MARY V: 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.
MARY V
Largest movements
- Cash +€52,912
up €52,912 (+3081.3%), from €1,717 to €54,629
mainly Stocks and contracts (+€46,535) and Depreciation (+€23,335)
- Stocks and contracts -€46,535
down €46,535 (-37.2%), from €125,125 to €78,591
- Intangible fixed assets -€21,495
down €21,495 (-12.2%), from €175,552 to €154,057
- Deferred charges and accrued income +€5,600
new in 2021: €5,600
- Receivables within one year -€4,224
down €4,224 (-24.7%), from €17,091 to €12,867
- Debts within one year -€15,377
down €15,377 (-10.2%), from €151,134 to €135,757
of which Trade debts: -€118,661
- Staff costs +€36,897
new in 2021: €36,897
- Financial income +€29,924
new in 2021: €29,924
- Gross operating margin +€26,615
up €26,615 (+325.3%), from €8,181 to €34,796
- Depreciation -€16,147
down €16,147 (-40.9%), from €39,482 to €23,335
- Financial charges +€3,228
new in 2021: €3,228
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 | €323,946 | €309,815 | -€14,132 | -4.4% |
| Fixed assets | 21/28 | €180,013 | €158,128 | -€21,885 | -12.2% |
| Intangible fixed assets | 21 | €175,552 | €154,057 | -€21,495 | -12.2% |
| Tangible fixed assets | 22/27 | €4,461 | €4,071 | -€390 | -8.7% |
| Furniture and vehicles | 24 | - | €4,071 | +€4,071 | |
| Current assets | 29/58 | €143,934 | €151,687 | +€7,753 | +5.4% |
| Stocks and contracts in progress | 3 | €125,125 | €78,591 | -€46,535 | -37.2% |
| Stocks | 30/36 | - | €78,591 | +€78,591 | |
| Amounts receivable within one year | 40/41 | €17,091 | €12,867 | -€4,224 | -24.7% |
| Trade receivables | 40 | - | €10,536 | +€10,536 | |
| Other amounts receivable | 41 | - | €2,331 | +€2,331 | |
| Cash at bank and in hand | 54/58 | €1,717 | €54,629 | +€52,912 | +3081.3% |
| Deferred charges and accrued income | 490/1 | - | €5,600 | +€5,600 | |
| Total equity and liabilities | 10/49 | €323,946 | €309,815 | -€14,132 | -4.4% |
| Equity | 10/15 | €12,812 | €14,057 | +€1,245 | +9.7% |
| Contributions | 10/11 | - | €56,200 | +€56,200 | |
| Reserves | 13 | €2,569 | €2,569 | = | 0.0% |
| Distributable reserves | 133 | - | €2,569 | +€2,569 | |
| Profit (loss) carried forward | 14 | -€45,957 | -€44,712 | +€1,245 | +2.7% |
| Amounts payable | 17/49 | €311,134 | €295,757 | -€15,377 | -4.9% |
| Amounts payable after more than one year | 17 | €160,000 | €160,000 | = | 0.0% |
| Financial debts | 170/4 | - | €160,000 | +€160,000 | |
| Amounts payable within one year | 42/48 | €151,134 | €135,757 | -€15,377 | -10.2% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €144,889 | €26,228 | -€118,661 | -81.9% |
| Suppliers | 440/4 | - | €26,228 | +€26,228 | |
| Taxes, remuneration and social security | 45 | - | €4,077 | +€4,077 | |
| Remuneration and social security | 454/9 | - | €4,077 | +€4,077 | |
| Other amounts payable | 47/48 | - | €5,453 | +€5,453 | |
| Non-recurring operating income | 76A | - | €60,000 | +€60,000 | |
| Remuneration, social security and pensions | 62 | - | €36,897 | +€36,897 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,482 | €23,335 | -€16,147 | -40.9% |
| Other operating charges | 640/8 | - | €15 | +€15 | |
| Gross operating margin | 9900 | €8,181 | €34,796 | +€26,615 | +325.3% |
| Operating profit (loss) | 9901 | -€31,757 | -€25,451 | +€6,306 | +19.9% |
| Financial income | 75/76B | - | €29,924 | +€29,924 | |
| Recurring financial income | 75 | €64 | €29,924 | +€29,860 | +46802.6% |
| Financial charges | 65/66B | - | €3,228 | +€3,228 | |
| Recurring financial charges | 65 | €79 | €3,228 | +€3,149 | +3984.5% |
| Profit (loss) for the period before taxes | 9903 | -€31,772 | €1,245 | +€33,018 | |
| Profit (loss) for the period | 9904 | -€31,772 | €1,245 | +€33,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,772 | €1,245 | +€33,018 |
Source: filed annual accounts (NBB), financial years ended 31 October 2020 and 31 October 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.