M.COMPANY: what changed
M.COMPANY
Largest movements
- Cash -€183,158
down €183,158 (-88.8%), from €206,321 to €23,163
mainly Debts after one year (-€208,582) and Contributions, distributions and other (-€82,128)
- Tangible fixed assets -€76,017
down €76,017 (-4.5%), from €1.7m to €1.6m
of which Land and buildings: -€64,115
- Debts after one year -€208,582
down €208,582 (-17.1%), from €1.2m to €1.0m
of which Financial debts: -€133,582
- Reserves -€82,128
down €82,128 (-32.4%), from €253,631 to €171,503
of which Distributable reserves: -€82,128
- Other debts +€60,228
up €60,228 (+93.1%), from €64,699 to €124,928
- Profit (loss) carried forward -€44,514
down €44,514 (-23.3%), from €191,093 to €146,579
- Gross operating margin -€66,734
down €66,734 (-45.7%), from €146,003 to €79,269
- Financial charges -€23,162
down €23,162 (-50.3%), from €46,080 to €22,918
- Taxes -€1,758
down €1,758, from €1,605 to -€152
- Depreciation +€1,712
up €1,712 (+2.0%), from €86,144 to €87,857
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 | €1,915,960 | €1,642,917 | -€273,043 | -14.3% |
| Fixed assets | 21/28 | €1,693,415 | €1,617,398 | -€76,017 | -4.5% |
| Tangible fixed assets | 22/27 | €1,693,415 | €1,617,398 | -€76,017 | -4.5% |
| Land and buildings | 22 | €1,658,662 | €1,594,546 | -€64,115 | -3.9% |
| Furniture and vehicles | 24 | €34,753 | €22,852 | -€11,902 | -34.2% |
| Current assets | 29/58 | €222,545 | €25,519 | -€197,026 | -88.5% |
| Amounts receivable within one year | 40/41 | €14,183 | €386 | -€13,797 | -97.3% |
| Other amounts receivable | 41 | €14,183 | €386 | -€13,797 | -97.3% |
| Cash at bank and in hand | 54/58 | €206,321 | €23,163 | -€183,158 | -88.8% |
| Deferred charges and accrued income | 490/1 | €2,041 | €1,971 | -€70 | -3.4% |
| Total equity and liabilities | 10/49 | €1,915,960 | €1,642,917 | -€273,043 | -14.3% |
| Equity | 10/15 | €463,324 | €336,682 | -€126,641 | -27.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,631 | €171,503 | -€82,128 | -32.4% |
| 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 | €251,771 | €169,643 | -€82,128 | -32.6% |
| Profit (loss) carried forward | 14 | €191,093 | €146,579 | -€44,514 | -23.3% |
| Amounts payable | 17/49 | €1,452,637 | €1,306,235 | -€146,401 | -10.1% |
| Amounts payable after more than one year | 17 | €1,221,848 | €1,013,265 | -€208,582 | -17.1% |
| Financial debts | 170/4 | €976,848 | €843,265 | -€133,582 | -13.7% |
| Other amounts payable | 178/9 | €245,000 | €170,000 | -€75,000 | -30.6% |
| Amounts payable within one year | 42/48 | €220,760 | €288,898 | +€68,138 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €131,947 | €135,555 | +€3,607 | +2.7% |
| Trade debts | 44 | €15,552 | €21,723 | +€6,171 | +39.7% |
| Suppliers | 440/4 | €15,552 | €21,723 | +€6,171 | +39.7% |
| Taxes, remuneration and social security | 45 | €8,562 | €6,693 | -€1,869 | -21.8% |
| Taxes | 450/3 | €7,812 | €5,026 | -€2,785 | -35.7% |
| Remuneration and social security | 454/9 | €750 | €1,667 | +€917 | +122% |
| Other amounts payable | 47/48 | €64,699 | €124,928 | +€60,228 | +93.1% |
| Accrued charges and deferred income | 492/3 | €10,029 | €4,072 | -€5,957 | -59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,144 | €87,857 | +€1,712 | +2.0% |
| Other operating charges | 640/8 | €12,473 | €13,408 | +€935 | +7.5% |
| Gross operating margin | 9900 | €146,003 | €79,269 | -€66,734 | -45.7% |
| Operating profit (loss) | 9901 | €47,386 | -€21,996 | -€69,382 | |
| Financial income | 75/76B | €923 | €249 | -€675 | -73.1% |
| Recurring financial income | 75 | €923 | €249 | -€675 | -73.1% |
| Financial charges | 65/66B | €46,080 | €22,918 | -€23,162 | -50.3% |
| Recurring financial charges | 65 | €46,080 | €22,918 | -€23,162 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €2,229 | -€44,666 | -€46,894 | |
| Income taxes | 67/77 | €1,605 | -€152 | -€1,758 | |
| Profit (loss) for the period | 9904 | €623 | -€44,514 | -€45,137 | |
| Profit (loss) for the period to be appropriated | 9905 | €623 | -€44,514 | -€45,137 |
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 2 November 2026 via checked.be.