MC: 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.
MC
Largest movements
- Cash +€50,208
up €50,208 (+50.0%), from €100,425 to €150,633
mainly Net result for the year (+€140,681) and Depreciation (+€12,737)
- Tangible fixed assets -€12,591
down €12,591 (-76.7%), from €16,414 to €3,822
- Receivables within one year +€3,240
up €3,240 (+4.2%), from €78,034 to €81,274
of which Other amounts receivable: +€4,311
- Profit (loss) carried forward +€92,181
up €92,181 (+124.3%), from €74,182 to €166,363
- Other debts -€48,341
down €48,341 (-60.5%), from €79,846 to €31,505
- Tax, wage and social debts -€3,253
down €3,253 (-12.5%), from €26,093 to €22,840
- Gross operating margin +€95,368
up €95,368 (+88.7%), from €107,478 to €202,846
- Taxes +€22,484
up €22,484 (+111.1%), from €20,234 to €42,718
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
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 | €194,872 | €235,814 | +€40,942 | +21.0% |
| Fixed assets | 21/28 | €16,414 | €3,822 | -€12,591 | -76.7% |
| Tangible fixed assets | 22/27 | €16,414 | €3,822 | -€12,591 | -76.7% |
| Furniture and vehicles | 24 | €16,414 | €3,822 | -€12,591 | -76.7% |
| Current assets | 29/58 | €178,459 | €231,992 | +€53,533 | +30.0% |
| Amounts receivable within one year | 40/41 | €78,034 | €81,274 | +€3,240 | +4.2% |
| Trade receivables | 40 | €67,845 | €66,774 | -€1,071 | -1.6% |
| Other amounts receivable | 41 | €10,189 | €14,500 | +€4,311 | +42.3% |
| Cash at bank and in hand | 54/58 | €100,425 | €150,633 | +€50,208 | +50.0% |
| Deferred charges and accrued income | 490/1 | - | €84 | +€84 | |
| Total equity and liabilities | 10/49 | €194,872 | €235,814 | +€40,942 | +21.0% |
| Equity | 10/15 | €76,182 | €168,363 | +€92,181 | +121.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,182 | €166,363 | +€92,181 | +124.3% |
| Amounts payable | 17/49 | €118,691 | €67,451 | -€51,239 | -43.2% |
| Amounts payable within one year | 42/48 | €118,691 | €67,451 | -€51,239 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €12,660 | €12,854 | +€194 | +1.5% |
| Trade debts | 44 | €90 | €252 | +€161 | +178.4% |
| Suppliers | 440/4 | €90 | €252 | +€161 | +178.4% |
| Taxes, remuneration and social security | 45 | €26,093 | €22,840 | -€3,253 | -12.5% |
| Taxes | 450/3 | €26,093 | €22,840 | -€3,253 | -12.5% |
| Other amounts payable | 47/48 | €79,846 | €31,505 | -€48,341 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,314 | €12,737 | -€577 | -4.3% |
| Other operating charges | 640/8 | €1,735 | €1,855 | +€120 | +6.9% |
| Non-recurring operating charges | 66A | - | €2,028 | +€2,028 | |
| Gross operating margin | 9900 | €107,478 | €202,846 | +€95,368 | +88.7% |
| Operating profit (loss) | 9901 | €92,429 | €186,226 | +€93,797 | +101.5% |
| Financial income | 75/76B | €1,346 | €766 | -€581 | -43.1% |
| Recurring financial income | 75 | €1,346 | €766 | -€581 | -43.1% |
| Financial charges | 65/66B | €3,837 | €3,592 | -€245 | -6.4% |
| Recurring financial charges | 65 | €3,837 | €3,592 | -€245 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €89,938 | €183,400 | +€93,461 | +103.9% |
| Income taxes | 67/77 | €20,234 | €42,718 | +€22,484 | +111.1% |
| Profit (loss) for the period | 9904 | €69,704 | €140,681 | +€70,977 | +101.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,704 | €140,681 | +€70,977 | +101.8% |
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 7 October 2026 via checked.be.