M & M GOVAERTS: what changed
What changed
M & M GOVAERTS
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€10,824
2023 · -€21,126+€10,302
Equity
€922,296
2023 · €933,120-€10,824
Cash
€817
2023 · €3,112-€2,295
Balance sheet total
€1.1m
2023 · €1.1m-€11,237
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€9,724
up €9,724 (+82.7%), from -€11,756 to -€2,032
- Depreciation -€692
down €692 (-14.1%), from €4,909 to €4,217
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€21,126
Gross operating margin
+€9,724
Depreciation
+€692
Other operating charges
-€47
Financial charges
-€67
Result 2024
-€10,824
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2,295
Investment
€0
Financing
€0
Cash 2023
€3,112
From operations (derived)
-€2,295
Net result for the year
-€10,824
Depreciation
+€4,217
Receivables within one year
+€5,913
Deferred charges and accrued income
-€1,188
Trade debts
-€222
Tax, wage and social debts
-€240
Advances received
+€49
Cash 2024
€817
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,149,761 | €1,138,525 | -€11,237 | -1.0% |
| Fixed assets | 21/28 | €76,485 | €72,268 | -€4,217 | -5.5% |
| Tangible fixed assets | 22/27 | €71,814 | €67,597 | -€4,217 | -5.9% |
| Land and buildings | 22 | €1,524 | €1,524 | = | 0.0% |
| Plant, machinery and equipment | 23 | €70,290 | €66,073 | -€4,217 | -6.0% |
| Financial fixed assets | 28 | €4,671 | €4,671 | = | 0.0% |
| Current assets | 29/58 | €1,073,276 | €1,066,256 | -€7,020 | -0.7% |
| Amounts receivable within one year | 40/41 | €1,070,164 | €1,064,251 | -€5,913 | -0.6% |
| Trade receivables | 40 | €231,030 | €231,030 | = | 0.0% |
| Other amounts receivable | 41 | €839,134 | €833,221 | -€5,913 | -0.7% |
| Cash at bank and in hand | 54/58 | €3,112 | €817 | -€2,295 | -73.7% |
| Deferred charges and accrued income | 490/1 | - | €1,188 | +€1,188 | |
| Total equity and liabilities | 10/49 | €1,149,761 | €1,138,525 | -€11,237 | -1.0% |
| Equity | 10/15 | €933,120 | €922,296 | -€10,824 | -1.2% |
| Contributions | 10/11 | €566,621 | €566,621 | = | 0.0% |
| Capital | 10 | €566,621 | €566,621 | = | 0.0% |
| Issued capital | 100 | €566,621 | €566,621 | = | 0.0% |
| Revaluation surpluses | 12 | €434 | €434 | = | 0.0% |
| Reserves | 13 | €486,398 | €486,398 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,462 | €4,462 | = | 0.0% |
| Legal reserve | 130 | €4,462 | €4,462 | = | 0.0% |
| Distributable reserves | 133 | €481,936 | €481,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,333 | -€131,157 | -€10,824 | -9.0% |
| Amounts payable | 17/49 | €216,641 | €216,228 | -€413 | -0.2% |
| Amounts payable within one year | 42/48 | €216,641 | €216,228 | -€413 | -0.2% |
| Trade debts | 44 | €215,849 | €215,627 | -€222 | -0.1% |
| Suppliers | 440/4 | €215,849 | €215,627 | -€222 | -0.1% |
| Advances received on contracts in progress | 46 | €552 | €601 | +€49 | +8.9% |
| Taxes, remuneration and social security | 45 | €240 | - | -€240 | |
| Taxes | 450/3 | €240 | - | -€240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,909 | €4,217 | -€692 | -14.1% |
| Other operating charges | 640/8 | €4,401 | €4,448 | +€47 | +1.1% |
| Gross operating margin | 9900 | -€11,756 | -€2,032 | +€9,724 | +82.7% |
| Operating profit (loss) | 9901 | -€21,066 | -€10,697 | +€10,369 | +49.2% |
| Financial charges | 65/66B | €60 | €127 | +€67 | +111% |
| Recurring financial charges | 65 | €60 | €127 | +€67 | +111% |
| Profit (loss) for the period before taxes | 9903 | -€21,126 | -€10,824 | +€10,302 | +48.8% |
| Profit (loss) for the period | 9904 | -€21,126 | -€10,824 | +€10,302 | +48.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,126 | -€10,824 | +€10,302 | +48.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.