MARK: 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.
MARK
Largest movements
- Receivables within one year -€30,870
no longer reported in 2023 (was €30,870)
of which Trade receivables: -€30,749
- Tangible fixed assets -€5,984
down €5,984 (-19.3%), from €31,043 to €25,059
of which Land and buildings: -€3,169
- Stocks and contracts +€5,948
up €5,948 (+90.5%), from €6,574 to €12,522
- Cash +€4,070
up €4,070 (+153%), from €2,664 to €6,734
mainly Tax, wage and social debts (+€34,665) and Receivables within one year (+€30,870)
- Profit (loss) carried forward -€47,150
down €47,150 (-2,497%), from -€1,888 to -€49,038
- Tax, wage and social debts +€34,665
up €34,665 (+284%), from €12,216 to €46,881
of which Remuneration and social security: +€25,812
- Trade debts -€14,192
down €14,192 (-43.7%), from €32,464 to €18,271
- Staff costs +€44,816
up €44,816 (+108%), from €41,411 to €86,227
- Gross operating margin +€1,408
up €1,408 (+2.9%), from €48,294 to €49,702
- Financial charges +€1,342
up €1,342 (+350%), from €384 to €1,725
From the 2022 result to the 2023 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.
Derived cash bridge
Derived from the 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €71,151 | €44,379 | -€26,771 | -37.6% |
| Fixed assets | 21/28 | €31,043 | €25,059 | -€5,984 | -19.3% |
| Tangible fixed assets | 22/27 | €31,043 | €25,059 | -€5,984 | -19.3% |
| Land and buildings | 22 | €22,502 | €19,333 | -€3,169 | -14.1% |
| Plant, machinery and equipment | 23 | €7,809 | €5,251 | -€2,558 | -32.8% |
| Furniture and vehicles | 24 | €732 | €475 | -€257 | -35.1% |
| Current assets | 29/58 | €40,108 | €19,320 | -€20,787 | -51.8% |
| Stocks and contracts in progress | 3 | €6,574 | €12,522 | +€5,948 | +90.5% |
| Stocks | 30/36 | €6,574 | €12,522 | +€5,948 | +90.5% |
| Amounts receivable within one year | 40/41 | €30,870 | - | -€30,870 | |
| Trade receivables | 40 | €30,749 | - | -€30,749 | |
| Other amounts receivable | 41 | €121 | - | -€121 | |
| Cash at bank and in hand | 54/58 | €2,664 | €6,734 | +€4,070 | +153% |
| Deferred charges and accrued income | 490/1 | - | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €71,151 | €44,379 | -€26,771 | -37.6% |
| Equity | 10/15 | €26,377 | -€20,773 | -€47,150 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €16,266 | €16,266 | = | 0.0% |
| Distributable reserves | 133 | €16,266 | €16,266 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,888 | -€49,038 | -€47,150 | -2,497% |
| Amounts payable | 17/49 | €44,774 | €65,152 | +€20,378 | +45.5% |
| Amounts payable within one year | 42/48 | €44,774 | €65,152 | +€20,378 | +45.5% |
| Trade debts | 44 | €32,464 | €18,271 | -€14,192 | -43.7% |
| Suppliers | 440/4 | €32,464 | €18,271 | -€14,192 | -43.7% |
| Taxes, remuneration and social security | 45 | €12,216 | €46,881 | +€34,665 | +284% |
| Taxes | 450/3 | €7,326 | €16,179 | +€8,852 | +121% |
| Remuneration and social security | 454/9 | €4,890 | €30,702 | +€25,812 | +528% |
| Other amounts payable | 47/48 | €94 | - | -€94 | |
| Remuneration, social security and pensions | 62 | €41,411 | €86,227 | +€44,816 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,957 | €5,984 | +€27 | +0.4% |
| Other operating charges | 640/8 | €2,441 | €2,915 | +€475 | +19.4% |
| Gross operating margin | 9900 | €48,294 | €49,702 | +€1,408 | +2.9% |
| Operating profit (loss) | 9901 | -€1,516 | -€45,425 | -€43,909 | -2,897% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €384 | €1,725 | +€1,342 | +350% |
| Recurring financial charges | 65 | €384 | €1,725 | +€1,342 | +350% |
| Profit (loss) for the period before taxes | 9903 | -€1,888 | -€47,150 | -€45,261 | -2,397% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€1,888 | -€47,150 | -€45,261 | -2,397% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,888 | -€47,150 | -€45,261 | -2,397% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.