M.C.: 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.
M.C.
Largest movements
- Cash +€13,502
up €13,502 (+12.0%), from €112,613 to €126,115
mainly Other debts (+€160,648) and Net result for the year (+€103,773)
- Deferred charges and accrued income +€8,000
new in 2025: €8,000
- Other debts +€160,648
up €160,648, from €0 to €160,648
- Profit (loss) carried forward -€146,227
down €146,227 (-96.7%), from €151,221 to €4,994
- Tax, wage and social debts +€6,788
up €6,788 (+47.6%), from €14,249 to €21,037
of which Taxes: +€4,399
- Gross operating margin -€44,081
down €44,081 (-23.5%), from €187,455 to €143,374
- Taxes -€8,778
down €8,778 (-22.3%), from €39,358 to €30,580
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 | €193,298 | €215,192 | +€21,894 | +11.3% |
| Fixed assets | 21/28 | €52,519 | €51,491 | -€1,028 | -2.0% |
| Tangible fixed assets | 22/27 | €52,519 | €51,491 | -€1,028 | -2.0% |
| Furniture and vehicles | 24 | €2,780 | €8,213 | +€5,433 | +195% |
| Other tangible fixed assets | 26 | €49,739 | €43,278 | -€6,461 | -13.0% |
| Current assets | 29/58 | €140,779 | €163,701 | +€22,922 | +16.3% |
| Amounts receivable within one year | 40/41 | €28,167 | €29,586 | +€1,420 | +5.0% |
| Trade receivables | 40 | €28,167 | €28,167 | +€0 | 0.0% |
| Other amounts receivable | 41 | - | €1,420 | +€1,420 | |
| Cash at bank and in hand | 54/58 | €112,613 | €126,115 | +€13,502 | +12.0% |
| Deferred charges and accrued income | 490/1 | - | €8,000 | +€8,000 | |
| Total equity and liabilities | 10/49 | €193,298 | €215,192 | +€21,894 | +11.3% |
| Equity | 10/15 | €171,626 | €25,399 | -€146,227 | -85.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 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% |
| Profit (loss) carried forward | 14 | €151,221 | €4,994 | -€146,227 | -96.7% |
| Amounts payable | 17/49 | €21,672 | €189,793 | +€168,120 | +776% |
| Amounts payable within one year | 42/48 | €21,672 | €189,793 | +€168,120 | +776% |
| Trade debts | 44 | €7,423 | €8,108 | +€684 | +9.2% |
| Suppliers | 440/4 | €7,423 | €8,108 | +€684 | +9.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,249 | €21,037 | +€6,788 | +47.6% |
| Taxes | 450/3 | €14,208 | €18,607 | +€4,399 | +31.0% |
| Remuneration and social security | 454/9 | €41 | €2,430 | +€2,389 | +5,798% |
| Other amounts payable | 47/48 | €0 | €160,648 | +€160,648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,956 | €8,466 | +€1,510 | +21.7% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €187,455 | €143,374 | -€44,081 | -23.5% |
| Operating profit (loss) | 9901 | €180,358 | €134,763 | -€45,595 | -25.3% |
| Financial charges | 65/66B | €157 | €410 | +€253 | +161% |
| Recurring financial charges | 65 | €157 | €410 | +€253 | +161% |
| Profit (loss) for the period before taxes | 9903 | €180,201 | €134,354 | -€45,848 | -25.4% |
| Income taxes | 67/77 | €39,358 | €30,580 | -€8,778 | -22.3% |
| Profit (loss) for the period | 9904 | €140,843 | €103,773 | -€37,069 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,843 | €103,773 | -€37,069 | -26.3% |
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 1 November 2026 via checked.be.