M TOP CAR: what changed
M TOP CAR
Largest movements
- Stocks and contracts +€42,262
up €42,262 (+142%), from €29,722 to €71,983
- Cash -€36,271
down €36,271 (-34.8%), from €104,302 to €68,031
mainly Stocks and contracts (-€42,262) and Net result for the year (-€25,827)
- Receivables within one year -€35,275
down €35,275 (-84.0%), from €41,999 to €6,724
of which Trade receivables: -€31,450
- Profit (loss) carried forward -€15,827
down €15,827 (-58.7%), from -€26,969 to -€42,796
- Other debts -€14,607
down €14,607 (-10.9%), from €133,988 to €119,381
- Trade debts +€11,438
up €11,438 (+27.6%), from €41,441 to €52,880
- Tax, wage and social debts -€8,805
down €8,805 (-84.6%), from €10,405 to €1,600
of which Taxes: -€10,405
- Taxes +€8,119
no longer reported in 2025 (was -€8,119)
- Gross operating margin +€4,820
up €4,820 (+16.6%), from -€28,948 to -€24,128
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 | €177,464 | €149,664 | -€27,800 | -15.7% |
| Current assets | 29/58 | €177,464 | €149,664 | -€27,800 | -15.7% |
| Stocks and contracts in progress | 3 | €29,722 | €71,983 | +€42,262 | +142% |
| Stocks | 30/36 | €29,722 | €71,983 | +€42,262 | +142% |
| Amounts receivable within one year | 40/41 | €41,999 | €6,724 | -€35,275 | -84.0% |
| Trade receivables | 40 | €31,450 | - | -€31,450 | |
| Other amounts receivable | 41 | €10,549 | €6,724 | -€3,825 | -36.3% |
| Current investments | 50/53 | - | €1,447 | +€1,447 | |
| Cash at bank and in hand | 54/58 | €104,302 | €68,031 | -€36,271 | -34.8% |
| Deferred charges and accrued income | 490/1 | €1,442 | €1,479 | +€37 | +2.6% |
| Total equity and liabilities | 10/49 | €177,464 | €149,664 | -€27,800 | -15.7% |
| Equity | 10/15 | -€8,369 | -€24,196 | -€15,827 | -189% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,969 | -€42,796 | -€15,827 | -58.7% |
| Amounts payable | 17/49 | €185,834 | €173,860 | -€11,973 | -6.4% |
| Amounts payable within one year | 42/48 | €185,834 | €173,860 | -€11,973 | -6.4% |
| Trade debts | 44 | €41,441 | €52,880 | +€11,438 | +27.6% |
| Suppliers | 440/4 | €41,441 | €52,880 | +€11,438 | +27.6% |
| Taxes, remuneration and social security | 45 | €10,405 | €1,600 | -€8,805 | -84.6% |
| Taxes | 450/3 | €10,405 | - | -€10,405 | |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Other amounts payable | 47/48 | €133,988 | €119,381 | -€14,607 | -10.9% |
| Other operating charges | 640/8 | €1,663 | €1,565 | -€99 | -5.9% |
| Non-recurring operating charges | 66A | €5,400 | - | -€5,400 | |
| Gross operating margin | 9900 | -€28,948 | -€24,128 | +€4,820 | +16.6% |
| Operating profit (loss) | 9901 | -€36,011 | -€25,693 | +€10,318 | +28.7% |
| Financial income | 75/76B | €1 | €10 | +€10 | +1,545% |
| Recurring financial income | 75 | €1 | €10 | +€10 | +1,545% |
| Financial charges | 65/66B | €184 | €144 | -€40 | -21.7% |
| Recurring financial charges | 65 | €184 | €144 | -€40 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,195 | -€25,827 | +€10,368 | +28.6% |
| Income taxes | 67/77 | -€8,119 | - | +€8,119 | |
| Profit (loss) for the period | 9904 | -€28,076 | -€25,827 | +€2,249 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,076 | -€25,827 | +€2,249 | +8.0% |
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 1 November 2026 via checked.be.