Mc. Coy Pullman: 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. Coy Pullman
Largest movements
- Tangible fixed assets +€364,917
up €364,917 (+80.3%), from €454,651 to €819,569
of which Land and buildings: +€359,516
- Cash -€60,211
down €60,211 (-97.3%), from €61,882 to €1,671
mainly Investment in fixed assets (net) (-€394,907) and Contributions, distributions and other (-€56,369)
- Receivables after one year -€43,794
down €43,794 (-100%), from €43,794 to €0
- Receivables within one year +€16,894
up €16,894 (+1,193%), from €1,416 to €18,310
of which Other amounts receivable: +€15,683
- Reserves +€221,941
up €221,941 (+53.6%), from €413,936 to €635,877
of which Tax-exempt reserves: +€285,209
- Provisions +€95,070
new in 2026: €95,070
- Revaluation surpluses -€56,369
down €56,369 (-100%), from €56,369 to €0
- Other debts +€17,165
up €17,165 (+102%), from €16,835 to €34,000
- Gross operating margin +€412,758
up €412,758 (+8,205%), from €5,030 to €417,788
- Other operating charges +€68,515
up €68,515 (+2,459%), from €2,786 to €71,301
- Depreciation -€10,978
down €10,978 (-26.8%), from €40,968 to €29,989
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,743 | €839,550 | +€277,807 | +49.5% |
| Fixed assets | 21/28 | €454,651 | €819,569 | +€364,917 | +80.3% |
| Tangible fixed assets | 22/27 | €454,651 | €819,569 | +€364,917 | +80.3% |
| Land and buildings | 22 | €435,297 | €794,813 | +€359,516 | +82.6% |
| Furniture and vehicles | 24 | €19,354 | €24,756 | +€5,401 | +27.9% |
| Current assets | 29/58 | €107,092 | €19,981 | -€87,111 | -81.3% |
| Amounts receivable after more than one year | 29 | €43,794 | €0 | -€43,794 | -100% |
| Other amounts receivable | 291 | €43,794 | €0 | -€43,794 | -100% |
| Amounts receivable within one year | 40/41 | €1,416 | €18,310 | +€16,894 | +1,193% |
| Trade receivables | 40 | €450 | €1,661 | +€1,211 | +269% |
| Other amounts receivable | 41 | €966 | €16,649 | +€15,683 | +1,624% |
| Cash at bank and in hand | 54/58 | €61,882 | €1,671 | -€60,211 | -97.3% |
| Total equity and liabilities | 10/49 | €561,743 | €839,550 | +€277,807 | +49.5% |
| Equity | 10/15 | €544,908 | €710,480 | +€165,572 | +30.4% |
| Contributions | 10/11 | €74,603 | €74,603 | = | 0.0% |
| Capital | 10 | €74,603 | €74,603 | = | 0.0% |
| Issued capital | 100 | €74,603 | €74,603 | = | 0.0% |
| Revaluation surpluses | 12 | €56,369 | €0 | -€56,369 | -100% |
| Reserves | 13 | €413,936 | €635,877 | +€221,941 | +53.6% |
| Non-distributable reserves | 130/1 | €7,460 | €7,460 | = | 0.0% |
| Legal reserve | 130 | €7,460 | €7,460 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €285,209 | +€285,209 | |
| Distributable reserves | 133 | €406,475 | €343,207 | -€63,268 | -15.6% |
| Provisions and deferred taxes | 16 | - | €95,070 | +€95,070 | |
| Deferred taxes | 168 | - | €95,070 | +€95,070 | |
| Amounts payable | 17/49 | €16,835 | €34,000 | +€17,165 | +102% |
| Amounts payable within one year | 42/48 | €16,835 | €34,000 | +€17,165 | +102% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €16,835 | €34,000 | +€17,165 | +102% |
| Non-recurring operating income | 76A | €4,630 | €440,734 | +€436,104 | +9,419% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,968 | €29,989 | -€10,978 | -26.8% |
| Other operating charges | 640/8 | €2,786 | €71,301 | +€68,515 | +2,459% |
| Gross operating margin | 9900 | €5,030 | €417,788 | +€412,758 | +8,205% |
| Operating profit (loss) | 9901 | -€38,724 | €316,497 | +€355,221 | |
| Financial income | 75/76B | €2,021 | €559 | -€1,462 | -72.4% |
| Recurring financial income | 75 | €2,021 | €559 | -€1,462 | -72.4% |
| Financial charges | 65/66B | €44 | €45 | +€1 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€1 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€36,746 | €317,011 | +€353,757 | |
| Transfer from deferred taxes | 780 | - | €1,021 | +€1,021 | |
| Transfer to deferred taxes | 680 | - | €96,091 | +€96,091 | |
| Income taxes | 67/77 | -€6 | €0 | +€6 | |
| Profit (loss) for the period | 9904 | -€36,741 | €221,941 | +€258,682 | |
| Transfer from tax-exempt reserves | 789 | - | €3,064 | +€3,064 | |
| Transfer to tax-exempt reserves | 689 | - | €288,274 | +€288,274 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,741 | -€63,268 | -€26,527 | -72.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.