M INTERNATIONAL: 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 INTERNATIONAL
Largest movements
- Cash +€36,265
up €36,265 (+50,368%), from €72 to €36,337
mainly Debts after one year (+€39,582) and Debts within one year (+€7,371)
- Stocks and contracts +€10,503
up €10,503 (+41.0%), from €25,599 to €36,102
- Receivables within one year -€6,950
down €6,950 (-44.6%), from €15,574 to €8,624
- Tangible fixed assets +€4,193
up €4,193 (+495%), from €848 to €5,041
- Debts after one year +€39,582
new in 2016: €39,582
- Debts within one year +€7,371
up €7,371 (+8.8%), from €83,944 to €91,315
- Profit (loss) carried forward -€2,941
down €2,941 (-3.9%), from -€75,856 to -€78,797
- Taxes +€12,000
new in 2016: €12,000
- Gross operating margin +€5,918
up €5,918 (+40.5%), from €14,608 to €20,526
- Depreciation +€2,126
up €2,126 (+350%), from €607 to €2,733
From the 2015 result to the 2016 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 2015 and 2016 balance sheets and the 2016 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2015 | 2016 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,093 | €94,104 | +€44,012 | +87.9% |
| Fixed assets | 21/28 | €8,848 | €13,041 | +€4,193 | +47.4% |
| Tangible fixed assets | 22/27 | €848 | €5,041 | +€4,193 | +495% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €41,245 | €81,063 | +€39,818 | +96.5% |
| Stocks and contracts in progress | 3 | €25,599 | €36,102 | +€10,503 | +41.0% |
| Amounts receivable within one year | 40/41 | €15,574 | €8,624 | -€6,950 | -44.6% |
| Cash at bank and in hand | 54/58 | €72 | €36,337 | +€36,265 | +50,368% |
| Total equity and liabilities | 10/49 | €50,093 | €94,104 | +€44,012 | +87.9% |
| Equity | 10/15 | -€33,851 | -€36,792 | -€2,941 | -8.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,404 | €23,404 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,856 | -€78,797 | -€2,941 | -3.9% |
| Amounts payable | 17/49 | €83,944 | €130,896 | +€46,953 | +55.9% |
| Amounts payable after more than one year | 17 | - | €39,582 | +€39,582 | |
| Amounts payable within one year | 42/48 | €83,944 | €91,315 | +€7,371 | +8.8% |
| Trade debts | 44 | €2,243 | €22,709 | +€20,465 | +912% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €2,733 | +€2,126 | +350% |
| Gross operating margin | 9900 | €14,608 | €20,526 | +€5,918 | +40.5% |
| Operating profit (loss) | 9901 | €7,968 | €10,937 | +€2,968 | +37.3% |
| Recurring financial income | 75 | €32 | €2,067 | +€2,035 | +6,378% |
| Recurring financial charges | 65 | €5,052 | €3,945 | -€1,108 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €2,948 | €9,059 | +€6,111 | +207% |
| Income taxes | 67/77 | - | €12,000 | +€12,000 | |
| Profit (loss) for the period | 9904 | €2,948 | -€2,941 | -€5,889 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,948 | -€2,941 | -€5,889 |
Source: filed annual accounts (NBB), financial years ended 30 June 2015 and 30 June 2016. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.