MX477: 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.
MX477
Largest movements
- Stocks and contracts -€20,588
down €20,588 (-14.0%), from €147,574 to €126,987
- Tangible fixed assets -€14,338
down €14,338 (-36.3%), from €39,522 to €25,184
- Receivables within one year +€13,285
up €13,285 (+54.3%), from €24,488 to €37,773
of which Other amounts receivable: +€7,813
- Cash -€5,052
down €5,052 (-6.4%), from €78,817 to €73,765
mainly Short-term financial debts (-€13,785) and Receivables within one year (-€13,285)
- Short-term financial debts -€13,785
no longer reported in 2024 (was €13,785)
- Profit (loss) carried forward -€6,174
down €6,174 (-28.4%), from -€21,759 to -€27,933
- Debts after one year -€5,209
down €5,209 (-24.0%), from €21,702 to €16,493
- Trade debts -€4,987
down €4,987 (-22.1%), from €22,595 to €17,608
- Tax, wage and social debts +€4,719
up €4,719 (+142.0%), from €3,324 to €8,043
of which Taxes: +€4,719
- Gross operating margin +€18,471
up €18,471, from -€3,136 to €15,336
- Other operating charges -€8,779
down €8,779 (-79.6%), from €11,032 to €2,253
- Financial charges +€5,219
up €5,219 (+170.0%), from €3,071 to €8,290
- Financial income +€2,729
up €2,729 (+424.8%), from €643 to €3,372
- Depreciation +€1,622
up €1,622 (+12.8%), from €12,716 to €14,338
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 | €294,516 | €268,082 | -€26,434 | -9.0% |
| Fixed assets | 21/28 | €39,522 | €25,184 | -€14,338 | -36.3% |
| Tangible fixed assets | 22/27 | €39,522 | €25,184 | -€14,338 | -36.3% |
| Land and buildings | 22 | €1,609 | €1,354 | -€255 | -15.9% |
| Plant, machinery and equipment | 23 | €11,433 | €7,100 | -€4,333 | -37.9% |
| Furniture and vehicles | 24 | €14,436 | €7,528 | -€6,908 | -47.9% |
| Other tangible fixed assets | 26 | €12,044 | €9,202 | -€2,842 | -23.6% |
| Current assets | 29/58 | €254,995 | €242,898 | -€12,096 | -4.7% |
| Stocks and contracts in progress | 3 | €147,574 | €126,987 | -€20,588 | -14.0% |
| Stocks | 30/36 | €147,574 | €126,987 | -€20,588 | -14.0% |
| Amounts receivable within one year | 40/41 | €24,488 | €37,773 | +€13,285 | +54.3% |
| Trade receivables | 40 | €9,016 | €14,488 | +€5,472 | +60.7% |
| Other amounts receivable | 41 | €15,472 | €23,285 | +€7,813 | +50.5% |
| Cash at bank and in hand | 54/58 | €78,817 | €73,765 | -€5,052 | -6.4% |
| Deferred charges and accrued income | 490/1 | €4,115 | €4,373 | +€258 | +6.3% |
| Total equity and liabilities | 10/49 | €294,516 | €268,082 | -€26,434 | -9.0% |
| Equity | 10/15 | €137,810 | €131,636 | -€6,174 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €140,969 | €140,969 | = | 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% |
| Distributable reserves | 133 | €139,109 | €139,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,759 | -€27,933 | -€6,174 | -28.4% |
| Amounts payable | 17/49 | €156,707 | €136,446 | -€20,261 | -12.9% |
| Amounts payable after more than one year | 17 | €21,702 | €16,493 | -€5,209 | -24.0% |
| Financial debts | 170/4 | €21,702 | €16,493 | -€5,209 | -24.0% |
| Amounts payable within one year | 42/48 | €134,932 | €119,889 | -€15,044 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €4,918 | €5,209 | +€291 | +5.9% |
| Financial debts | 43 | €13,785 | - | -€13,785 | |
| Credit institutions | 430/8 | €13,785 | - | -€13,785 | |
| Trade debts | 44 | €22,595 | €17,608 | -€4,987 | -22.1% |
| Suppliers | 440/4 | €22,595 | €17,608 | -€4,987 | -22.1% |
| Taxes, remuneration and social security | 45 | €3,324 | €8,043 | +€4,719 | +142.0% |
| Taxes | 450/3 | €824 | €5,543 | +€4,719 | +572.7% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €90,310 | €89,028 | -€1,282 | -1.4% |
| Accrued charges and deferred income | 492/3 | €72 | €64 | -€8 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,716 | €14,338 | +€1,622 | +12.8% |
| Other operating charges | 640/8 | €11,032 | €2,253 | -€8,779 | -79.6% |
| Gross operating margin | 9900 | -€3,136 | €15,336 | +€18,471 | |
| Operating profit (loss) | 9901 | -€26,884 | -€1,256 | +€25,628 | +95.3% |
| Financial income | 75/76B | €643 | €3,372 | +€2,729 | +424.8% |
| Recurring financial income | 75 | €643 | €3,372 | +€2,729 | +424.8% |
| Financial charges | 65/66B | €3,071 | €8,290 | +€5,219 | +170.0% |
| Recurring financial charges | 65 | €3,071 | €8,290 | +€5,219 | +170.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,312 | -€6,174 | +€23,138 | +78.9% |
| Profit (loss) for the period | 9904 | -€29,312 | -€6,174 | +€23,138 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,312 | -€6,174 | +€23,138 | +78.9% |
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 28 September 2026 via checked.be.