Mk&Gr: 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.
Mk&Gr
Largest movements
- Receivables within one year +€194,220
up €194,220 (+383%), from €50,667 to €244,887
of which Other amounts receivable: +€181,826
- Trade debts +€136,971
up €136,971 (+704%), from €19,466 to €156,437
- Advances received +€28,000
new in 2022: €28,000
- Profit (loss) carried forward +€13,662
up €13,662 (+14.7%), from -€92,931 to -€79,269
- Tax, wage and social debts +€12,756
up €12,756 (+39.8%), from €32,023 to €44,779
of which Taxes: +€9,403
- Staff costs -€68,552
down €68,552 (-63.0%), from €108,760 to €40,207
- Gross operating margin -€52,730
down €52,730 (-46.2%), from €114,138 to €61,407
- Taxes +€4,326
up €4,326 (+668%), from €647 to €4,973
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 | €59,306 | €250,760 | +€191,454 | +323% |
| Fixed assets | 21/28 | €7,886 | €5,826 | -€2,060 | -26.1% |
| Tangible fixed assets | 22/27 | €7,480 | €5,420 | -€2,060 | -27.5% |
| Plant, machinery and equipment | 23 | €2,280 | €1,520 | -€760 | -33.3% |
| Furniture and vehicles | 24 | €5,200 | €3,900 | -€1,300 | -25.0% |
| Financial fixed assets | 28 | €406 | €406 | = | 0.0% |
| Current assets | 29/58 | €51,420 | €244,934 | +€193,514 | +376% |
| Amounts receivable within one year | 40/41 | €50,667 | €244,887 | +€194,220 | +383% |
| Trade receivables | 40 | €45,369 | €57,763 | +€12,394 | +27.3% |
| Other amounts receivable | 41 | €5,298 | €187,124 | +€181,826 | +3,432% |
| Cash at bank and in hand | 54/58 | €753 | €47 | -€706 | -93.8% |
| Total equity and liabilities | 10/49 | €59,306 | €250,760 | +€191,454 | +323% |
| Equity | 10/15 | €7,816 | €21,479 | +€13,662 | +175% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €748 | €748 | = | 0.0% |
| Non-distributable reserves | 130/1 | €748 | €748 | = | 0.0% |
| Legal reserve | 130 | €748 | €748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,931 | -€79,269 | +€13,662 | +14.7% |
| Amounts payable | 17/49 | €51,489 | €229,281 | +€177,792 | +345% |
| Amounts payable within one year | 42/48 | €51,489 | €229,281 | +€177,792 | +345% |
| Financial debts | 43 | - | €65 | +€65 | |
| Credit institutions | 430/8 | - | €65 | +€65 | |
| Trade debts | 44 | €19,466 | €156,437 | +€136,971 | +704% |
| Suppliers | 440/4 | €19,466 | €156,437 | +€136,971 | +704% |
| Advances received on contracts in progress | 46 | - | €28,000 | +€28,000 | |
| Taxes, remuneration and social security | 45 | €32,023 | €44,779 | +€12,756 | +39.8% |
| Taxes | 450/3 | €6,708 | €16,111 | +€9,403 | +140% |
| Remuneration and social security | 454/9 | €25,315 | €28,669 | +€3,354 | +13.2% |
| Remuneration, social security and pensions | 62 | €108,760 | €40,207 | -€68,552 | -63.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,060 | €2,060 | = | 0.0% |
| Other operating charges | 640/8 | - | €264 | +€264 | |
| Gross operating margin | 9900 | €114,138 | €61,407 | -€52,730 | -46.2% |
| Operating profit (loss) | 9901 | €3,318 | €18,876 | +€15,558 | +469% |
| Financial charges | 65/66B | €314 | €240 | -€74 | -23.5% |
| Recurring financial charges | 65 | €314 | €240 | -€74 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €3,004 | €18,636 | +€15,632 | +520% |
| Income taxes | 67/77 | €647 | €4,973 | +€4,326 | +668% |
| Profit (loss) for the period | 9904 | €2,357 | €13,662 | +€11,306 | +480% |
| Profit (loss) for the period to be appropriated | 9905 | €2,357 | €13,662 | +€11,306 | +480% |
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.