MN-Group: 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.
MN-Group
Largest movements
- Receivables within one year +€3,528
up €3,528 (+13.0%), from €27,200 to €30,728
of which Other amounts receivable: +€10,249
- Tangible fixed assets -€3,207
down €3,207 (-41.2%), from €7,785 to €4,578
of which Furniture and vehicles: -€2,565
- Cash -€2,157
down €2,157 (-25.4%), from €8,479 to €6,322
mainly Trade debts (-€5,215) and Receivables within one year (-€3,528)
- Trade debts -€5,215
down €5,215 (-21.7%), from €24,003 to €18,788
- Tax, wage and social debts +€2,798
up €2,798 (+41.5%), from €6,747 to €9,545
of which Taxes: +€2,798
- Profit (loss) carried forward +€581
up €581 (+12.5%), from €4,654 to €5,235
- Gross operating margin -€15,482
down €15,482 (-63.0%), from €24,562 to €9,080
- Staff costs -€4,535
no longer reported in 2024 (was €4,535)
- Other operating charges +€1,482
up €1,482 (+63.1%), from €2,350 to €3,832
- Taxes -€705
down €705 (-29.0%), from €2,429 to €1,724
- Depreciation -€515
down €515 (-13.8%), from €3,721 to €3,206
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 | €43,464 | €41,628 | -€1,836 | -4.2% |
| Fixed assets | 21/28 | €7,785 | €4,578 | -€3,207 | -41.2% |
| Tangible fixed assets | 22/27 | €7,785 | €4,578 | -€3,207 | -41.2% |
| Furniture and vehicles | 24 | €3,466 | €901 | -€2,565 | -74.0% |
| Other tangible fixed assets | 26 | €4,319 | €3,677 | -€642 | -14.9% |
| Current assets | 29/58 | €35,679 | €37,050 | +€1,371 | +3.8% |
| Amounts receivable within one year | 40/41 | €27,200 | €30,728 | +€3,528 | +13.0% |
| Trade receivables | 40 | €20,339 | €13,618 | -€6,721 | -33.0% |
| Other amounts receivable | 41 | €6,861 | €17,110 | +€10,249 | +149% |
| Cash at bank and in hand | 54/58 | €8,479 | €6,322 | -€2,157 | -25.4% |
| Total equity and liabilities | 10/49 | €43,464 | €41,628 | -€1,836 | -4.2% |
| Equity | 10/15 | €12,714 | €13,295 | +€581 | +4.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,654 | €5,235 | +€581 | +12.5% |
| Amounts payable | 17/49 | €30,750 | €28,333 | -€2,417 | -7.9% |
| Amounts payable within one year | 42/48 | €30,750 | €28,333 | -€2,417 | -7.9% |
| Trade debts | 44 | €24,003 | €18,788 | -€5,215 | -21.7% |
| Suppliers | 440/4 | €24,003 | €18,788 | -€5,215 | -21.7% |
| Taxes, remuneration and social security | 45 | €6,747 | €9,545 | +€2,798 | +41.5% |
| Taxes | 450/3 | €6,525 | €9,323 | +€2,798 | +42.9% |
| Remuneration and social security | 454/9 | €222 | €222 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,535 | - | -€4,535 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,721 | €3,206 | -€515 | -13.8% |
| Other operating charges | 640/8 | €2,350 | €3,832 | +€1,482 | +63.1% |
| Gross operating margin | 9900 | €24,562 | €9,080 | -€15,482 | -63.0% |
| Operating profit (loss) | 9901 | €13,956 | €2,042 | -€11,914 | -85.4% |
| Financial income | 75/76B | €181 | €660 | +€479 | +265% |
| Recurring financial income | 75 | €181 | €660 | +€479 | +265% |
| Financial charges | 65/66B | €422 | €397 | -€25 | -5.9% |
| Recurring financial charges | 65 | €422 | €397 | -€25 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | €13,715 | €2,305 | -€11,410 | -83.2% |
| Income taxes | 67/77 | €2,429 | €1,724 | -€705 | -29.0% |
| Profit (loss) for the period | 9904 | €11,286 | €581 | -€10,705 | -94.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,286 | €581 | -€10,705 | -94.9% |
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 20 October 2026 via checked.be.