MEAN: what changed
Two fiscal 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.
MEAN
Largest movements
- Tangible fixed assets +€37,421
up €37,421 (+2377.1%), from €1,574 to €38,996
- Cash -€28,728
down €28,728 (-40.4%), from €71,032 to €42,303
mainly Investment in fixed assets (net) (-€45,139) and Current portion of long-term debt (-€6,199)
- Receivables within one year +€3,662
up €3,662 (+11.9%), from €30,821 to €34,483
- Reserves +€13,479
up €13,479 (+15.0%), from €90,143 to €103,622
of which Distributable reserves: +€13,479
- Current portion of long-term debt -€6,199
no longer reported in 2023 (was €6,199)
- Tax, wage and social debts +€5,498
new in 2023: €5,498
- Gross operating margin +€35,706
up €35,706, from -€5,431 to €30,275
- Depreciation +€6,369
up €6,369 (+472.1%), from €1,349 to €7,718
- Taxes +€4,841
up €4,841 (+681.7%), from €710 to €5,551
- Other operating charges +€2,239
up €2,239 (+166.9%), from €1,341 to €3,579
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.
Cash bridge derived
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 | €109,073 | €122,193 | +€13,120 | +12.0% |
| Fixed assets | 21/28 | €1,574 | €38,996 | +€37,421 | +2377.1% |
| Tangible fixed assets | 22/27 | €1,574 | €38,996 | +€37,421 | +2377.1% |
| Furniture and vehicles | 24 | €1,574 | €38,996 | +€37,421 | +2377.1% |
| Current assets | 29/58 | €107,499 | €83,198 | -€24,301 | -22.6% |
| Stocks and contracts in progress | 3 | €4,914 | €5,916 | +€1,002 | +20.4% |
| Stocks | 30/36 | €4,914 | €5,916 | +€1,002 | +20.4% |
| Amounts receivable within one year | 40/41 | €30,821 | €34,483 | +€3,662 | +11.9% |
| Other amounts receivable | 41 | €30,821 | €34,483 | +€3,662 | +11.9% |
| Cash at bank and in hand | 54/58 | €71,032 | €42,303 | -€28,728 | -40.4% |
| Deferred charges and accrued income | 490/1 | €733 | €495 | -€238 | -32.4% |
| Total equity and liabilities | 10/49 | €109,073 | €122,193 | +€13,120 | +12.0% |
| Equity | 10/15 | €102,285 | €115,764 | +€13,479 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,143 | €103,622 | +€13,479 | +15.0% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €87,743 | €101,222 | +€13,479 | +15.4% |
| Profit (loss) carried forward | 14 | €5,942 | €5,942 | = | 0.0% |
| Amounts payable | 17/49 | €6,788 | €6,429 | -€359 | -5.3% |
| Amounts payable within one year | 42/48 | €6,788 | €6,429 | -€359 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €6,199 | - | -€6,199 | |
| Trade debts | 44 | €589 | €931 | +€342 | +58.2% |
| Suppliers | 440/4 | €589 | €931 | +€342 | +58.2% |
| Taxes, remuneration and social security | 45 | - | €5,498 | +€5,498 | |
| Taxes | 450/3 | - | €5,498 | +€5,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,349 | €7,718 | +€6,369 | +472.1% |
| Other operating charges | 640/8 | €1,341 | €3,579 | +€2,239 | +166.9% |
| Gross operating margin | 9900 | -€5,431 | €30,275 | +€35,706 | |
| Operating profit (loss) | 9901 | -€8,121 | €18,977 | +€27,099 | |
| Financial income | 75/76B | €4 | €177 | +€173 | +3852.3% |
| Recurring financial income | 75 | €4 | €177 | +€173 | +3852.3% |
| Financial charges | 65/66B | €288 | €125 | -€163 | -56.7% |
| Recurring financial charges | 65 | €288 | €125 | -€163 | -56.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,405 | €19,030 | +€27,435 | |
| Income taxes | 67/77 | €710 | €5,551 | +€4,841 | +681.7% |
| Profit (loss) for the period | 9904 | -€9,115 | €13,479 | +€22,594 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,115 | €13,479 | +€22,594 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.