MM Projects: 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.
MM Projects
Largest movements
- Cash +€57,708
up €57,708 (+88.3%), from €65,361 to €123,069
mainly Net result for the year (+€64,225) and Depreciation (+€1,202)
- Tangible fixed assets +€4,884
up €4,884 (+116%), from €4,201 to €9,085
- Reserves +€64,000
up €64,000 (+112%), from €57,000 to €121,000
- Tax, wage and social debts -€1,616
down €1,616 (-4.9%), from €32,760 to €31,144
- Taxes +€3,096
up €3,096 (+13.5%), from €22,972 to €26,068
- Gross operating margin +€1,080
up €1,080 (+1.2%), from €93,049 to €94,129
- Financial charges -€954
down €954 (-28.5%), from €3,348 to €2,394
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 | €93,695 | €155,697 | +€62,002 | +66.2% |
| Fixed assets | 21/28 | €4,201 | €9,085 | +€4,884 | +116% |
| Tangible fixed assets | 22/27 | €4,201 | €9,085 | +€4,884 | +116% |
| Furniture and vehicles | 24 | €4,201 | €9,085 | +€4,884 | +116% |
| Current assets | 29/58 | €89,494 | €146,612 | +€57,118 | +63.8% |
| Amounts receivable within one year | 40/41 | €19,927 | €19,283 | -€644 | -3.2% |
| Trade receivables | 40 | €19,927 | €19,283 | -€644 | -3.2% |
| Cash at bank and in hand | 54/58 | €65,361 | €123,069 | +€57,708 | +88.3% |
| Deferred charges and accrued income | 490/1 | €4,206 | €4,260 | +€54 | +1.3% |
| Total equity and liabilities | 10/49 | €93,695 | €155,697 | +€62,002 | +66.2% |
| Equity | 10/15 | €59,579 | €123,804 | +€64,225 | +108% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,000 | €121,000 | +€64,000 | +112% |
| Distributable reserves | 133 | €57,000 | €121,000 | +€64,000 | +112% |
| Profit (loss) carried forward | 14 | €79 | €304 | +€225 | +285% |
| Amounts payable | 17/49 | €34,116 | €31,893 | -€2,223 | -6.5% |
| Amounts payable within one year | 42/48 | €34,116 | €31,749 | -€2,367 | -6.9% |
| Trade debts | 44 | €1,356 | €605 | -€751 | -55.4% |
| Suppliers | 440/4 | €1,356 | €605 | -€751 | -55.4% |
| Taxes, remuneration and social security | 45 | €32,760 | €31,144 | -€1,616 | -4.9% |
| Taxes | 450/3 | €32,760 | €31,144 | -€1,616 | -4.9% |
| Accrued charges and deferred income | 492/3 | - | €144 | +€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €1,202 | -€593 | -33.0% |
| Other operating charges | 640/8 | €433 | €596 | +€163 | +37.6% |
| Non-recurring operating charges | 66A | €7,516 | - | -€7,516 | |
| Gross operating margin | 9900 | €93,049 | €94,129 | +€1,080 | +1.2% |
| Operating profit (loss) | 9901 | €83,305 | €92,331 | +€9,026 | +10.8% |
| Financial income | 75/76B | €94 | €356 | +€262 | +279% |
| Recurring financial income | 75 | €94 | €356 | +€262 | +279% |
| Financial charges | 65/66B | €3,348 | €2,394 | -€954 | -28.5% |
| Recurring financial charges | 65 | €3,348 | €2,394 | -€954 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €80,051 | €90,293 | +€10,242 | +12.8% |
| Income taxes | 67/77 | €22,972 | €26,068 | +€3,096 | +13.5% |
| Profit (loss) for the period | 9904 | €57,079 | €64,225 | +€7,146 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,079 | €64,225 | +€7,146 | +12.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.