M.R. MANAGEMENT SUPPORT: 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.R. MANAGEMENT SUPPORT
Largest movements
- Financial fixed assets +€1.0m
up €1.0m (+60.4%), from €1.7m to €2.7m
- Receivables within one year -€150,098
down €150,098 (-81.5%), from €184,271 to €34,173
of which Other amounts receivable: -€140,557
- Tangible fixed assets -€39,332
down €39,332 (-22.3%), from €176,068 to €136,736
of which Furniture and vehicles: -€29,203
- Debts after one year +€969,375
up €969,375 (+733.0%), from €132,239 to €1.1m
of which Other amounts payable: +€1.0m
- Tax, wage and social debts -€155,307
down €155,307 (-93.6%), from €165,937 to €10,631
of which Taxes: -€157,102
- Financial income -€1.6m
down €1.6m (-100.0%), from €1.6m to €0
- Taxes -€148,018
down €148,018 (-99.7%), from €148,477 to €459
- Gross operating margin +€38,199
up €38,199 (+108.4%), from €35,238 to €73,437
- Financial charges +€27,829
up €27,829 (+444.4%), from €6,263 to €34,092
- Staff costs -€2,285
down €2,285 (-48.2%), from €4,736 to €2,451
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 | €2,068,244 | €2,878,420 | +€810,176 | +39.2% |
| Fixed assets | 21/28 | €1,832,822 | €2,793,490 | +€960,668 | +52.4% |
| Tangible fixed assets | 22/27 | €176,068 | €136,736 | -€39,332 | -22.3% |
| Land and buildings | 22 | €70,645 | €60,516 | -€10,129 | -14.3% |
| Furniture and vehicles | 24 | €105,423 | €76,220 | -€29,203 | -27.7% |
| Financial fixed assets | 28 | €1,656,753 | €2,656,753 | +€1.0m | +60.4% |
| Current assets | 29/58 | €235,422 | €84,931 | -€150,491 | -63.9% |
| Amounts receivable within one year | 40/41 | €184,271 | €34,173 | -€150,098 | -81.5% |
| Trade receivables | 40 | €26,650 | €17,110 | -€9,540 | -35.8% |
| Other amounts receivable | 41 | €157,621 | €17,063 | -€140,557 | -89.2% |
| Cash at bank and in hand | 54/58 | €48,001 | €44,294 | -€3,707 | -7.7% |
| Deferred charges and accrued income | 490/1 | €3,150 | €6,463 | +€3,313 | +105.2% |
| Total equity and liabilities | 10/49 | €2,068,244 | €2,878,420 | +€810,176 | +39.2% |
| Equity | 10/15 | €1,707,132 | €1,699,798 | -€7,334 | -0.4% |
| Contributions | 10/11 | €32,552 | €32,552 | = | 0.0% |
| Reserves | 13 | €1,674,580 | €1,667,246 | -€7,334 | -0.4% |
| Distributable reserves | 133 | €1,674,580 | €1,667,246 | -€7,334 | -0.4% |
| Amounts payable | 17/49 | €361,112 | €1,178,622 | +€817,510 | +226.4% |
| Amounts payable after more than one year | 17 | €132,239 | €1,101,614 | +€969,375 | +733.0% |
| Financial debts | 170/4 | €101,239 | €70,614 | -€30,625 | -30.3% |
| Other amounts payable | 178/9 | €31,000 | €1,031,000 | +€1.0m | +3225.8% |
| Amounts payable within one year | 42/48 | €226,920 | €65,346 | -€161,574 | -71.2% |
| Current portion of amounts payable after more than one year | 42 | €29,708 | €30,625 | +€917 | +3.1% |
| Financial debts | 43 | €2,032 | €2,033 | +€1 | +0.1% |
| Credit institutions | 430/8 | €2,032 | €2,033 | +€1 | +0.1% |
| Trade debts | 44 | €7,135 | €7,578 | +€443 | +6.2% |
| Suppliers | 440/4 | €7,135 | €7,578 | +€443 | +6.2% |
| Taxes, remuneration and social security | 45 | €165,937 | €10,631 | -€155,307 | -93.6% |
| Taxes | 450/3 | €164,683 | €7,581 | -€157,102 | -95.4% |
| Remuneration and social security | 454/9 | €1,254 | €3,050 | +€1,795 | +143.1% |
| Other amounts payable | 47/48 | €22,107 | €14,478 | -€7,629 | -34.5% |
| Accrued charges and deferred income | 492/3 | €1,953 | €11,662 | +€9,709 | +497.2% |
| Remuneration, social security and pensions | 62 | €4,736 | €2,451 | -€2,285 | -48.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,261 | €41,262 | -€999 | -2.4% |
| Other operating charges | 640/8 | €1,934 | €2,507 | +€573 | +29.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,238 | €73,437 | +€38,199 | +108.4% |
| Operating profit (loss) | 9901 | -€13,693 | €27,217 | +€40,910 | |
| Financial income | 75/76B | €1,647,711 | €0 | -€1.6m | -100.0% |
| Recurring financial income | 75 | €1,647,711 | €0 | -€1.6m | -100.0% |
| Financial charges | 65/66B | €6,263 | €34,092 | +€27,829 | +444.4% |
| Recurring financial charges | 65 | €6,263 | €34,092 | +€27,829 | +444.4% |
| Profit (loss) for the period before taxes | 9903 | €1,627,755 | -€6,875 | -€1.6m | |
| Income taxes | 67/77 | €148,477 | €459 | -€148,018 | -99.7% |
| Profit (loss) for the period | 9904 | €1,479,277 | -€7,334 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,479,277 | -€7,334 | -€1.5m |
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 1 October 2026 via checked.be.