M. CORPORATION: what changed
What changed
M. CORPORATION
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€6.5m
2023 · €8,796+€6.5m
Equity
€7.3m
2023 · €777,090+€6.5m
Cash
-
not filed
Balance sheet total
€13.0m
2023 · €4.8m+€8.2m
Largest movements
Assets
- Financial fixed assets +€6.8m
up €6.8m (+198%), from €3.4m to €10.2m
- Receivables within one year +€1.4m
up €1.4m (+106%), from €1.4m to €2.8m
of which Other amounts receivable: +€1.1m
Equity and liabilities
- Profit (loss) carried forward +€6.5m
up €6.5m (+869%), from €749,590 to €7.3m
- Other debts +€1.8m
up €1.8m (+82.7%), from €2.1m to €3.9m
Income statement
- Financial income +€6.3m
up €6.3m (+1,136%), from €558,801 to €6.9m
of which Non-recurring financial income: +€6.9m
- Gross operating margin +€126,208
up €126,208 (+69.6%), from -€181,259 to -€55,052
- Other operating charges -€57,370
no longer reported in 2024 (was €57,370)
- Financial charges +€30,204
up €30,204 (+10.0%), from €300,724 to €330,928
- Depreciation -€6,197
down €6,197 (-58.2%), from €10,652 to €4,455
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€8,796
Gross operating margin
+€126,208
Depreciation
+€6,197
Other operating charges
+€57,370
Financial income
+€6.3m
Financial charges
-€30,204
Result 2024
€6.5m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,842,290 | €13,030,769 | +€8.2m | +169% |
| Fixed assets | 21/28 | €3,443,039 | €10,237,710 | +€6.8m | +197% |
| Tangible fixed assets | 22/27 | €13,678 | €13,965 | +€287 | +2.1% |
| Plant, machinery and equipment | 23 | €13,678 | €13,965 | +€287 | +2.1% |
| Financial fixed assets | 28 | €3,429,361 | €10,223,745 | +€6.8m | +198% |
| Current assets | 29/58 | €1,399,251 | €2,793,059 | +€1.4m | +99.6% |
| Amounts receivable within one year | 40/41 | €1,356,429 | €2,789,629 | +€1.4m | +106% |
| Trade receivables | 40 | €180,223 | €502,145 | +€321,922 | +179% |
| Other amounts receivable | 41 | €1,176,205 | €2,287,484 | +€1.1m | +94.5% |
| Current investments | 50/53 | €42,822 | €3,429 | -€39,393 | -92.0% |
| Total equity and liabilities | 10/49 | €4,842,290 | €13,030,769 | +€8.2m | +169% |
| Equity | 10/15 | €777,090 | €7,293,996 | +€6.5m | +839% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | €25,000 | = | 0.0% |
| Other | 1109/19 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €3,178 | +€3,178 | |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €749,590 | €7,263,318 | +€6.5m | +869% |
| Amounts payable | 17/49 | €4,065,201 | €5,736,773 | +€1.7m | +41.1% |
| Amounts payable after more than one year | 17 | €1,753,661 | €1,731,681 | -€21,980 | -1.3% |
| Financial debts | 170/4 | €1,753,661 | €1,731,681 | -€21,980 | -1.3% |
| Amounts payable within one year | 42/48 | €2,236,540 | €4,005,092 | +€1.8m | +79.1% |
| Current portion of amounts payable after more than one year | 42 | - | €22,000 | +€22,000 | |
| Trade debts | 44 | €39,803 | - | -€39,803 | |
| Suppliers | 440/4 | €39,803 | - | -€39,803 | |
| Advances received on contracts in progress | 46 | €5,804 | - | -€5,804 | |
| Taxes, remuneration and social security | 45 | €50,150 | €72,707 | +€22,557 | +45.0% |
| Taxes | 450/3 | €50,150 | €72,707 | +€22,557 | +45.0% |
| Other amounts payable | 47/48 | €2,140,782 | €3,910,384 | +€1.8m | +82.7% |
| Accrued charges and deferred income | 492/3 | €75,000 | - | -€75,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,652 | €4,455 | -€6,197 | -58.2% |
| Other operating charges | 640/8 | €57,370 | - | -€57,370 | |
| Gross operating margin | 9900 | -€181,259 | -€55,052 | +€126,208 | +69.6% |
| Operating profit (loss) | 9901 | -€249,281 | -€59,507 | +€189,774 | +76.1% |
| Financial income | 75/76B | €558,801 | €6,906,413 | +€6.3m | +1,136% |
| Recurring financial income | 75 | €558,801 | €26,530 | -€532,271 | -95.3% |
| Non-recurring financial income | 76B | - | €6,879,883 | +€6.9m | |
| Financial charges | 65/66B | €300,724 | €330,928 | +€30,204 | +10.0% |
| Recurring financial charges | 65 | €300,724 | €330,928 | +€30,204 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €8,796 | €6,515,979 | +€6.5m | +73,983% |
| Profit (loss) for the period | 9904 | €8,796 | €6,515,979 | +€6.5m | +73,983% |
| Profit (loss) for the period to be appropriated | 9905 | €8,796 | €6,515,979 | +€6.5m | +73,983% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.