M7 Concept: what changed
M7 Concept
Largest movements
- Receivables within one year +€214,660
up €214,660 (+247%), from €86,818 to €301,478
of which Trade receivables: +€187,626
- Tangible fixed assets +€45,029
new in 2025: €45,029
of which Furniture and vehicles: +€43,877
- Cash +€35,442
up €35,442 (+158%), from €22,414 to €57,856
mainly Trade debts (+€142,582) and Net result for the year (+€82,282)
- Trade debts +€142,582
up €142,582 (+192%), from €74,102 to €216,684
- Profit (loss) carried forward +€82,282
up €82,282 (+355%), from €23,202 to €105,484
- Debts after one year +€34,184
new in 2025: €34,184
- Tax, wage and social debts +€28,613
up €28,613 (+354%), from €8,088 to €36,701
of which Taxes: +€22,013
- Current portion of long-term debt +€9,311
new in 2025: €9,311
- Gross operating margin +€89,005
up €89,005 (+327%), from €27,212 to €116,217
- Taxes +€19,012
up €19,012 (+519%), from €3,664 to €22,676
- Depreciation +€7,198
new in 2025: €7,198
- Financial charges +€2,794
up €2,794 (+14,883%), from €19 to €2,812
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,232 | €404,363 | +€295,131 | +270% |
| Fixed assets | 21/28 | - | €45,029 | +€45,029 | |
| Tangible fixed assets | 22/27 | - | €45,029 | +€45,029 | |
| Plant, machinery and equipment | 23 | - | €1,151 | +€1,151 | |
| Furniture and vehicles | 24 | - | €43,877 | +€43,877 | |
| Current assets | 29/58 | €109,232 | €359,334 | +€250,102 | +229% |
| Amounts receivable within one year | 40/41 | €86,818 | €301,478 | +€214,660 | +247% |
| Trade receivables | 40 | €79,638 | €267,264 | +€187,626 | +236% |
| Other amounts receivable | 41 | €7,180 | €34,214 | +€27,034 | +377% |
| Cash at bank and in hand | 54/58 | €22,414 | €57,856 | +€35,442 | +158% |
| Total equity and liabilities | 10/49 | €109,232 | €404,363 | +€295,131 | +270% |
| Equity | 10/15 | €25,202 | €107,484 | +€82,282 | +326% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,202 | €105,484 | +€82,282 | +355% |
| Amounts payable | 17/49 | €84,031 | €296,879 | +€212,849 | +253% |
| Amounts payable after more than one year | 17 | - | €34,184 | +€34,184 | |
| Financial debts | 170/4 | - | €34,184 | +€34,184 | |
| Amounts payable within one year | 42/48 | €84,031 | €262,696 | +€178,665 | +213% |
| Current portion of amounts payable after more than one year | 42 | - | €9,311 | +€9,311 | |
| Trade debts | 44 | €74,102 | €216,684 | +€142,582 | +192% |
| Suppliers | 440/4 | €74,102 | €216,684 | +€142,582 | +192% |
| Taxes, remuneration and social security | 45 | €8,088 | €36,701 | +€28,613 | +354% |
| Taxes | 450/3 | €4,634 | €26,646 | +€22,013 | +475% |
| Remuneration and social security | 454/9 | €3,455 | €10,054 | +€6,600 | +191% |
| Other amounts payable | 47/48 | €1,840 | - | -€1,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,198 | +€7,198 | |
| Other operating charges | 640/8 | €405 | €1,276 | +€871 | +215% |
| Gross operating margin | 9900 | €27,212 | €116,217 | +€89,005 | +327% |
| Operating profit (loss) | 9901 | €26,807 | €107,742 | +€80,936 | +302% |
| Financial income | 75/76B | €78 | €28 | -€50 | -64.3% |
| Recurring financial income | 75 | €78 | €28 | -€50 | -64.3% |
| Financial charges | 65/66B | €19 | €2,812 | +€2,794 | +14,883% |
| Recurring financial charges | 65 | €19 | €2,812 | +€2,794 | +14,883% |
| Profit (loss) for the period before taxes | 9903 | €26,866 | €104,958 | +€78,092 | +291% |
| Income taxes | 67/77 | €3,664 | €22,676 | +€19,012 | +519% |
| Profit (loss) for the period | 9904 | €23,202 | €82,282 | +€59,080 | +255% |
| Profit (loss) for the period to be appropriated | 9905 | €23,202 | €82,282 | +€59,080 | +255% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.