M7N: 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.
M7N
Largest movements
- Receivables within one year +€2,933
up €2,933 (+281.7%), from €1,041 to €3,974
- Cash -€1,615
down €1,615 (-12.8%), from €12,629 to €11,014
mainly Receivables within one year (-€2,933) and Trade debts (-€854)
- Tangible fixed assets -€640
down €640 (-100.0%), from €640 to €0
- Profit (loss) carried forward +€1,304
up €1,304, from -€505 to €799
- Trade debts -€854
down €854 (-21.0%), from €4,069 to €3,215
- Purchases and services +€1,551
up €1,551 (+5.6%), from €27,860 to €29,411
- Taxes +€1,537
up €1,537 (+120.0%), from €1,281 to €2,818
- Turnover +€1,286
up €1,286 (+3.9%), from €32,969 to €34,255
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,673 | €25,351 | +€678 | +2.7% |
| Fixed assets | 21/28 | €1,003 | €363 | -€640 | -63.8% |
| Tangible fixed assets | 22/27 | €640 | €0 | -€640 | -100.0% |
| Plant, machinery and equipment | 23 | €640 | €0 | -€640 | -100.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €23,670 | €24,988 | +€1,318 | +5.6% |
| Amounts receivable within one year | 40/41 | €1,041 | €3,974 | +€2,933 | +281.7% |
| Trade receivables | 40 | €1,041 | €3,974 | +€2,933 | +281.7% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €12,629 | €11,014 | -€1,615 | -12.8% |
| Total equity and liabilities | 10/49 | €24,673 | €25,351 | +€678 | +2.7% |
| Equity | 10/15 | €19,240 | €20,544 | +€1,304 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,145 | €1,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,145 | €1,145 | = | 0.0% |
| Legal reserve | 130 | €1,145 | €1,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€505 | €799 | +€1,304 | |
| Amounts payable | 17/49 | €5,433 | €4,807 | -€626 | -11.5% |
| Amounts payable after more than one year | 17 | €517 | €517 | = | 0.0% |
| Financial debts | 170/4 | €517 | €517 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,916 | €4,290 | -€626 | -12.7% |
| Trade debts | 44 | €4,069 | €3,215 | -€854 | -21.0% |
| Suppliers | 440/4 | €4,069 | €3,215 | -€854 | -21.0% |
| Taxes, remuneration and social security | 45 | €847 | €1,075 | +€228 | +26.9% |
| Taxes | 450/3 | €847 | €1,075 | +€228 | +26.9% |
| Turnover | 70 | €32,969 | €34,255 | +€1,286 | +3.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,860 | €29,411 | +€1,551 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €640 | €640 | = | 0.0% |
| Gross operating margin | 9900 | €5,109 | €4,844 | -€265 | -5.2% |
| Operating profit (loss) | 9901 | €4,469 | €4,204 | -€265 | -5.9% |
| Financial charges | 65/66B | €169 | €82 | -€87 | -51.5% |
| Recurring financial charges | 65 | €169 | €82 | -€87 | -51.5% |
| Profit (loss) for the period before taxes | 9903 | €4,300 | €4,122 | -€178 | -4.1% |
| Income taxes | 67/77 | €1,281 | €2,818 | +€1,537 | +120.0% |
| Profit (loss) for the period | 9904 | €3,019 | €1,304 | -€1,715 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,019 | €1,304 | -€1,715 | -56.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.