M2 ENGINEERING: 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.
M2 ENGINEERING
Largest movements
- Receivables within one year -€5,335
down €5,335 (-4.1%), from €131,667 to €126,331
of which Other amounts receivable: -€25,486
- Other debts +€67,530
new in 2023: €67,530
- Accrued charges and deferred income -€65,428
no longer reported in 2023 (was €65,428)
- Trade debts -€19,026
down €19,026 (-94.7%), from €20,081 to €1,055
- Tax, wage and social debts +€7,750
new in 2023: €7,750
- Profit (loss) carried forward +€3,013
up €3,013 (+9.1%), from €33,213 to €36,226
- Turnover +€17,402
up €17,402 (+47.5%), from €36,648 to €54,050
- Gross operating margin +€11,673
up €11,673, from -€4,980 to €6,693
- Purchases and services +€5,026
up €5,026 (+11.9%), from €42,331 to €47,357
- Other operating charges -€1,939
down €1,939 (-49.7%), from €3,904 to €1,965
- Depreciation -€1,192
no longer reported in 2023 (was €1,192)
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 | €132,582 | €126,421 | -€6,161 | -4.6% |
| Fixed assets | 21/28 | €87 | €87 | = | 0.0% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €132,495 | €126,334 | -€6,161 | -4.6% |
| Amounts receivable within one year | 40/41 | €131,667 | €126,331 | -€5,335 | -4.1% |
| Trade receivables | 40 | €47,406 | €67,557 | +€20,151 | +42.5% |
| Other amounts receivable | 41 | €84,261 | €58,775 | -€25,486 | -30.2% |
| Cash at bank and in hand | 54/58 | €829 | €3 | -€826 | -99.7% |
| Total equity and liabilities | 10/49 | €132,582 | €126,421 | -€6,161 | -4.6% |
| Equity | 10/15 | €47,073 | €50,086 | +€3,013 | +6.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Capital | 10 | €12,000 | - | -€12,000 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,600 | - | -€6,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €33,213 | €36,226 | +€3,013 | +9.1% |
| Amounts payable | 17/49 | €85,509 | €76,335 | -€9,174 | -10.7% |
| Amounts payable within one year | 42/48 | €20,081 | €76,335 | +€56,254 | +280.1% |
| Trade debts | 44 | €20,081 | €1,055 | -€19,026 | -94.7% |
| Suppliers | 440/4 | €20,081 | €1,055 | -€19,026 | -94.7% |
| Taxes, remuneration and social security | 45 | - | €7,750 | +€7,750 | |
| Remuneration and social security | 454/9 | - | €7,750 | +€7,750 | |
| Other amounts payable | 47/48 | - | €67,530 | +€67,530 | |
| Accrued charges and deferred income | 492/3 | €65,428 | - | -€65,428 | |
| Turnover | 70 | €36,648 | €54,050 | +€17,402 | +47.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €42,331 | €47,357 | +€5,026 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,192 | - | -€1,192 | |
| Other operating charges | 640/8 | €3,904 | €1,965 | -€1,939 | -49.7% |
| Gross operating margin | 9900 | -€4,980 | €6,693 | +€11,673 | |
| Operating profit (loss) | 9901 | -€10,075 | €4,728 | +€14,804 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €452 | €747 | +€295 | +65.2% |
| Recurring financial charges | 65 | €452 | €747 | +€295 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,527 | €3,982 | +€14,509 | |
| Income taxes | 67/77 | - | €969 | +€969 | |
| Profit (loss) for the period | 9904 | -€10,527 | €3,013 | +€13,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,527 | €3,013 | +€13,540 |
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.