MEMO-M: 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.
MEMO-M
Largest movements
- Receivables within one year +€50,602
up €50,602 (+16.0%), from €316,468 to €367,070
of which Trade receivables: +€54,226
- Cash +€19,807
new in 2024: €19,807
mainly Debts after one year (+€219,342) and Trade debts (+€39,977)
- Deferred charges and accrued income +€13,037
new in 2024: €13,037
- Tangible fixed assets +€7,799
up €7,799 (+17.1%), from €45,671 to €53,470
of which Furniture and vehicles: +€42,959
- Debts after one year +€219,342
up €219,342 (+1180.0%), from €18,589 to €237,931
- Profit (loss) carried forward -€120,248
down €120,248, from €59,705 to -€60,543
- Trade debts +€39,977
up €39,977 (+79.7%), from €50,160 to €90,137
- Current portion of long-term debt -€27,014
down €27,014 (-68.6%), from €39,377 to €12,363
- Tax, wage and social debts -€19,870
down €19,870 (-12.0%), from €165,091 to €145,221
of which Taxes: -€71,210
- Gross operating margin -€192,511
down €192,511 (-66.6%), from €288,930 to €96,419
- Taxes -€24,705
no longer reported in 2024 (was €24,705)
- Depreciation -€8,648
down €8,648 (-59.1%), from €14,625 to €5,977
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,642 | €534,889 | +€91,247 | +20.6% |
| Fixed assets | 21/28 | €67,161 | €74,960 | +€7,799 | +11.6% |
| Tangible fixed assets | 22/27 | €45,671 | €53,470 | +€7,799 | +17.1% |
| Furniture and vehicles | 24 | €10,511 | €53,470 | +€42,959 | +408.7% |
| Leasing and similar rights | 25 | €35,160 | - | -€35,160 | |
| Financial fixed assets | 28 | €21,490 | €21,490 | = | 0.0% |
| Current assets | 29/58 | €376,482 | €459,929 | +€83,447 | +22.2% |
| Amounts receivable within one year | 40/41 | €316,468 | €367,070 | +€50,602 | +16.0% |
| Trade receivables | 40 | €310,223 | €364,449 | +€54,226 | +17.5% |
| Other amounts receivable | 41 | €6,244 | €2,621 | -€3,623 | -58.0% |
| Current investments | 50/53 | €60,014 | €60,014 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €19,807 | +€19,807 | |
| Deferred charges and accrued income | 490/1 | - | €13,037 | +€13,037 | |
| Total equity and liabilities | 10/49 | €443,642 | €534,889 | +€91,247 | +20.6% |
| Equity | 10/15 | €70,165 | -€50,083 | -€120,248 | |
| Contributions | 10/11 | €8,600 | €8,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,705 | -€60,543 | -€120,248 | |
| Amounts payable | 17/49 | €373,477 | €584,972 | +€211,494 | +56.6% |
| Amounts payable after more than one year | 17 | €18,589 | €237,931 | +€219,342 | +1180.0% |
| Financial debts | 170/4 | €18,589 | €237,931 | +€219,342 | +1180.0% |
| Amounts payable within one year | 42/48 | €354,889 | €347,041 | -€7,848 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €39,377 | €12,363 | -€27,014 | -68.6% |
| Financial debts | 43 | €3,492 | - | -€3,492 | |
| Credit institutions | 430/8 | €3,492 | - | -€3,492 | |
| Trade debts | 44 | €50,160 | €90,137 | +€39,977 | +79.7% |
| Suppliers | 440/4 | €50,160 | €90,137 | +€39,977 | +79.7% |
| Advances received on contracts in progress | 46 | €95,546 | €95,546 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €165,091 | €145,221 | -€19,870 | -12.0% |
| Taxes | 450/3 | €132,468 | €61,258 | -€71,210 | -53.8% |
| Remuneration and social security | 454/9 | €32,623 | €83,963 | +€51,340 | +157.4% |
| Other amounts payable | 47/48 | €1,223 | €3,774 | +€2,551 | +208.6% |
| Non-recurring operating income | 76A | €33,037 | - | -€33,037 | |
| Remuneration, social security and pensions | 62 | €190,262 | €191,438 | +€1,176 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,625 | €5,977 | -€8,648 | -59.1% |
| Other operating charges | 640/8 | €6,935 | €4,573 | -€2,362 | -34.1% |
| Non-recurring operating charges | 66A | - | €11,272 | +€11,272 | |
| Gross operating margin | 9900 | €288,930 | €96,419 | -€192,511 | -66.6% |
| Operating profit (loss) | 9901 | €77,108 | -€116,841 | -€193,949 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,582 | €3,406 | -€176 | -4.9% |
| Recurring financial charges | 65 | €3,582 | €3,406 | -€176 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €73,525 | -€120,248 | -€193,773 | |
| Income taxes | 67/77 | €24,705 | - | -€24,705 | |
| Profit (loss) for the period | 9904 | €48,820 | -€120,248 | -€169,067 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,820 | -€120,248 | -€169,067 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.