m&m concept: 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&m concept
Largest movements
- Cash -€40,627
down €40,627 (-98.9%), from €41,068 to €442
mainly Trade debts (-€70,120) and Net result for the year (-€15,086)
- Receivables within one year -€31,664
down €31,664 (-39.3%), from €80,556 to €48,892
- Tangible fixed assets -€11,857
down €11,857 (-12.4%), from €95,365 to €83,508
of which Plant, machinery and equipment: -€9,000
- Trade debts -€70,120
down €70,120 (-83.8%), from €83,712 to €13,592
- Profit (loss) carried forward -€15,086
down €15,086 (-45.7%), from -€33,047 to -€48,134
- Tax, wage and social debts -€5,635
down €5,635 (-78.6%), from €7,166 to €1,531
- Other debts +€4,849
up €4,849 (+3.9%), from €125,852 to €130,701
- Accrued charges and deferred income +€2,430
new in 2023: €2,430
- Gross operating margin -€54,503
down €54,503 (-98.9%), from €55,092 to €589
- Financial charges -€5,607
down €5,607 (-93.5%), from €5,997 to €390
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.
Cash bridge derived
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 | €216,990 | €132,842 | -€84,148 | -38.8% |
| Fixed assets | 21/28 | €95,365 | €83,508 | -€11,857 | -12.4% |
| Tangible fixed assets | 22/27 | €95,365 | €83,508 | -€11,857 | -12.4% |
| Plant, machinery and equipment | 23 | €73,849 | €64,849 | -€9,000 | -12.2% |
| Furniture and vehicles | 24 | €2,944 | €2,269 | -€676 | -22.9% |
| Other tangible fixed assets | 26 | €18,571 | €16,390 | -€2,181 | -11.7% |
| Current assets | 29/58 | €121,625 | €49,334 | -€72,291 | -59.4% |
| Amounts receivable within one year | 40/41 | €80,556 | €48,892 | -€31,664 | -39.3% |
| Trade receivables | 40 | €80,556 | €48,892 | -€31,664 | -39.3% |
| Cash at bank and in hand | 54/58 | €41,068 | €442 | -€40,627 | -98.9% |
| Total equity and liabilities | 10/49 | €216,990 | €132,842 | -€84,148 | -38.8% |
| Equity | 10/15 | -€325 | -€15,412 | -€15,086 | -4641.4% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Capital | 10 | €29,747 | - | -€29,747 | |
| Issued capital | 100 | €29,747 | - | -€29,747 | |
| Reserves | 13 | €2,975 | €2,975 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Legal reserve | 130 | €2,975 | - | -€2,975 | |
| Reserves not available under the articles | 1311 | - | €2,975 | +€2,975 | |
| Profit (loss) carried forward | 14 | -€33,047 | -€48,134 | -€15,086 | -45.7% |
| Amounts payable | 17/49 | €217,315 | €148,253 | -€69,062 | -31.8% |
| Amounts payable within one year | 42/48 | €217,315 | €145,823 | -€71,492 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €585 | - | -€585 | |
| Trade debts | 44 | €83,712 | €13,592 | -€70,120 | -83.8% |
| Suppliers | 440/4 | €83,712 | €13,592 | -€70,120 | -83.8% |
| Taxes, remuneration and social security | 45 | €7,166 | €1,531 | -€5,635 | -78.6% |
| Taxes | 450/3 | €7,166 | €1,531 | -€5,635 | -78.6% |
| Other amounts payable | 47/48 | €125,852 | €130,701 | +€4,849 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €2,430 | +€2,430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,037 | €13,080 | +€43 | +0.3% |
| Other operating charges | 640/8 | €1,328 | €1,845 | +€517 | +39.0% |
| Gross operating margin | 9900 | €55,092 | €589 | -€54,503 | -98.9% |
| Operating profit (loss) | 9901 | €40,727 | -€14,336 | -€55,062 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,997 | €390 | -€5,607 | -93.5% |
| Recurring financial charges | 65 | €5,997 | €390 | -€5,607 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €34,730 | -€14,725 | -€49,454 | |
| Income taxes | 67/77 | €706 | €362 | -€344 | -48.7% |
| Profit (loss) for the period | 9904 | €34,024 | -€15,086 | -€49,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,024 | -€15,086 | -€49,111 |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.