M2M PROJECTS: 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.
M2M PROJECTS
Largest movements
- Tangible fixed assets -€13,890
down €13,890 (-33.3%), from €41,670 to €27,780
- Debts after one year -€12,000
down €12,000 (-5.8%), from €205,400 to €193,400
- Profit (loss) carried forward -€6,409
down €6,409 (-3.6%), from -€180,479 to -€186,888
- Other debts +€3,604
up €3,604 (+33.3%), from €10,819 to €14,423
- Trade debts +€476
new in 2024: €476
- Gross operating margin -€920
down €920 (-8.6%), from €10,641 to €9,721
- Other operating charges -€279
down €279 (-11.6%), from €2,412 to €2,133
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 | €41,940 | €27,780 | -€14,160 | -33.8% |
| Fixed assets | 21/28 | €41,670 | €27,780 | -€13,890 | -33.3% |
| Tangible fixed assets | 22/27 | €41,670 | €27,780 | -€13,890 | -33.3% |
| Land and buildings | 22 | €41,670 | €27,780 | -€13,890 | -33.3% |
| Current assets | 29/58 | €270 | - | -€270 | |
| Cash at bank and in hand | 54/58 | €270 | - | -€270 | |
| Total equity and liabilities | 10/49 | €41,940 | €27,780 | -€14,160 | -33.8% |
| Equity | 10/15 | -€174,279 | -€180,688 | -€6,409 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,479 | -€186,888 | -€6,409 | -3.6% |
| Amounts payable | 17/49 | €216,219 | €208,468 | -€7,751 | -3.6% |
| Amounts payable after more than one year | 17 | €205,400 | €193,400 | -€12,000 | -5.8% |
| Other amounts payable | 178/9 | €205,400 | €193,400 | -€12,000 | -5.8% |
| Amounts payable within one year | 42/48 | €10,819 | €15,068 | +€4,249 | +39.3% |
| Financial debts | 43 | - | €169 | +€169 | |
| Credit institutions | 430/8 | - | €169 | +€169 | |
| Trade debts | 44 | - | €476 | +€476 | |
| Suppliers | 440/4 | - | €476 | +€476 | |
| Other amounts payable | 47/48 | €10,819 | €14,423 | +€3,604 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,890 | €13,890 | = | 0.0% |
| Other operating charges | 640/8 | €2,412 | €2,133 | -€279 | -11.6% |
| Gross operating margin | 9900 | €10,641 | €9,721 | -€920 | -8.6% |
| Operating profit (loss) | 9901 | -€5,661 | -€6,302 | -€641 | -11.3% |
| Financial charges | 65/66B | €99 | €107 | +€8 | +7.7% |
| Recurring financial charges | 65 | €99 | €107 | +€8 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,760 | -€6,409 | -€649 | -11.3% |
| Profit (loss) for the period | 9904 | -€5,760 | -€6,409 | -€649 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,760 | -€6,409 | -€649 | -11.3% |
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 29 September 2026 via checked.be.