M-G SERVICES: 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-G SERVICES
Largest movements
- Receivables within one year +€39,706
up €39,706 (+1,244%), from €3,191 to €42,897
of which Trade receivables: +€36,050
- Cash +€30,433
up €30,433 (+367%), from €8,287 to €38,720
mainly Trade debts (+€30,886) and Debts after one year (+€21,243)
- Tangible fixed assets +€9,329
up €9,329 (+18.8%), from €49,709 to €59,039
- Trade debts +€30,886
up €30,886 (+2,084%), from €1,482 to €32,368
- Debts after one year +€21,243
new in 2023: €21,243
- Profit (loss) carried forward +€20,087
up €20,087 (+62.4%), from €32,191 to €52,278
- Tax, wage and social debts +€7,253
up €7,253 (+79.6%), from €9,109 to €16,362
of which Taxes: +€6,899
- Other operating charges +€9,718
up €9,718 (+63.1%), from €15,394 to €25,111
- Taxes +€6,696
new in 2023: €6,696
- Staff costs +€4,159
new in 2023: €4,159
- Gross operating margin -€2,078
down €2,078 (-2.7%), from €76,448 to €74,370
- Depreciation -€1,334
down €1,334 (-6.9%), from €19,376 to €18,042
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,382 | €140,850 | +€79,468 | +129% |
| Fixed assets | 21/28 | €49,904 | €59,234 | +€9,329 | +18.7% |
| Tangible fixed assets | 22/27 | €49,709 | €59,039 | +€9,329 | +18.8% |
| Furniture and vehicles | 24 | €49,709 | €59,039 | +€9,329 | +18.8% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €11,477 | €81,617 | +€70,139 | +611% |
| Amounts receivable within one year | 40/41 | €3,191 | €42,897 | +€39,706 | +1,244% |
| Trade receivables | 40 | €450 | €36,500 | +€36,050 | +8,011% |
| Other amounts receivable | 41 | €2,741 | €6,397 | +€3,656 | +133% |
| Cash at bank and in hand | 54/58 | €8,287 | €38,720 | +€30,433 | +367% |
| Total equity and liabilities | 10/49 | €61,382 | €140,850 | +€79,468 | +129% |
| Equity | 10/15 | €50,791 | €70,878 | +€20,087 | +39.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,191 | €52,278 | +€20,087 | +62.4% |
| Amounts payable | 17/49 | €10,591 | €69,972 | +€59,382 | +561% |
| Amounts payable after more than one year | 17 | - | €21,243 | +€21,243 | |
| Financial debts | 170/4 | - | €21,243 | +€21,243 | |
| Amounts payable within one year | 42/48 | €10,591 | €48,730 | +€38,139 | +360% |
| Trade debts | 44 | €1,482 | €32,368 | +€30,886 | +2,084% |
| Suppliers | 440/4 | €1,482 | €32,368 | +€30,886 | +2,084% |
| Taxes, remuneration and social security | 45 | €9,109 | €16,362 | +€7,253 | +79.6% |
| Taxes | 450/3 | €8,334 | €15,233 | +€6,899 | +82.8% |
| Remuneration and social security | 454/9 | €775 | €1,129 | +€354 | +45.7% |
| Remuneration, social security and pensions | 62 | - | €4,159 | +€4,159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,376 | €18,042 | -€1,334 | -6.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €5 | +€5 | |
| Other operating charges | 640/8 | €15,394 | €25,111 | +€9,718 | +63.1% |
| Gross operating margin | 9900 | €76,448 | €74,370 | -€2,078 | -2.7% |
| Operating profit (loss) | 9901 | €41,678 | €27,053 | -€14,626 | -35.1% |
| Financial charges | 65/66B | €203 | €270 | +€67 | +33.1% |
| Recurring financial charges | 65 | €203 | €270 | +€67 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | €41,475 | €26,783 | -€14,693 | -35.4% |
| Income taxes | 67/77 | - | €6,696 | +€6,696 | |
| Profit (loss) for the period | 9904 | €41,475 | €20,087 | -€21,388 | -51.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,475 | €20,087 | -€21,388 | -51.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.