MXM: 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.
MXM
Largest movements
- Cash +€3,197
up €3,197 (+4.9%), from €64,895 to €68,092
mainly Depreciation (+€2,070) and Receivables within one year (+€1,834)
- Tangible fixed assets -€2,070
no longer reported in 2025 (was €2,070)
- Receivables within one year -€1,834
down €1,834 (-48.2%), from €3,808 to €1,974
of which Other amounts receivable: -€1,213
- Other debts +€850
new in 2025: €850
- Accrued charges and deferred income -€823
no longer reported in 2025 (was €823)
- Gross operating margin +€1,017
up €1,017 (+48.4%), from €2,103 to €3,120
- Depreciation -€431
down €431 (-17.2%), from €2,501 to €2,070
- Financial charges -€140
down €140 (-44.3%), from €316 to €176
- Taxes +€118
up €118, from -€57 to €61
- Financial income -€75
down €75 (-17.0%), from €442 to €367
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 | €72,009 | €71,178 | -€831 | -1.2% |
| Fixed assets | 21/28 | €2,070 | - | -€2,070 | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,070 | - | -€2,070 | |
| Furniture and vehicles | 24 | €2,070 | - | -€2,070 | |
| Current assets | 29/58 | €69,939 | €71,178 | +€1,239 | +1.8% |
| Amounts receivable within one year | 40/41 | €3,808 | €1,974 | -€1,834 | -48.2% |
| Trade receivables | 40 | €1,741 | €1,120 | -€621 | -35.7% |
| Other amounts receivable | 41 | €2,067 | €854 | -€1,213 | -58.7% |
| Cash at bank and in hand | 54/58 | €64,895 | €68,092 | +€3,197 | +4.9% |
| Deferred charges and accrued income | 490/1 | €1,236 | €1,112 | -€124 | -10.0% |
| Total equity and liabilities | 10/49 | €72,009 | €71,178 | -€831 | -1.2% |
| Equity | 10/15 | €70,238 | €70,010 | -€228 | -0.3% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,613 | €49,385 | -€228 | -0.5% |
| Amounts payable | 17/49 | €1,771 | €1,168 | -€603 | -34.0% |
| Amounts payable within one year | 42/48 | €948 | €1,168 | +€220 | +23.2% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €948 | €305 | -€643 | -67.8% |
| Taxes | 450/3 | €948 | €305 | -€643 | -67.8% |
| Other amounts payable | 47/48 | - | €850 | +€850 | |
| Accrued charges and deferred income | 492/3 | €823 | - | -€823 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,501 | €2,070 | -€431 | -17.2% |
| Other operating charges | 640/8 | €541 | €558 | +€17 | +3.1% |
| Gross operating margin | 9900 | €2,103 | €3,120 | +€1,017 | +48.4% |
| Operating profit (loss) | 9901 | -€939 | €492 | +€1,431 | |
| Financial income | 75/76B | €442 | €367 | -€75 | -17.0% |
| Recurring financial income | 75 | €442 | €367 | -€75 | -17.0% |
| Financial charges | 65/66B | €316 | €176 | -€140 | -44.3% |
| Recurring financial charges | 65 | €316 | €176 | -€140 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | -€813 | €683 | +€1,496 | |
| Income taxes | 67/77 | -€57 | €61 | +€118 | |
| Profit (loss) for the period | 9904 | -€756 | €622 | +€1,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€756 | €622 | +€1,378 |
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 28 October 2026 via checked.be.