M.N.: 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.N.
Largest movements
- Receivables within one year +€47,042
up €47,042 (+136%), from €34,536 to €81,579
of which Trade receivables: +€45,155
- Cash -€10,936
down €10,936 (-41.7%), from €26,223 to €15,288
mainly Receivables within one year (-€47,042) and Investment in fixed assets (net) (-€3,363)
- Profit (loss) carried forward +€37,740
up €37,740, from -€5,962 to €31,778
- Tax, wage and social debts -€2,218
no longer reported in 2022 (was €2,218)
- Trade debts +€1,186
new in 2022: €1,186
- Gross operating margin +€13,790
up €13,790 (+50.5%), from €27,324 to €41,114
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,678 | €102,387 | +€36,708 | +55.9% |
| Fixed assets | 21/28 | €4,919 | €5,521 | +€602 | +12.2% |
| Tangible fixed assets | 22/27 | €4,919 | €5,521 | +€602 | +12.2% |
| Plant, machinery and equipment | 23 | €4,340 | €5,231 | +€891 | +20.5% |
| Furniture and vehicles | 24 | €579 | €289 | -€289 | -50.0% |
| Current assets | 29/58 | €60,760 | €96,866 | +€36,107 | +59.4% |
| Amounts receivable within one year | 40/41 | €34,536 | €81,579 | +€47,042 | +136% |
| Trade receivables | 40 | €33,329 | €78,484 | +€45,155 | +135% |
| Other amounts receivable | 41 | €1,207 | €3,095 | +€1,887 | +156% |
| Cash at bank and in hand | 54/58 | €26,223 | €15,288 | -€10,936 | -41.7% |
| Total equity and liabilities | 10/49 | €65,678 | €102,387 | +€36,708 | +55.9% |
| Equity | 10/15 | €13,038 | €50,778 | +€37,740 | +289% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,962 | €31,778 | +€37,740 | |
| Amounts payable | 17/49 | €52,640 | €51,608 | -€1,032 | -2.0% |
| Amounts payable within one year | 42/48 | €52,640 | €51,608 | -€1,032 | -2.0% |
| Trade debts | 44 | - | €1,186 | +€1,186 | |
| Suppliers | 440/4 | - | €1,186 | +€1,186 | |
| Taxes, remuneration and social security | 45 | €2,218 | - | -€2,218 | |
| Taxes | 450/3 | €2,218 | - | -€2,218 | |
| Other amounts payable | 47/48 | €50,422 | €50,422 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,741 | €2,761 | +€21 | +0.7% |
| Other operating charges | 640/8 | €263 | €529 | +€266 | +101% |
| Gross operating margin | 9900 | €27,324 | €41,114 | +€13,790 | +50.5% |
| Operating profit (loss) | 9901 | €24,320 | €37,824 | +€13,504 | +55.5% |
| Financial charges | 65/66B | €119 | €83 | -€35 | -29.7% |
| Recurring financial charges | 65 | €119 | €83 | -€35 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €24,202 | €37,740 | +€13,539 | +55.9% |
| Profit (loss) for the period | 9904 | €24,202 | €37,740 | +€13,539 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,202 | €37,740 | +€13,539 | +55.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.