M-DESK: 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-DESK
Largest movements
- Cash +€10,367
up €10,367 (+26,609%), from €39 to €10,406
mainly Net result for the year (+€27,745) and Receivables within one year (+€5,815)
- Receivables within one year -€5,815
down €5,815 (-13.5%), from €43,017 to €37,202
of which Trade receivables: -€14,355
- Tangible fixed assets +€3,237
up €3,237 (+612%), from €529 to €3,766
of which Plant, machinery and equipment: +€1,941
- Deferred charges and accrued income +€701
up €701 (+21.1%), from €3,320 to €4,021
- Profit (loss) carried forward +€23,039
no longer reported in 2024 (was -€23,039)
- Trade debts -€9,632
down €9,632 (-82.5%), from €11,670 to €2,038
- Short-term financial debts -€4,711
no longer reported in 2024 (was €4,711)
- Reserves +€4,706
up €4,706 (+672%), from €700 to €5,406
- Tax, wage and social debts -€4,331
down €4,331 (-9.3%), from €46,373 to €42,042
of which Remuneration and social security: -€9,575
- Gross operating margin +€52,994
up €52,994 (+92.5%), from €57,311 to €110,305
- Taxes +€5,174
up €5,174 (+3,147%), from €164 to €5,338
- Financial charges +€3,919
up €3,919 (+102%), from €3,831 to €7,751
- Staff costs -€2,888
down €2,888 (-4.0%), from €71,676 to €68,789
- Other operating charges -€2,695
down €2,695 (-81.8%), from €3,293 to €598
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.
Derived cash bridge
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 | €49,544 | €58,034 | +€8,490 | +17.1% |
| Fixed assets | 21/28 | €3,169 | €6,406 | +€3,237 | +102% |
| Tangible fixed assets | 22/27 | €529 | €3,766 | +€3,237 | +612% |
| Plant, machinery and equipment | 23 | - | €1,941 | +€1,941 | |
| Furniture and vehicles | 24 | €529 | €1,825 | +€1,296 | +245% |
| Financial fixed assets | 28 | €2,640 | €2,640 | = | 0.0% |
| Current assets | 29/58 | €46,375 | €51,629 | +€5,253 | +11.3% |
| Amounts receivable within one year | 40/41 | €43,017 | €37,202 | -€5,815 | -13.5% |
| Trade receivables | 40 | €36,467 | €22,112 | -€14,355 | -39.4% |
| Other amounts receivable | 41 | €6,550 | €15,090 | +€8,540 | +130% |
| Cash at bank and in hand | 54/58 | €39 | €10,406 | +€10,367 | +26,609% |
| Deferred charges and accrued income | 490/1 | €3,320 | €4,021 | +€701 | +21.1% |
| Total equity and liabilities | 10/49 | €49,544 | €58,034 | +€8,490 | +17.1% |
| Equity | 10/15 | -€19,338 | €8,406 | +€27,745 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €700 | €5,406 | +€4,706 | +672% |
| Distributable reserves | 133 | €700 | €5,406 | +€4,706 | +672% |
| Profit (loss) carried forward | 14 | -€23,039 | - | +€23,039 | |
| Amounts payable | 17/49 | €68,882 | €49,628 | -€19,254 | -28.0% |
| Amounts payable within one year | 42/48 | €68,882 | €49,628 | -€19,254 | -28.0% |
| Financial debts | 43 | €4,711 | - | -€4,711 | |
| Credit institutions | 430/8 | €4,711 | - | -€4,711 | |
| Trade debts | 44 | €11,670 | €2,038 | -€9,632 | -82.5% |
| Suppliers | 440/4 | €11,670 | €2,038 | -€9,632 | -82.5% |
| Advances received on contracts in progress | 46 | €566 | - | -€566 | |
| Taxes, remuneration and social security | 45 | €46,373 | €42,042 | -€4,331 | -9.3% |
| Taxes | 450/3 | €27,603 | €32,847 | +€5,244 | +19.0% |
| Remuneration and social security | 454/9 | €18,770 | €9,195 | -€9,575 | -51.0% |
| Other amounts payable | 47/48 | €5,562 | €5,548 | -€14 | -0.3% |
| Remuneration, social security and pensions | 62 | €71,676 | €68,789 | -€2,888 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160 | €796 | +€636 | +397% |
| Other operating charges | 640/8 | €3,293 | €598 | -€2,695 | -81.8% |
| Gross operating margin | 9900 | €57,311 | €110,305 | +€52,994 | +92.5% |
| Operating profit (loss) | 9901 | -€17,819 | €40,122 | +€57,941 | |
| Financial income | 75/76B | €309 | €711 | +€402 | +130% |
| Recurring financial income | 75 | €309 | €711 | +€402 | +130% |
| Financial charges | 65/66B | €3,831 | €7,751 | +€3,919 | +102% |
| Recurring financial charges | 65 | €3,831 | €7,751 | +€3,919 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€21,341 | €33,083 | +€54,424 | |
| Income taxes | 67/77 | €164 | €5,338 | +€5,174 | +3,147% |
| Profit (loss) for the period | 9904 | -€21,506 | €27,745 | +€49,250 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,506 | €27,745 | +€49,250 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.