ML BUILDING: 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.
ML BUILDING
Largest movements
- Cash -€30,624
down €30,624 (-46.1%), from €66,498 to €35,874
mainly Trade debts (-€33,071) and Tax, wage and social debts (-€13,206)
- Receivables within one year -€14,462
down €14,462 (-10.9%), from €132,486 to €118,024
of which Other amounts receivable: -€23,549
- Deferred charges and accrued income -€2,530
down €2,530 (-67.8%), from €3,731 to €1,201
- Trade debts -€33,071
down €33,071 (-26.2%), from €126,350 to €93,279
- Tax, wage and social debts -€13,206
down €13,206 (-40.4%), from €32,713 to €19,507
of which Remuneration and social security: -€18,574
- Purchases and services -€568,652
no longer reported in 2024 (was €568,652)
- Staff costs +€30,665
up €30,665 (+115.8%), from €26,470 to €57,135
- Gross operating margin +€18,669
up €18,669 (+26.9%), from €69,351 to €88,020
- Taxes +€15,193
up €15,193 (+195.8%), from €7,759 to €22,952
- Depreciation +€2,095
up €2,095 (+51.5%), from €4,067 to €6,162
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 | €208,615 | €161,630 | -€46,985 | -22.5% |
| Fixed assets | 21/28 | €5,900 | €6,531 | +€631 | +10.7% |
| Tangible fixed assets | 22/27 | €5,900 | €6,531 | +€631 | +10.7% |
| Plant, machinery and equipment | 23 | - | €1,557 | +€1,557 | |
| Furniture and vehicles | 24 | €5,900 | €4,974 | -€926 | -15.7% |
| Current assets | 29/58 | €202,715 | €155,099 | -€47,616 | -23.5% |
| Amounts receivable within one year | 40/41 | €132,486 | €118,024 | -€14,462 | -10.9% |
| Trade receivables | 40 | €66,939 | €76,026 | +€9,087 | +13.6% |
| Other amounts receivable | 41 | €65,547 | €41,998 | -€23,549 | -35.9% |
| Cash at bank and in hand | 54/58 | €66,498 | €35,874 | -€30,624 | -46.1% |
| Deferred charges and accrued income | 490/1 | €3,731 | €1,201 | -€2,530 | -67.8% |
| Total equity and liabilities | 10/49 | €208,615 | €161,630 | -€46,985 | -22.5% |
| Equity | 10/15 | €47,872 | €48,494 | +€622 | +1.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | - | €2,000 | +€2,000 | |
| Issued capital | 100 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | €45,872 | €46,494 | +€622 | +1.4% |
| Amounts payable | 17/49 | €160,743 | €113,136 | -€47,607 | -29.6% |
| Amounts payable within one year | 42/48 | €160,743 | €112,786 | -€47,957 | -29.8% |
| Financial debts | 43 | €1,030 | - | -€1,030 | |
| Credit institutions | 430/8 | €1,030 | - | -€1,030 | |
| Trade debts | 44 | €126,350 | €93,279 | -€33,071 | -26.2% |
| Suppliers | 440/4 | €126,350 | €93,279 | -€33,071 | -26.2% |
| Taxes, remuneration and social security | 45 | €32,713 | €19,507 | -€13,206 | -40.4% |
| Taxes | 450/3 | €4,398 | €9,766 | +€5,368 | +122.1% |
| Remuneration and social security | 454/9 | €28,315 | €9,741 | -€18,574 | -65.6% |
| Other amounts payable | 47/48 | €650 | - | -€650 | |
| Accrued charges and deferred income | 492/3 | - | €350 | +€350 | |
| Goods, raw materials, services and sundry goods | 60/61 | €568,652 | - | -€568,652 | |
| Remuneration, social security and pensions | 62 | €26,470 | €57,135 | +€30,665 | +115.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,067 | €6,162 | +€2,095 | +51.5% |
| Other operating charges | 640/8 | €1,082 | €1,031 | -€51 | -4.7% |
| Gross operating margin | 9900 | €69,351 | €88,020 | +€18,669 | +26.9% |
| Operating profit (loss) | 9901 | €37,732 | €23,692 | -€14,040 | -37.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €94 | €123 | +€29 | +30.9% |
| Recurring financial charges | 65 | €94 | €123 | +€29 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €37,638 | €23,574 | -€14,064 | -37.4% |
| Income taxes | 67/77 | €7,759 | €22,952 | +€15,193 | +195.8% |
| Profit (loss) for the period | 9904 | €29,879 | €622 | -€29,257 | -97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,879 | €622 | -€29,257 | -97.9% |
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 29 September 2026 via checked.be.