ML FACTORY: 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.
ML FACTORY
Largest movements
- Tangible fixed assets +€99,488
up €99,488 (+43.9%), from €226,468 to €325,956
of which Plant, machinery and equipment: +€106,407
- Receivables within one year +€15,837
up €15,837 (+63.7%), from €24,878 to €40,715
of which Trade receivables: +€15,124
- Profit (loss) carried forward +€76,451
up €76,451 (+5,150%), from €1,485 to €77,935
- Current portion of long-term debt +€34,289
up €34,289 (+101%), from €33,963 to €68,252
- Other debts +€29,500
new in 2024: €29,500
- Tax, wage and social debts -€26,087
down €26,087 (-88.5%), from €29,492 to €3,405
- Debts after one year +€7,902
up €7,902 (+5.0%), from €157,957 to €165,859
of which Financial debts: +€49,899
- Gross operating margin +€33,104
up €33,104 (+28.6%), from €115,821 to €148,924
- Depreciation +€10,305
up €10,305 (+84.1%), from €12,261 to €22,566
- Other operating charges -€7,525
down €7,525 (-71.4%), from €10,534 to €3,009
- Taxes +€5,547
up €5,547 (+24.0%), from €23,072 to €28,619
- Financial charges +€2,914
up €2,914 (+54.3%), from €5,371 to €8,286
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.
Derived cash bridge
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 | €276,176 | €387,015 | +€110,839 | +40.1% |
| Fixed assets | 21/28 | €226,468 | €325,956 | +€99,488 | +43.9% |
| Tangible fixed assets | 22/27 | €226,468 | €325,956 | +€99,488 | +43.9% |
| Land and buildings | 22 | €143,327 | €136,251 | -€7,076 | -4.9% |
| Plant, machinery and equipment | 23 | €78,482 | €184,889 | +€106,407 | +136% |
| Furniture and vehicles | 24 | €4,660 | €4,817 | +€157 | +3.4% |
| Current assets | 29/58 | €49,707 | €61,059 | +€11,352 | +22.8% |
| Amounts receivable within one year | 40/41 | €24,878 | €40,715 | +€15,837 | +63.7% |
| Trade receivables | 40 | €24,860 | €39,984 | +€15,124 | +60.8% |
| Other amounts receivable | 41 | €18 | €731 | +€713 | +4,021% |
| Cash at bank and in hand | 54/58 | €22,700 | €19,635 | -€3,066 | -13.5% |
| Deferred charges and accrued income | 490/1 | €2,129 | €709 | -€1,420 | -66.7% |
| Total equity and liabilities | 10/49 | €276,176 | €387,015 | +€110,839 | +40.1% |
| Equity | 10/15 | €38,985 | €115,435 | +€76,451 | +196% |
| Contributions | 10/11 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,485 | €77,935 | +€76,451 | +5,150% |
| Amounts payable | 17/49 | €237,191 | €271,580 | +€34,389 | +14.5% |
| Amounts payable after more than one year | 17 | €157,957 | €165,859 | +€7,902 | +5.0% |
| Financial debts | 170/4 | €60,241 | €110,140 | +€49,899 | +82.8% |
| Other amounts payable | 178/9 | €97,716 | €55,718 | -€41,998 | -43.0% |
| Amounts payable within one year | 42/48 | €79,193 | €105,695 | +€26,502 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €33,963 | €68,252 | +€34,289 | +101% |
| Financial debts | 43 | €6,134 | €2,227 | -€3,906 | -63.7% |
| Credit institutions | 430/8 | €6,134 | €2,227 | -€3,906 | -63.7% |
| Trade debts | 44 | €9,604 | €2,310 | -€7,294 | -75.9% |
| Suppliers | 440/4 | €9,604 | €2,310 | -€7,294 | -75.9% |
| Taxes, remuneration and social security | 45 | €29,492 | €3,405 | -€26,087 | -88.5% |
| Taxes | 450/3 | €29,492 | €3,405 | -€26,087 | -88.5% |
| Other amounts payable | 47/48 | - | €29,500 | +€29,500 | |
| Accrued charges and deferred income | 492/3 | €41 | €26 | -€15 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,261 | €22,566 | +€10,305 | +84.1% |
| Other operating charges | 640/8 | €10,534 | €3,009 | -€7,525 | -71.4% |
| Non-recurring operating charges | 66A | - | €10,000 | +€10,000 | |
| Gross operating margin | 9900 | €115,821 | €148,924 | +€33,104 | +28.6% |
| Operating profit (loss) | 9901 | €93,026 | €113,350 | +€20,324 | +21.8% |
| Financial income | 75/76B | €0 | €6 | +€6 | +4,231% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +4,231% |
| Financial charges | 65/66B | €5,371 | €8,286 | +€2,914 | +54.3% |
| Recurring financial charges | 65 | €5,371 | €8,286 | +€2,914 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | €87,655 | €105,070 | +€17,415 | +19.9% |
| Income taxes | 67/77 | €23,072 | €28,619 | +€5,547 | +24.0% |
| Profit (loss) for the period | 9904 | €64,583 | €76,451 | +€11,868 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,583 | €76,451 | +€11,868 | +18.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.