M.C. FISCAL: what changed
M.C. FISCAL
Largest movements
- Tangible fixed assets +€118,845
up €118,845 (+3,349%), from €3,548 to €122,394
- Intangible fixed assets -€42,500
down €42,500 (-12.5%), from €339,946 to €297,446
- Receivables within one year +€12,249
up €12,249 (+10.1%), from €121,388 to €133,637
- Debts after one year +€107,129
up €107,129 (+277%), from €38,618 to €145,747
- Other debts -€92,743
down €92,743 (-98.0%), from €94,639 to €1,896
- Profit (loss) carried forward +€61,336
up €61,336 (+26.0%), from €236,163 to €297,499
- Current portion of long-term debt +€25,003
up €25,003 (+174%), from €14,399 to €39,401
- Tax, wage and social debts -€16,613
down €16,613 (-19.9%), from €83,420 to €66,807
of which Taxes: -€12,429
- Gross operating margin +€38,119
up €38,119 (+16.8%), from €227,237 to €265,356
- Depreciation +€21,081
up €21,081 (+49.4%), from €42,692 to €63,773
- Staff costs +€8,283
up €8,283 (+19.4%), from €42,620 to €50,903
- Taxes -€7,325
down €7,325 (-18.5%), from €39,592 to €32,268
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €471,027 | €556,004 | +€84,977 | +18.0% |
| Fixed assets | 21/28 | €343,495 | €419,840 | +€76,345 | +22.2% |
| Intangible fixed assets | 21 | €339,946 | €297,446 | -€42,500 | -12.5% |
| Tangible fixed assets | 22/27 | €3,548 | €122,394 | +€118,845 | +3,349% |
| Furniture and vehicles | 24 | €3,548 | €122,394 | +€118,845 | +3,349% |
| Current assets | 29/58 | €127,532 | €136,164 | +€8,631 | +6.8% |
| Amounts receivable within one year | 40/41 | €121,388 | €133,637 | +€12,249 | +10.1% |
| Trade receivables | 40 | €121,388 | €133,637 | +€12,249 | +10.1% |
| Cash at bank and in hand | 54/58 | €6,145 | €2,527 | -€3,618 | -58.9% |
| Total equity and liabilities | 10/49 | €471,027 | €556,004 | +€84,977 | +18.0% |
| Equity | 10/15 | €238,163 | €299,499 | +€61,336 | +25.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,163 | €297,499 | +€61,336 | +26.0% |
| Amounts payable | 17/49 | €232,864 | €256,505 | +€23,641 | +10.2% |
| Amounts payable after more than one year | 17 | €38,618 | €145,747 | +€107,129 | +277% |
| Financial debts | 170/4 | €38,618 | €145,747 | +€107,129 | +277% |
| Amounts payable within one year | 42/48 | €194,245 | €110,758 | -€83,488 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €14,399 | €39,401 | +€25,003 | +174% |
| Trade debts | 44 | €1,788 | €2,653 | +€865 | +48.4% |
| Suppliers | 440/4 | €1,788 | €2,653 | +€865 | +48.4% |
| Taxes, remuneration and social security | 45 | €83,420 | €66,807 | -€16,613 | -19.9% |
| Taxes | 450/3 | €74,444 | €62,015 | -€12,429 | -16.7% |
| Remuneration and social security | 454/9 | €8,976 | €4,792 | -€4,183 | -46.6% |
| Other amounts payable | 47/48 | €94,639 | €1,896 | -€92,743 | -98.0% |
| Remuneration, social security and pensions | 62 | €42,620 | €50,903 | +€8,283 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,692 | €63,773 | +€21,081 | +49.4% |
| Other operating charges | 640/8 | €191 | €1,935 | +€1,744 | +916% |
| Gross operating margin | 9900 | €227,237 | €265,356 | +€38,119 | +16.8% |
| Operating profit (loss) | 9901 | €141,734 | €148,745 | +€7,011 | +4.9% |
| Financial charges | 65/66B | €3,836 | €5,142 | +€1,306 | +34.0% |
| Recurring financial charges | 65 | €3,836 | €5,142 | +€1,306 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €137,898 | €143,603 | +€5,705 | +4.1% |
| Income taxes | 67/77 | €39,592 | €32,268 | -€7,325 | -18.5% |
| Profit (loss) for the period | 9904 | €98,306 | €111,336 | +€13,030 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,306 | €111,336 | +€13,030 | +13.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.