NEW MNG: 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.
NEW MNG
Largest movements
- Receivables within one year -€16,073
down €16,073 (-38.3%), from €41,917 to €25,844
of which Other amounts receivable: -€8,189
- Tangible fixed assets +€12,265
up €12,265 (+27.9%), from €43,936 to €56,201
of which Other tangible fixed assets: +€10,305
- Cash +€5,761
up €5,761 (+335.5%), from €1,717 to €7,478
mainly Other debts (+€38,247) and Receivables within one year (+€16,073)
- Deferred charges and accrued income -€1,761
down €1,761 (-29.8%), from €5,916 to €4,155
- Other debts +€38,247
up €38,247 (+47.5%), from €80,544 to €118,791
- Profit (loss) carried forward -€21,910
down €21,910 (-54.2%), from -€40,428 to -€62,338
- Debts after one year -€7,402
down €7,402 (-40.7%), from €18,186 to €10,784
- Trade debts -€5,533
down €5,533 (-44.2%), from €12,516 to €6,983
- Tax, wage and social debts -€3,380
down €3,380 (-45.8%), from €7,376 to €3,996
of which Remuneration and social security: -€3,750
- Staff costs -€15,128
no longer reported in 2025 (was €15,128)
- Gross operating margin -€7,869
down €7,869 (-841.6%), from -€935 to -€8,804
- Depreciation +€1,801
up €1,801 (+22.0%), from €8,203 to €10,004
- Other operating charges -€672
down €672 (-29.5%), from €2,277 to €1,605
- Financial charges -€663
down €663 (-33.4%), from €1,984 to €1,321
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 | €93,486 | €93,678 | +€192 | +0.2% |
| Fixed assets | 21/28 | €43,936 | €56,201 | +€12,265 | +27.9% |
| Tangible fixed assets | 22/27 | €43,936 | €56,201 | +€12,265 | +27.9% |
| Land and buildings | 22 | €543 | - | -€543 | |
| Furniture and vehicles | 24 | €3,785 | €6,288 | +€2,503 | +66.1% |
| Other tangible fixed assets | 26 | €39,608 | €49,913 | +€10,305 | +26.0% |
| Current assets | 29/58 | €49,550 | €37,477 | -€12,073 | -24.4% |
| Amounts receivable within one year | 40/41 | €41,917 | €25,844 | -€16,073 | -38.3% |
| Trade receivables | 40 | €25,726 | €17,842 | -€7,884 | -30.6% |
| Other amounts receivable | 41 | €16,191 | €8,002 | -€8,189 | -50.6% |
| Cash at bank and in hand | 54/58 | €1,717 | €7,478 | +€5,761 | +335.5% |
| Deferred charges and accrued income | 490/1 | €5,916 | €4,155 | -€1,761 | -29.8% |
| Total equity and liabilities | 10/49 | €93,486 | €93,678 | +€192 | +0.2% |
| Equity | 10/15 | -€32,368 | -€54,278 | -€21,910 | -67.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,428 | -€62,338 | -€21,910 | -54.2% |
| Amounts payable | 17/49 | €125,854 | €147,956 | +€22,102 | +17.6% |
| Amounts payable after more than one year | 17 | €18,186 | €10,784 | -€7,402 | -40.7% |
| Financial debts | 170/4 | €18,186 | €10,784 | -€7,402 | -40.7% |
| Amounts payable within one year | 42/48 | €107,668 | €137,172 | +€29,504 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €7,232 | €7,402 | +€170 | +2.4% |
| Trade debts | 44 | €12,516 | €6,983 | -€5,533 | -44.2% |
| Suppliers | 440/4 | €12,516 | €6,983 | -€5,533 | -44.2% |
| Taxes, remuneration and social security | 45 | €7,376 | €3,996 | -€3,380 | -45.8% |
| Taxes | 450/3 | €3,626 | €3,996 | +€370 | +10.2% |
| Remuneration and social security | 454/9 | €3,750 | - | -€3,750 | |
| Other amounts payable | 47/48 | €80,544 | €118,791 | +€38,247 | +47.5% |
| Remuneration, social security and pensions | 62 | €15,128 | - | -€15,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,203 | €10,004 | +€1,801 | +22.0% |
| Other operating charges | 640/8 | €2,277 | €1,605 | -€672 | -29.5% |
| Non-recurring operating charges | 66A | €19,918 | - | -€19,918 | |
| Gross operating margin | 9900 | -€935 | -€8,804 | -€7,869 | -841.6% |
| Operating profit (loss) | 9901 | -€46,461 | -€20,413 | +€26,048 | +56.1% |
| Financial charges | 65/66B | €1,984 | €1,321 | -€663 | -33.4% |
| Recurring financial charges | 65 | €1,984 | €1,321 | -€663 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€48,445 | -€21,734 | +€26,711 | +55.1% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€48,445 | -€21,910 | +€26,535 | +54.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,445 | -€21,910 | +€26,535 | +54.8% |
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 12 October 2026 via checked.be.