MNO Management: 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.
MNO Management
Largest movements
- Cash +€39,104
up €39,104 (+88.0%), from €44,453 to €83,557
mainly Net result for the year (+€16,872) and Receivables within one year (+€11,950)
- Receivables within one year -€11,950
down €11,950 (-70.4%), from €16,965 to €5,015
of which Trade receivables: -€11,755
- Deferred charges and accrued income -€6,966
no longer reported in 2025 (was €6,966)
- Reserves +€17,000
up €17,000 (+37.4%), from €45,500 to €62,500
- Other debts +€2,168
up €2,168 (+56.4%), from €3,844 to €6,012
- Tax, wage and social debts +€1,010
up €1,010 (+11.4%), from €8,859 to €9,869
- Gross operating margin +€19,866
up €19,866 (+416%), from €4,773 to €24,640
- Taxes +€4,195
up €4,195 (+532%), from €788 to €4,983
- Other operating charges +€815
up €815 (+260%), from €314 to €1,129
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 | €68,534 | €88,722 | +€20,188 | +29.5% |
| Fixed assets | 21/28 | €150 | €150 | = | 0.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €68,384 | €88,572 | +€20,188 | +29.5% |
| Amounts receivable within one year | 40/41 | €16,965 | €5,015 | -€11,950 | -70.4% |
| Trade receivables | 40 | €11,755 | - | -€11,755 | |
| Other amounts receivable | 41 | €5,210 | €5,015 | -€195 | -3.7% |
| Cash at bank and in hand | 54/58 | €44,453 | €83,557 | +€39,104 | +88.0% |
| Deferred charges and accrued income | 490/1 | €6,966 | - | -€6,966 | |
| Total equity and liabilities | 10/49 | €68,534 | €88,722 | +€20,188 | +29.5% |
| Equity | 10/15 | €55,807 | €72,679 | +€16,872 | +30.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,500 | €62,500 | +€17,000 | +37.4% |
| Distributable reserves | 133 | €45,500 | €62,500 | +€17,000 | +37.4% |
| Profit (loss) carried forward | 14 | €307 | €179 | -€128 | -41.6% |
| Amounts payable | 17/49 | €12,727 | €16,042 | +€3,316 | +26.1% |
| Amounts payable within one year | 42/48 | €12,727 | €16,042 | +€3,316 | +26.1% |
| Trade debts | 44 | €24 | €161 | +€137 | +565% |
| Suppliers | 440/4 | €24 | €161 | +€137 | +565% |
| Taxes, remuneration and social security | 45 | €8,859 | €9,869 | +€1,010 | +11.4% |
| Taxes | 450/3 | €8,859 | €9,869 | +€1,010 | +11.4% |
| Other amounts payable | 47/48 | €3,844 | €6,012 | +€2,168 | +56.4% |
| Other operating charges | 640/8 | €314 | €1,129 | +€815 | +260% |
| Gross operating margin | 9900 | €4,773 | €24,640 | +€19,866 | +416% |
| Operating profit (loss) | 9901 | €4,460 | €23,511 | +€19,051 | +427% |
| Financial income | 75/76B | €0 | €6 | +€6 | +59,500% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +59,500% |
| Financial charges | 65/66B | €1,706 | €1,662 | -€44 | -2.6% |
| Recurring financial charges | 65 | €1,706 | €1,662 | -€44 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €2,754 | €21,855 | +€19,101 | +694% |
| Income taxes | 67/77 | €788 | €4,983 | +€4,195 | +532% |
| Profit (loss) for the period | 9904 | €1,966 | €16,872 | +€14,907 | +758% |
| Profit (loss) for the period to be appropriated | 9905 | €1,966 | €16,872 | +€14,907 | +758% |
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 16 October 2026 via checked.be.