M.N: what changed
Two fiscal 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.N
Largest movements
- Receivables within one year -€3,670
down €3,670 (-87.5%), from €4,197 to €526
of which Trade receivables: -€3,673
- Stocks and contracts -€2,474
no longer reported in 2024 (was €2,474)
- Cash -€361
down €361 (-11.8%), from €3,070 to €2,709
mainly Other debts (-€12,581) and Tax, wage and social debts (-€3,959)
- Tangible fixed assets -€200
down €200 (-31.6%), from €634 to €434
- Profit (loss) carried forward +€13,711
up €13,711 (+62.2%), from -€22,043 to -€8,331
- Other debts -€12,581
no longer reported in 2024 (was €12,581)
- Tax, wage and social debts -€3,959
no longer reported in 2024 (was €3,959)
of which Remuneration and social security: -€3,622
- Trade debts -€2,882
no longer reported in 2024 (was €2,882)
- Accrued charges and deferred income -€995
no longer reported in 2024 (was €995)
- Staff costs -€15,550
down €15,550 (-93.7%), from €16,591 to €1,041
- Gross operating margin +€8,225
up €8,225 (+108.7%), from €7,565 to €15,790
- Other operating charges -€1,736
down €1,736 (-72.9%), from €2,381 to €644
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,374 | €3,669 | -€6,706 | -64.6% |
| Fixed assets | 21/28 | €634 | €434 | -€200 | -31.6% |
| Tangible fixed assets | 22/27 | €634 | €434 | -€200 | -31.6% |
| Plant, machinery and equipment | 23 | €634 | €434 | -€200 | -31.6% |
| Current assets | 29/58 | €9,741 | €3,235 | -€6,505 | -66.8% |
| Stocks and contracts in progress | 3 | €2,474 | - | -€2,474 | |
| Stocks | 30/36 | €2,474 | - | -€2,474 | |
| Amounts receivable within one year | 40/41 | €4,197 | €526 | -€3,670 | -87.5% |
| Trade receivables | 40 | €3,673 | - | -€3,673 | |
| Other amounts receivable | 41 | €523 | €526 | +€3 | +0.6% |
| Cash at bank and in hand | 54/58 | €3,070 | €2,709 | -€361 | -11.8% |
| Total equity and liabilities | 10/49 | €10,374 | €3,669 | -€6,706 | -64.6% |
| Equity | 10/15 | -€10,043 | €3,669 | +€13,711 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Outside capital | 11 | - | €12,000 | +€12,000 | |
| Other | 1109/19 | - | €12,000 | +€12,000 | |
| Profit (loss) carried forward | 14 | -€22,043 | -€8,331 | +€13,711 | +62.2% |
| Amounts payable | 17/49 | €20,417 | - | -€20,417 | |
| Amounts payable within one year | 42/48 | €19,422 | - | -€19,422 | |
| Trade debts | 44 | €2,882 | - | -€2,882 | |
| Suppliers | 440/4 | €2,882 | - | -€2,882 | |
| Taxes, remuneration and social security | 45 | €3,959 | - | -€3,959 | |
| Taxes | 450/3 | €337 | - | -€337 | |
| Remuneration and social security | 454/9 | €3,622 | - | -€3,622 | |
| Other amounts payable | 47/48 | €12,581 | - | -€12,581 | |
| Accrued charges and deferred income | 492/3 | €995 | - | -€995 | |
| Remuneration, social security and pensions | 62 | €16,591 | €1,041 | -€15,550 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €200 | €200 | = | 0.0% |
| Other operating charges | 640/8 | €2,381 | €644 | -€1,736 | -72.9% |
| Gross operating margin | 9900 | €7,565 | €15,790 | +€8,225 | +108.7% |
| Operating profit (loss) | 9901 | -€11,607 | €13,904 | +€25,511 | |
| Financial income | 75/76B | €20 | - | -€20 | |
| Recurring financial income | 75 | €20 | - | -€20 | |
| Financial charges | 65/66B | €292 | €193 | -€99 | -33.9% |
| Recurring financial charges | 65 | €292 | €193 | -€99 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,879 | €13,711 | +€25,590 | |
| Profit (loss) for the period | 9904 | -€11,879 | €13,711 | +€25,590 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,879 | €13,711 | +€25,590 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.