MX MANAGEMENT: what changed
Two fiscal 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 MANAGEMENT
Largest movements
- Financial fixed assets +€127,000
up €127,000 (+9.2%), from €1.4m to €1.5m
- Receivables within one year -€23,384
down €23,384 (-87.8%), from €26,625 to €3,241
- Cash +€22,210
up €22,210 (+75.4%), from €29,442 to €51,652
mainly Net result for the year (+€213,072) and Other debts (+€98,000)
- Reserves +€213,072
up €213,072 (+80.8%), from €263,842 to €476,915
- Debts after one year -€184,625
down €184,625 (-19.6%), from €943,168 to €758,543
- Other debts +€98,000
new in 2025: €98,000
- Financial income +€76,000
up €76,000 (+52.8%), from €144,000 to €220,000
- Financial charges -€6,947
down €6,947 (-17.2%), from €40,473 to €33,526
- Gross operating margin -€6,878
down €6,878 (-20.0%), from €34,475 to €27,597
- Other operating charges +€611
up €611 (+157.8%), from €387 to €998
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 | €1,435,069 | €1,560,892 | +€125,823 | +8.8% |
| Fixed assets | 21/28 | €1,379,000 | €1,506,000 | +€127,000 | +9.2% |
| Financial fixed assets | 28 | €1,379,000 | €1,506,000 | +€127,000 | +9.2% |
| Current assets | 29/58 | €56,069 | €54,892 | -€1,177 | -2.1% |
| Amounts receivable within one year | 40/41 | €26,625 | €3,241 | -€23,384 | -87.8% |
| Trade receivables | 40 | €26,625 | €3,241 | -€23,384 | -87.8% |
| Cash at bank and in hand | 54/58 | €29,442 | €51,652 | +€22,210 | +75.4% |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €1,435,069 | €1,560,892 | +€125,823 | +8.8% |
| Equity | 10/15 | €283,842 | €496,915 | +€213,072 | +75.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €263,842 | €476,915 | +€213,072 | +80.8% |
| Distributable reserves | 133 | €263,842 | €476,915 | +€213,072 | +80.8% |
| Amounts payable | 17/49 | €1,151,227 | €1,063,977 | -€87,250 | -7.6% |
| Amounts payable after more than one year | 17 | €943,168 | €758,543 | -€184,625 | -19.6% |
| Financial debts | 170/4 | €943,168 | €758,543 | -€184,625 | -19.6% |
| Amounts payable within one year | 42/48 | €202,535 | €301,588 | +€99,053 | +48.9% |
| Current portion of amounts payable after more than one year | 42 | €201,657 | €202,482 | +€825 | +0.4% |
| Taxes, remuneration and social security | 45 | €878 | €1,106 | +€228 | +25.9% |
| Taxes | 450/3 | €878 | €1,106 | +€228 | +25.9% |
| Other amounts payable | 47/48 | - | €98,000 | +€98,000 | |
| Accrued charges and deferred income | 492/3 | €5,524 | €3,847 | -€1,677 | -30.4% |
| Other operating charges | 640/8 | €387 | €998 | +€611 | +157.8% |
| Gross operating margin | 9900 | €34,475 | €27,597 | -€6,878 | -20.0% |
| Operating profit (loss) | 9901 | €34,088 | €26,598 | -€7,489 | -22.0% |
| Financial income | 75/76B | €144,000 | €220,000 | +€76,000 | +52.8% |
| Recurring financial income | 75 | €144,000 | €220,000 | +€76,000 | +52.8% |
| Financial charges | 65/66B | €40,473 | €33,526 | -€6,947 | -17.2% |
| Recurring financial charges | 65 | €40,473 | €33,526 | -€6,947 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €137,614 | €213,072 | +€75,458 | +54.8% |
| Profit (loss) for the period | 9904 | €137,614 | €213,072 | +€75,458 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,614 | €213,072 | +€75,458 | +54.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.