M&N GROEP: what changed
M&N GROEP
Largest movements
- Cash -€38,257
down €38,257 (-98.2%), from €38,943 to €686
mainly Trade debts (-€42,161) and Other debts (-€10,580)
- Receivables within one year +€4,442
up €4,442 (+49.5%), from €8,978 to €13,420
of which Trade receivables: +€2,562
- Tangible fixed assets -€2,733
down €2,733 (-19.2%), from €14,233 to €11,500
- Stocks and contracts -€2,650
down €2,650 (-6.0%), from €44,213 to €41,563
- Trade debts -€42,161
down €42,161 (-81.6%), from €51,643 to €9,482
- Profit (loss) carried forward +€15,345
up €15,345 (+57.2%), from -€26,824 to -€11,479
- Other debts -€10,580
down €10,580 (-15.2%), from €69,497 to €58,918
- Tax, wage and social debts -€1,803
down €1,803 (-88.0%), from €2,050 to €247
of which Remuneration and social security: -€1,716
- Gross operating margin +€45,739
up €45,739, from -€24,141 to €21,597
- Staff costs +€3,158
new in 2024: €3,158
- Other operating charges -€2,325
down €2,325 (-69.6%), from €3,343 to €1,018
- Financial income +€973
up €973 (+2,118%), from €46 to €1,019
- Financial charges +€274
up €274 (+309%), from €89 to €362
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,367 | €82,168 | -€39,199 | -32.3% |
| Fixed assets | 21/28 | €29,233 | €26,500 | -€2,733 | -9.4% |
| Tangible fixed assets | 22/27 | €14,233 | €11,500 | -€2,733 | -19.2% |
| Furniture and vehicles | 24 | €14,233 | €11,500 | -€2,733 | -19.2% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €92,133 | €55,668 | -€36,465 | -39.6% |
| Stocks and contracts in progress | 3 | €44,213 | €41,563 | -€2,650 | -6.0% |
| Stocks | 30/36 | €44,213 | €41,563 | -€2,650 | -6.0% |
| Amounts receivable within one year | 40/41 | €8,978 | €13,420 | +€4,442 | +49.5% |
| Trade receivables | 40 | €3,347 | €5,909 | +€2,562 | +76.6% |
| Other amounts receivable | 41 | €5,631 | €7,510 | +€1,879 | +33.4% |
| Cash at bank and in hand | 54/58 | €38,943 | €686 | -€38,257 | -98.2% |
| Total equity and liabilities | 10/49 | €121,367 | €82,168 | -€39,199 | -32.3% |
| Equity | 10/15 | -€1,824 | €13,521 | +€15,345 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,824 | -€11,479 | +€15,345 | +57.2% |
| Amounts payable | 17/49 | €123,190 | €68,647 | -€54,543 | -44.3% |
| Amounts payable within one year | 42/48 | €123,190 | €68,647 | -€54,543 | -44.3% |
| Trade debts | 44 | €51,643 | €9,482 | -€42,161 | -81.6% |
| Suppliers | 440/4 | €51,643 | €9,482 | -€42,161 | -81.6% |
| Taxes, remuneration and social security | 45 | €2,050 | €247 | -€1,803 | -88.0% |
| Taxes | 450/3 | €154 | €68 | -€87 | -56.2% |
| Remuneration and social security | 454/9 | €1,895 | €179 | -€1,716 | -90.6% |
| Other amounts payable | 47/48 | €69,497 | €58,918 | -€10,580 | -15.2% |
| Remuneration, social security and pensions | 62 | - | €3,158 | +€3,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,733 | €2,733 | = | 0.0% |
| Other operating charges | 640/8 | €3,343 | €1,018 | -€2,325 | -69.6% |
| Gross operating margin | 9900 | -€24,141 | €21,597 | +€45,739 | |
| Operating profit (loss) | 9901 | -€30,217 | €14,688 | +€44,905 | |
| Financial income | 75/76B | €46 | €1,019 | +€973 | +2,118% |
| Recurring financial income | 75 | €46 | €1,019 | +€973 | +2,118% |
| Financial charges | 65/66B | €89 | €362 | +€274 | +309% |
| Recurring financial charges | 65 | €89 | €362 | +€274 | +309% |
| Profit (loss) for the period before taxes | 9903 | -€30,260 | €15,345 | +€45,605 | |
| Profit (loss) for the period | 9904 | -€30,260 | €15,345 | +€45,605 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,260 | €15,345 | +€45,605 |
Next steps
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 2 November 2026 via checked.be.