M&C LANDSCAPE: 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 LANDSCAPE
Largest movements
- Receivables within one year +€9,409
up €9,409 (+740%), from €1,271 to €10,680
of which Trade receivables: +€9,680
- Other debts +€8,000
up €8,000 (+46.2%), from €17,299 to €25,299
- Debts after one year -€6,209
down €6,209 (-46.6%), from €13,328 to €7,119
- Reserves +€4,178
up €4,178 (+225%), from €1,860 to €6,038
- Tax, wage and social debts +€2,735
up €2,735, from €0 to €2,735
- Gross operating margin +€7,548
up €7,548, from -€623 to €6,925
- Taxes +€1,219
up €1,219, from €0 to €1,219
- Financial charges -€314
down €314 (-24.1%), from €1,299 to €986
- Other operating charges +€95
up €95 (+21.1%), from €448 to €543
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 | €83,895 | €93,248 | +€9,353 | +11.1% |
| Fixed assets | 21/28 | €82,568 | €82,568 | = | 0.0% |
| Tangible fixed assets | 22/27 | €82,568 | €82,568 | = | 0.0% |
| Land and buildings | 22 | €82,568 | €82,568 | = | 0.0% |
| Current assets | 29/58 | €1,327 | €10,680 | +€9,353 | +705% |
| Amounts receivable within one year | 40/41 | €1,271 | €10,680 | +€9,409 | +740% |
| Trade receivables | 40 | - | €9,680 | +€9,680 | |
| Other amounts receivable | 41 | €1,271 | €1,000 | -€271 | -21.3% |
| Cash at bank and in hand | 54/58 | €56 | €0 | -€56 | -100% |
| Total equity and liabilities | 10/49 | €83,895 | €93,248 | +€9,353 | +11.1% |
| Equity | 10/15 | €47,387 | €51,565 | +€4,178 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €6,038 | +€4,178 | +225% |
| Distributable reserves | 133 | €1,860 | €6,038 | +€4,178 | +225% |
| Profit (loss) carried forward | 14 | €26,927 | €26,927 | = | 0.0% |
| Amounts payable | 17/49 | €36,508 | €41,683 | +€5,175 | +14.2% |
| Amounts payable after more than one year | 17 | €13,328 | €7,119 | -€6,209 | -46.6% |
| Financial debts | 170/4 | €13,328 | €7,119 | -€6,209 | -46.6% |
| Amounts payable within one year | 42/48 | €23,180 | €34,564 | +€11,384 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €5,881 | €6,209 | +€329 | +5.6% |
| Financial debts | 43 | - | €298 | +€298 | |
| Credit institutions | 430/8 | - | €298 | +€298 | |
| Trade debts | 44 | €0 | €23 | +€23 | |
| Suppliers | 440/4 | €0 | €23 | +€23 | |
| Taxes, remuneration and social security | 45 | €0 | €2,735 | +€2,735 | |
| Taxes | 450/3 | €0 | €2,735 | +€2,735 | |
| Other amounts payable | 47/48 | €17,299 | €25,299 | +€8,000 | +46.2% |
| Other operating charges | 640/8 | €448 | €543 | +€95 | +21.1% |
| Gross operating margin | 9900 | -€623 | €6,925 | +€7,548 | |
| Operating profit (loss) | 9901 | -€1,071 | €6,382 | +€7,454 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €1,299 | €986 | -€314 | -24.1% |
| Recurring financial charges | 65 | €1,299 | €986 | -€314 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,369 | €5,397 | +€7,766 | |
| Income taxes | 67/77 | €0 | €1,219 | +€1,219 | |
| Profit (loss) for the period | 9904 | -€2,369 | €4,178 | +€6,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,369 | €4,178 | +€6,547 |
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 27 October 2026 via checked.be.