M's C HOLDING: 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's C HOLDING
Largest movements
- Cash +€2.0m
up €2.0m (+1,601%), from €127,022 to €2.2m
mainly Net result for the year (+€2.0m) and Investment in fixed assets (net) (+€65,556)
- Receivables within one year +€109,297
up €109,297 (+228%), from €47,889 to €157,186
- Financial fixed assets -€65,556
down €65,556 (-100%), from €65,556 to €0
- Receivables after one year -€55,379
down €55,379 (-14.9%), from €372,310 to €316,931
- Profit (loss) carried forward +€2.0m
up €2.0m (+69.9%), from -€2.9m to -€868,806
- Gross operating margin +€2.0m
up €2.0m, from -€2,782 to €2.0m
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 | €619,017 | €2,634,626 | +€2.0m | +326% |
| Fixed assets | 21/28 | €65,556 | €0 | -€65,556 | -100% |
| Financial fixed assets | 28 | €65,556 | €0 | -€65,556 | -100% |
| Current assets | 29/58 | €553,461 | €2,634,626 | +€2.1m | +376% |
| Amounts receivable after more than one year | 29 | €372,310 | €316,931 | -€55,379 | -14.9% |
| Other amounts receivable | 291 | €372,310 | €316,931 | -€55,379 | -14.9% |
| Amounts receivable within one year | 40/41 | €47,889 | €157,186 | +€109,297 | +228% |
| Other amounts receivable | 41 | €47,889 | €157,186 | +€109,297 | +228% |
| Cash at bank and in hand | 54/58 | €127,022 | €2,160,509 | +€2.0m | +1,601% |
| Deferred charges and accrued income | 490/1 | €6,240 | €0 | -€6,240 | -100% |
| Total equity and liabilities | 10/49 | €619,017 | €2,634,626 | +€2.0m | +326% |
| Equity | 10/15 | €616,543 | €2,632,194 | +€2.0m | +327% |
| Contributions | 10/11 | €3,480,000 | €3,480,000 | = | 0.0% |
| Capital | 10 | €3,480,000 | €3,480,000 | = | 0.0% |
| Issued capital | 100 | €3,480,000 | €3,480,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €21,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,000 | €21,000 | = | 0.0% |
| Legal reserve | 130 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,884,457 | -€868,806 | +€2.0m | +69.9% |
| Amounts payable | 17/49 | €2,474 | €2,433 | -€42 | -1.7% |
| Amounts payable within one year | 42/48 | €2,474 | €2,433 | -€42 | -1.7% |
| Trade debts | 44 | - | €2,433 | +€2,433 | |
| Suppliers | 440/4 | - | €2,433 | +€2,433 | |
| Taxes, remuneration and social security | 45 | €2,474 | €0 | -€2,474 | -100% |
| Taxes | 450/3 | €2,474 | €0 | -€2,474 | -100% |
| Other operating charges | 640/8 | €384 | €488 | +€103 | +26.8% |
| Gross operating margin | 9900 | -€2,782 | €2,009,008 | +€2.0m | |
| Operating profit (loss) | 9901 | -€3,167 | €2,008,520 | +€2.0m | |
| Financial income | 75/76B | €12,480 | €7,186 | -€5,294 | -42.4% |
| Recurring financial income | 75 | €12,480 | €7,186 | -€5,294 | -42.4% |
| Financial charges | 65/66B | €42 | €56 | +€15 | +34.9% |
| Recurring financial charges | 65 | €42 | €56 | +€15 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €9,272 | €2,015,651 | +€2.0m | +21,640% |
| Income taxes | 67/77 | €3,217 | €0 | -€3,217 | -100% |
| Profit (loss) for the period | 9904 | €6,054 | €2,015,651 | +€2.0m | +33,192% |
| Profit (loss) for the period to be appropriated | 9905 | €6,054 | €2,015,651 | +€2.0m | +33,192% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.