M-ES: 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-ES
Largest movements
- Receivables within one year +€28,761
up €28,761 (+501.6%), from €5,734 to €34,495
of which Other amounts receivable: +€25,924
- Tangible fixed assets +€2,333
up €2,333 (+50.0%), from €4,667 to €7,000
- Profit (loss) carried forward +€29,023
up €29,023 (+428.6%), from €6,772 to €35,795
- Trade debts +€1,496
up €1,496 (+389.3%), from €384 to €1,881
- Tax, wage and social debts +€791
up €791 (+36.6%), from €2,163 to €2,954
- Turnover +€64,305
up €64,305 (+553.8%), from €11,612 to €75,917
- Purchases and services +€36,535
up €36,535 (+1463.1%), from €2,497 to €39,032
- Gross operating margin +€27,770
up €27,770 (+304.7%), from €9,115 to €36,885
- Other operating charges +€2,392
new in 2024: €2,392
- Taxes +€1,769
new in 2024: €1,769
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 | €10,440 | €41,630 | +€31,191 | +298.8% |
| Fixed assets | 21/28 | €4,667 | €7,135 | +€2,468 | +52.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €4,667 | €7,000 | +€2,333 | +50.0% |
| Furniture and vehicles | 24 | €4,667 | €7,000 | +€2,333 | +50.0% |
| Financial fixed assets | 28 | - | €135 | +€135 | |
| Current assets | 29/58 | €5,773 | €34,495 | +€28,723 | +497.6% |
| Amounts receivable within one year | 40/41 | €5,734 | €34,495 | +€28,761 | +501.6% |
| Trade receivables | 40 | €5,734 | €8,571 | +€2,837 | +49.5% |
| Other amounts receivable | 41 | - | €25,924 | +€25,924 | |
| Cash at bank and in hand | 54/58 | €39 | - | -€39 | |
| Total equity and liabilities | 10/49 | €10,440 | €41,630 | +€31,191 | +298.8% |
| Equity | 10/15 | €7,772 | €36,795 | +€29,023 | +373.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | €1,000 | = | 0.0% |
| Issued capital | 100 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,772 | €35,795 | +€29,023 | +428.6% |
| Amounts payable | 17/49 | €2,668 | €4,836 | +€2,168 | +81.3% |
| Amounts payable within one year | 42/48 | €2,668 | €4,836 | +€2,168 | +81.3% |
| Trade debts | 44 | €384 | €1,881 | +€1,496 | +389.3% |
| Suppliers | 440/4 | €384 | €1,881 | +€1,496 | +389.3% |
| Taxes, remuneration and social security | 45 | €2,163 | €2,954 | +€791 | +36.6% |
| Taxes | 450/3 | €2,163 | €2,954 | +€791 | +36.6% |
| Other amounts payable | 47/48 | €120 | €1 | -€119 | -99.1% |
| Turnover | 70 | €11,612 | €75,917 | +€64,305 | +553.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,497 | €39,032 | +€36,535 | +1463.1% |
| Remuneration, social security and pensions | 62 | €0 | €72 | +€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,333 | €3,500 | +€1,167 | +50.0% |
| Other operating charges | 640/8 | - | €2,392 | +€2,392 | |
| Gross operating margin | 9900 | €9,115 | €36,885 | +€27,770 | +304.7% |
| Operating profit (loss) | 9901 | €6,782 | €30,921 | +€24,139 | +355.9% |
| Financial charges | 65/66B | €10 | €129 | +€119 | +1172.8% |
| Recurring financial charges | 65 | €10 | €129 | +€119 | +1172.8% |
| Profit (loss) for the period before taxes | 9903 | €6,772 | €30,792 | +€24,020 | +354.7% |
| Income taxes | 67/77 | - | €1,769 | +€1,769 | |
| Profit (loss) for the period | 9904 | €6,772 | €29,023 | +€22,251 | +328.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,772 | €29,023 | +€22,251 | +328.6% |
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.