Mc MAR: 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 MAR
Largest movements
- Receivables within one year +€6,123
up €6,123 (+88.1%), from €6,949 to €13,072
of which Other amounts receivable: +€6,873
- Tangible fixed assets -€4,711
down €4,711 (-2.0%), from €233,938 to €229,227
- Debts after one year -€3,273
down €3,273 (-5.4%), from €60,617 to €57,344
- Gross operating margin +€2,425
up €2,425 (+21.8%), from €11,131 to €13,556
- Other operating charges +€1,563
up €1,563 (+104.1%), from €1,501 to €3,064
- Depreciation +€445
up €445 (+10.4%), from €4,266 to €4,711
- Taxes +€310
up €310 (+49.1%), from €631 to €941
- Financial income +€269
up €269 (+100.4%), from €268 to €537
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 | €243,028 | €243,387 | +€359 | +0.1% |
| Fixed assets | 21/28 | €233,938 | €229,227 | -€4,711 | -2.0% |
| Tangible fixed assets | 22/27 | €233,938 | €229,227 | -€4,711 | -2.0% |
| Land and buildings | 22 | €233,938 | €229,227 | -€4,711 | -2.0% |
| Current assets | 29/58 | €9,090 | €14,160 | +€5,070 | +55.8% |
| Amounts receivable within one year | 40/41 | €6,949 | €13,072 | +€6,123 | +88.1% |
| Trade receivables | 40 | €750 | - | -€750 | |
| Other amounts receivable | 41 | €6,199 | €13,072 | +€6,873 | +110.9% |
| Cash at bank and in hand | 54/58 | €1,574 | €2 | -€1,572 | -99.9% |
| Deferred charges and accrued income | 490/1 | €567 | €1,086 | +€519 | +91.5% |
| Total equity and liabilities | 10/49 | €243,028 | €243,387 | +€359 | +0.1% |
| Equity | 10/15 | €178,179 | €180,196 | +€2,017 | +1.1% |
| Contributions | 10/11 | €154,933 | €154,933 | = | 0.0% |
| Capital | 10 | €154,933 | €154,933 | = | 0.0% |
| Issued capital | 100 | €154,933 | €154,933 | = | 0.0% |
| Reserves | 13 | €15,494 | €17,511 | +€2,017 | +13.0% |
| Non-distributable reserves | 130/1 | €15,494 | €15,494 | = | 0.0% |
| Legal reserve | 130 | €15,494 | €15,494 | = | 0.0% |
| Distributable reserves | 133 | - | €2,017 | +€2,017 | |
| Profit (loss) carried forward | 14 | €7,752 | €7,752 | = | 0.0% |
| Amounts payable | 17/49 | €64,849 | €63,191 | -€1,658 | -2.6% |
| Amounts payable after more than one year | 17 | €60,617 | €57,344 | -€3,273 | -5.4% |
| Financial debts | 170/4 | €60,617 | €57,344 | -€3,273 | -5.4% |
| Amounts payable within one year | 42/48 | €4,232 | €5,847 | +€1,615 | +38.2% |
| Current portion of amounts payable after more than one year | 42 | €3,124 | €3,273 | +€149 | +4.8% |
| Trade debts | 44 | €528 | - | -€528 | |
| Suppliers | 440/4 | €528 | - | -€528 | |
| Taxes, remuneration and social security | 45 | €580 | €2,574 | +€1,994 | +343.8% |
| Taxes | 450/3 | €580 | €2,574 | +€1,994 | +343.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,266 | €4,711 | +€445 | +10.4% |
| Other operating charges | 640/8 | €1,501 | €3,064 | +€1,563 | +104.1% |
| Gross operating margin | 9900 | €11,131 | €13,556 | +€2,425 | +21.8% |
| Operating profit (loss) | 9901 | €5,364 | €5,781 | +€417 | +7.8% |
| Financial income | 75/76B | €268 | €537 | +€269 | +100.4% |
| Recurring financial income | 75 | €268 | €537 | +€269 | +100.4% |
| Financial charges | 65/66B | €3,502 | €3,360 | -€142 | -4.1% |
| Recurring financial charges | 65 | €3,502 | €3,360 | -€142 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €2,130 | €2,958 | +€828 | +38.9% |
| Income taxes | 67/77 | €631 | €941 | +€310 | +49.1% |
| Profit (loss) for the period | 9904 | €1,499 | €2,017 | +€518 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,499 | €2,017 | +€518 | +34.6% |
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 5 October 2026 via checked.be.