M-JADE: 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-JADE
Largest movements
- Tangible fixed assets -€6,494
down €6,494 (-56.0%), from €11,594 to €5,101
- Receivables within one year -€2,888
down €2,888 (-81.7%), from €3,535 to €647
of which Trade receivables: -€2,993
- Cash +€2,344
up €2,344 (+812%), from €289 to €2,633
mainly Trade debts (+€10,736) and Depreciation (+€10,319)
- Intangible fixed assets -€625
down €625 (-33.3%), from €1,875 to €1,250
- Deferred charges and accrued income -€461
no longer reported in 2023 (was €461)
- Profit (loss) carried forward -€22,178
down €22,178 (-89.7%), from -€24,732 to -€46,910
- Trade debts +€10,736
up €10,736 (+186%), from €5,763 to €16,499
- Other debts +€3,857
up €3,857 (+17.6%), from €21,873 to €25,730
- Short-term financial debts -€2,774
no longer reported in 2023 (was €2,774)
- Contributions +€1,700
up €1,700 (+13.1%), from €13,000 to €14,700
- Gross operating margin +€13,642
up €13,642 (+308%), from €4,436 to €18,078
- Staff costs +€7,720
up €7,720 (+41.8%), from €18,450 to €26,170
- Depreciation +€1,980
up €1,980 (+23.8%), from €8,338 to €10,319
- Other operating charges +€855
up €855 (+40.8%), from €2,099 to €2,954
- Financial charges +€500
up €500 (+159%), from €315 to €815
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 | €22,709 | €14,288 | -€8,421 | -37.1% |
| Fixed assets | 21/28 | €17,019 | €9,901 | -€7,119 | -41.8% |
| Intangible fixed assets | 21 | €1,875 | €1,250 | -€625 | -33.3% |
| Tangible fixed assets | 22/27 | €11,594 | €5,101 | -€6,494 | -56.0% |
| Furniture and vehicles | 24 | €11,594 | €5,101 | -€6,494 | -56.0% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €5,689 | €4,388 | -€1,302 | -22.9% |
| Stocks and contracts in progress | 3 | €1,405 | €1,108 | -€297 | -21.1% |
| Stocks | 30/36 | €1,405 | €1,108 | -€297 | -21.1% |
| Amounts receivable within one year | 40/41 | €3,535 | €647 | -€2,888 | -81.7% |
| Trade receivables | 40 | €3,535 | €542 | -€2,993 | -84.7% |
| Other amounts receivable | 41 | - | €105 | +€105 | |
| Cash at bank and in hand | 54/58 | €289 | €2,633 | +€2,344 | +812% |
| Deferred charges and accrued income | 490/1 | €461 | - | -€461 | |
| Total equity and liabilities | 10/49 | €22,709 | €14,288 | -€8,421 | -37.1% |
| Equity | 10/15 | -€11,732 | -€32,210 | -€20,478 | -175% |
| Contributions | 10/11 | €13,000 | €14,700 | +€1,700 | +13.1% |
| Capital | 10 | €13,000 | €14,700 | +€1,700 | +13.1% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Uncalled capital | 101 | €7,000 | €5,300 | -€1,700 | -24.3% |
| Profit (loss) carried forward | 14 | -€24,732 | -€46,910 | -€22,178 | -89.7% |
| Amounts payable | 17/49 | €34,441 | €46,498 | +€12,057 | +35.0% |
| Amounts payable within one year | 42/48 | €34,441 | €46,498 | +€12,057 | +35.0% |
| Financial debts | 43 | €2,774 | - | -€2,774 | |
| Credit institutions | 430/8 | €2,774 | - | -€2,774 | |
| Trade debts | 44 | €5,763 | €16,499 | +€10,736 | +186% |
| Suppliers | 440/4 | €5,763 | €16,499 | +€10,736 | +186% |
| Taxes, remuneration and social security | 45 | €4,030 | €4,269 | +€238 | +5.9% |
| Taxes | 450/3 | €474 | €4 | -€469 | -99.1% |
| Remuneration and social security | 454/9 | €3,557 | €4,264 | +€708 | +19.9% |
| Other amounts payable | 47/48 | €21,873 | €25,730 | +€3,857 | +17.6% |
| Remuneration, social security and pensions | 62 | €18,450 | €26,170 | +€7,720 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,338 | €10,319 | +€1,980 | +23.8% |
| Other operating charges | 640/8 | €2,099 | €2,954 | +€855 | +40.8% |
| Gross operating margin | 9900 | €4,436 | €18,078 | +€13,642 | +308% |
| Operating profit (loss) | 9901 | -€24,451 | -€21,365 | +€3,086 | +12.6% |
| Financial income | 75/76B | €34 | €2 | -€32 | -92.8% |
| Recurring financial income | 75 | €34 | €2 | -€32 | -92.8% |
| Financial charges | 65/66B | €315 | €815 | +€500 | +159% |
| Recurring financial charges | 65 | €315 | €815 | +€500 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€24,732 | -€22,178 | +€2,554 | +10.3% |
| Profit (loss) for the period | 9904 | -€24,732 | -€22,178 | +€2,554 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,732 | -€22,178 | +€2,554 | +10.3% |
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 16 October 2026 via checked.be.