mx construct: 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.
mx construct
Largest movements
- Receivables within one year +€851
up €851 (+602.4%), from €141 to €992
- Tangible fixed assets +€722
new in 2025: €722
- Cash -€199
down €199 (-89.4%), from €222 to €24
mainly Tax, wage and social debts (-€1,503) and Receivables within one year (-€851)
- Deferred charges and accrued income -€78
down €78 (-17.3%), from €450 to €372
- Profit (loss) carried forward +€3,951
up €3,951 (+8.5%), from -€46,632 to -€42,681
- Tax, wage and social debts -€1,503
down €1,503 (-57.7%), from €2,606 to €1,103
- Trade debts -€839
down €839 (-50.4%), from €1,666 to €827
- Other debts -€313
down €313 (-1.2%), from €25,799 to €25,486
- Gross operating margin -€15,106
down €15,106 (-70.6%), from €21,389 to €6,284
- Other operating charges +€1,233
up €1,233 (+359.8%), from €343 to €1,576
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 | €2,039 | €3,335 | +€1,296 | +63.6% |
| Fixed assets | 21/28 | - | €722 | +€722 | |
| Tangible fixed assets | 22/27 | - | €722 | +€722 | |
| Furniture and vehicles | 24 | - | €722 | +€722 | |
| Current assets | 29/58 | €2,039 | €2,613 | +€574 | +28.2% |
| Stocks and contracts in progress | 3 | €1,225 | €1,225 | = | 0.0% |
| Stocks | 30/36 | €1,225 | €1,225 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €141 | €992 | +€851 | +602.4% |
| Other amounts receivable | 41 | €141 | €992 | +€851 | +602.4% |
| Cash at bank and in hand | 54/58 | €222 | €24 | -€199 | -89.4% |
| Deferred charges and accrued income | 490/1 | €450 | €372 | -€78 | -17.3% |
| Total equity and liabilities | 10/49 | €2,039 | €3,335 | +€1,296 | +63.6% |
| Equity | 10/15 | -€28,032 | -€24,081 | +€3,951 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,632 | -€42,681 | +€3,951 | +8.5% |
| Amounts payable | 17/49 | €30,071 | €27,416 | -€2,655 | -8.8% |
| Amounts payable within one year | 42/48 | €30,071 | €27,416 | -€2,655 | -8.8% |
| Trade debts | 44 | €1,666 | €827 | -€839 | -50.4% |
| Suppliers | 440/4 | €1,666 | €827 | -€839 | -50.4% |
| Taxes, remuneration and social security | 45 | €2,606 | €1,103 | -€1,503 | -57.7% |
| Taxes | 450/3 | €2,606 | €1,103 | -€1,503 | -57.7% |
| Other amounts payable | 47/48 | €25,799 | €25,486 | -€313 | -1.2% |
| Non-recurring operating income | 76A | €11,228 | - | -€11,228 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €100 | +€100 | |
| Other operating charges | 640/8 | €343 | €1,576 | +€1,233 | +359.8% |
| Gross operating margin | 9900 | €21,389 | €6,284 | -€15,106 | -70.6% |
| Operating profit (loss) | 9901 | €21,047 | €4,608 | -€16,438 | -78.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +33.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +33.3% |
| Financial charges | 65/66B | €106 | €185 | +€79 | +74.6% |
| Recurring financial charges | 65 | €106 | €185 | +€79 | +74.6% |
| Profit (loss) for the period before taxes | 9903 | €20,941 | €4,424 | -€16,517 | -78.9% |
| Income taxes | 67/77 | €460 | €473 | +€13 | +2.8% |
| Profit (loss) for the period | 9904 | €20,481 | €3,951 | -€16,530 | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,481 | €3,951 | -€16,530 | -80.7% |
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 10 October 2026 via checked.be.