MAY FOOD: 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.
MAY FOOD
Largest movements
- Receivables within one year +€446,157
up €446,157 (+494%), from €90,376 to €536,533
of which Trade receivables: +€337,675
- Stocks and contracts +€120,121
new in 2023: €120,121
- Cash +€60,133
up €60,133 (+1,162%), from €5,176 to €65,309
mainly Accrued charges and deferred income (+€402,705) and Trade debts (+€125,608)
- Accrued charges and deferred income +€402,705
up €402,705 (+22,373%), from €1,800 to €404,505
- Trade debts +€125,608
up €125,608 (+442%), from €28,413 to €154,021
- Profit (loss) carried forward +€81,332
up €81,332 (+271%), from €29,989 to €111,321
- Tax, wage and social debts +€22,474
up €22,474 (+90.2%), from €24,905 to €47,379
of which Taxes: +€18,018
- Gross operating margin +€119,101
up €119,101 (+286%), from €41,670 to €160,771
- Staff costs +€51,496
up €51,496 (+3,288%), from €1,566 to €53,062
- Taxes +€13,986
up €13,986 (+196%), from €7,151 to €21,137
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 | €100,107 | €732,226 | +€632,119 | +631% |
| Fixed assets | 21/28 | €4,555 | €10,263 | +€5,708 | +125% |
| Intangible fixed assets | 21 | €4,555 | €3,450 | -€1,105 | -24.3% |
| Tangible fixed assets | 22/27 | - | €6,813 | +€6,813 | |
| Furniture and vehicles | 24 | - | €6,813 | +€6,813 | |
| Current assets | 29/58 | €95,552 | €721,963 | +€626,411 | +656% |
| Stocks and contracts in progress | 3 | - | €120,121 | +€120,121 | |
| Stocks | 30/36 | - | €120,121 | +€120,121 | |
| Amounts receivable within one year | 40/41 | €90,376 | €536,533 | +€446,157 | +494% |
| Trade receivables | 40 | €63,661 | €401,336 | +€337,675 | +530% |
| Other amounts receivable | 41 | €26,715 | €135,197 | +€108,482 | +406% |
| Cash at bank and in hand | 54/58 | €5,176 | €65,309 | +€60,133 | +1,162% |
| Total equity and liabilities | 10/49 | €100,107 | €732,226 | +€632,119 | +631% |
| Equity | 10/15 | €44,989 | €126,321 | +€81,332 | +181% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,989 | €111,321 | +€81,332 | +271% |
| Amounts payable | 17/49 | €55,118 | €605,905 | +€550,787 | +999% |
| Amounts payable within one year | 42/48 | €53,318 | €201,400 | +€148,082 | +278% |
| Trade debts | 44 | €28,413 | €154,021 | +€125,608 | +442% |
| Suppliers | 440/4 | €28,413 | €154,021 | +€125,608 | +442% |
| Taxes, remuneration and social security | 45 | €24,905 | €47,379 | +€22,474 | +90.2% |
| Taxes | 450/3 | €24,905 | €42,923 | +€18,018 | +72.3% |
| Remuneration and social security | 454/9 | - | €4,456 | +€4,456 | |
| Accrued charges and deferred income | 492/3 | €1,800 | €404,505 | +€402,705 | +22,373% |
| Remuneration, social security and pensions | 62 | €1,566 | €53,062 | +€51,496 | +3,288% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €987 | €2,107 | +€1,120 | +113% |
| Other operating charges | 640/8 | €1,806 | €1,268 | -€538 | -29.8% |
| Gross operating margin | 9900 | €41,670 | €160,771 | +€119,101 | +286% |
| Operating profit (loss) | 9901 | €37,311 | €104,334 | +€67,023 | +180% |
| Financial income | 75/76B | €877 | €297 | -€580 | -66.1% |
| Recurring financial income | 75 | €877 | €297 | -€580 | -66.1% |
| Financial charges | 65/66B | €1,048 | €2,162 | +€1,114 | +106% |
| Recurring financial charges | 65 | €1,048 | €2,162 | +€1,114 | +106% |
| Profit (loss) for the period before taxes | 9903 | €37,140 | €102,469 | +€65,329 | +176% |
| Income taxes | 67/77 | €7,151 | €21,137 | +€13,986 | +196% |
| Profit (loss) for the period | 9904 | €29,989 | €81,332 | +€51,343 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €29,989 | €81,332 | +€51,343 | +171% |
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 27 October 2026 via checked.be.