MC BARGING: 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.
MC BARGING
Largest movements
- Cash -€30,205
down €30,205 (-77.4%), from €39,000 to €8,795
mainly Debts after one year (-€37,100) and Other debts (-€34,051)
- Receivables within one year +€18,973
up €18,973 (+149.3%), from €12,705 to €31,678
of which Trade receivables: +€10,406
- Tangible fixed assets -€8,218
down €8,218 (-2.0%), from €406,754 to €398,536
of which Land and buildings: -€10,825
- Reserves +€41,841
up €41,841 (+16.9%), from €247,013 to €288,854
of which Non-distributable reserves: +€41,800
- Debts after one year -€37,100
down €37,100 (-62.7%), from €59,163 to €22,063
- Other debts -€34,051
down €34,051 (-62.6%), from €54,396 to €20,344
- Trade debts +€10,470
up €10,470 (+1751.9%), from €598 to €11,067
- Gross operating margin -€3,149
down €3,149 (-3.8%), from €82,733 to €79,585
- Other operating charges -€1,940
down €1,940 (-44.6%), from €4,348 to €2,408
- Financial charges -€1,096
down €1,096 (-24.8%), from €4,424 to €3,328
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 | €460,339 | €440,255 | -€20,084 | -4.4% |
| Fixed assets | 21/28 | €407,254 | €399,036 | -€8,218 | -2.0% |
| Tangible fixed assets | 22/27 | €406,754 | €398,536 | -€8,218 | -2.0% |
| Land and buildings | 22 | €399,805 | €388,980 | -€10,825 | -2.7% |
| Plant, machinery and equipment | 23 | €4,456 | €4,245 | -€210 | -4.7% |
| Furniture and vehicles | 24 | €2,493 | €5,311 | +€2,818 | +113.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €53,085 | €41,219 | -€11,866 | -22.4% |
| Amounts receivable within one year | 40/41 | €12,705 | €31,678 | +€18,973 | +149.3% |
| Trade receivables | 40 | €12,705 | €23,111 | +€10,406 | +81.9% |
| Other amounts receivable | 41 | - | €8,567 | +€8,567 | |
| Cash at bank and in hand | 54/58 | €39,000 | €8,795 | -€30,205 | -77.4% |
| Deferred charges and accrued income | 490/1 | €1,380 | €746 | -€634 | -46.0% |
| Total equity and liabilities | 10/49 | €460,339 | €440,255 | -€20,084 | -4.4% |
| Equity | 10/15 | €297,013 | €338,854 | +€41,841 | +14.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €247,013 | €288,854 | +€41,841 | +16.9% |
| Non-distributable reserves | 130/1 | €172,250 | €214,050 | +€41,800 | +24.3% |
| Other | 1319 | €172,250 | €214,050 | +€41,800 | +24.3% |
| Distributable reserves | 133 | €74,763 | €74,804 | +€41 | +0.1% |
| Amounts payable | 17/49 | €163,326 | €101,401 | -€61,925 | -37.9% |
| Amounts payable after more than one year | 17 | €59,163 | €22,063 | -€37,100 | -62.7% |
| Financial debts | 170/4 | €59,163 | €22,063 | -€37,100 | -62.7% |
| Amounts payable within one year | 42/48 | €104,163 | €79,338 | -€24,825 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €36,205 | €37,100 | +€895 | +2.5% |
| Trade debts | 44 | €598 | €11,067 | +€10,470 | +1751.9% |
| Suppliers | 440/4 | €598 | €11,067 | +€10,470 | +1751.9% |
| Taxes, remuneration and social security | 45 | €12,964 | €10,826 | -€2,138 | -16.5% |
| Taxes | 450/3 | €12,964 | €10,826 | -€2,138 | -16.5% |
| Other amounts payable | 47/48 | €54,396 | €20,344 | -€34,051 | -62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,460 | €13,575 | +€115 | +0.9% |
| Other operating charges | 640/8 | €4,348 | €2,408 | -€1,940 | -44.6% |
| Gross operating margin | 9900 | €82,733 | €79,585 | -€3,149 | -3.8% |
| Operating profit (loss) | 9901 | €64,925 | €63,602 | -€1,323 | -2.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,424 | €3,328 | -€1,096 | -24.8% |
| Recurring financial charges | 65 | €4,424 | €3,328 | -€1,096 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €60,501 | €60,274 | -€228 | -0.4% |
| Income taxes | 67/77 | €18,709 | €18,433 | -€276 | -1.5% |
| Profit (loss) for the period | 9904 | €41,793 | €41,841 | +€48 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,793 | €41,841 | +€48 | +0.1% |
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 10 October 2026 via checked.be.