MC CARE & SMILE: 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 CARE & SMILE
Largest movements
- Tangible fixed assets +€92,076
up €92,076 (+169%), from €54,397 to €146,473
of which Plant, machinery and equipment: +€115,644
- Cash -€34,001
down €34,001 (-47.7%), from €71,268 to €37,266
mainly Investment in fixed assets (net) (-€128,760) and Current portion of long-term debt (-€12,155)
- Stocks and contracts +€10,000
new in 2025: €10,000
- Intangible fixed assets -€7,500
down €7,500 (-25.3%), from €29,692 to €22,192
- Receivables within one year -€5,638
down €5,638 (-8.2%), from €68,394 to €62,756
of which Other amounts receivable: -€4,747
- Debts after one year +€64,297
up €64,297 (+545%), from €11,797 to €76,094
- Current portion of long-term debt -€12,155
down €12,155 (-31.8%), from €38,260 to €26,105
- Provisions +€8,141
up €8,141 (+12.8%), from €63,587 to €71,728
- Trade debts -€7,565
no longer reported in 2025 (was €7,565)
- Financial charges +€23,022
up €23,022 (+42.3%), from €54,463 to €77,484
- Gross operating margin +€22,894
up €22,894 (+15.1%), from €152,073 to €174,967
- Financial income +€3,966
up €3,966 (+110,154%), from €4 to €3,969
- Depreciation -€3,289
down €3,289 (-6.9%), from €47,473 to €44,184
- Provisions +€2,232
up €2,232 (+37.8%), from €5,909 to €8,141
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 | €229,835 | €283,861 | +€54,026 | +23.5% |
| Fixed assets | 21/28 | €84,088 | €168,664 | +€84,576 | +101% |
| Intangible fixed assets | 21 | €29,692 | €22,192 | -€7,500 | -25.3% |
| Tangible fixed assets | 22/27 | €54,397 | €146,473 | +€92,076 | +169% |
| Land and buildings | 22 | €16,930 | €2,424 | -€14,506 | -85.7% |
| Plant, machinery and equipment | 23 | €12,421 | €128,066 | +€115,644 | +931% |
| Furniture and vehicles | 24 | €25,045 | €15,983 | -€9,062 | -36.2% |
| Current assets | 29/58 | €145,747 | €115,197 | -€30,550 | -21.0% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Stocks | 30/36 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €68,394 | €62,756 | -€5,638 | -8.2% |
| Trade receivables | 40 | €2,798 | €1,907 | -€891 | -31.8% |
| Other amounts receivable | 41 | €65,596 | €60,849 | -€4,747 | -7.2% |
| Cash at bank and in hand | 54/58 | €71,268 | €37,266 | -€34,001 | -47.7% |
| Deferred charges and accrued income | 490/1 | €6,085 | €5,174 | -€911 | -15.0% |
| Total equity and liabilities | 10/49 | €229,835 | €283,861 | +€54,026 | +23.5% |
| Equity | 10/15 | €81,763 | €82,632 | +€868 | +1.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,763 | €77,632 | +€868 | +1.1% |
| Provisions and deferred taxes | 16 | €63,587 | €71,728 | +€8,141 | +12.8% |
| Provisions for liabilities and charges | 160/5 | €63,587 | €71,728 | +€8,141 | +12.8% |
| Other liabilities and charges | 164/5 | €63,587 | €71,728 | +€8,141 | +12.8% |
| Amounts payable | 17/49 | €84,485 | €129,501 | +€45,017 | +53.3% |
| Amounts payable after more than one year | 17 | €11,797 | €76,094 | +€64,297 | +545% |
| Financial debts | 170/4 | €11,797 | €76,094 | +€64,297 | +545% |
| Amounts payable within one year | 42/48 | €72,688 | €53,148 | -€19,540 | -26.9% |
| Current portion of amounts payable after more than one year | 42 | €38,260 | €26,105 | -€12,155 | -31.8% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €7,565 | - | -€7,565 | |
| Suppliers | 440/4 | €7,565 | - | -€7,565 | |
| Taxes, remuneration and social security | 45 | €6,863 | €7,043 | +€180 | +2.6% |
| Remuneration and social security | 454/9 | €6,863 | €7,043 | +€180 | +2.6% |
| Accrued charges and deferred income | 492/3 | - | €260 | +€260 | |
| Remuneration, social security and pensions | 62 | €45,562 | €44,078 | -€1,484 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,473 | €44,184 | -€3,289 | -6.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €5,909 | €8,141 | +€2,232 | +37.8% |
| Other operating charges | 640/8 | €5,118 | €3,174 | -€1,944 | -38.0% |
| Gross operating margin | 9900 | €152,073 | €174,967 | +€22,894 | +15.1% |
| Operating profit (loss) | 9901 | €48,012 | €75,391 | +€27,378 | +57.0% |
| Financial income | 75/76B | €4 | €3,969 | +€3,966 | +110,154% |
| Recurring financial income | 75 | €4 | €3,969 | +€3,966 | +110,154% |
| Financial charges | 65/66B | €54,463 | €77,484 | +€23,022 | +42.3% |
| Recurring financial charges | 65 | €54,463 | €77,484 | +€23,022 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,447 | €1,876 | +€8,322 | |
| Income taxes | 67/77 | €1,493 | €1,007 | -€486 | -32.5% |
| Profit (loss) for the period | 9904 | -€7,940 | €868 | +€8,808 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,940 | €868 | +€8,808 |
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.