M. TEAM: 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. TEAM
Largest movements
- Tangible fixed assets -€3,447
down €3,447 (-27.4%), from €12,591 to €9,144
- Current assets -€359
down €359 (-2.7%), from €13,509 to €13,150
of which Cash: -€489
- Profit (loss) carried forward -€3,744
down €3,744 (-380.5%), from -€984 to -€4,728
- Debts after one year -€1,879
down €1,879 (-59.6%), from €3,152 to €1,273
- Debts within one year +€1,817
up €1,817 (+52.3%), from €3,472 to €5,289
- Gross operating margin -€3,564
down €3,564 (-81.6%), from €4,367 to €804
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,100 | €22,294 | -€3,806 | -14.6% |
| Fixed assets | 21/28 | €12,591 | €9,144 | -€3,447 | -27.4% |
| Tangible fixed assets | 22/27 | €12,591 | €9,144 | -€3,447 | -27.4% |
| Current assets | 29/58 | €13,509 | €13,150 | -€359 | -2.7% |
| Stocks and contracts in progress | 3 | €2,189 | €2,189 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €255 | +€255 | |
| Current investments | 50/53 | €5,000 | €4,999 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €5,579 | €5,090 | -€489 | -8.8% |
| Total equity and liabilities | 10/49 | €26,100 | €22,294 | -€3,806 | -14.6% |
| Equity | 10/15 | €19,476 | €15,732 | -€3,744 | -19.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€984 | -€4,728 | -€3,744 | -380.5% |
| Amounts payable | 17/49 | €6,624 | €6,562 | -€62 | -0.9% |
| Amounts payable after more than one year | 17 | €3,152 | €1,273 | -€1,879 | -59.6% |
| Amounts payable within one year | 42/48 | €3,472 | €5,289 | +€1,817 | +52.3% |
| Trade debts | 44 | €688 | €747 | +€59 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,447 | €3,447 | = | 0.0% |
| Gross operating margin | 9900 | €4,367 | €804 | -€3,564 | -81.6% |
| Operating profit (loss) | 9901 | €358 | -€3,511 | -€3,870 | |
| Recurring financial charges | 65 | €196 | €233 | +€37 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €162 | -€3,744 | -€3,906 | |
| Profit (loss) for the period | 9904 | €162 | -€3,744 | -€3,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €162 | -€3,744 | -€3,906 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.