M&Y CAR: 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&Y CAR
Largest movements
- Stocks and contracts -€27,832
down €27,832 (-15.7%), from €177,657 to €149,825
- Receivables within one year +€17,904
up €17,904 (+437%), from €4,100 to €22,004
- Cash -€5,398
down €5,398 (-63.6%), from €8,489 to €3,090
mainly Other debts (-€19,688) and Receivables within one year (-€17,904)
- Tangible fixed assets +€4,389
up €4,389 (+208%), from €2,107 to €6,496
of which Other tangible fixed assets: +€4,910
- Other debts -€19,688
down €19,688 (-90.7%), from €21,712 to €2,024
- Trade debts +€6,219
up €6,219 (+4.0%), from €157,145 to €163,364
- Gross operating margin +€2,777
up €2,777 (+4.6%), from €60,499 to €63,276
- Staff costs +€2,198
up €2,198 (+4.1%), from €53,764 to €55,963
- Depreciation -€714
down €714 (-19.9%), from €3,585 to €2,871
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 | €192,859 | €181,415 | -€11,444 | -5.9% |
| Fixed assets | 21/28 | €2,107 | €6,496 | +€4,389 | +208% |
| Tangible fixed assets | 22/27 | €2,107 | €6,496 | +€4,389 | +208% |
| Plant, machinery and equipment | 23 | €434 | €1,586 | +€1,152 | +266% |
| Furniture and vehicles | 24 | €1,673 | - | -€1,673 | |
| Other tangible fixed assets | 26 | - | €4,910 | +€4,910 | |
| Current assets | 29/58 | €190,752 | €174,920 | -€15,833 | -8.3% |
| Stocks and contracts in progress | 3 | €177,657 | €149,825 | -€27,832 | -15.7% |
| Stocks | 30/36 | €177,657 | €149,825 | -€27,832 | -15.7% |
| Amounts receivable within one year | 40/41 | €4,100 | €22,004 | +€17,904 | +437% |
| Trade receivables | 40 | €4,100 | €22,004 | +€17,904 | +437% |
| Cash at bank and in hand | 54/58 | €8,489 | €3,090 | -€5,398 | -63.6% |
| Deferred charges and accrued income | 490/1 | €506 | - | -€506 | |
| Total equity and liabilities | 10/49 | €192,859 | €181,415 | -€11,444 | -5.9% |
| Equity | 10/15 | -€3,769 | -€2,703 | +€1,066 | +28.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,769 | -€5,703 | +€1,066 | +15.8% |
| Amounts payable | 17/49 | €196,628 | €184,118 | -€12,510 | -6.4% |
| Amounts payable within one year | 42/48 | €196,628 | €184,118 | -€12,510 | -6.4% |
| Trade debts | 44 | €157,145 | €163,364 | +€6,219 | +4.0% |
| Suppliers | 440/4 | €157,145 | €163,364 | +€6,219 | +4.0% |
| Taxes, remuneration and social security | 45 | €17,771 | €18,730 | +€959 | +5.4% |
| Taxes | 450/3 | €6,397 | €4,124 | -€2,273 | -35.5% |
| Remuneration and social security | 454/9 | €11,374 | €14,605 | +€3,232 | +28.4% |
| Other amounts payable | 47/48 | €21,712 | €2,024 | -€19,688 | -90.7% |
| Remuneration, social security and pensions | 62 | €53,764 | €55,963 | +€2,198 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,585 | €2,871 | -€714 | -19.9% |
| Other operating charges | 640/8 | €2,851 | €2,743 | -€109 | -3.8% |
| Gross operating margin | 9900 | €60,499 | €63,276 | +€2,777 | +4.6% |
| Operating profit (loss) | 9901 | €298 | €1,699 | +€1,401 | +469% |
| Financial income | 75/76B | €30 | €3 | -€27 | -88.5% |
| Recurring financial income | 75 | €30 | €3 | -€27 | -88.5% |
| Financial charges | 65/66B | €174 | €168 | -€6 | -3.5% |
| Recurring financial charges | 65 | €174 | €168 | -€6 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €155 | €1,535 | +€1,380 | +891% |
| Income taxes | 67/77 | - | €469 | +€469 | |
| Profit (loss) for the period | 9904 | €155 | €1,066 | +€911 | +588% |
| Profit (loss) for the period to be appropriated | 9905 | €155 | €1,066 | +€911 | +588% |
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 31 October 2026 via checked.be.