M&G: 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&G
Largest movements
- Receivables within one year +€14,017
up €14,017 (+56.4%), from €24,838 to €38,854
of which Trade receivables: +€13,888
- Cash -€13,049
down €13,049 (-91.6%), from €14,238 to €1,189
mainly Tax, wage and social debts (-€34,427) and Receivables within one year (-€14,017)
- Tangible fixed assets -€8,748
down €8,748 (-29.5%), from €29,679 to €20,932
of which Furniture and vehicles: -€8,615
- Deferred charges and accrued income +€798
up €798 (+143.5%), from €556 to €1,354
- Tax, wage and social debts -€34,427
no longer reported in 2024 (was €34,427)
of which Remuneration and social security: -€22,522
- Other debts +€10,463
new in 2024: €10,463
- Profit (loss) carried forward +€10,283
up €10,283 (+82.1%), from €12,526 to €22,809
- Trade debts +€6,698
up €6,698 (+38.6%), from €17,359 to €24,057
- Depreciation +€6,030
up €6,030 (+221.8%), from €2,718 to €8,748
- Gross operating margin +€3,888
up €3,888 (+20.7%), from €18,802 to €22,690
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 | €69,312 | €62,329 | -€6,983 | -10.1% |
| Fixed assets | 21/28 | €29,679 | €20,932 | -€8,748 | -29.5% |
| Tangible fixed assets | 22/27 | €29,679 | €20,932 | -€8,748 | -29.5% |
| Plant, machinery and equipment | 23 | €380 | €247 | -€133 | -35.0% |
| Furniture and vehicles | 24 | €29,300 | €20,684 | -€8,615 | -29.4% |
| Current assets | 29/58 | €39,632 | €41,397 | +€1,765 | +4.5% |
| Amounts receivable within one year | 40/41 | €24,838 | €38,854 | +€14,017 | +56.4% |
| Trade receivables | 40 | €19,838 | €33,725 | +€13,888 | +70.0% |
| Other amounts receivable | 41 | €5,000 | €5,129 | +€129 | +2.6% |
| Cash at bank and in hand | 54/58 | €14,238 | €1,189 | -€13,049 | -91.6% |
| Deferred charges and accrued income | 490/1 | €556 | €1,354 | +€798 | +143.5% |
| Total equity and liabilities | 10/49 | €69,312 | €62,329 | -€6,983 | -10.1% |
| Equity | 10/15 | €17,526 | €27,809 | +€10,283 | +58.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,526 | €22,809 | +€10,283 | +82.1% |
| Amounts payable | 17/49 | €51,786 | €34,520 | -€17,266 | -33.3% |
| Amounts payable within one year | 42/48 | €51,786 | €34,520 | -€17,266 | -33.3% |
| Trade debts | 44 | €17,359 | €24,057 | +€6,698 | +38.6% |
| Suppliers | 440/4 | €17,359 | €24,057 | +€6,698 | +38.6% |
| Taxes, remuneration and social security | 45 | €34,427 | - | -€34,427 | |
| Taxes | 450/3 | €11,905 | - | -€11,905 | |
| Remuneration and social security | 454/9 | €22,522 | - | -€22,522 | |
| Other amounts payable | 47/48 | - | €10,463 | +€10,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,718 | €8,748 | +€6,030 | +221.8% |
| Other operating charges | 640/8 | €3,527 | €3,587 | +€60 | +1.7% |
| Gross operating margin | 9900 | €18,802 | €22,690 | +€3,888 | +20.7% |
| Operating profit (loss) | 9901 | €12,558 | €10,355 | -€2,202 | -17.5% |
| Financial charges | 65/66B | €32 | €72 | +€40 | +127.1% |
| Recurring financial charges | 65 | €32 | €72 | +€40 | +127.1% |
| Profit (loss) for the period before taxes | 9903 | €12,526 | €10,283 | -€2,243 | -17.9% |
| Profit (loss) for the period | 9904 | €12,526 | €10,283 | -€2,243 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,526 | €10,283 | -€2,243 | -17.9% |
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 1 October 2026 via checked.be.