MXBROTHERS: what changed
Two financial 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.
MXBROTHERS
Largest movements
- Tangible fixed assets +€678,375
up €678,375 (+179%), from €379,347 to €1.1m
of which Land and buildings: +€935,381
- Stocks and contracts -€36,738
no longer reported in 2021 (was €36,738)
- Equity +€525,143
up €525,143 (+308%), from €170,678 to €695,821
of which Contributions: +€751,758
- Debts after one year +€92,449
up €92,449 (+39.3%), from €235,129 to €327,578
- Debts within one year +€18,689
up €18,689 (+105%), from €17,815 to €36,503
of which Advances received: +€25,000
- Gross operating margin -€63,400
down €63,400, from €17,661 to -€45,740
- Depreciation +€7,798
up €7,798 (+47.2%), from €16,515 to €24,313
- Financial charges +€4,553
new in 2021: €4,553
- Other operating charges +€2,009
new in 2021: €2,009
From the 2020 result to the 2021 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.
Derived cash bridge
Derived from the 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,622 | €1,059,903 | +€636,281 | +150% |
| Fixed assets | 21/28 | €379,347 | €1,057,722 | +€678,375 | +179% |
| Tangible fixed assets | 22/27 | €379,347 | €1,057,722 | +€678,375 | +179% |
| Land and buildings | 22 | - | €935,381 | +€935,381 | |
| Plant, machinery and equipment | 23 | - | €15,205 | +€15,205 | |
| Furniture and vehicles | 24 | - | €83,741 | +€83,741 | |
| Other tangible fixed assets | 26 | - | €23,395 | +€23,395 | |
| Current assets | 29/58 | €44,275 | €2,180 | -€42,094 | -95.1% |
| Stocks and contracts in progress | 3 | €36,738 | - | -€36,738 | |
| Amounts receivable within one year | 40/41 | €739 | €2,066 | +€1,327 | +180% |
| Other amounts receivable | 41 | - | €2,066 | +€2,066 | |
| Cash at bank and in hand | 54/58 | €6,798 | €115 | -€6,683 | -98.3% |
| Total equity and liabilities | 10/49 | €423,622 | €1,059,903 | +€636,281 | +150% |
| Equity | 10/15 | €170,678 | €695,821 | +€525,143 | +308% |
| Contributions | 10/11 | - | €751,758 | +€751,758 | |
| Contributions outside capital | 11 | - | €751,758 | +€751,758 | |
| Other | 1109/19 | - | €751,758 | +€751,758 | |
| Profit (loss) carried forward | 14 | -€102,922 | -€55,937 | +€46,985 | +45.7% |
| Amounts payable | 17/49 | €252,944 | €364,082 | +€111,138 | +43.9% |
| Amounts payable after more than one year | 17 | €235,129 | €327,578 | +€92,449 | +39.3% |
| Financial debts | 170/4 | - | €327,578 | +€327,578 | |
| Amounts payable within one year | 42/48 | €17,815 | €36,503 | +€18,689 | +105% |
| Current portion of amounts payable after more than one year | 42 | - | €5,286 | +€5,286 | |
| Trade debts | 44 | €2,256 | €6,217 | +€3,961 | +176% |
| Suppliers | 440/4 | - | €6,217 | +€6,217 | |
| Advances received on contracts in progress | 46 | - | €25,000 | +€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,515 | €24,313 | +€7,798 | +47.2% |
| Other operating charges | 640/8 | - | €2,009 | +€2,009 | |
| Gross operating margin | 9900 | €17,661 | -€45,740 | -€63,400 | |
| Operating profit (loss) | 9901 | -€341 | -€72,061 | -€71,721 | -21,062% |
| Financial charges | 65/66B | - | €4,553 | +€4,553 | |
| Recurring financial charges | 65 | €7,430 | €4,553 | -€2,877 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | -€7,771 | -€76,615 | -€68,844 | -886% |
| Profit (loss) for the period | 9904 | -€7,771 | -€76,615 | -€68,844 | -886% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,771 | -€76,615 | -€68,844 | -886% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.