M.C.I.S.: 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.I.S.
Largest movements
- Cash +€20,594
up €20,594 (+37.6%), from €54,737 to €75,331
mainly Net result for the year (+€35,395) and Depreciation (+€5,905)
- Receivables within one year +€7,013
up €7,013 (+613%), from €1,144 to €8,157
of which Trade receivables: +€4,513
- Tangible fixed assets -€5,905
down €5,905 (-10.2%), from €57,935 to €52,030
of which Leasing and similar rights: -€5,626
- Reserves +€24,000
up €24,000 (+150%), from €16,000 to €40,000
- Debts after one year -€4,464
down €4,464 (-9.4%), from €47,236 to €42,773
- Tax, wage and social debts +€2,531
up €2,531 (+87.3%), from €2,899 to €5,430
- Gross operating margin +€27,647
up €27,647 (+134%), from €20,588 to €48,235
- Taxes +€3,240
up €3,240 (+364%), from €891 to €4,132
- Depreciation -€778
down €778 (-11.6%), from €6,684 to €5,905
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 | €113,816 | €135,517 | +€21,701 | +19.1% |
| Fixed assets | 21/28 | €57,935 | €52,030 | -€5,905 | -10.2% |
| Tangible fixed assets | 22/27 | €57,935 | €52,030 | -€5,905 | -10.2% |
| Plant, machinery and equipment | 23 | €1,679 | €1,399 | -€280 | -16.7% |
| Leasing and similar rights | 25 | €56,256 | €50,630 | -€5,626 | -10.0% |
| Current assets | 29/58 | €55,881 | €83,488 | +€27,607 | +49.4% |
| Amounts receivable within one year | 40/41 | €1,144 | €8,157 | +€7,013 | +613% |
| Trade receivables | 40 | €1,144 | €5,657 | +€4,513 | +394% |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €54,737 | €75,331 | +€20,594 | +37.6% |
| Total equity and liabilities | 10/49 | €113,816 | €135,517 | +€21,701 | +19.1% |
| Equity | 10/15 | €59,389 | €82,784 | +€23,395 | +39.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €16,000 | €40,000 | +€24,000 | +150% |
| Distributable reserves | 133 | €16,000 | €40,000 | +€24,000 | +150% |
| Profit (loss) carried forward | 14 | €35,329 | €34,724 | -€605 | -1.7% |
| Amounts payable | 17/49 | €54,427 | €52,733 | -€1,694 | -3.1% |
| Amounts payable after more than one year | 17 | €47,236 | €42,773 | -€4,464 | -9.4% |
| Financial debts | 170/4 | €47,236 | €42,773 | -€4,464 | -9.4% |
| Amounts payable within one year | 42/48 | €7,191 | €9,961 | +€2,770 | +38.5% |
| Current portion of amounts payable after more than one year | 42 | €4,292 | €4,464 | +€172 | +4.0% |
| Trade debts | 44 | - | €67 | +€67 | |
| Suppliers | 440/4 | - | €67 | +€67 | |
| Taxes, remuneration and social security | 45 | €2,899 | €5,430 | +€2,531 | +87.3% |
| Taxes | 450/3 | €2,899 | €5,430 | +€2,531 | +87.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,684 | €5,905 | -€778 | -11.6% |
| Other operating charges | 640/8 | €605 | €625 | +€20 | +3.3% |
| Gross operating margin | 9900 | €20,588 | €48,235 | +€27,647 | +134% |
| Operating profit (loss) | 9901 | €13,299 | €41,704 | +€28,405 | +214% |
| Financial charges | 65/66B | €2,282 | €2,177 | -€105 | -4.6% |
| Recurring financial charges | 65 | €2,282 | €2,177 | -€105 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €11,017 | €39,527 | +€28,510 | +259% |
| Income taxes | 67/77 | €891 | €4,132 | +€3,240 | +364% |
| Profit (loss) for the period | 9904 | €10,126 | €35,395 | +€25,270 | +250% |
| Profit (loss) for the period to be appropriated | 9905 | €10,126 | €35,395 | +€25,270 | +250% |
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 26 October 2026 via checked.be.