MM SOLUTION: 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.
MM SOLUTION
Largest movements
- Stocks and contracts +€125,232
new in 2021: €125,232
- Receivables within one year -€21,460
down €21,460 (-56.9%), from €37,731 to €16,271
- Tangible fixed assets -€18,726
down €18,726 (-88.5%), from €21,156 to €2,430
- Debts within one year +€65,807
up €65,807 (+165%), from €39,843 to €105,650
of which Advances received: +€69,250
- Profit (loss) carried forward +€19,072
up €19,072 (+44.5%), from -€42,845 to -€23,773
- Gross operating margin +€70,680
up €70,680, from -€49,693 to €20,987
- Depreciation -€10,930
no longer reported in 2021 (was €10,930)
- Other operating charges +€1,055
new in 2021: €1,055
- Financial charges +€860
new in 2021: €860
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,625 | €144,805 | +€85,180 | +143% |
| Fixed assets | 21/28 | €21,894 | €3,168 | -€18,726 | -85.5% |
| Intangible fixed assets | 21 | €738 | €738 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,156 | €2,430 | -€18,726 | -88.5% |
| Furniture and vehicles | 24 | - | €2,430 | +€2,430 | |
| Current assets | 29/58 | €37,731 | €141,637 | +€103,906 | +275% |
| Stocks and contracts in progress | 3 | - | €125,232 | +€125,232 | |
| Stocks | 30/36 | - | €125,232 | +€125,232 | |
| Amounts receivable within one year | 40/41 | €37,731 | €16,271 | -€21,460 | -56.9% |
| Trade receivables | 40 | - | €12,928 | +€12,928 | |
| Other amounts receivable | 41 | - | €3,343 | +€3,343 | |
| Cash at bank and in hand | 54/58 | - | €134 | +€134 | |
| Total equity and liabilities | 10/49 | €59,625 | €144,805 | +€85,180 | +143% |
| Equity | 10/15 | -€24,245 | -€5,173 | +€19,072 | +78.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,845 | -€23,773 | +€19,072 | +44.5% |
| Amounts payable | 17/49 | €83,870 | €149,978 | +€66,108 | +78.8% |
| Amounts payable after more than one year | 17 | €44,027 | €44,328 | +€301 | +0.7% |
| Financial debts | 170/4 | - | €44,328 | +€44,328 | |
| Amounts payable within one year | 42/48 | €39,843 | €105,650 | +€65,807 | +165% |
| Trade debts | 44 | €13,035 | €21,528 | +€8,493 | +65.2% |
| Suppliers | 440/4 | - | €21,528 | +€21,528 | |
| Advances received on contracts in progress | 46 | - | €69,250 | +€69,250 | |
| Taxes, remuneration and social security | 45 | - | €2,197 | +€2,197 | |
| Taxes | 450/3 | - | €2,197 | +€2,197 | |
| Other amounts payable | 47/48 | - | €12,675 | +€12,675 | |
| Non-recurring operating income | 76A | - | €5,464 | +€5,464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,930 | - | -€10,930 | |
| Other operating charges | 640/8 | - | €1,055 | +€1,055 | |
| Gross operating margin | 9900 | -€49,693 | €20,987 | +€70,680 | |
| Operating profit (loss) | 9901 | -€63,597 | €19,932 | +€83,529 | |
| Financial charges | 65/66B | - | €860 | +€860 | |
| Recurring financial charges | 65 | - | €860 | +€860 | |
| Profit (loss) for the period before taxes | 9903 | -€7,660 | €19,072 | +€26,732 | |
| Profit (loss) for the period | 9904 | -€7,660 | €19,072 | +€26,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,660 | €19,072 | +€26,732 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.