M-PERFORMANCE: 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-PERFORMANCE
Largest movements
- Receivables within one year -€29,635
down €29,635 (-94.8%), from €31,251 to €1,616
of which Trade receivables: -€28,027
- Tangible fixed assets -€4,918
down €4,918 (-6.7%), from €73,190 to €68,271
of which Plant, machinery and equipment: -€4,578
- Cash +€2,782
up €2,782 (+65.6%), from €4,244 to €7,026
mainly Receivables within one year (+€29,635) and Net result for the year (+€14,395)
- Trade debts -€29,238
down €29,238 (-92.2%), from €31,709 to €2,472
- Other debts -€24,988
down €24,988 (-51.4%), from €48,646 to €23,659
- Reserves +€14,395
up €14,395 (+713.8%), from €2,017 to €16,411
- Tax, wage and social debts +€11,581
up €11,581 (+456.4%), from €2,538 to €14,119
- Debts after one year -€4,207
down €4,207 (-32.6%), from €12,913 to €8,706
- Gross operating margin +€10,259
up €10,259 (+43.3%), from €23,716 to €33,975
- Other operating charges -€5,017
down €5,017 (-76.0%), from €6,597 to €1,580
- Taxes +€4,290
up €4,290 (+169.1%), from €2,538 to €6,828
- Financial charges -€2,258
down €2,258 (-44.3%), from €5,094 to €2,836
- Depreciation +€847
up €847 (+11.3%), from €7,489 to €8,336
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 | €141,807 | €109,568 | -€32,239 | -22.7% |
| Fixed assets | 21/28 | €73,490 | €68,571 | -€4,918 | -6.7% |
| Tangible fixed assets | 22/27 | €73,190 | €68,271 | -€4,918 | -6.7% |
| Land and buildings | 22 | €3,238 | €2,897 | -€341 | -10.5% |
| Plant, machinery and equipment | 23 | €69,952 | €65,375 | -€4,578 | -6.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €68,318 | €40,997 | -€27,321 | -40.0% |
| Amounts receivable within one year | 40/41 | €31,251 | €1,616 | -€29,635 | -94.8% |
| Trade receivables | 40 | €29,643 | €1,616 | -€28,027 | -94.5% |
| Other amounts receivable | 41 | €1,608 | - | -€1,608 | |
| Cash at bank and in hand | 54/58 | €4,244 | €7,026 | +€2,782 | +65.6% |
| Deferred charges and accrued income | 490/1 | €32,823 | €32,355 | -€468 | -1.4% |
| Total equity and liabilities | 10/49 | €141,807 | €109,568 | -€32,239 | -22.7% |
| Equity | 10/15 | €5,017 | €19,411 | +€14,395 | +286.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,017 | €16,411 | +€14,395 | +713.8% |
| Distributable reserves | 133 | €2,017 | €16,411 | +€14,395 | +713.8% |
| Amounts payable | 17/49 | €136,791 | €90,157 | -€46,634 | -34.1% |
| Amounts payable after more than one year | 17 | €12,913 | €8,706 | -€4,207 | -32.6% |
| Financial debts | 170/4 | €12,913 | €8,706 | -€4,207 | -32.6% |
| Amounts payable within one year | 42/48 | €123,878 | €81,451 | -€42,427 | -34.2% |
| Current portion of amounts payable after more than one year | 42 | €3,990 | €4,207 | +€217 | +5.4% |
| Trade debts | 44 | €31,709 | €2,472 | -€29,238 | -92.2% |
| Suppliers | 440/4 | €31,709 | €2,472 | -€29,238 | -92.2% |
| Advances received on contracts in progress | 46 | €36,995 | €36,995 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,538 | €14,119 | +€11,581 | +456.4% |
| Taxes | 450/3 | €2,538 | €14,119 | +€11,581 | +456.4% |
| Other amounts payable | 47/48 | €48,646 | €23,659 | -€24,988 | -51.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,489 | €8,336 | +€847 | +11.3% |
| Other operating charges | 640/8 | €6,597 | €1,580 | -€5,017 | -76.0% |
| Gross operating margin | 9900 | €23,716 | €33,975 | +€10,259 | +43.3% |
| Operating profit (loss) | 9901 | €9,630 | €24,059 | +€14,429 | +149.8% |
| Financial income | 75/76B | €18 | €0 | -€18 | -99.5% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -99.5% |
| Financial charges | 65/66B | €5,094 | €2,836 | -€2,258 | -44.3% |
| Recurring financial charges | 65 | €5,094 | €2,836 | -€2,258 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €4,554 | €21,222 | +€16,668 | +366.0% |
| Income taxes | 67/77 | €2,538 | €6,828 | +€4,290 | +169.1% |
| Profit (loss) for the period | 9904 | €2,017 | €14,395 | +€12,378 | +613.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,017 | €14,395 | +€12,378 | +613.8% |
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 5 October 2026 via checked.be.