Dr. MC: 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.
Dr. MC
Largest movements
- Cash +€89,994
up €89,994 (+75.6%), from €119,079 to €209,073
mainly Net result for the year (+€75,179) and Tax, wage and social debts (+€19,427)
- Tangible fixed assets -€11,113
down €11,113 (-29.0%), from €38,292 to €27,179
of which Furniture and vehicles: -€10,511
- Receivables within one year +€8,636
up €8,636 (+185%), from €4,667 to €13,303
- Reserves +€75,179
up €75,179 (+77.7%), from €96,740 to €171,919
- Tax, wage and social debts +€19,427
up €19,427 (+69.7%), from €27,887 to €47,314
- Debts after one year -€8,829
down €8,829 (-37.4%), from €23,604 to €14,775
- Gross operating margin -€36,629
down €36,629 (-25.4%), from €144,073 to €107,444
- Taxes -€8,460
down €8,460 (-30.3%), from €27,887 to €19,427
- Depreciation -€4,957
down €4,957 (-30.8%), from €16,070 to €11,113
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.
Derived cash bridge
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 | €162,038 | €249,803 | +€87,765 | +54.2% |
| Fixed assets | 21/28 | €38,292 | €27,179 | -€11,113 | -29.0% |
| Tangible fixed assets | 22/27 | €38,292 | €27,179 | -€11,113 | -29.0% |
| Plant, machinery and equipment | 23 | €642 | €40 | -€602 | -93.8% |
| Furniture and vehicles | 24 | €37,650 | €27,139 | -€10,511 | -27.9% |
| Current assets | 29/58 | €123,746 | €222,624 | +€98,878 | +79.9% |
| Amounts receivable within one year | 40/41 | €4,667 | €13,303 | +€8,636 | +185% |
| Trade receivables | 40 | €4,667 | €13,303 | +€8,636 | +185% |
| Cash at bank and in hand | 54/58 | €119,079 | €209,073 | +€89,994 | +75.6% |
| Deferred charges and accrued income | 490/1 | - | €249 | +€249 | |
| Total equity and liabilities | 10/49 | €162,038 | €249,803 | +€87,765 | +54.2% |
| Equity | 10/15 | €101,740 | €176,919 | +€75,179 | +73.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €96,740 | €171,919 | +€75,179 | +77.7% |
| Distributable reserves | 133 | €96,740 | €171,919 | +€75,179 | +77.7% |
| Amounts payable | 17/49 | €60,298 | €72,884 | +€12,586 | +20.9% |
| Amounts payable after more than one year | 17 | €23,604 | €14,775 | -€8,829 | -37.4% |
| Financial debts | 170/4 | €23,604 | €14,775 | -€8,829 | -37.4% |
| Amounts payable within one year | 42/48 | €36,517 | €58,108 | +€21,591 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €8,459 | €8,829 | +€370 | +4.4% |
| Trade debts | 44 | - | €992 | +€992 | |
| Suppliers | 440/4 | - | €992 | +€992 | |
| Taxes, remuneration and social security | 45 | €27,887 | €47,314 | +€19,427 | +69.7% |
| Taxes | 450/3 | €27,887 | €47,314 | +€19,427 | +69.7% |
| Other amounts payable | 47/48 | €171 | €973 | +€802 | +468% |
| Accrued charges and deferred income | 492/3 | €177 | - | -€177 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,070 | €11,113 | -€4,957 | -30.8% |
| Other operating charges | 640/8 | €753 | €306 | -€447 | -59.4% |
| Gross operating margin | 9900 | €144,073 | €107,444 | -€36,629 | -25.4% |
| Operating profit (loss) | 9901 | €127,250 | €96,025 | -€31,225 | -24.5% |
| Financial charges | 65/66B | €2,623 | €1,419 | -€1,205 | -45.9% |
| Recurring financial charges | 65 | €2,623 | €1,419 | -€1,205 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €124,627 | €94,606 | -€30,020 | -24.1% |
| Income taxes | 67/77 | €27,887 | €19,427 | -€8,460 | -30.3% |
| Profit (loss) for the period | 9904 | €96,740 | €75,179 | -€21,561 | -22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €96,740 | €75,179 | -€21,561 | -22.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.