MX EVOLUTION: 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 EVOLUTION
Largest movements
- Receivables within one year -€36,654
down €36,654 (-63.8%), from €57,486 to €20,831
of which Trade receivables: -€41,014
- Deferred charges and accrued income +€1,247
up €1,247 (+113%), from €1,105 to €2,352
- Cash -€1,070
down €1,070 (-7.4%), from €14,430 to €13,360
mainly Other debts (-€25,795) and Contributions, distributions and other (-€10,000)
- Tangible fixed assets +€819
up €819 (+24.7%), from €3,321 to €4,140
of which Furniture and vehicles: +€922
- Other debts -€25,795
down €25,795 (-72.3%), from €35,701 to €9,906
- Tax, wage and social debts -€7,357
down €7,357 (-41.3%), from €17,820 to €10,463
- Trade debts -€2,844
down €2,844 (-44.4%), from €6,399 to €3,555
- Gross operating margin -€47,051
down €47,051 (-74.0%), from €63,541 to €16,490
- Taxes -€9,437
down €9,437 (-72.2%), from €13,077 to €3,640
- Depreciation -€694
down €694 (-38.7%), from €1,793 to €1,100
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 | €76,342 | €40,684 | -€35,658 | -46.7% |
| Fixed assets | 21/28 | €3,321 | €4,140 | +€819 | +24.7% |
| Tangible fixed assets | 22/27 | €3,321 | €4,140 | +€819 | +24.7% |
| Furniture and vehicles | 24 | €2,643 | €3,565 | +€922 | +34.9% |
| Other tangible fixed assets | 26 | €678 | €575 | -€103 | -15.2% |
| Current assets | 29/58 | €73,021 | €36,544 | -€36,477 | -50.0% |
| Amounts receivable within one year | 40/41 | €57,486 | €20,831 | -€36,654 | -63.8% |
| Trade receivables | 40 | €57,486 | €16,471 | -€41,014 | -71.3% |
| Other amounts receivable | 41 | - | €4,360 | +€4,360 | |
| Cash at bank and in hand | 54/58 | €14,430 | €13,360 | -€1,070 | -7.4% |
| Deferred charges and accrued income | 490/1 | €1,105 | €2,352 | +€1,247 | +113% |
| Total equity and liabilities | 10/49 | €76,342 | €40,684 | -€35,658 | -46.7% |
| Equity | 10/15 | €16,416 | €16,759 | +€344 | +2.1% |
| Contributions | 10/11 | €2,800 | €2,800 | = | 0.0% |
| Reserves | 13 | €13,616 | €13,959 | +€344 | +2.5% |
| Distributable reserves | 133 | €13,616 | €13,959 | +€344 | +2.5% |
| Amounts payable | 17/49 | €59,926 | €23,924 | -€36,002 | -60.1% |
| Amounts payable within one year | 42/48 | €59,920 | €23,924 | -€35,996 | -60.1% |
| Trade debts | 44 | €6,399 | €3,555 | -€2,844 | -44.4% |
| Suppliers | 440/4 | €6,399 | €3,555 | -€2,844 | -44.4% |
| Taxes, remuneration and social security | 45 | €17,820 | €10,463 | -€7,357 | -41.3% |
| Taxes | 450/3 | €17,820 | €10,463 | -€7,357 | -41.3% |
| Other amounts payable | 47/48 | €35,701 | €9,906 | -€25,795 | -72.3% |
| Accrued charges and deferred income | 492/3 | €6 | €0 | -€6 | -97.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,793 | €1,100 | -€694 | -38.7% |
| Other operating charges | 640/8 | €740 | €1,238 | +€497 | +67.2% |
| Non-recurring operating charges | 66A | €16 | - | -€16 | |
| Gross operating margin | 9900 | €63,541 | €16,490 | -€47,051 | -74.0% |
| Operating profit (loss) | 9901 | €60,991 | €14,152 | -€46,839 | -76.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -56.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -56.5% |
| Financial charges | 65/66B | €198 | €169 | -€29 | -14.7% |
| Recurring financial charges | 65 | €198 | €169 | -€29 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €60,794 | €13,984 | -€46,810 | -77.0% |
| Income taxes | 67/77 | €13,077 | €3,640 | -€9,437 | -72.2% |
| Profit (loss) for the period | 9904 | €47,717 | €10,344 | -€37,373 | -78.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,717 | €10,344 | -€37,373 | -78.3% |
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.