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
- Cash +€80,335
up €80,335 (+348%), from €23,062 to €103,398
mainly Net result for the year (+€93,207) and Debts after one year (+€24,364)
- Tangible fixed assets +€38,666
new in 2025: €38,666
- Receivables within one year +€3,517
up €3,517 (+34.8%), from €10,111 to €13,629
of which Trade receivables: +€3,213
- Reserves +€93,207
up €93,207 (+331%), from €28,157 to €121,364
- Debts after one year +€24,364
new in 2025: €24,364
- Current portion of long-term debt +€6,315
new in 2025: €6,315
- Gross operating margin +€84,930
up €84,930 (+240%), from €35,365 to €120,295
- Taxes +€17,557
up €17,557 (+246%), from €7,139 to €24,695
- Depreciation +€1,565
new in 2025: €1,565
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 | €33,274 | €155,792 | +€122,518 | +368% |
| Fixed assets | 21/28 | €100 | €38,766 | +€38,666 | +38,666% |
| Tangible fixed assets | 22/27 | - | €38,666 | +€38,666 | |
| Furniture and vehicles | 24 | - | €38,666 | +€38,666 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €33,174 | €117,026 | +€83,853 | +253% |
| Amounts receivable within one year | 40/41 | €10,111 | €13,629 | +€3,517 | +34.8% |
| Trade receivables | 40 | €10,111 | €13,324 | +€3,213 | +31.8% |
| Other amounts receivable | 41 | - | €305 | +€305 | |
| Cash at bank and in hand | 54/58 | €23,062 | €103,398 | +€80,335 | +348% |
| Total equity and liabilities | 10/49 | €33,274 | €155,792 | +€122,518 | +368% |
| Equity | 10/15 | €29,657 | €122,864 | +€93,207 | +314% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €28,157 | €121,364 | +€93,207 | +331% |
| Distributable reserves | 133 | €28,157 | €121,364 | +€93,207 | +331% |
| Amounts payable | 17/49 | €3,616 | €32,928 | +€29,312 | +811% |
| Amounts payable after more than one year | 17 | - | €24,364 | +€24,364 | |
| Financial debts | 170/4 | - | €24,364 | +€24,364 | |
| Amounts payable within one year | 42/48 | €3,616 | €8,564 | +€4,947 | +137% |
| Current portion of amounts payable after more than one year | 42 | - | €6,315 | +€6,315 | |
| Trade debts | 44 | €1,478 | €110 | -€1,368 | -92.6% |
| Suppliers | 440/4 | €1,478 | €110 | -€1,368 | -92.6% |
| Taxes, remuneration and social security | 45 | €2,139 | €2,139 | = | 0.0% |
| Taxes | 450/3 | €2,139 | €2,139 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,565 | +€1,565 | |
| Other operating charges | 640/8 | €50 | €173 | +€123 | +246% |
| Gross operating margin | 9900 | €35,365 | €120,295 | +€84,930 | +240% |
| Operating profit (loss) | 9901 | €35,315 | €118,557 | +€83,242 | +236% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €19 | €659 | +€640 | +3,414% |
| Recurring financial charges | 65 | €19 | €659 | +€640 | +3,414% |
| Profit (loss) for the period before taxes | 9903 | €35,296 | €117,902 | +€82,606 | +234% |
| Income taxes | 67/77 | €7,139 | €24,695 | +€17,557 | +246% |
| Profit (loss) for the period | 9904 | €28,157 | €93,207 | +€65,049 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €28,157 | €93,207 | +€65,049 | +231% |
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 19 October 2026 via checked.be.