MX PROGRESS: 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.
MX PROGRESS
Largest movements
- Stocks and contracts +€9,246
up €9,246 (+72.3%), from €12,781 to €22,026
- Receivables within one year +€6,668
up €6,668 (+33.6%), from €19,849 to €26,517
of which Trade receivables: +€7,699
- Tangible fixed assets -€3,127
down €3,127 (-33.8%), from €9,258 to €6,131
- Other debts +€21,321
up €21,321 (+87.1%), from €24,485 to €45,806
- Trade debts -€12,413
down €12,413 (-71.4%), from €17,379 to €4,966
- Tax, wage and social debts +€4,118
new in 2024: €4,118
- Turnover -€25,146
no longer reported in 2024 (was €25,146)
- Purchases and services -€10,820
no longer reported in 2024 (was €10,820)
- Gross operating margin -€8,162
down €8,162 (-57.0%), from €14,329 to €6,167
- Taxes -€1,811
no longer reported in 2024 (was €1,811)
- Depreciation +€1,008
up €1,008 (+47.6%), from €2,119 to €3,127
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.
Cash bridge derived
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 | €41,907 | €54,933 | +€13,026 | +31.1% |
| Fixed assets | 21/28 | €9,258 | €6,131 | -€3,127 | -33.8% |
| Tangible fixed assets | 22/27 | €9,258 | €6,131 | -€3,127 | -33.8% |
| Furniture and vehicles | 24 | €9,258 | €6,131 | -€3,127 | -33.8% |
| Current assets | 29/58 | €32,649 | €48,802 | +€16,153 | +49.5% |
| Stocks and contracts in progress | 3 | €12,781 | €22,026 | +€9,246 | +72.3% |
| Stocks | 30/36 | €12,781 | €22,026 | +€9,246 | +72.3% |
| Amounts receivable within one year | 40/41 | €19,849 | €26,517 | +€6,668 | +33.6% |
| Trade receivables | 40 | €18,818 | €26,517 | +€7,699 | +40.9% |
| Other amounts receivable | 41 | €1,031 | - | -€1,031 | |
| Cash at bank and in hand | 54/58 | €20 | €259 | +€240 | +1226.8% |
| Total equity and liabilities | 10/49 | €41,907 | €54,933 | +€13,026 | +31.1% |
| Equity | 10/15 | €43 | €43 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,957 | -€1,957 | = | 0.0% |
| Amounts payable | 17/49 | €41,864 | €54,890 | +€13,026 | +31.1% |
| Amounts payable within one year | 42/48 | €41,864 | €54,890 | +€13,026 | +31.1% |
| Trade debts | 44 | €17,379 | €4,966 | -€12,413 | -71.4% |
| Suppliers | 440/4 | €17,379 | €4,966 | -€12,413 | -71.4% |
| Taxes, remuneration and social security | 45 | - | €4,118 | +€4,118 | |
| Taxes | 450/3 | - | €4,118 | +€4,118 | |
| Other amounts payable | 47/48 | €24,485 | €45,806 | +€21,321 | +87.1% |
| Turnover | 70 | €25,146 | - | -€25,146 | |
| Goods, raw materials, services and sundry goods | 60/61 | €10,820 | - | -€10,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,119 | €3,127 | +€1,008 | +47.6% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Non-recurring operating charges | 66A | €582 | - | -€582 | |
| Gross operating margin | 9900 | €14,329 | €6,167 | -€8,162 | -57.0% |
| Operating profit (loss) | 9901 | €11,528 | €3,040 | -€8,488 | -73.6% |
| Financial charges | 65/66B | - | €281 | +€281 | |
| Recurring financial charges | 65 | - | €131 | +€131 | |
| Non-recurring financial charges | 66B | - | €150 | +€150 | |
| Profit (loss) for the period before taxes | 9903 | €11,528 | €2,759 | -€8,769 | -76.1% |
| Income taxes | 67/77 | €1,811 | - | -€1,811 | |
| Profit (loss) for the period | 9904 | €9,718 | €2,759 | -€6,959 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,718 | €2,759 | -€6,959 | -71.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.