M FOR STYLE DRIVING: 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 FOR STYLE DRIVING
Largest movements
- Receivables within one year +€18,723
up €18,723 (+55.0%), from €34,039 to €52,762
of which Other amounts receivable: +€39,263
- Tangible fixed assets -€12,966
down €12,966 (-23.9%), from €54,294 to €41,328
- Cash -€3,662
down €3,662 (-82.3%), from €4,451 to €790
mainly Receivables within one year (-€18,723) and Debts after one year (-€13,683)
- Reserves +€19,097
up €19,097 (+74.0%), from €25,804 to €44,901
- Debts after one year -€13,683
down €13,683 (-48.6%), from €28,154 to €14,471
- Tax, wage and social debts -€4,386
down €4,386 (-30.0%), from €14,602 to €10,216
- Current portion of long-term debt +€1,568
up €1,568 (+12.0%), from €13,112 to €14,680
- Gross operating margin +€11,395
up €11,395 (+35.6%), from €32,027 to €43,422
- Taxes -€7,794
down €7,794 (-73.5%), from €10,611 to €2,817
- Financial charges +€2,668
up €2,668 (+108%), from €2,474 to €5,142
- Other operating charges -€2,575
down €2,575 (-45.5%), from €5,658 to €3,083
- Depreciation +€1,457
up €1,457 (+12.3%), from €11,856 to €13,313
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 | €92,785 | €95,001 | +€2,217 | +2.4% |
| Fixed assets | 21/28 | €54,294 | €41,328 | -€12,966 | -23.9% |
| Tangible fixed assets | 22/27 | €54,294 | €41,328 | -€12,966 | -23.9% |
| Furniture and vehicles | 24 | €54,294 | €41,328 | -€12,966 | -23.9% |
| Current assets | 29/58 | €38,491 | €53,673 | +€15,182 | +39.4% |
| Amounts receivable within one year | 40/41 | €34,039 | €52,762 | +€18,723 | +55.0% |
| Trade receivables | 40 | €33,987 | €13,446 | -€20,541 | -60.4% |
| Other amounts receivable | 41 | €52 | €39,316 | +€39,263 | +75,116% |
| Cash at bank and in hand | 54/58 | €4,451 | €790 | -€3,662 | -82.3% |
| Deferred charges and accrued income | 490/1 | - | €121 | +€121 | |
| Total equity and liabilities | 10/49 | €92,785 | €95,001 | +€2,217 | +2.4% |
| Equity | 10/15 | €30,804 | €49,901 | +€19,097 | +62.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,804 | €44,901 | +€19,097 | +74.0% |
| Distributable reserves | 133 | €25,804 | €44,901 | +€19,097 | +74.0% |
| Amounts payable | 17/49 | €61,981 | €45,100 | -€16,881 | -27.2% |
| Amounts payable after more than one year | 17 | €28,154 | €14,471 | -€13,683 | -48.6% |
| Financial debts | 170/4 | €28,154 | €14,471 | -€13,683 | -48.6% |
| Amounts payable within one year | 42/48 | €33,827 | €30,630 | -€3,198 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €13,112 | €14,680 | +€1,568 | +12.0% |
| Trade debts | 44 | €5,982 | €5,734 | -€248 | -4.1% |
| Suppliers | 440/4 | €5,982 | €5,734 | -€248 | -4.1% |
| Taxes, remuneration and social security | 45 | €14,602 | €10,216 | -€4,386 | -30.0% |
| Taxes | 450/3 | €14,602 | €10,216 | -€4,386 | -30.0% |
| Other amounts payable | 47/48 | €132 | - | -€132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,856 | €13,313 | +€1,457 | +12.3% |
| Other operating charges | 640/8 | €5,658 | €3,083 | -€2,575 | -45.5% |
| Gross operating margin | 9900 | €32,027 | €43,422 | +€11,395 | +35.6% |
| Operating profit (loss) | 9901 | €14,513 | €27,026 | +€12,513 | +86.2% |
| Financial income | 75/76B | €63 | €30 | -€33 | -52.4% |
| Recurring financial income | 75 | €63 | €30 | -€33 | -52.4% |
| Financial charges | 65/66B | €2,474 | €5,142 | +€2,668 | +108% |
| Recurring financial charges | 65 | €2,474 | €5,142 | +€2,668 | +108% |
| Profit (loss) for the period before taxes | 9903 | €12,102 | €21,914 | +€9,812 | +81.1% |
| Income taxes | 67/77 | €10,611 | €2,817 | -€7,794 | -73.5% |
| Profit (loss) for the period | 9904 | €1,491 | €19,097 | +€17,606 | +1,181% |
| Profit (loss) for the period to be appropriated | 9905 | €1,491 | €19,097 | +€17,606 | +1,181% |
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 29 October 2026 via checked.be.