MS2020: 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.
MS2020
Largest movements
- Tangible fixed assets -€2,618
down €2,618 (-17.7%), from €14,819 to €12,201
of which Furniture and vehicles: -€1,435
- Receivables within one year +€944
up €944 (+289.9%), from €326 to €1,270
of which Other amounts receivable: +€997
- Cash -€799
down €799 (-99.6%), from €802 to €3
mainly Net result for the year (-€31,413) and Receivables within one year (-€944)
- Profit (loss) carried forward -€31,413
down €31,413 (-69.1%), from -€45,479 to -€76,892
- Other debts +€23,982
up €23,982 (+58.5%), from €40,986 to €64,968
- Trade debts +€3,608
up €3,608 (+21.5%), from €16,794 to €20,402
- Accrued charges and deferred income +€1,545
up €1,545 (+61.9%), from €2,495 to €4,040
- Gross operating margin -€29,864
down €29,864, from €1,495 to -€28,369
- Staff costs +€1,207
no longer reported in 2023 (was -€1,207)
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 | €21,207 | €18,928 | -€2,279 | -10.7% |
| Fixed assets | 21/28 | €20,079 | €17,476 | -€2,602 | -13.0% |
| Tangible fixed assets | 22/27 | €14,819 | €12,201 | -€2,618 | -17.7% |
| Plant, machinery and equipment | 23 | €9,455 | €8,273 | -€1,183 | -12.5% |
| Furniture and vehicles | 24 | €5,363 | €3,928 | -€1,435 | -26.8% |
| Financial fixed assets | 28 | €5,260 | €5,275 | +€15 | +0.3% |
| Current assets | 29/58 | €1,128 | €1,452 | +€324 | +28.7% |
| Amounts receivable within one year | 40/41 | €326 | €1,270 | +€944 | +289.9% |
| Trade receivables | 40 | €53 | - | -€53 | |
| Other amounts receivable | 41 | €273 | €1,270 | +€997 | +365.0% |
| Cash at bank and in hand | 54/58 | €802 | €3 | -€799 | -99.6% |
| Deferred charges and accrued income | 490/1 | - | €178 | +€178 | |
| Total equity and liabilities | 10/49 | €21,207 | €18,928 | -€2,279 | -10.7% |
| Equity | 10/15 | -€40,479 | -€71,892 | -€31,413 | -77.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,479 | -€76,892 | -€31,413 | -69.1% |
| Amounts payable | 17/49 | €61,685 | €90,820 | +€29,135 | +47.2% |
| Amounts payable within one year | 42/48 | €59,191 | €86,781 | +€27,590 | +46.6% |
| Trade debts | 44 | €16,794 | €20,402 | +€3,608 | +21.5% |
| Suppliers | 440/4 | €16,794 | €20,402 | +€3,608 | +21.5% |
| Taxes, remuneration and social security | 45 | €1,411 | €1,411 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,411 | €1,411 | = | 0.0% |
| Other amounts payable | 47/48 | €40,986 | €64,968 | +€23,982 | +58.5% |
| Accrued charges and deferred income | 492/3 | €2,495 | €4,040 | +€1,545 | +61.9% |
| Remuneration, social security and pensions | 62 | -€1,207 | - | +€1,207 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,618 | €2,618 | +€0 | 0.0% |
| Gross operating margin | 9900 | €1,495 | -€28,369 | -€29,864 | |
| Operating profit (loss) | 9901 | €83 | -€30,987 | -€31,070 | |
| Financial income | 75/76B | €12 | €18 | +€7 | +56.7% |
| Recurring financial income | 75 | €12 | €18 | +€7 | +56.7% |
| Financial charges | 65/66B | €714 | €442 | -€272 | -38.1% |
| Recurring financial charges | 65 | €714 | €442 | -€272 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€619 | -€31,411 | -€30,792 | -4974.0% |
| Income taxes | 67/77 | €2 | €3 | +€1 | +67.9% |
| Profit (loss) for the period | 9904 | -€621 | -€31,413 | -€30,793 | -4961.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€621 | -€31,413 | -€30,793 | -4961.2% |
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 30 September 2026 via checked.be.