M2M Tec: 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.
M2M Tec
Largest movements
- Current investments +€200,909
up €200,909 (+133.9%), from €150,000 to €350,909
- Tangible fixed assets +€57,301
up €57,301 (+8.2%), from €700,841 to €758,143
of which Land and buildings: +€42,612
- Cash -€52,799
down €52,799 (-9.0%), from €588,199 to €535,399
mainly Current investments (-€200,909) and Investment in fixed assets (net) (-€85,028)
- Receivables within one year -€41,847
down €41,847 (-37.5%), from €111,606 to €69,759
of which Other amounts receivable: -€29,673
- Reserves +€184,262
up €184,262 (+19.5%), from €946,104 to €1.1m
of which Distributable reserves: +€184,262
- Gross operating margin +€86,882
up €86,882 (+40.2%), from €216,170 to €303,053
- Taxes +€29,488
up €29,488 (+53.4%), from €55,179 to €84,667
- Depreciation -€6,140
down €6,140 (-18.1%), from €33,866 to €27,727
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 | €1,871,831 | €2,026,817 | +€154,986 | +8.3% |
| Fixed assets | 21/28 | €700,841 | €758,143 | +€57,301 | +8.2% |
| Tangible fixed assets | 22/27 | €700,841 | €758,143 | +€57,301 | +8.2% |
| Land and buildings | 22 | €260,475 | €303,088 | +€42,612 | +16.4% |
| Plant, machinery and equipment | 23 | - | €2,621 | +€2,621 | |
| Furniture and vehicles | 24 | €2,941 | €23,555 | +€20,613 | +700.8% |
| Other tangible fixed assets | 26 | €437,425 | €428,880 | -€8,545 | -2.0% |
| Current assets | 29/58 | €1,170,990 | €1,268,674 | +€97,684 | +8.3% |
| Amounts receivable after more than one year | 29 | €285,000 | €277,500 | -€7,500 | -2.6% |
| Other amounts receivable | 291 | €285,000 | €277,500 | -€7,500 | -2.6% |
| Stocks and contracts in progress | 3 | €34,363 | €32,662 | -€1,700 | -4.9% |
| Stocks | 30/36 | €34,363 | €32,662 | -€1,700 | -4.9% |
| Amounts receivable within one year | 40/41 | €111,606 | €69,759 | -€41,847 | -37.5% |
| Trade receivables | 40 | €35,007 | €22,833 | -€12,174 | -34.8% |
| Other amounts receivable | 41 | €76,599 | €46,926 | -€29,673 | -38.7% |
| Current investments | 50/53 | €150,000 | €350,909 | +€200,909 | +133.9% |
| Cash at bank and in hand | 54/58 | €588,199 | €535,399 | -€52,799 | -9.0% |
| Deferred charges and accrued income | 490/1 | €1,822 | €2,444 | +€621 | +34.1% |
| Total equity and liabilities | 10/49 | €1,871,831 | €2,026,817 | +€154,986 | +8.3% |
| Equity | 10/15 | €958,504 | €1,142,766 | +€184,262 | +19.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €946,104 | €1,130,366 | +€184,262 | +19.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €944,244 | €1,128,506 | +€184,262 | +19.5% |
| Amounts payable | 17/49 | €913,327 | €884,051 | -€29,276 | -3.2% |
| Amounts payable after more than one year | 17 | €455,001 | €444,011 | -€10,990 | -2.4% |
| Financial debts | 170/4 | €455,001 | €444,011 | -€10,990 | -2.4% |
| Amounts payable within one year | 42/48 | €97,248 | €93,298 | -€3,950 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €42,066 | €42,818 | +€751 | +1.8% |
| Trade debts | 44 | €53,509 | €44,375 | -€9,134 | -17.1% |
| Suppliers | 440/4 | €53,509 | €44,375 | -€9,134 | -17.1% |
| Taxes, remuneration and social security | 45 | €1,672 | €6,105 | +€4,433 | +265.1% |
| Taxes | 450/3 | €1,672 | €6,105 | +€4,433 | +265.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €361,078 | €346,742 | -€14,336 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,866 | €27,727 | -€6,140 | -18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,363 | €4,213 | -€150 | -3.4% |
| Gross operating margin | 9900 | €216,170 | €303,053 | +€86,882 | +40.2% |
| Operating profit (loss) | 9901 | €177,941 | €271,113 | +€93,172 | +52.4% |
| Financial income | 75/76B | €5,782 | €7,808 | +€2,026 | +35.0% |
| Recurring financial income | 75 | €4,097 | €6,237 | +€2,140 | +52.2% |
| Non-recurring financial income | 76B | €1,685 | €1,571 | -€114 | -6.7% |
| Financial charges | 65/66B | €9,422 | €9,992 | +€569 | +6.0% |
| Recurring financial charges | 65 | €9,422 | €9,992 | +€569 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €174,301 | €268,929 | +€94,629 | +54.3% |
| Income taxes | 67/77 | €55,179 | €84,667 | +€29,488 | +53.4% |
| Profit (loss) for the period | 9904 | €119,121 | €184,262 | +€65,140 | +54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €119,121 | €184,262 | +€65,140 | +54.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.