NEW M.C.: 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.
NEW M.C.
Largest movements
- Tangible fixed assets -€26,030
down €26,030 (-10.7%), from €242,836 to €216,806
of which Land and buildings: -€14,319
- Cash +€16,355
up €16,355 (+92.7%), from €17,648 to €34,004
mainly Depreciation (+€26,030) and Net result for the year (+€10,070)
- Debts after one year -€31,041
down €31,041 (-54.4%), from €57,070 to €26,029
- Reserves +€10,000
up €10,000 (+15.8%), from €63,160 to €73,160
of which Distributable reserves: +€10,000
- Trade debts +€9,545
up €9,545 (+159.6%), from €5,981 to €15,526
- Gross operating margin -€9,376
down €9,376 (-19.8%), from €47,432 to €38,056
- Financial income -€1,908
down €1,908 (-15.8%), from €12,052 to €10,144
- Taxes -€1,770
down €1,770 (-41.3%), from €4,286 to €2,516
- Financial charges -€1,110
down €1,110 (-26.9%), from €4,122 to €3,013
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 | €454,489 | €444,337 | -€10,151 | -2.2% |
| Fixed assets | 21/28 | €386,666 | €360,636 | -€26,030 | -6.7% |
| Tangible fixed assets | 22/27 | €242,836 | €216,806 | -€26,030 | -10.7% |
| Land and buildings | 22 | €204,746 | €190,427 | -€14,319 | -7.0% |
| Plant, machinery and equipment | 23 | €11,363 | €9,077 | -€2,286 | -20.1% |
| Furniture and vehicles | 24 | €26,727 | €17,302 | -€9,426 | -35.3% |
| Financial fixed assets | 28 | €143,830 | €143,830 | = | 0.0% |
| Current assets | 29/58 | €67,823 | €83,702 | +€15,879 | +23.4% |
| Amounts receivable within one year | 40/41 | €7,188 | €6,711 | -€477 | -6.6% |
| Trade receivables | 40 | €1,157 | €0 | -€1,157 | -100.0% |
| Other amounts receivable | 41 | €6,031 | €6,711 | +€680 | +11.3% |
| Current investments | 50/53 | €42,987 | €42,987 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,648 | €34,004 | +€16,355 | +92.7% |
| Total equity and liabilities | 10/49 | €454,489 | €444,337 | -€10,151 | -2.2% |
| Equity | 10/15 | €194,195 | €204,264 | +€10,070 | +5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,160 | €73,160 | +€10,000 | +15.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,300 | €71,300 | +€10,000 | +16.3% |
| Profit (loss) carried forward | 14 | €112,435 | €112,504 | +€70 | +0.1% |
| Amounts payable | 17/49 | €260,294 | €240,073 | -€20,221 | -7.8% |
| Amounts payable after more than one year | 17 | €57,070 | €26,029 | -€31,041 | -54.4% |
| Financial debts | 170/4 | €57,070 | €26,029 | -€31,041 | -54.4% |
| Amounts payable within one year | 42/48 | €203,224 | €214,044 | +€10,819 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €29,783 | €31,037 | +€1,254 | +4.2% |
| Trade debts | 44 | €5,981 | €15,526 | +€9,545 | +159.6% |
| Suppliers | 440/4 | €5,981 | €15,526 | +€9,545 | +159.6% |
| Taxes, remuneration and social security | 45 | €670 | €691 | +€21 | +3.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €670 | €691 | +€21 | +3.1% |
| Other amounts payable | 47/48 | €166,790 | €166,790 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,030 | €26,030 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,732 | €6,571 | -€161 | -2.4% |
| Gross operating margin | 9900 | €47,432 | €38,056 | -€9,376 | -19.8% |
| Operating profit (loss) | 9901 | €14,670 | €5,455 | -€9,215 | -62.8% |
| Financial income | 75/76B | €12,052 | €10,144 | -€1,908 | -15.8% |
| Recurring financial income | 75 | €12,052 | €10,144 | -€1,908 | -15.8% |
| Financial charges | 65/66B | €4,122 | €3,013 | -€1,110 | -26.9% |
| Recurring financial charges | 65 | €4,122 | €3,013 | -€1,110 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €22,600 | €12,586 | -€10,014 | -44.3% |
| Income taxes | 67/77 | €4,286 | €2,516 | -€1,770 | -41.3% |
| Profit (loss) for the period | 9904 | €18,314 | €10,070 | -€8,244 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,314 | €10,070 | -€8,244 | -45.0% |
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 2 October 2026 via checked.be.