M.C.A.: 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.
M.C.A.
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Other debts +€57,504
up €57,504 (+733%), from €7,848 to €65,351
- Reserves -€43,185
down €43,185 (-5.4%), from €804,209 to €761,024
of which Distributable reserves: -€37,083
- Turnover +€138,088
new in 2025: €138,088
- Taxes -€66,539
down €66,539 (-78.7%), from €84,539 to €18,000
- Gross operating margin -€48,279
down €48,279 (-34.6%), from €139,606 to €91,328
- Purchases and services -€10,701
down €10,701 (-18.6%), from €57,461 to €46,760
- Depreciation +€5,757
up €5,757 (+20.8%), from €27,688 to €33,444
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.
Derived cash bridge
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 | €1,837,085 | €1,839,418 | +€2,333 | +0.1% |
| Fixed assets | 21/28 | €1,366,420 | €1,359,507 | -€6,913 | -0.5% |
| Tangible fixed assets | 22/27 | €1,366,420 | €1,359,507 | -€6,913 | -0.5% |
| Land and buildings | 22 | €1,366,420 | €1,340,118 | -€26,302 | -1.9% |
| Furniture and vehicles | 24 | - | €19,389 | +€19,389 | |
| Current assets | 29/58 | €470,665 | €479,911 | +€9,246 | +2.0% |
| Amounts receivable within one year | 40/41 | €135,876 | €136,110 | +€234 | +0.2% |
| Other amounts receivable | 41 | €135,876 | €136,110 | +€234 | +0.2% |
| Cash at bank and in hand | 54/58 | €334,789 | €343,802 | +€9,012 | +2.7% |
| Total equity and liabilities | 10/49 | €1,837,085 | €1,839,418 | +€2,333 | +0.1% |
| Equity | 10/15 | €1,743,462 | €1,688,745 | -€54,717 | -3.1% |
| Contributions | 10/11 | €798,217 | €798,217 | = | 0.0% |
| Reserves | 13 | €804,209 | €761,024 | -€43,185 | -5.4% |
| Non-distributable reserves | 130/1 | €79,822 | €79,822 | = | 0.0% |
| Reserves not available under the articles | 1311 | €79,822 | €79,822 | = | 0.0% |
| Tax-exempt reserves | 132 | €415,616 | €409,515 | -€6,102 | -1.5% |
| Distributable reserves | 133 | €308,771 | €271,687 | -€37,083 | -12.0% |
| Profit (loss) carried forward | 14 | €141,036 | €124,530 | -€16,506 | -11.7% |
| Investment grants | 15 | - | €4,974 | +€4,974 | |
| Provisions and deferred taxes | 16 | €63,909 | €62,424 | -€1,485 | -2.3% |
| Deferred taxes | 168 | €63,909 | €62,424 | -€1,485 | -2.3% |
| Amounts payable | 17/49 | €29,714 | €88,249 | +€58,535 | +197% |
| Amounts payable within one year | 42/48 | €10,196 | €65,351 | +€55,156 | +541% |
| Trade debts | 44 | €2,348 | €0 | -€2,348 | -100% |
| Suppliers | 440/4 | €2,348 | €0 | -€2,348 | -100% |
| Other amounts payable | 47/48 | €7,848 | €65,351 | +€57,504 | +733% |
| Accrued charges and deferred income | 492/3 | €19,518 | €22,898 | +€3,380 | +17.3% |
| Turnover | 70 | - | €138,088 | +€138,088 | |
| Goods, raw materials, services and sundry goods | 60/61 | €57,461 | €46,760 | -€10,701 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,688 | €33,444 | +€5,757 | +20.8% |
| Other operating charges | 640/8 | €15,364 | €12,917 | -€2,447 | -15.9% |
| Gross operating margin | 9900 | €139,606 | €91,328 | -€48,279 | -34.6% |
| Operating profit (loss) | 9901 | €96,554 | €44,966 | -€51,589 | -53.4% |
| Financial income | 75/76B | €1,110 | €553 | -€557 | -50.2% |
| Recurring financial income | 75 | €1,110 | €553 | -€557 | -50.2% |
| Financial charges | 65/66B | €5,488 | €3,453 | -€2,034 | -37.1% |
| Recurring financial charges | 65 | €5,488 | €3,453 | -€2,034 | -37.1% |
| Profit (loss) for the period before taxes | 9903 | €92,176 | €42,065 | -€50,111 | -54.4% |
| Transfer from deferred taxes | 780 | - | €3,327 | +€3,327 | |
| Transfer to deferred taxes | 680 | €14,299 | - | -€14,299 | |
| Income taxes | 67/77 | €84,539 | €18,000 | -€66,539 | -78.7% |
| Profit (loss) for the period | 9904 | -€6,661 | €27,393 | +€34,054 | |
| Transfer from tax-exempt reserves | 789 | - | €6,102 | +€6,102 | |
| Transfer to tax-exempt reserves | 689 | €27,693 | - | -€27,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,354 | €33,494 | +€67,849 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.