M. W. 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. W. Care
Largest movements
- Tangible fixed assets +€35,800
up €35,800 (+12.0%), from €298,564 to €334,364
of which Land and buildings: +€43,797
- Cash +€6,881
up €6,881 (+37.9%), from €18,147 to €25,027
mainly Depreciation (+€38,684) and Debts after one year (+€35,618)
- Debts after one year +€35,618
up €35,618 (+15.2%), from €233,643 to €269,260
- Current portion of long-term debt +€4,898
up €4,898 (+24.7%), from €19,793 to €24,691
- Depreciation +€8,521
up €8,521 (+28.3%), from €30,162 to €38,684
- Gross operating margin -€6,661
down €6,661 (-11.9%), from €56,158 to €49,497
- Taxes -€5,288
down €5,288 (-88.1%), from €6,005 to €718
- Financial charges +€1,503
up €1,503 (+30.2%), from €4,970 to €6,473
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 | €317,550 | €361,744 | +€44,194 | +13.9% |
| Formation expenses | 20 | €322 | €70 | -€252 | -78.2% |
| Fixed assets | 21/28 | €298,564 | €334,364 | +€35,800 | +12.0% |
| Tangible fixed assets | 22/27 | €298,564 | €334,364 | +€35,800 | +12.0% |
| Land and buildings | 22 | €258,749 | €302,545 | +€43,797 | +16.9% |
| Plant, machinery and equipment | 23 | €3,119 | €6,208 | +€3,089 | +99.0% |
| Furniture and vehicles | 24 | €36,696 | €25,611 | -€11,085 | -30.2% |
| Current assets | 29/58 | €18,664 | €27,310 | +€8,645 | +46.3% |
| Amounts receivable within one year | 40/41 | €518 | €283 | -€235 | -45.4% |
| Other amounts receivable | 41 | €518 | €283 | -€235 | -45.4% |
| Cash at bank and in hand | 54/58 | €18,147 | €25,027 | +€6,881 | +37.9% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €317,550 | €361,744 | +€44,194 | +13.9% |
| Equity | 10/15 | €52,659 | €53,478 | +€819 | +1.6% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €45,659 | €46,478 | +€819 | +1.8% |
| Distributable reserves | 133 | €45,659 | €46,478 | +€819 | +1.8% |
| Amounts payable | 17/49 | €264,891 | €308,266 | +€43,375 | +16.4% |
| Amounts payable after more than one year | 17 | €233,643 | €269,260 | +€35,618 | +15.2% |
| Financial debts | 170/4 | €233,643 | €269,260 | +€35,618 | +15.2% |
| Amounts payable within one year | 42/48 | €31,248 | €38,453 | +€7,205 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €19,793 | €24,691 | +€4,898 | +24.7% |
| Trade debts | 44 | €515 | - | -€515 | |
| Suppliers | 440/4 | €515 | - | -€515 | |
| Taxes, remuneration and social security | 45 | - | €2,915 | +€2,915 | |
| Taxes | 450/3 | - | €1,148 | +€1,148 | |
| Remuneration and social security | 454/9 | - | €1,767 | +€1,767 | |
| Other amounts payable | 47/48 | €10,940 | €10,847 | -€92 | -0.8% |
| Accrued charges and deferred income | 492/3 | - | €552 | +€552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,162 | €38,684 | +€8,521 | +28.3% |
| Other operating charges | 640/8 | €1,028 | €1,085 | +€57 | +5.5% |
| Gross operating margin | 9900 | €56,158 | €49,497 | -€6,661 | -11.9% |
| Operating profit (loss) | 9901 | €24,967 | €9,728 | -€15,239 | -61.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,970 | €6,473 | +€1,503 | +30.2% |
| Recurring financial charges | 65 | €4,970 | €6,473 | +€1,503 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €19,997 | €3,255 | -€16,742 | -83.7% |
| Income taxes | 67/77 | €6,005 | €718 | -€5,288 | -88.1% |
| Profit (loss) for the period | 9904 | €13,992 | €2,537 | -€11,454 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,992 | €2,537 | -€11,454 | -81.9% |
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 28 October 2026 via checked.be.