MC NULTY: 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.
MC NULTY
Largest movements
- Cash -€12,978
down €12,978 (-52.6%), from €24,658 to €11,680
mainly Net result for the year (-€23,251) and Other debts (-€8,488)
- Tangible fixed assets -€1,738
down €1,738 (-32.6%), from €5,331 to €3,593
of which Plant, machinery and equipment: -€1,573
- Deferred charges and accrued income +€1,586
new in 2022: €1,586
- Receivables within one year -€1,043
down €1,043 (-5.4%), from €19,347 to €18,304
- Profit (loss) carried forward -€23,251
down €23,251 (-267%), from -€8,707 to -€31,959
- Trade debts +€13,526
up €13,526 (+36.8%), from €36,747 to €50,273
- Other debts -€8,488
down €8,488 (-60.4%), from €14,054 to €5,567
- Tax, wage and social debts +€5,473
up €5,473 (+853%), from €641 to €6,114
of which Taxes: +€3,649
- Accrued charges and deferred income -€1,131
down €1,131 (-45.6%), from €2,483 to €1,352
- Staff costs +€34,677
new in 2022: €34,677
- Gross operating margin +€11,495
up €11,495 (+291%), from €3,946 to €15,441
- Other operating charges +€1,341
up €1,341 (+267%), from €501 to €1,842
- Financial income -€159
down €159 (-89.0%), from €178 to €20
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,336 | €49,464 | -€13,871 | -21.9% |
| Fixed assets | 21/28 | €11,331 | €9,764 | -€1,567 | -13.8% |
| Intangible fixed assets | 21 | - | €171 | +€171 | |
| Tangible fixed assets | 22/27 | €5,331 | €3,593 | -€1,738 | -32.6% |
| Plant, machinery and equipment | 23 | €4,143 | €2,570 | -€1,573 | -38.0% |
| Furniture and vehicles | 24 | €1,188 | €1,023 | -€165 | -13.9% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €52,005 | €39,700 | -€12,304 | -23.7% |
| Stocks and contracts in progress | 3 | €8,000 | €8,131 | +€131 | +1.6% |
| Stocks | 30/36 | €8,000 | €8,131 | +€131 | +1.6% |
| Amounts receivable within one year | 40/41 | €19,347 | €18,304 | -€1,043 | -5.4% |
| Trade receivables | 40 | €19,347 | €18,304 | -€1,043 | -5.4% |
| Cash at bank and in hand | 54/58 | €24,658 | €11,680 | -€12,978 | -52.6% |
| Deferred charges and accrued income | 490/1 | - | €1,586 | +€1,586 | |
| Total equity and liabilities | 10/49 | €63,336 | €49,464 | -€13,871 | -21.9% |
| Equity | 10/15 | €6,610 | -€16,641 | -€23,251 | |
| Contributions | 10/11 | €13,900 | €13,900 | = | 0.0% |
| Reserves | 13 | €1,417 | €1,417 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,417 | €1,417 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,417 | €1,417 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,707 | -€31,959 | -€23,251 | -267% |
| Amounts payable | 17/49 | €56,726 | €66,106 | +€9,380 | +16.5% |
| Amounts payable after more than one year | 17 | €1,400 | €1,400 | = | 0.0% |
| Financial debts | 170/4 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €52,842 | €63,354 | +€10,511 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €1,400 | €1,400 | = | 0.0% |
| Trade debts | 44 | €36,747 | €50,273 | +€13,526 | +36.8% |
| Suppliers | 440/4 | €36,747 | €50,273 | +€13,526 | +36.8% |
| Taxes, remuneration and social security | 45 | €641 | €6,114 | +€5,473 | +853% |
| Taxes | 450/3 | €641 | €4,291 | +€3,649 | +569% |
| Remuneration and social security | 454/9 | - | €1,823 | +€1,823 | |
| Other amounts payable | 47/48 | €14,054 | €5,567 | -€8,488 | -60.4% |
| Accrued charges and deferred income | 492/3 | €2,483 | €1,352 | -€1,131 | -45.6% |
| Remuneration, social security and pensions | 62 | - | €34,677 | +€34,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,668 | €1,756 | +€88 | +5.3% |
| Other operating charges | 640/8 | €501 | €1,842 | +€1,341 | +267% |
| Gross operating margin | 9900 | €3,946 | €15,441 | +€11,495 | +291% |
| Operating profit (loss) | 9901 | €1,777 | -€22,834 | -€24,611 | |
| Financial income | 75/76B | €178 | €20 | -€159 | -89.0% |
| Recurring financial income | 75 | €178 | €20 | -€159 | -89.0% |
| Financial charges | 65/66B | €479 | €437 | -€42 | -8.7% |
| Recurring financial charges | 65 | €479 | €437 | -€42 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,476 | -€23,251 | -€24,727 | |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Profit (loss) for the period | 9904 | €1,476 | -€23,251 | -€24,727 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,476 | -€23,251 | -€24,727 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.