M & C PROJECT: 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.
M & C PROJECT
Largest movements
- Receivables within one year +€55,327
up €55,327 (+735.7%), from €7,520 to €62,847
of which Trade receivables: +€52,105
- Cash -€4,811
down €4,811 (-77.8%), from €6,182 to €1,371
mainly Receivables within one year (-€55,327) and Contributions, distributions and other (-€36,000)
- Profit (loss) carried forward +€28,537
up €28,537, from -€6,098 to €22,440
- Tax, wage and social debts +€7,864
up €7,864 (+418.8%), from €1,878 to €9,742
of which Taxes: +€9,202
- Other debts +€6,806
new in 2021: €6,806
- Trade debts +€6,654
new in 2021: €6,654
- Gross operating margin +€80,443
up €80,443, from -€5,714 to €74,729
- Purchases and services -€31,585
no longer reported in 2021 (was €31,585)
- Turnover -€25,872
no longer reported in 2021 (was €25,872)
- Taxes +€9,165
new in 2021: €9,165
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,240 | €66,101 | +€49,861 | +307.0% |
| Formation expenses | 20 | €98 | €0 | -€98 | -100.0% |
| Fixed assets | 21/28 | €2,440 | €1,883 | -€558 | -22.8% |
| Tangible fixed assets | 22/27 | €2,230 | €1,673 | -€558 | -25.0% |
| Furniture and vehicles | 24 | €2,230 | €1,673 | -€558 | -25.0% |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €13,702 | €64,218 | +€50,516 | +368.7% |
| Amounts receivable within one year | 40/41 | €7,520 | €62,847 | +€55,327 | +735.7% |
| Trade receivables | 40 | €2,677 | €54,782 | +€52,105 | +1946.3% |
| Other amounts receivable | 41 | €4,843 | €8,066 | +€3,223 | +66.5% |
| Cash at bank and in hand | 54/58 | €6,182 | €1,371 | -€4,811 | -77.8% |
| Total equity and liabilities | 10/49 | €16,240 | €66,101 | +€49,861 | +307.0% |
| Equity | 10/15 | €14,362 | €42,900 | +€28,537 | +198.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€6,098 | €22,440 | +€28,537 | |
| Amounts payable | 17/49 | €1,878 | €23,201 | +€21,323 | +1135.5% |
| Amounts payable within one year | 42/48 | €1,878 | €23,201 | +€21,323 | +1135.5% |
| Trade debts | 44 | - | €6,654 | +€6,654 | |
| Suppliers | 440/4 | - | €6,654 | +€6,654 | |
| Taxes, remuneration and social security | 45 | €1,878 | €9,742 | +€7,864 | +418.8% |
| Taxes | 450/3 | €539 | €9,742 | +€9,202 | +1706.5% |
| Remuneration and social security | 454/9 | €1,339 | - | -€1,339 | |
| Other amounts payable | 47/48 | - | €6,806 | +€6,806 | |
| Turnover | 70 | €25,872 | - | -€25,872 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,585 | - | -€31,585 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €501 | €655 | +€154 | +30.7% |
| Other operating charges | 640/8 | €15 | €128 | +€113 | +750.1% |
| Gross operating margin | 9900 | -€5,714 | €74,729 | +€80,443 | |
| Operating profit (loss) | 9901 | -€6,230 | €73,946 | +€80,176 | |
| Financial charges | 65/66B | €18 | €244 | +€226 | +1273.9% |
| Recurring financial charges | 65 | €18 | €244 | +€226 | +1273.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,248 | €73,703 | +€79,951 | |
| Income taxes | 67/77 | - | €9,165 | +€9,165 | |
| Profit (loss) for the period | 9904 | -€6,248 | €64,537 | +€70,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,248 | €64,537 | +€70,785 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.