ML BUSINESS: what changed
ML BUSINESS
Largest movements
- Receivables within one year +€36,907
up €36,907 (+85.9%), from €42,961 to €79,868
of which Trade receivables: +€48,144
- Stocks and contracts +€9,400
up €9,400 (+145%), from €6,500 to €15,900
- Tangible fixed assets -€3,966
down €3,966 (-40.3%), from €9,839 to €5,873
- Financial fixed assets +€1,419
new in 2024: €1,419
- Trade debts +€51,552
up €51,552 (+884%), from €5,831 to €57,384
- Other debts -€16,664
no longer reported in 2024 (was €16,664)
- Profit (loss) carried forward +€14,654
up €14,654 (+47.9%), from €30,595 to €45,249
- Tax, wage and social debts -€5,708
down €5,708 (-32.5%), from €17,570 to €11,862
of which Remuneration and social security: -€5,600
- Gross operating margin -€54,480
down €54,480 (-68.1%), from €79,994 to €25,513
- Staff costs -€38,160
down €38,160 (-90.2%), from €42,299 to €4,139
- Other operating charges -€4,478
no longer reported in 2024 (was €4,478)
- Taxes -€2,382
no longer reported in 2024 (was €2,382)
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,660 | €118,533 | +€43,872 | +58.8% |
| Fixed assets | 21/28 | €9,839 | €7,292 | -€2,547 | -25.9% |
| Tangible fixed assets | 22/27 | €9,839 | €5,873 | -€3,966 | -40.3% |
| Furniture and vehicles | 24 | €9,839 | €5,873 | -€3,966 | -40.3% |
| Financial fixed assets | 28 | - | €1,419 | +€1,419 | |
| Current assets | 29/58 | €64,821 | €111,241 | +€46,419 | +71.6% |
| Stocks and contracts in progress | 3 | €6,500 | €15,900 | +€9,400 | +145% |
| Stocks | 30/36 | €6,500 | €15,900 | +€9,400 | +145% |
| Amounts receivable within one year | 40/41 | €42,961 | €79,868 | +€36,907 | +85.9% |
| Trade receivables | 40 | €28,366 | €76,510 | +€48,144 | +170% |
| Other amounts receivable | 41 | €14,595 | €3,358 | -€11,237 | -77.0% |
| Cash at bank and in hand | 54/58 | €15,360 | €15,473 | +€113 | +0.7% |
| Total equity and liabilities | 10/49 | €74,660 | €118,533 | +€43,872 | +58.8% |
| Equity | 10/15 | €34,595 | €49,249 | +€14,654 | +42.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,595 | €45,249 | +€14,654 | +47.9% |
| Amounts payable | 17/49 | €40,065 | €69,284 | +€29,218 | +72.9% |
| Amounts payable within one year | 42/48 | €40,065 | €69,284 | +€29,218 | +72.9% |
| Financial debts | 43 | - | €39 | +€39 | |
| Credit institutions | 430/8 | - | €39 | +€39 | |
| Trade debts | 44 | €5,831 | €57,384 | +€51,552 | +884% |
| Suppliers | 440/4 | €5,831 | €57,384 | +€51,552 | +884% |
| Taxes, remuneration and social security | 45 | €17,570 | €11,862 | -€5,708 | -32.5% |
| Taxes | 450/3 | €7,685 | €7,578 | -€108 | -1.4% |
| Remuneration and social security | 454/9 | €9,885 | €4,284 | -€5,600 | -56.7% |
| Other amounts payable | 47/48 | €16,664 | - | -€16,664 | |
| Remuneration, social security and pensions | 62 | €42,299 | €4,139 | -€38,160 | -90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,966 | €3,966 | = | 0.0% |
| Other operating charges | 640/8 | €4,478 | - | -€4,478 | |
| Gross operating margin | 9900 | €79,994 | €25,513 | -€54,480 | -68.1% |
| Operating profit (loss) | 9901 | €29,251 | €17,408 | -€11,843 | -40.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,398 | €2,754 | +€356 | +14.8% |
| Recurring financial charges | 65 | €2,398 | €2,754 | +€356 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | €26,853 | €14,654 | -€12,199 | -45.4% |
| Income taxes | 67/77 | €2,382 | - | -€2,382 | |
| Profit (loss) for the period | 9904 | €24,471 | €14,654 | -€9,817 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,471 | €14,654 | -€9,817 | -40.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.