machinery and equipment | 23 | €4,433 | €3,501 | -€932 | -21.0% |
| Furniture and vehicles | 24 | €9,792 | €3,493 | -€6,299 | -64.3% |
| Other tangible fixed assets | 26 | €919 | €681 | -€238 | -25.9% |
| Current assets | 29/58 | €142,017 | €159,894 | +€17,878 | +12.6% |
| Stocks and contracts in progress | 3 | €49,889 | €53,820 | +€3,931 | +7.9% |
| Stocks | 30/36 | €49,889 | €53,820 | +€3,931 | +7.9% |
| Amounts receivable within one year | 40/41 | €36,134 | €7,957 | -€28,178 | -78.0% |
| Trade receivables | 40 | €36,134 | €7,957 | -€28,178 | -78.0% |
| Cash at bank and in hand | 54/58 | €55,589 | €96,060 | +€40,471 | +72.8% |
| Deferred charges and accrued income | 490/1 | €404 | €2,057 | +€1,653 | +409% |
| Total equity and liabilities | 10/49 | €157,161 | €167,569 | +€10,408 | +6.6% |
| Equity | 10/15 | €467 | €41,122 | +€40,654 | +8,698% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €40,654 | +€40,654 | |
| Distributable reserves | 133 | - | €40,654 | +€40,654 | |
| Profit (loss) carried forward | 14 | -€2,533 | -€2,533 | = | 0.0% |
| Amounts payable | 17/49 | €156,693 | €126,447 | -€30,246 | -19.3% |
| Amounts payable within one year | 42/48 | €154,975 | €123,188 | -€31,786 | -20.5% |
| Trade debts | 44 | €101,461 | €58,365 | -€43,096 | -42.5% |
| Suppliers | 440/4 | €101,461 | €58,365 | -€43,096 | -42.5% |
| Taxes, remuneration and social security | 45 | €5,116 | €18,647 | +€13,530 | +264% |
| Taxes | 450/3 | €5,116 | €18,495 | +€13,378 | +262% |
| Remuneration and social security | 454/9 | - | €152 | +€152 | |
| Other amounts payable | 47/48 | €48,398 | €46,177 | -€2,221 | -4.6% |
| Accrued charges and deferred income | 492/3 | €1,719 | €3,259 | +€1,540 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,819 | €7,469 | -€4,350 | -36.8% |
| Other operating charges | 640/8 | €11,883 | €8,315 | -€3,567 | -30.0% |
| Gross operating margin | 9900 | €24,191 | €75,232 | +€51,042 | +211% |
| Operating profit (loss) | 9901 | €489 | €59,448 | +€58,959 | +12,058% |
| Financial income | 75/76B | €50 | €917 | +€866 | +1,732% |
| Recurring financial income | 75 | €50 | €917 | +€866 | +1,732% |
| Financial charges | 65/66B | €3,072 | €4,117 | +€1,045 | +34.0% |
| Recurring financial charges | 65 | €3,072 | €4,117 | +€1,045 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,533 | €56,248 | +€58,780 | |
| Income taxes | 67/77 | - | €15,593 | +€15,593 | |
| Profit (loss) for the period | 9904 | -€2,533 | €40,654 | +€43,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,533 | €40,654 | +€43,187 |
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 15 October 2026 via checked.be.