MN SAFTY: 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.
MN SAFTY
Largest movements
- Stocks and contracts +€30,679
up €30,679 (+175.2%), from €17,507 to €48,187
- Receivables within one year +€10,877
up €10,877 (+83.1%), from €13,087 to €23,963
of which Trade receivables: +€11,745
- Cash +€4,388
up €4,388 (+46.8%), from €9,375 to €13,763
mainly Net result for the year (+€25,144) and Trade debts (+€13,127)
- Tangible fixed assets +€1,135
up €1,135 (+189.4%), from €599 to €1,735
- Profit (loss) carried forward +€25,144
up €25,144 (+941.1%), from €2,672 to €27,815
- Trade debts +€13,127
up €13,127 (+1530.5%), from €858 to €13,984
- Other debts +€4,717
new in 2023: €4,717
- Tax, wage and social debts +€4,092
up €4,092 (+15.1%), from €27,039 to €31,131
of which Taxes: +€7,265
- Turnover +€96,961
up €96,961 (+78.7%), from €123,279 to €220,240
- Purchases and services +€86,317
up €86,317 (+110.8%), from €77,905 to €164,222
- Staff costs -€21,936
down €21,936 (-54.3%), from €40,413 to €18,477
- Gross operating margin +€10,644
up €10,644 (+23.5%), from €45,374 to €56,018
- Taxes +€7,903
up €7,903 (+758.1%), from €1,043 to €8,946
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,568 | €87,647 | +€47,079 | +116.0% |
| Fixed assets | 21/28 | €599 | €1,735 | +€1,135 | +189.4% |
| Tangible fixed assets | 22/27 | €599 | €1,735 | +€1,135 | +189.4% |
| Plant, machinery and equipment | 23 | €599 | €1,735 | +€1,135 | +189.4% |
| Current assets | 29/58 | €39,969 | €85,913 | +€45,944 | +114.9% |
| Stocks and contracts in progress | 3 | €17,507 | €48,187 | +€30,679 | +175.2% |
| Stocks | 30/36 | €17,507 | €48,187 | +€30,679 | +175.2% |
| Amounts receivable within one year | 40/41 | €13,087 | €23,963 | +€10,877 | +83.1% |
| Trade receivables | 40 | €12,158 | €23,903 | +€11,745 | +96.6% |
| Other amounts receivable | 41 | €928 | €60 | -€869 | -93.5% |
| Cash at bank and in hand | 54/58 | €9,375 | €13,763 | +€4,388 | +46.8% |
| Total equity and liabilities | 10/49 | €40,568 | €87,647 | +€47,079 | +116.0% |
| Equity | 10/15 | €12,672 | €37,815 | +€25,144 | +198.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,672 | €27,815 | +€25,144 | +941.1% |
| Amounts payable | 17/49 | €27,897 | €49,832 | +€21,935 | +78.6% |
| Amounts payable within one year | 42/48 | €27,897 | €49,832 | +€21,935 | +78.6% |
| Trade debts | 44 | €858 | €13,984 | +€13,127 | +1530.5% |
| Suppliers | 440/4 | €858 | €13,984 | +€13,127 | +1530.5% |
| Taxes, remuneration and social security | 45 | €27,039 | €31,131 | +€4,092 | +15.1% |
| Taxes | 450/3 | €11,526 | €18,791 | +€7,265 | +63.0% |
| Remuneration and social security | 454/9 | €15,513 | €12,339 | -€3,173 | -20.5% |
| Other amounts payable | 47/48 | - | €4,717 | +€4,717 | |
| Turnover | 70 | €123,279 | €220,240 | +€96,961 | +78.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €77,905 | €164,222 | +€86,317 | +110.8% |
| Remuneration, social security and pensions | 62 | €40,413 | €18,477 | -€21,936 | -54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61 | €295 | +€234 | +383.5% |
| Other operating charges | 640/8 | €423 | €2,659 | +€2,236 | +529.3% |
| Gross operating margin | 9900 | €45,374 | €56,018 | +€10,644 | +23.5% |
| Operating profit (loss) | 9901 | €4,478 | €34,588 | +€30,110 | +672.4% |
| Financial income | 75/76B | €32 | €0 | -€32 | -99.9% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -99.9% |
| Financial charges | 65/66B | €796 | €498 | -€297 | -37.4% |
| Recurring financial charges | 65 | €796 | €498 | -€297 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €3,714 | €34,090 | +€30,375 | +817.8% |
| Income taxes | 67/77 | €1,043 | €8,946 | +€7,903 | +758.1% |
| Profit (loss) for the period | 9904 | €2,672 | €25,144 | +€22,472 | +841.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,672 | €25,144 | +€22,472 | +841.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.