MP3 KITCHEN: 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.
MP3 KITCHEN
Largest movements
- Receivables within one year -€104,074
down €104,074 (-47.0%), from €221,581 to €117,507
of which Trade receivables: -€103,470
- Tangible fixed assets -€50,501
down €50,501 (-20.8%), from €242,680 to €192,179
of which Other tangible fixed assets: -€29,960
- Formation expenses -€13,012
down €13,012 (-39.1%), from €33,286 to €20,274
- Profit (loss) carried forward -€203,753
down €203,753 (-254.8%), from -€79,974 to -€283,728
- Short-term financial debts +€48,183
up €48,183 (+199.1%), from €24,197 to €72,380
- Debts after one year -€47,132
down €47,132 (-19.7%), from €238,878 to €191,747
- Trade debts +€44,932
up €44,932 (+37.0%), from €121,346 to €166,278
- Advances received -€31,178
down €31,178 (-10.9%), from €285,960 to €254,782
- Gross operating margin -€64,714
down €64,714 (-81.1%), from €79,827 to €15,114
- Financial income -€24,129
down €24,129 (-75.5%), from €31,940 to €7,811
- Staff costs -€12,041
down €12,041 (-7.8%), from €153,938 to €141,897
- Financial charges +€2,920
up €2,920 (+41.8%), from €6,993 to €9,912
- Depreciation -€2,625
down €2,625 (-4.0%), from €66,138 to €63,513
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 | €770,647 | €598,868 | -€171,779 | -22.3% |
| Formation expenses | 20 | €33,286 | €20,274 | -€13,012 | -39.1% |
| Fixed assets | 21/28 | €242,855 | €192,354 | -€50,501 | -20.8% |
| Tangible fixed assets | 22/27 | €242,680 | €192,179 | -€50,501 | -20.8% |
| Plant, machinery and equipment | 23 | €61 | - | -€61 | |
| Furniture and vehicles | 24 | €23,466 | €11,786 | -€11,680 | -49.8% |
| Leasing and similar rights | 25 | €34,166 | €25,366 | -€8,800 | -25.8% |
| Other tangible fixed assets | 26 | €184,987 | €155,027 | -€29,960 | -16.2% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €494,507 | €386,240 | -€108,266 | -21.9% |
| Stocks and contracts in progress | 3 | €267,103 | €261,576 | -€5,526 | -2.1% |
| Stocks | 30/36 | €121,022 | €92,001 | -€29,021 | -24.0% |
| Contracts in progress | 37 | €146,081 | €169,576 | +€23,495 | +16.1% |
| Amounts receivable within one year | 40/41 | €221,581 | €117,507 | -€104,074 | -47.0% |
| Trade receivables | 40 | €220,889 | €117,419 | -€103,470 | -46.8% |
| Other amounts receivable | 41 | €692 | €87 | -€605 | -87.4% |
| Cash at bank and in hand | 54/58 | €2,750 | - | -€2,750 | |
| Deferred charges and accrued income | 490/1 | €3,073 | €7,157 | +€4,085 | +132.9% |
| Total equity and liabilities | 10/49 | €770,647 | €598,868 | -€171,779 | -22.3% |
| Equity | 10/15 | €20,026 | -€183,728 | -€203,753 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,974 | -€283,728 | -€203,753 | -254.8% |
| Amounts payable | 17/49 | €750,621 | €782,596 | +€31,974 | +4.3% |
| Amounts payable after more than one year | 17 | €238,878 | €191,747 | -€47,132 | -19.7% |
| Financial debts | 170/4 | €238,878 | €191,747 | -€47,132 | -19.7% |
| Amounts payable within one year | 42/48 | €511,743 | €590,203 | +€78,459 | +15.3% |
| Current portion of amounts payable after more than one year | 42 | €59,661 | €69,023 | +€9,363 | +15.7% |
| Financial debts | 43 | €24,197 | €72,380 | +€48,183 | +199.1% |
| Credit institutions | 430/8 | €24,197 | €72,380 | +€48,183 | +199.1% |
| Trade debts | 44 | €121,346 | €166,278 | +€44,932 | +37.0% |
| Suppliers | 440/4 | €121,346 | €166,278 | +€44,932 | +37.0% |
| Advances received on contracts in progress | 46 | €285,960 | €254,782 | -€31,178 | -10.9% |
| Taxes, remuneration and social security | 45 | €17,490 | €25,156 | +€7,665 | +43.8% |
| Taxes | 450/3 | €760 | €7,788 | +€7,028 | +924.3% |
| Remuneration and social security | 454/9 | €16,730 | €17,368 | +€637 | +3.8% |
| Other amounts payable | 47/48 | €3,090 | €2,584 | -€506 | -16.4% |
| Accrued charges and deferred income | 492/3 | - | €647 | +€647 | |
| Remuneration, social security and pensions | 62 | €153,938 | €141,897 | -€12,041 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,138 | €63,513 | -€2,625 | -4.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €246 | -€477 | -€723 | |
| Other operating charges | 640/8 | €10,749 | €11,405 | +€655 | +6.1% |
| Non-recurring operating charges | 66A | - | €15 | +€15 | |
| Gross operating margin | 9900 | €79,827 | €15,114 | -€64,714 | -81.1% |
| Operating profit (loss) | 9901 | -€151,244 | -€201,239 | -€49,995 | -33.1% |
| Financial income | 75/76B | €31,940 | €7,811 | -€24,129 | -75.5% |
| Recurring financial income | 75 | €31,940 | €7,811 | -€24,129 | -75.5% |
| Financial charges | 65/66B | €6,993 | €9,912 | +€2,920 | +41.8% |
| Recurring financial charges | 65 | €6,993 | €9,912 | +€2,920 | +41.8% |
| Profit (loss) for the period before taxes | 9903 | -€126,297 | -€203,340 | -€77,044 | -61.0% |
| Income taxes | 67/77 | €412 | €413 | +€1 | +0.1% |
| Profit (loss) for the period | 9904 | -€126,709 | -€203,753 | -€77,044 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€126,709 | -€203,753 | -€77,044 | -60.8% |
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 5 October 2026 via checked.be.