M.Design: 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.
M.Design
Largest movements
- Receivables within one year +€88,521
up €88,521 (+907.5%), from €9,754 to €98,275
- Cash +€31,699
up €31,699 (+169.1%), from €18,751 to €50,450
mainly Net result for the year (+€95,078) and Tax, wage and social debts (+€45,233)
- Tangible fixed assets +€24,602
up €24,602 (+2184.2%), from €1,126 to €25,728
of which Furniture and vehicles: +€24,842
- Reserves +€95,078
up €95,078 (+532.5%), from €17,855 to €112,934
- Tax, wage and social debts +€45,233
up €45,233 (+504.1%), from €8,973 to €54,206
of which Taxes: +€35,975
- Trade debts +€5,014
up €5,014 (+3510.4%), from €143 to €5,157
- Gross operating margin +€135,528
up €135,528 (+587.6%), from €23,065 to €158,593
- Staff costs +€32,454
new in 2024: €32,454
- Taxes +€22,106
up €22,106 (+475.8%), from €4,646 to €26,752
- Depreciation +€3,381
up €3,381 (+4725.1%), from €72 to €3,452
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,971 | €175,297 | +€145,326 | +484.9% |
| Fixed assets | 21/28 | €1,296 | €25,898 | +€24,602 | +1897.8% |
| Tangible fixed assets | 22/27 | €1,126 | €25,728 | +€24,602 | +2184.2% |
| Plant, machinery and equipment | 23 | €1,126 | €887 | -€240 | -21.3% |
| Furniture and vehicles | 24 | - | €24,842 | +€24,842 | |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €28,675 | €149,399 | +€120,724 | +421.0% |
| Amounts receivable within one year | 40/41 | €9,754 | €98,275 | +€88,521 | +907.5% |
| Trade receivables | 40 | €9,754 | €98,275 | +€88,521 | +907.5% |
| Cash at bank and in hand | 54/58 | €18,751 | €50,450 | +€31,699 | +169.1% |
| Deferred charges and accrued income | 490/1 | €170 | €673 | +€503 | +296.2% |
| Total equity and liabilities | 10/49 | €29,971 | €175,297 | +€145,326 | +484.9% |
| Equity | 10/15 | €20,855 | €115,934 | +€95,078 | +455.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €17,855 | €112,934 | +€95,078 | +532.5% |
| Distributable reserves | 133 | €17,855 | €112,934 | +€95,078 | +532.5% |
| Amounts payable | 17/49 | €9,116 | €59,363 | +€50,247 | +551.2% |
| Amounts payable within one year | 42/48 | €9,116 | €59,363 | +€50,247 | +551.2% |
| Trade debts | 44 | €143 | €5,157 | +€5,014 | +3510.4% |
| Suppliers | 440/4 | €143 | €5,157 | +€5,014 | +3510.4% |
| Taxes, remuneration and social security | 45 | €8,973 | €54,206 | +€45,233 | +504.1% |
| Taxes | 450/3 | €8,973 | €44,948 | +€35,975 | +400.9% |
| Remuneration and social security | 454/9 | - | €9,258 | +€9,258 | |
| Remuneration, social security and pensions | 62 | - | €32,454 | +€32,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72 | €3,452 | +€3,381 | +4725.1% |
| Other operating charges | 640/8 | €484 | €800 | +€316 | +65.4% |
| Gross operating margin | 9900 | €23,065 | €158,593 | +€135,528 | +587.6% |
| Operating profit (loss) | 9901 | €22,510 | €121,886 | +€99,376 | +441.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €9 | €59 | +€50 | +577.0% |
| Recurring financial charges | 65 | €9 | €59 | +€50 | +577.0% |
| Profit (loss) for the period before taxes | 9903 | €22,501 | €121,830 | +€99,329 | +441.4% |
| Income taxes | 67/77 | €4,646 | €26,752 | +€22,106 | +475.8% |
| Profit (loss) for the period | 9904 | €17,855 | €95,078 | +€77,223 | +432.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,855 | €95,078 | +€77,223 | +432.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.