M CARE: 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 CARE
Largest movements
- Tangible fixed assets +€149,407
up €149,407 (+239%), from €62,594 to €212,001
of which Other tangible fixed assets: +€141,331
- Cash +€28,381
up €28,381 (+64.6%), from €43,904 to €72,285
mainly Net result for the year (+€112,122) and Tax, wage and social debts (+€50,751)
- Profit (loss) carried forward +€112,122
up €112,122 (+144%), from €77,919 to €190,041
- Tax, wage and social debts +€50,751
up €50,751 (+175%), from €29,065 to €79,817
of which Taxes: +€36,304
- Trade debts +€16,591
up €16,591 (+251%), from €6,616 to €23,207
- Other debts -€3,649
down €3,649 (-52.6%), from €6,937 to €3,288
- Gross operating margin +€120,988
up €120,988 (+46.0%), from €263,295 to €384,283
- Staff costs +€86,561
up €86,561 (+76.6%), from €113,047 to €199,608
- Taxes +€31,836
up €31,836 (+712%), from €4,468 to €36,304
- Depreciation +€13,356
up €13,356 (+147%), from €9,113 to €22,469
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 | €123,538 | €299,353 | +€175,815 | +142% |
| Fixed assets | 21/28 | €71,794 | €221,201 | +€149,407 | +208% |
| Tangible fixed assets | 22/27 | €62,594 | €212,001 | +€149,407 | +239% |
| Plant, machinery and equipment | 23 | €12,592 | €22,175 | +€9,584 | +76.1% |
| Furniture and vehicles | 24 | €3,061 | €1,554 | -€1,507 | -49.2% |
| Other tangible fixed assets | 26 | €46,941 | €188,272 | +€141,331 | +301% |
| Financial fixed assets | 28 | €9,200 | €9,200 | = | 0.0% |
| Current assets | 29/58 | €51,744 | €78,151 | +€26,408 | +51.0% |
| Stocks and contracts in progress | 3 | €3,817 | €830 | -€2,987 | -78.3% |
| Stocks | 30/36 | €3,817 | €830 | -€2,987 | -78.3% |
| Amounts receivable within one year | 40/41 | €4,023 | €5,037 | +€1,014 | +25.2% |
| Trade receivables | 40 | €3,555 | €3,555 | = | 0.0% |
| Other amounts receivable | 41 | €468 | €1,482 | +€1,014 | +217% |
| Cash at bank and in hand | 54/58 | €43,904 | €72,285 | +€28,381 | +64.6% |
| Total equity and liabilities | 10/49 | €123,538 | €299,353 | +€175,815 | +142% |
| Equity | 10/15 | €80,919 | €193,041 | +€112,122 | +139% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,919 | €190,041 | +€112,122 | +144% |
| Amounts payable | 17/49 | €42,619 | €106,312 | +€63,693 | +149% |
| Amounts payable within one year | 42/48 | €42,619 | €106,312 | +€63,693 | +149% |
| Trade debts | 44 | €6,616 | €23,207 | +€16,591 | +251% |
| Suppliers | 440/4 | €6,616 | €23,207 | +€16,591 | +251% |
| Taxes, remuneration and social security | 45 | €29,065 | €79,817 | +€50,751 | +175% |
| Taxes | 450/3 | €4,468 | €40,773 | +€36,304 | +812% |
| Remuneration and social security | 454/9 | €24,597 | €39,044 | +€14,447 | +58.7% |
| Other amounts payable | 47/48 | €6,937 | €3,288 | -€3,649 | -52.6% |
| Remuneration, social security and pensions | 62 | €113,047 | €199,608 | +€86,561 | +76.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,113 | €22,469 | +€13,356 | +147% |
| Other operating charges | 640/8 | €4,311 | €5,125 | +€814 | +18.9% |
| Gross operating margin | 9900 | €263,295 | €384,283 | +€120,988 | +46.0% |
| Operating profit (loss) | 9901 | €136,824 | €157,081 | +€20,256 | +14.8% |
| Financial charges | 65/66B | €5,955 | €8,655 | +€2,700 | +45.3% |
| Recurring financial charges | 65 | €5,955 | €8,655 | +€2,700 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €130,870 | €148,426 | +€17,556 | +13.4% |
| Income taxes | 67/77 | €4,468 | €36,304 | +€31,836 | +712% |
| Profit (loss) for the period | 9904 | €126,401 | €112,122 | -€14,280 | -11.3% |
| Profit (loss) for the period to be appropriated | 9905 | €126,401 | €112,122 | -€14,280 | -11.3% |
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 15 October 2026 via checked.be.