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.
M.N. Management
Largest movements
- Receivables within one year +€53,851
up €53,851 (+42.5%), from €126,734 to €180,585
of which Trade receivables: +€41,500
- Deferred charges and accrued income +€4,373
up €4,373 (+65.8%), from €6,644 to €11,017
- Tangible fixed assets -€3,052
down €3,052 (-3.4%), from €90,802 to €87,750
of which Land and buildings: -€3,671
- Other debts +€70,320
up €70,320 (+2866.7%), from €2,453 to €72,773
- Current portion of long-term debt -€11,203
down €11,203 (-74.2%), from €15,104 to €3,901
- Trade debts +€7,460
up €7,460 (+23.4%), from €31,869 to €39,329
- Profit (loss) carried forward -€5,589
new in 2024: -€5,589
- Tax, wage and social debts -€5,042
down €5,042 (-23.4%), from €21,539 to €16,497
of which Taxes: -€5,342
- Gross operating margin -€10,469
down €10,469 (-42.4%), from €24,693 to €14,224
- Taxes -€2,902
down €2,902 (-89.1%), from €3,258 to €356
- Other operating charges +€2,809
up €2,809 (+112.1%), from €2,506 to €5,315
- Financial charges +€1,037
up €1,037 (+11.2%), from €9,268 to €10,305
of which Financial charges: +€1,942
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 | €224,256 | €279,426 | +€55,170 | +24.6% |
| Fixed assets | 21/28 | €90,802 | €87,750 | -€3,052 | -3.4% |
| Tangible fixed assets | 22/27 | €90,802 | €87,750 | -€3,052 | -3.4% |
| Land and buildings | 22 | €90,802 | €87,131 | -€3,671 | -4.0% |
| Plant, machinery and equipment | 23 | - | €619 | +€619 | |
| Current assets | 29/58 | €133,454 | €191,676 | +€58,222 | +43.6% |
| Amounts receivable within one year | 40/41 | €126,734 | €180,585 | +€53,851 | +42.5% |
| Trade receivables | 40 | €10,722 | €52,222 | +€41,500 | +387.1% |
| Other amounts receivable | 41 | €116,012 | €128,363 | +€12,351 | +10.6% |
| Cash at bank and in hand | 54/58 | €76 | €74 | -€2 | -2.6% |
| Deferred charges and accrued income | 490/1 | €6,644 | €11,017 | +€4,373 | +65.8% |
| Total equity and liabilities | 10/49 | €224,256 | €279,426 | +€55,170 | +24.6% |
| Equity | 10/15 | €47,857 | €42,268 | -€5,589 | -11.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €29,307 | €29,307 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €27,452 | €27,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,589 | -€5,589 | |
| Amounts payable | 17/49 | €176,399 | €237,158 | +€60,759 | +34.4% |
| Amounts payable after more than one year | 17 | €104,658 | €104,658 | = | 0.0% |
| Financial debts | 170/4 | €104,658 | €104,658 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,965 | €132,500 | +€61,535 | +86.7% |
| Current portion of amounts payable after more than one year | 42 | €15,104 | €3,901 | -€11,203 | -74.2% |
| Trade debts | 44 | €31,869 | €39,329 | +€7,460 | +23.4% |
| Suppliers | 440/4 | €31,869 | €39,329 | +€7,460 | +23.4% |
| Taxes, remuneration and social security | 45 | €21,539 | €16,497 | -€5,042 | -23.4% |
| Taxes | 450/3 | €21,539 | €16,197 | -€5,342 | -24.8% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €2,453 | €72,773 | +€70,320 | +2866.7% |
| Accrued charges and deferred income | 492/3 | €776 | - | -€776 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,671 | €3,837 | +€166 | +4.5% |
| Other operating charges | 640/8 | €2,506 | €5,315 | +€2,809 | +112.1% |
| Gross operating margin | 9900 | €24,693 | €14,224 | -€10,469 | -42.4% |
| Operating profit (loss) | 9901 | €18,516 | €5,072 | -€13,444 | -72.6% |
| Financial charges | 65/66B | €9,268 | €10,305 | +€1,037 | +11.2% |
| Recurring financial charges | 65 | €8,363 | €10,305 | +€1,942 | +23.2% |
| Non-recurring financial charges | 66B | €905 | - | -€905 | |
| Profit (loss) for the period before taxes | 9903 | €9,248 | -€5,233 | -€14,481 | |
| Income taxes | 67/77 | €3,258 | €356 | -€2,902 | -89.1% |
| Profit (loss) for the period | 9904 | €5,990 | -€5,589 | -€11,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,990 | -€5,589 | -€11,579 |
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.