M & K S': 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 & K S'
Largest movements
- Receivables within one year -€10,887
down €10,887 (-17.1%), from €63,597 to €52,710
of which Trade receivables: -€9,889
- Tangible fixed assets -€3,904
down €3,904 (-29.4%), from €13,294 to €9,390
- Advances received -€20,900
down €20,900 (-94.4%), from €22,135 to €1,236
- Trade debts +€19,086
up €19,086 (+43.2%), from €44,174 to €63,261
- Profit (loss) carried forward -€12,906
down €12,906 (-3,304%), from -€391 to -€13,296
- Gross operating margin -€13,234
down €13,234, from €5,435 to -€7,799
- Depreciation +€481
up €481 (+13.6%), from €3,548 to €4,030
- Financial charges -€256
down €256 (-38.3%), from €668 to €412
- Other operating charges +€206
up €206 (+45.0%), from €458 to €664
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 | €82,196 | €67,544 | -€14,653 | -17.8% |
| Formation expenses | 20 | €125 | - | -€125 | |
| Fixed assets | 21/28 | €16,774 | €12,870 | -€3,904 | -23.3% |
| Tangible fixed assets | 22/27 | €13,294 | €9,390 | -€3,904 | -29.4% |
| Plant, machinery and equipment | 23 | €13,294 | €9,390 | -€3,904 | -29.4% |
| Financial fixed assets | 28 | €3,480 | €3,480 | = | 0.0% |
| Current assets | 29/58 | €65,297 | €54,674 | -€10,623 | -16.3% |
| Amounts receivable within one year | 40/41 | €63,597 | €52,710 | -€10,887 | -17.1% |
| Trade receivables | 40 | €61,765 | €51,876 | -€9,889 | -16.0% |
| Other amounts receivable | 41 | €1,832 | €834 | -€998 | -54.5% |
| Cash at bank and in hand | 54/58 | €1,700 | €1,963 | +€264 | +15.5% |
| Total equity and liabilities | 10/49 | €82,196 | €67,544 | -€14,653 | -17.8% |
| Equity | 10/15 | €14,609 | €1,704 | -€12,906 | -88.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€391 | -€13,296 | -€12,906 | -3,304% |
| Amounts payable | 17/49 | €67,587 | €65,840 | -€1,747 | -2.6% |
| Amounts payable within one year | 42/48 | €67,587 | €65,840 | -€1,747 | -2.6% |
| Trade debts | 44 | €44,174 | €63,261 | +€19,086 | +43.2% |
| Suppliers | 440/4 | €44,174 | €63,261 | +€19,086 | +43.2% |
| Advances received on contracts in progress | 46 | €22,135 | €1,236 | -€20,900 | -94.4% |
| Other amounts payable | 47/48 | €1,277 | €1,343 | +€66 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,548 | €4,030 | +€481 | +13.6% |
| Other operating charges | 640/8 | €458 | €664 | +€206 | +45.0% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €5,435 | -€7,799 | -€13,234 | |
| Operating profit (loss) | 9901 | €1,428 | -€12,494 | -€13,922 | |
| Financial charges | 65/66B | €668 | €412 | -€256 | -38.3% |
| Recurring financial charges | 65 | €668 | €412 | -€256 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €761 | -€12,906 | -€13,666 | |
| Profit (loss) for the period | 9904 | €761 | -€12,906 | -€13,666 | |
| Profit (loss) for the period to be appropriated | 9905 | €761 | -€12,906 | -€13,666 |
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 14 October 2026 via checked.be.