MA-PI: what changed
MA-PI
Largest movements
- Tangible fixed assets +€295,621
up €295,621 (+28.2%), from €1.0m to €1.3m
- Cash -€17,780
no longer reported in 2023 (was €17,780)
mainly Investment in fixed assets (net) (-€388,305) and Net result for the year (-€101,867)
- Debts after one year +€310,588
up €310,588 (+33.4%), from €929,481 to €1.2m
of which Financial debts: +€206,248
- Profit (loss) carried forward -€101,867
down €101,867 (-136%), from -€74,655 to -€176,522
- Current portion of long-term debt +€59,860
new in 2023: €59,860
- Depreciation +€37,955
up €37,955 (+69.7%), from €54,479 to €92,434
- Gross operating margin +€27,463
up €27,463, from -€10,568 to €16,895
- Financial charges +€12,556
up €12,556 (+136%), from €9,260 to €21,816
- Other operating charges +€4,164
up €4,164 (+1,197%), from €348 to €4,512
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,072,553 | €1,355,806 | +€283,253 | +26.4% |
| Fixed assets | 21/28 | €1,048,593 | €1,344,464 | +€295,871 | +28.2% |
| Tangible fixed assets | 22/27 | €1,048,593 | €1,344,214 | +€295,621 | +28.2% |
| Land and buildings | 22 | €1,048,593 | €1,344,214 | +€295,621 | +28.2% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €23,960 | €11,342 | -€12,618 | -52.7% |
| Amounts receivable within one year | 40/41 | €4,260 | €2,866 | -€1,394 | -32.7% |
| Other amounts receivable | 41 | €4,260 | €2,866 | -€1,394 | -32.7% |
| Cash at bank and in hand | 54/58 | €17,780 | - | -€17,780 | |
| Deferred charges and accrued income | 490/1 | €1,920 | €8,476 | +€6,556 | +341% |
| Total equity and liabilities | 10/49 | €1,072,553 | €1,355,806 | +€283,253 | +26.4% |
| Equity | 10/15 | €125,345 | €23,478 | -€101,867 | -81.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€74,655 | -€176,522 | -€101,867 | -136% |
| Amounts payable | 17/49 | €947,208 | €1,332,328 | +€385,120 | +40.7% |
| Amounts payable after more than one year | 17 | €929,481 | €1,240,069 | +€310,588 | +33.4% |
| Financial debts | 170/4 | €754,481 | €960,729 | +€206,248 | +27.3% |
| Other amounts payable | 178/9 | €175,000 | €279,340 | +€104,340 | +59.6% |
| Amounts payable within one year | 42/48 | €14,008 | €88,540 | +€74,532 | +532% |
| Current portion of amounts payable after more than one year | 42 | - | €59,860 | +€59,860 | |
| Financial debts | 43 | - | €3,984 | +€3,984 | |
| Credit institutions | 430/8 | - | €3,984 | +€3,984 | |
| Trade debts | 44 | €14,008 | €24,696 | +€10,688 | +76.3% |
| Suppliers | 440/4 | €14,008 | €24,696 | +€10,688 | +76.3% |
| Accrued charges and deferred income | 492/3 | €3,719 | €3,719 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,479 | €92,434 | +€37,955 | +69.7% |
| Other operating charges | 640/8 | €348 | €4,512 | +€4,164 | +1,197% |
| Gross operating margin | 9900 | -€10,568 | €16,895 | +€27,463 | |
| Operating profit (loss) | 9901 | -€65,395 | -€80,051 | -€14,656 | -22.4% |
| Financial charges | 65/66B | €9,260 | €21,816 | +€12,556 | +136% |
| Recurring financial charges | 65 | €9,260 | €21,816 | +€12,556 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€74,655 | -€101,867 | -€27,212 | -36.5% |
| Profit (loss) for the period | 9904 | -€74,655 | -€101,867 | -€27,212 | -36.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€74,655 | -€101,867 | -€27,212 | -36.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.