M-CR: 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-CR
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward -€214
down €214 (-0.1%), from -€230,105 to -€230,319
- Other debts +€214
up €214 (+0.1%), from €222,545 to €222,759
- Financial charges -€5,448
no longer reported in 2025 (was €5,448)
- Gross operating margin -€214
down €214, from €0 to -€214
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €500 | €500 | = | 0.0% |
| Fixed assets | 21/28 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €500 | €500 | = | 0.0% |
| Equity | 10/15 | -€222,045 | -€222,259 | -€214 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€230,105 | -€230,319 | -€214 | -0.1% |
| Amounts payable | 17/49 | €222,545 | €222,759 | +€214 | +0.1% |
| Amounts payable within one year | 42/48 | €222,545 | €222,759 | +€214 | +0.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €222,545 | €222,759 | +€214 | +0.1% |
| Gross operating margin | 9900 | €0 | -€214 | -€214 | |
| Operating profit (loss) | 9901 | €0 | -€214 | -€214 | |
| Financial charges | 65/66B | €5,448 | - | -€5,448 | |
| Recurring financial charges | 65 | €5,448 | - | -€5,448 | |
| Profit (loss) for the period before taxes | 9903 | -€5,448 | -€214 | +€5,234 | +96.1% |
| Profit (loss) for the period | 9904 | -€5,448 | -€214 | +€5,234 | +96.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,448 | -€214 | +€5,234 | +96.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.