Team M+: 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.
Team M+
Largest movements
- Cash -€1,817
down €1,817 (-54.4%), from €3,341 to €1,524
mainly Net result for the year (-€3,322) and Receivables within one year (-€390)
- Receivables within one year +€390
up €390 (+289.0%), from €135 to €525
- Profit (loss) carried forward -€3,322
down €3,322 (-50.9%), from -€6,524 to -€9,846
- Other debts +€1,896
new in 2025: €1,896
- Gross operating margin -€2,319
down €2,319 (-360.6%), from -€643 to -€2,962
- Financial charges +€51
up €51 (+37.9%), from €135 to €186
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 | €3,476 | €2,049 | -€1,427 | -41.0% |
| Current assets | 29/58 | €3,476 | €2,049 | -€1,427 | -41.0% |
| Amounts receivable within one year | 40/41 | €135 | €525 | +€390 | +289.0% |
| Other amounts receivable | 41 | €135 | €525 | +€390 | +289.0% |
| Cash at bank and in hand | 54/58 | €3,341 | €1,524 | -€1,817 | -54.4% |
| Total equity and liabilities | 10/49 | €3,476 | €2,049 | -€1,427 | -41.0% |
| Equity | 10/15 | €3,476 | €154 | -€3,322 | -95.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,524 | -€9,846 | -€3,322 | -50.9% |
| Amounts payable | 17/49 | - | €1,896 | +€1,896 | |
| Amounts payable within one year | 42/48 | - | €1,896 | +€1,896 | |
| Other amounts payable | 47/48 | - | €1,896 | +€1,896 | |
| Other operating charges | 640/8 | €164 | €175 | +€11 | +6.7% |
| Gross operating margin | 9900 | -€643 | -€2,962 | -€2,319 | -360.6% |
| Operating profit (loss) | 9901 | -€807 | -€3,137 | -€2,330 | -288.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €135 | €186 | +€51 | +37.9% |
| Recurring financial charges | 65 | €135 | €186 | +€51 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | -€942 | -€3,322 | -€2,380 | -252.7% |
| Profit (loss) for the period | 9904 | -€942 | -€3,322 | -€2,380 | -252.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€942 | -€3,322 | -€2,380 | -252.7% |
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 6 October 2026 via checked.be.