M.P.: 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.P.
Largest movements
- Tangible fixed assets -€7,307
down €7,307 (-5.9%), from €124,753 to €117,446
of which Land and buildings: -€10,539
- Receivables within one year +€5,372
up €5,372 (+663.5%), from €810 to €6,182
of which Other amounts receivable: +€5,372
- Deferred charges and accrued income -€3,801
down €3,801 (-97.7%), from €3,891 to €90
- Tax, wage and social debts +€26,502
up €26,502 (+248.3%), from €10,674 to €37,176
of which Remuneration and social security: +€27,345
- Profit (loss) carried forward -€20,482
down €20,482 (-47.3%), from -€43,297 to -€63,779
- Debts after one year -€16,959
down €16,959 (-20.4%), from €83,226 to €66,267
- Other debts +€10,027
up €10,027 (+286.5%), from €3,500 to €13,527
- Trade debts -€7,583
down €7,583 (-17.7%), from €42,919 to €35,336
- Turnover -€331,813
no longer reported in 2024 (was €331,813)
- Purchases and services -€265,615
no longer reported in 2024 (was €265,615)
- Staff costs +€93,437
up €93,437 (+184.5%), from €50,653 to €144,090
- Gross operating margin +€86,646
up €86,646 (+114.2%), from €75,847 to €162,493
- Depreciation +€5,501
up €5,501 (+48.2%), from €11,416 to €16,917
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €132,561 | €125,898 | -€6,663 | -5.0% |
| Fixed assets | 21/28 | €125,774 | €118,467 | -€7,307 | -5.8% |
| Tangible fixed assets | 22/27 | €124,753 | €117,446 | -€7,307 | -5.9% |
| Land and buildings | 22 | €112,633 | €102,094 | -€10,539 | -9.4% |
| Plant, machinery and equipment | 23 | €2,334 | €883 | -€1,451 | -62.2% |
| Furniture and vehicles | 24 | €9,785 | €14,469 | +€4,684 | +47.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,021 | €1,021 | -€0 | 0.0% |
| Current assets | 29/58 | €6,787 | €7,431 | +€644 | +9.5% |
| Amounts receivable within one year | 40/41 | €810 | €6,182 | +€5,372 | +663.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €810 | €6,182 | +€5,372 | +663.5% |
| Cash at bank and in hand | 54/58 | €2,086 | €1,159 | -€927 | -44.4% |
| Deferred charges and accrued income | 490/1 | €3,891 | €90 | -€3,801 | -97.7% |
| Total equity and liabilities | 10/49 | €132,561 | €125,898 | -€6,663 | -5.0% |
| Equity | 10/15 | -€19,757 | -€40,238 | -€20,481 | -103.7% |
| Contributions | 10/11 | €16,758 | €16,758 | +€0 | 0.0% |
| Contributions outside capital | 11 | €16,758 | - | -€16,758 | |
| Other | 1109/19 | €16,758 | - | -€16,758 | |
| Reserves | 13 | €6,783 | €6,783 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Distributable reserves | 133 | €4,924 | €4,924 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€43,297 | -€63,779 | -€20,482 | -47.3% |
| Amounts payable | 17/49 | €152,318 | €166,136 | +€13,818 | +9.1% |
| Amounts payable after more than one year | 17 | €83,226 | €66,267 | -€16,959 | -20.4% |
| Financial debts | 170/4 | €83,226 | €66,267 | -€16,959 | -20.4% |
| Amounts payable within one year | 42/48 | €69,092 | €99,869 | +€30,777 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €10,142 | €11,465 | +€1,323 | +13.0% |
| Financial debts | 43 | €1,857 | €2,365 | +€508 | +27.4% |
| Credit institutions | 430/8 | €1,857 | €2,365 | +€508 | +27.4% |
| Trade debts | 44 | €42,919 | €35,336 | -€7,583 | -17.7% |
| Suppliers | 440/4 | €42,919 | €35,336 | -€7,583 | -17.7% |
| Taxes, remuneration and social security | 45 | €10,674 | €37,176 | +€26,502 | +248.3% |
| Taxes | 450/3 | €10,674 | €9,831 | -€843 | -7.9% |
| Remuneration and social security | 454/9 | €0 | €27,345 | +€27,345 | |
| Other amounts payable | 47/48 | €3,500 | €13,527 | +€10,027 | +286.5% |
| Turnover | 70 | €331,813 | - | -€331,813 | |
| Goods, raw materials, services and sundry goods | 60/61 | €265,615 | - | -€265,615 | |
| Remuneration, social security and pensions | 62 | €50,653 | €144,090 | +€93,437 | +184.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,416 | €16,917 | +€5,501 | +48.2% |
| Other operating charges | 640/8 | €6,583 | €11,689 | +€5,106 | +77.6% |
| Gross operating margin | 9900 | €75,847 | €162,493 | +€86,646 | +114.2% |
| Operating profit (loss) | 9901 | €7,196 | -€10,203 | -€17,399 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €6,377 | €10,058 | +€3,681 | +57.7% |
| Recurring financial charges | 65 | €6,377 | €10,058 | +€3,681 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €819 | -€20,261 | -€21,080 | |
| Income taxes | 67/77 | €289 | €221 | -€68 | -23.6% |
| Profit (loss) for the period | 9904 | €530 | -€20,482 | -€21,012 | |
| Profit (loss) for the period to be appropriated | 9905 | €530 | -€20,482 | -€21,012 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.