M&R CONCEPT: 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&R CONCEPT
Largest movements
- Tangible fixed assets -€2,059
down €2,059 (-24.9%), from €8,279 to €6,220
- Receivables within one year -€472
down €472 (-7.2%), from €6,519 to €6,047
of which Trade receivables: -€606
- Formation expenses -€283
down €283 (-70.9%), from €400 to €117
- Profit (loss) carried forward -€2,454
down €2,454 (-71.6%), from €3,426 to €972
- Tax, wage and social debts -€745
down €745 (-43.8%), from €1,702 to €957
- Trade debts +€340
up €340 (+35.8%), from €950 to €1,290
- Gross operating margin -€6,091
down €6,091 (-83.7%), from €7,277 to €1,186
- Taxes -€957
no longer reported in 2023 (was €957)
- Financial charges +€474
up €474 (+82.9%), from €572 to €1,046
- Financial income -€342
down €342 (-87.5%), from €391 to €49
- Depreciation -€125
down €125 (-5.1%), from €2,468 to €2,343
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,199 | €12,397 | -€2,801 | -18.4% |
| Formation expenses | 20 | €400 | €117 | -€283 | -70.9% |
| Fixed assets | 21/28 | €8,279 | €6,220 | -€2,059 | -24.9% |
| Tangible fixed assets | 22/27 | €8,279 | €6,220 | -€2,059 | -24.9% |
| Furniture and vehicles | 24 | €8,279 | €6,220 | -€2,059 | -24.9% |
| Current assets | 29/58 | €6,520 | €6,061 | -€459 | -7.0% |
| Amounts receivable within one year | 40/41 | €6,519 | €6,047 | -€472 | -7.2% |
| Trade receivables | 40 | €6,519 | €5,912 | -€606 | -9.3% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €1 | €14 | +€13 | +1550.6% |
| Total equity and liabilities | 10/49 | €15,199 | €12,397 | -€2,801 | -18.4% |
| Equity | 10/15 | €5,426 | €2,972 | -€2,454 | -45.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,426 | €972 | -€2,454 | -71.6% |
| Amounts payable | 17/49 | €9,773 | €9,425 | -€348 | -3.6% |
| Amounts payable within one year | 42/48 | €9,773 | €9,425 | -€348 | -3.6% |
| Trade debts | 44 | €950 | €1,290 | +€340 | +35.8% |
| Suppliers | 440/4 | €950 | €1,290 | +€340 | +35.8% |
| Advances received on contracts in progress | 46 | €6,149 | €6,149 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,702 | €957 | -€745 | -43.8% |
| Taxes | 450/3 | €1,702 | €957 | -€745 | -43.8% |
| Other amounts payable | 47/48 | €972 | €1,029 | +€57 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,468 | €2,343 | -€125 | -5.1% |
| Other operating charges | 640/8 | €245 | €300 | +€55 | +22.4% |
| Gross operating margin | 9900 | €7,277 | €1,186 | -€6,091 | -83.7% |
| Operating profit (loss) | 9901 | €4,564 | -€1,457 | -€6,021 | |
| Financial income | 75/76B | €391 | €49 | -€342 | -87.5% |
| Recurring financial income | 75 | €391 | €49 | -€342 | -87.5% |
| Financial charges | 65/66B | €572 | €1,046 | +€474 | +82.9% |
| Recurring financial charges | 65 | €572 | €1,046 | +€474 | +82.9% |
| Profit (loss) for the period before taxes | 9903 | €4,383 | -€2,454 | -€6,837 | |
| Income taxes | 67/77 | €957 | - | -€957 | |
| Profit (loss) for the period | 9904 | €3,426 | -€2,454 | -€5,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,426 | -€2,454 | -€5,879 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.