2MC: 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.
2MC
Largest movements
- Cash -€47,139
down €47,139 (-20.9%), from €225,554 to €178,415
mainly Contributions, distributions and other (-€57,500) and Net result for the year (-€31,694)
- Tangible fixed assets -€6,214
down €6,214 (-3.3%), from €191,061 to €184,847
of which Land and buildings: -€5,411
- Reserves -€57,500
down €57,500 (-41.7%), from €138,000 to €80,500
- Other debts +€41,170
up €41,170 (+35.4%), from €116,330 to €157,500
- Profit (loss) carried forward -€31,694
down €31,694 (-15.6%), from €203,006 to €171,312
- Gross operating margin -€22,382
down €22,382, from €5,647 to -€16,735
- Financial income +€2,045
up €2,045 (+113.6%), from €1,800 to €3,844
- Financial charges -€1,272
down €1,272 (-17.3%), from €7,343 to €6,070
- Depreciation -€519
down €519 (-5.1%), from €10,270 to €9,751
- Other operating charges +€441
up €441 (+18.4%), from €2,393 to €2,834
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €485,298 | €430,697 | -€54,601 | -11.3% |
| Fixed assets | 21/28 | €191,061 | €184,847 | -€6,214 | -3.3% |
| Tangible fixed assets | 22/27 | €191,061 | €184,847 | -€6,214 | -3.3% |
| Land and buildings | 22 | €189,746 | €184,334 | -€5,411 | -2.9% |
| Furniture and vehicles | 24 | €1,316 | €512 | -€803 | -61.1% |
| Current assets | 29/58 | €294,237 | €245,850 | -€48,387 | -16.4% |
| Amounts receivable within one year | 40/41 | €4,217 | €2,970 | -€1,247 | -29.6% |
| Trade receivables | 40 | €1,815 | €1,815 | = | 0.0% |
| Other amounts receivable | 41 | €2,402 | €1,155 | -€1,247 | -51.9% |
| Current investments | 50/53 | €64,466 | €64,466 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €225,554 | €178,415 | -€47,139 | -20.9% |
| Total equity and liabilities | 10/49 | €485,298 | €430,697 | -€54,601 | -11.3% |
| Equity | 10/15 | €356,006 | €266,812 | -€89,194 | -25.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €138,000 | €80,500 | -€57,500 | -41.7% |
| Distributable reserves | 133 | €138,000 | €80,500 | -€57,500 | -41.7% |
| Profit (loss) carried forward | 14 | €203,006 | €171,312 | -€31,694 | -15.6% |
| Amounts payable | 17/49 | €129,292 | €163,885 | +€34,593 | +26.8% |
| Amounts payable within one year | 42/48 | €128,385 | €162,935 | +€34,550 | +26.9% |
| Trade debts | 44 | €7,350 | €4,742 | -€2,609 | -35.5% |
| Suppliers | 440/4 | €7,350 | €4,742 | -€2,609 | -35.5% |
| Taxes, remuneration and social security | 45 | €4,705 | €694 | -€4,011 | -85.3% |
| Taxes | 450/3 | €3,688 | €694 | -€2,994 | -81.2% |
| Remuneration and social security | 454/9 | €1,017 | - | -€1,017 | |
| Other amounts payable | 47/48 | €116,330 | €157,500 | +€41,170 | +35.4% |
| Accrued charges and deferred income | 492/3 | €907 | €950 | +€43 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,270 | €9,751 | -€519 | -5.1% |
| Other operating charges | 640/8 | €2,393 | €2,834 | +€441 | +18.4% |
| Gross operating margin | 9900 | €5,647 | -€16,735 | -€22,382 | |
| Operating profit (loss) | 9901 | -€7,015 | -€29,319 | -€22,304 | -317.9% |
| Financial income | 75/76B | €1,800 | €3,844 | +€2,045 | +113.6% |
| Recurring financial income | 75 | €1,800 | €3,844 | +€2,045 | +113.6% |
| Financial charges | 65/66B | €7,343 | €6,070 | -€1,272 | -17.3% |
| Recurring financial charges | 65 | €7,343 | €6,070 | -€1,272 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,558 | -€31,545 | -€18,987 | -151.2% |
| Income taxes | 67/77 | €138 | €149 | +€11 | +7.6% |
| Profit (loss) for the period | 9904 | -€12,697 | -€31,694 | -€18,998 | -149.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,697 | -€31,694 | -€18,998 | -149.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.