MARGO PL: 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.
MARGO PL
Largest movements
- Tangible fixed assets +€1,021
new in 2021: €1,021
of which Plant, machinery and equipment: +€768
- Current assets +€66
up €66 (+3.4%), from €1,977 to €2,043
of which Receivables within one year: +€348
- Debts within one year +€19,305
up €19,305 (+97.4%), from €19,826 to €39,131
of which Other debts: +€25,970
- Equity -€18,218
down €18,218 (-116.6%), from -€15,622 to -€33,839
of which Profit (loss) carried forward: -€18,218
- Gross operating margin -€19,405
down €19,405, from €10,742 to -€8,664
- Staff costs +€8,195
new in 2021: €8,195
- Other operating charges +€904
new in 2021: €904
- Financial charges +€278
new in 2021: €278
- Depreciation +€177
new in 2021: €177
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,205 | €5,292 | +€1,087 | +25.9% |
| Fixed assets | 21/28 | €2,228 | €3,248 | +€1,021 | +45.8% |
| Tangible fixed assets | 22/27 | - | €1,021 | +€1,021 | |
| Plant, machinery and equipment | 23 | - | €768 | +€768 | |
| Furniture and vehicles | 24 | - | €253 | +€253 | |
| Financial fixed assets | 28 | €2,228 | €2,228 | = | 0.0% |
| Current assets | 29/58 | €1,977 | €2,043 | +€66 | +3.4% |
| Amounts receivable within one year | 40/41 | €1,560 | €1,908 | +€348 | +22.3% |
| Trade receivables | 40 | - | €1,908 | +€1,908 | |
| Cash at bank and in hand | 54/58 | €315 | €9 | -€306 | -97.0% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €4,205 | €5,292 | +€1,087 | +25.9% |
| Equity | 10/15 | -€15,622 | -€33,839 | -€18,218 | -116.6% |
| Contributions | 10/11 | - | €18,600 | +€18,600 | |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €148 | €148 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €148 | +€148 | |
| Reserves not available under the articles | 1311 | - | €148 | +€148 | |
| Profit (loss) carried forward | 14 | -€34,370 | -€52,587 | -€18,218 | -53.0% |
| Amounts payable | 17/49 | €19,826 | €39,131 | +€19,305 | +97.4% |
| Amounts payable within one year | 42/48 | €19,826 | €39,131 | +€19,305 | +97.4% |
| Financial debts | 43 | - | €97 | +€97 | |
| Credit institutions | 430/8 | - | €97 | +€97 | |
| Trade debts | 44 | €2,962 | €5,160 | +€2,198 | +74.2% |
| Suppliers | 440/4 | - | €5,160 | +€5,160 | |
| Taxes, remuneration and social security | 45 | - | €7,904 | +€7,904 | |
| Taxes | 450/3 | - | €2,155 | +€2,155 | |
| Remuneration and social security | 454/9 | - | €5,748 | +€5,748 | |
| Other amounts payable | 47/48 | - | €25,970 | +€25,970 | |
| Remuneration, social security and pensions | 62 | - | €8,195 | +€8,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €177 | +€177 | |
| Other operating charges | 640/8 | - | €904 | +€904 | |
| Gross operating margin | 9900 | €10,742 | -€8,664 | -€19,405 | |
| Operating profit (loss) | 9901 | -€1,388 | -€17,940 | -€16,552 | -1192.6% |
| Financial charges | 65/66B | - | €278 | +€278 | |
| Recurring financial charges | 65 | €325 | €278 | -€47 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,712 | -€18,218 | -€16,505 | -963.8% |
| Profit (loss) for the period | 9904 | -€1,712 | -€18,218 | -€16,505 | -963.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,712 | -€18,218 | -€16,505 | -963.8% |
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 10 October 2026 via checked.be.