GROUP MC: 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.
What changed
GROUP MC
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€274,597
2023 · €58,294+€216,304
Equity
€12.5m
2023 · €12.2m+€274,597
Cash
€8,995
2023 · €42,337-€33,342
Balance sheet total
€30.2m
2023 · €29.3m+€922,608
Largest movements
Assets
- Intangible fixed assets +€511,803
new in 2024: €511,803
Equity and liabilities
- Other debts +€1.5m
up €1.5m (+9.8%), from €15.3m to €16.8m
- Debts after one year -€616,115
down €616,115 (-85.8%), from €718,211 to €102,096
Income statement
- Gross operating margin +€227,999
up €227,999 (+180.9%), from €126,026 to €354,025
- Depreciation +€124,246
up €124,246 (+58.2%), from €213,660 to €337,906
- Financial income +€93,116
up €93,116 (+37.5%), from €248,499 to €341,614
- Staff costs -€25,191
down €25,191 (-40.0%), from €63,012 to €37,821
- Taxes +€8,834
new in 2024: €8,834
From the 2023 result to the 2024 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.
Result 2023
€58,294
Gross operating margin
+€227,999
Staff costs
+€25,191
Depreciation
-€124,246
Other operating charges
-€1,623
Financial income
+€93,116
Financial charges
+€4,701
Taxes
-€8,834
Result 2024
€274,597
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.8m
Investment
-€1.0m
Financing
-€787,693
Cash 2023
€42,337
From operations (derived)
+€1.8m
Net result for the year
+€274,597
Depreciation
+€337,906
Receivables within one year
-€234,494
Deferred charges and accrued income
-€24,200
Trade debts
-€43,193
Tax, wage and social debts
-€11,033
Other debts
+€1.5m
Accrued charges and deferred income
-€4,000
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€1.0m
Financing
-€787,693
Debts after one year
-€616,115
Current portion of long-term debt
-€171,578
Cash 2024
€8,995
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,268,825 | €30,191,433 | +€922,608 | +3.2% |
| Fixed assets | 21/28 | €27,179,142 | €27,876,398 | +€697,256 | +2.6% |
| Intangible fixed assets | 21 | - | €511,803 | +€511,803 | |
| Tangible fixed assets | 22/27 | €5,261,538 | €5,216,086 | -€45,452 | -0.9% |
| Land and buildings | 22 | €5,032,873 | €4,864,759 | -€168,114 | -3.3% |
| Plant, machinery and equipment | 23 | €3,284 | €3,284 | = | 0.0% |
| Furniture and vehicles | 24 | €225,380 | €348,042 | +€122,662 | +54.4% |
| Financial fixed assets | 28 | €21,917,605 | €22,148,509 | +€230,904 | +1.1% |
| Current assets | 29/58 | €2,089,683 | €2,315,035 | +€225,352 | +10.8% |
| Amounts receivable within one year | 40/41 | €1,880,069 | €2,114,563 | +€234,494 | +12.5% |
| Trade receivables | 40 | €132,990 | €409,569 | +€276,580 | +208.0% |
| Other amounts receivable | 41 | €1,747,080 | €1,704,994 | -€42,086 | -2.4% |
| Cash at bank and in hand | 54/58 | €42,337 | €8,995 | -€33,342 | -78.8% |
| Deferred charges and accrued income | 490/1 | €167,277 | €191,477 | +€24,200 | +14.5% |
| Total equity and liabilities | 10/49 | €29,268,825 | €30,191,433 | +€922,608 | +3.2% |
| Equity | 10/15 | €12,176,888 | €12,451,485 | +€274,597 | +2.3% |
| Contributions | 10/11 | €6,312,000 | €6,312,000 | = | 0.0% |
| Capital | 10 | €6,312,000 | €6,312,000 | = | 0.0% |
| Issued capital | 100 | €6,312,000 | €6,312,000 | = | 0.0% |
| Reserves | 13 | €631,200 | €631,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €631,200 | €631,200 | = | 0.0% |
| Legal reserve | 130 | €631,200 | €631,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,233,688 | €5,508,285 | +€274,597 | +5.2% |
| Amounts payable | 17/49 | €17,091,937 | €17,739,948 | +€648,011 | +3.8% |
| Amounts payable after more than one year | 17 | €718,211 | €102,096 | -€616,115 | -85.8% |
| Financial debts | 170/4 | €718,211 | €102,096 | -€616,115 | -85.8% |
| Amounts payable within one year | 42/48 | €16,369,726 | €17,637,852 | +€1.3m | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €824,515 | €652,937 | -€171,578 | -20.8% |
| Trade debts | 44 | €223,452 | €180,259 | -€43,193 | -19.3% |
| Suppliers | 440/4 | €223,452 | €180,259 | -€43,193 | -19.3% |
| Taxes, remuneration and social security | 45 | €47,101 | €36,067 | -€11,033 | -23.4% |
| Taxes | 450/3 | €38,428 | €35,137 | -€3,291 | -8.6% |
| Remuneration and social security | 454/9 | €8,673 | €931 | -€7,743 | -89.3% |
| Other amounts payable | 47/48 | €15,274,658 | €16,768,588 | +€1.5m | +9.8% |
| Accrued charges and deferred income | 492/3 | €4,000 | - | -€4,000 | |
| Remuneration, social security and pensions | 62 | €63,012 | €37,821 | -€25,191 | -40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €213,660 | €337,906 | +€124,246 | +58.2% |
| Other operating charges | 640/8 | €17,775 | €19,398 | +€1,623 | +9.1% |
| Gross operating margin | 9900 | €126,026 | €354,025 | +€227,999 | +180.9% |
| Operating profit (loss) | 9901 | -€168,421 | -€41,100 | +€127,321 | +75.6% |
| Financial income | 75/76B | €248,499 | €341,614 | +€93,116 | +37.5% |
| Recurring financial income | 75 | €248,499 | €341,614 | +€93,116 | +37.5% |
| Financial charges | 65/66B | €21,784 | €17,083 | -€4,701 | -21.6% |
| Recurring financial charges | 65 | €21,784 | €17,083 | -€4,701 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €58,294 | €283,431 | +€225,138 | +386.2% |
| Income taxes | 67/77 | - | €8,834 | +€8,834 | |
| Profit (loss) for the period | 9904 | €58,294 | €274,597 | +€216,304 | +371.1% |
| Profit (loss) for the period to be appropriated | 9905 | €58,294 | €274,597 | +€216,304 | +371.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.