MC-carré: 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-carré
Largest movements
- Cash -€53,836
down €53,836 (-28.3%), from €190,363 to €136,526
mainly Contributions, distributions and other (-€80,000) and Other debts (-€73,497)
- Tangible fixed assets +€24,013
up €24,013 (+97.0%), from €24,760 to €48,772
of which Furniture and vehicles: +€15,525
- Receivables within one year +€14,341
up €14,341 (+7.7%), from €186,480 to €200,820
of which Trade receivables: +€18,458
- Deferred charges and accrued income -€10,748
down €10,748 (-95.0%), from €11,314 to €566
- Other debts -€73,497
down €73,497 (-52.9%), from €138,862 to €65,365
- Profit (loss) carried forward +€28,713
up €28,713 (+25.7%), from €111,940 to €140,653
- Trade debts +€22,361
up €22,361 (+26.6%), from €84,101 to €106,461
- Gross operating margin +€76,697
up €76,697 (+28.9%), from €265,419 to €342,116
- Taxes +€16,202
up €16,202 (+70.4%), from €23,021 to €39,224
- Staff costs +€6,461
up €6,461 (+3.6%), from €179,480 to €185,941
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 | €412,966 | €386,735 | -€26,231 | -6.4% |
| Fixed assets | 21/28 | €24,810 | €48,822 | +€24,013 | +96.8% |
| Tangible fixed assets | 22/27 | €24,760 | €48,772 | +€24,013 | +97.0% |
| Plant, machinery and equipment | 23 | €13,307 | €21,794 | +€8,487 | +63.8% |
| Furniture and vehicles | 24 | €11,453 | €26,978 | +€15,525 | +135.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €388,157 | €337,913 | -€50,244 | -12.9% |
| Amounts receivable within one year | 40/41 | €186,480 | €200,820 | +€14,341 | +7.7% |
| Trade receivables | 40 | €170,216 | €188,674 | +€18,458 | +10.8% |
| Other amounts receivable | 41 | €16,264 | €12,146 | -€4,118 | -25.3% |
| Cash at bank and in hand | 54/58 | €190,363 | €136,526 | -€53,836 | -28.3% |
| Deferred charges and accrued income | 490/1 | €11,314 | €566 | -€10,748 | -95.0% |
| Total equity and liabilities | 10/49 | €412,966 | €386,735 | -€26,231 | -6.4% |
| Equity | 10/15 | €120,000 | €148,713 | +€28,713 | +23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €111,940 | €140,653 | +€28,713 | +25.7% |
| Amounts payable | 17/49 | €292,966 | €238,022 | -€54,944 | -18.8% |
| Amounts payable within one year | 42/48 | €292,529 | €238,022 | -€54,507 | -18.6% |
| Trade debts | 44 | €84,101 | €106,461 | +€22,361 | +26.6% |
| Suppliers | 440/4 | €84,101 | €106,461 | +€22,361 | +26.6% |
| Taxes, remuneration and social security | 45 | €69,566 | €66,196 | -€3,370 | -4.8% |
| Taxes | 450/3 | €41,012 | €25,724 | -€15,288 | -37.3% |
| Remuneration and social security | 454/9 | €28,555 | €40,472 | +€11,918 | +41.7% |
| Other amounts payable | 47/48 | €138,862 | €65,365 | -€73,497 | -52.9% |
| Accrued charges and deferred income | 492/3 | €437 | - | -€437 | |
| Remuneration, social security and pensions | 62 | €179,480 | €185,941 | +€6,461 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,521 | €7,598 | +€77 | +1.0% |
| Other operating charges | 640/8 | €642 | €253 | -€390 | -60.7% |
| Gross operating margin | 9900 | €265,419 | €342,116 | +€76,697 | +28.9% |
| Operating profit (loss) | 9901 | €77,776 | €148,324 | +€70,549 | +90.7% |
| Financial income | 75/76B | €56 | €274 | +€217 | +385.7% |
| Recurring financial income | 75 | €56 | €274 | +€217 | +385.7% |
| Financial charges | 65/66B | €414 | €662 | +€248 | +60.0% |
| Recurring financial charges | 65 | €414 | €662 | +€248 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €77,418 | €147,936 | +€70,518 | +91.1% |
| Income taxes | 67/77 | €23,021 | €39,224 | +€16,202 | +70.4% |
| Profit (loss) for the period | 9904 | €54,397 | €108,713 | +€54,316 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,397 | €108,713 | +€54,316 | +99.9% |
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 3 October 2026 via checked.be.