MCARS: 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.
MCARS
Largest movements
- Stocks and contracts -€5,246
down €5,246 (-23.0%), from €22,855 to €17,610
- Receivables within one year -€282
no longer reported in 2025 (was €282)
- Profit (loss) carried forward -€8,636
down €8,636 (-110.2%), from -€7,839 to -€16,475
- Tax, wage and social debts +€2,691
new in 2025: €2,691
- Other debts +€1,310
up €1,310 (+5.1%), from €25,531 to €26,842
- Trade debts -€892
down €892 (-20.1%), from €4,448 to €3,556
- Gross operating margin -€5,985
down €5,985 (-276.3%), from -€2,166 to -€8,151
- Other operating charges +€245
up €245 (+183.2%), from €134 to €379
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 | €23,140 | €17,613 | -€5,527 | -23.9% |
| Current assets | 29/58 | €23,140 | €17,613 | -€5,527 | -23.9% |
| Stocks and contracts in progress | 3 | €22,855 | €17,610 | -€5,246 | -23.0% |
| Stocks | 30/36 | €22,855 | €17,610 | -€5,246 | -23.0% |
| Amounts receivable within one year | 40/41 | €282 | - | -€282 | |
| Other amounts receivable | 41 | €282 | - | -€282 | |
| Cash at bank and in hand | 54/58 | €3 | €3 | +€1 | +28.1% |
| Total equity and liabilities | 10/49 | €23,140 | €17,613 | -€5,527 | -23.9% |
| Equity | 10/15 | -€6,839 | -€15,475 | -€8,636 | -126.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,839 | -€16,475 | -€8,636 | -110.2% |
| Amounts payable | 17/49 | €29,979 | €33,088 | +€3,109 | +10.4% |
| Amounts payable within one year | 42/48 | €29,979 | €33,088 | +€3,109 | +10.4% |
| Trade debts | 44 | €4,448 | €3,556 | -€892 | -20.1% |
| Suppliers | 440/4 | €4,448 | €3,556 | -€892 | -20.1% |
| Taxes, remuneration and social security | 45 | - | €2,691 | +€2,691 | |
| Taxes | 450/3 | - | €2,691 | +€2,691 | |
| Other amounts payable | 47/48 | €25,531 | €26,842 | +€1,310 | +5.1% |
| Other operating charges | 640/8 | €134 | €379 | +€245 | +183.2% |
| Gross operating margin | 9900 | -€2,166 | -€8,151 | -€5,985 | -276.3% |
| Operating profit (loss) | 9901 | -€2,300 | -€8,530 | -€6,230 | -270.9% |
| Financial charges | 65/66B | €49 | €107 | +€58 | +117.0% |
| Recurring financial charges | 65 | €49 | €107 | +€58 | +117.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,349 | -€8,636 | -€6,287 | -267.7% |
| Profit (loss) for the period | 9904 | -€2,349 | -€8,636 | -€6,287 | -267.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,349 | -€8,636 | -€6,287 | -267.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.