M CAR TECH: 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.
M CAR TECH
Largest movements
- Receivables within one year +€169,033
up €169,033 (+107.8%), from €156,766 to €325,799
of which Trade receivables: +€170,857
- Cash +€24,467
up €24,467 (+355.5%), from €6,883 to €31,350
mainly Trade debts (+€86,102) and Tax, wage and social debts (+€60,975)
- Stocks and contracts -€22,500
down €22,500 (-19.5%), from €115,533 to €93,033
of which Contracts in progress: -€22,500
- Tangible fixed assets -€14,210
down €14,210 (-6.1%), from €231,766 to €217,556
of which Land and buildings: -€8,938
- Trade debts +€86,102
up €86,102 (+213.0%), from €40,425 to €126,527
- Tax, wage and social debts +€60,975
up €60,975 (+241.2%), from €25,277 to €86,252
of which Taxes: +€36,738
- Debts after one year -€39,867
down €39,867 (-16.3%), from €244,495 to €204,628
- Other debts +€22,697
up €22,697 (+21.7%), from €104,582 to €127,279
- Profit (loss) carried forward +€21,393
up €21,393 (+31.1%), from -€68,898 to -€47,505
- Gross operating margin +€44,017
up €44,017 (+34.3%), from €128,419 to €172,436
- Staff costs +€25,602
up €25,602 (+32.2%), from €79,460 to €105,062
- Depreciation -€4,711
down €4,711 (-24.9%), from €18,920 to €14,209
- Other operating charges +€3,594
up €3,594 (+329.7%), from €1,090 to €4,684
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,533 | €669,443 | +€156,910 | +30.6% |
| Fixed assets | 21/28 | €233,351 | €219,261 | -€14,090 | -6.0% |
| Tangible fixed assets | 22/27 | €231,766 | €217,556 | -€14,210 | -6.1% |
| Land and buildings | 22 | €200,732 | €191,794 | -€8,938 | -4.5% |
| Plant, machinery and equipment | 23 | €7,940 | €5,612 | -€2,328 | -29.3% |
| Other tangible fixed assets | 26 | €23,094 | €20,150 | -€2,944 | -12.7% |
| Financial fixed assets | 28 | €1,585 | €1,705 | +€120 | +7.6% |
| Current assets | 29/58 | €279,182 | €450,182 | +€171,000 | +61.3% |
| Stocks and contracts in progress | 3 | €115,533 | €93,033 | -€22,500 | -19.5% |
| Stocks | 30/36 | €73,033 | €73,033 | = | 0.0% |
| Contracts in progress | 37 | €42,500 | €20,000 | -€22,500 | -52.9% |
| Amounts receivable within one year | 40/41 | €156,766 | €325,799 | +€169,033 | +107.8% |
| Trade receivables | 40 | €154,942 | €325,799 | +€170,857 | +110.3% |
| Other amounts receivable | 41 | €1,824 | - | -€1,824 | |
| Cash at bank and in hand | 54/58 | €6,883 | €31,350 | +€24,467 | +355.5% |
| Total equity and liabilities | 10/49 | €512,533 | €669,443 | +€156,910 | +30.6% |
| Equity | 10/15 | -€5,687 | €15,706 | +€21,393 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,011 | €57,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,151 | €55,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,898 | -€47,505 | +€21,393 | +31.1% |
| Amounts payable | 17/49 | €518,220 | €653,737 | +€135,517 | +26.2% |
| Amounts payable after more than one year | 17 | €244,495 | €204,628 | -€39,867 | -16.3% |
| Financial debts | 170/4 | €244,495 | €204,628 | -€39,867 | -16.3% |
| Amounts payable within one year | 42/48 | €261,509 | €429,925 | +€168,416 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €41,225 | €39,867 | -€1,358 | -3.3% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €40,425 | €126,527 | +€86,102 | +213.0% |
| Suppliers | 440/4 | €40,425 | €126,527 | +€86,102 | +213.0% |
| Taxes, remuneration and social security | 45 | €25,277 | €86,252 | +€60,975 | +241.2% |
| Taxes | 450/3 | €9,910 | €46,648 | +€36,738 | +370.7% |
| Remuneration and social security | 454/9 | €15,367 | €39,604 | +€24,237 | +157.7% |
| Other amounts payable | 47/48 | €104,582 | €127,279 | +€22,697 | +21.7% |
| Accrued charges and deferred income | 492/3 | €12,216 | €19,184 | +€6,968 | +57.0% |
| Remuneration, social security and pensions | 62 | €79,460 | €105,062 | +€25,602 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,920 | €14,209 | -€4,711 | -24.9% |
| Other operating charges | 640/8 | €1,090 | €4,684 | +€3,594 | +329.7% |
| Gross operating margin | 9900 | €128,419 | €172,436 | +€44,017 | +34.3% |
| Operating profit (loss) | 9901 | €28,949 | €48,481 | +€19,532 | +67.5% |
| Financial income | 75/76B | €1,597 | €64 | -€1,533 | -96.0% |
| Recurring financial income | 75 | €1,597 | €64 | -€1,533 | -96.0% |
| Financial charges | 65/66B | €27,333 | €27,152 | -€181 | -0.7% |
| Recurring financial charges | 65 | €27,333 | €27,152 | -€181 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €3,213 | €21,393 | +€18,180 | +565.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €3,213 | €21,393 | +€18,180 | +565.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,213 | €21,393 | +€18,180 | +565.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.