M.C.B.: 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.
M.C.B.
Largest movements
- Tangible fixed assets -€20,442
down €20,442 (-3.5%), from €592,359 to €571,918
- Cash -€10,755
down €10,755 (-13.9%), from €77,274 to €66,519
mainly Other debts (-€39,679) and Provisions (-€3,991)
- Other debts -€39,679
down €39,679 (-15.1%), from €262,130 to €222,451
- Profit (loss) carried forward +€11,366
up €11,366 (+560.8%), from €2,027 to €13,392
- Accrued charges and deferred income +€9,255
up €9,255 (+15.4%), from €60,010 to €69,265
- Reserves -€7,748
down €7,748 (-2.9%), from €268,675 to €260,927
of which Tax-exempt reserves: -€7,748
- Financial charges -€9,605
down €9,605 (-50.8%), from €18,915 to €9,310
- Taxes -€2,360
down €2,360 (-47.2%), from €5,000 to €2,640
- Gross operating margin -€2,207
down €2,207 (-5.3%), from €41,684 to €39,477
- Other operating charges +€660
up €660 (+9.7%), from €6,799 to €7,459
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 | €669,633 | €638,437 | -€31,197 | -4.7% |
| Fixed assets | 21/28 | €592,359 | €571,918 | -€20,442 | -3.5% |
| Tangible fixed assets | 22/27 | €592,359 | €571,918 | -€20,442 | -3.5% |
| Land and buildings | 22 | €592,359 | €571,918 | -€20,442 | -3.5% |
| Current assets | 29/58 | €77,274 | €66,519 | -€10,755 | -13.9% |
| Cash at bank and in hand | 54/58 | €77,274 | €66,519 | -€10,755 | -13.9% |
| Total equity and liabilities | 10/49 | €669,633 | €638,437 | -€31,197 | -4.7% |
| Equity | 10/15 | €289,301 | €292,919 | +€3,618 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €268,675 | €260,927 | -€7,748 | -2.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,846 | €101,098 | -€7,748 | -7.1% |
| Distributable reserves | 133 | €157,969 | €157,969 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,027 | €13,392 | +€11,366 | +560.8% |
| Provisions and deferred taxes | 16 | €56,037 | €52,046 | -€3,991 | -7.1% |
| Deferred taxes | 168 | €56,037 | €52,046 | -€3,991 | -7.1% |
| Amounts payable | 17/49 | €324,295 | €293,472 | -€30,823 | -9.5% |
| Amounts payable within one year | 42/48 | €264,285 | €224,206 | -€40,079 | -15.2% |
| Trade debts | 44 | €2,155 | €1,756 | -€400 | -18.5% |
| Suppliers | 440/4 | €2,155 | €1,756 | -€400 | -18.5% |
| Other amounts payable | 47/48 | €262,130 | €222,451 | -€39,679 | -15.1% |
| Accrued charges and deferred income | 492/3 | €60,010 | €69,265 | +€9,255 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,442 | €20,442 | = | 0.0% |
| Other operating charges | 640/8 | €6,799 | €7,459 | +€660 | +9.7% |
| Gross operating margin | 9900 | €41,684 | €39,477 | -€2,207 | -5.3% |
| Operating profit (loss) | 9901 | €14,444 | €11,576 | -€2,867 | -19.9% |
| Financial charges | 65/66B | €18,915 | €9,310 | -€9,605 | -50.8% |
| Recurring financial charges | 65 | €18,915 | €9,310 | -€9,605 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,471 | €2,266 | +€6,737 | |
| Transfer from deferred taxes | 780 | €4,071 | €3,991 | -€80 | -2.0% |
| Income taxes | 67/77 | €5,000 | €2,640 | -€2,360 | -47.2% |
| Profit (loss) for the period | 9904 | -€5,400 | €3,618 | +€9,018 | |
| Transfer from tax-exempt reserves | 789 | €7,905 | €7,748 | -€157 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,505 | €11,366 | +€8,861 | +353.8% |
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 29 September 2026 via checked.be.