M.C.J. Project: 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.J. Project
Largest movements
- Financial fixed assets +€10,000
new in 2025: €10,000
- Tangible fixed assets +€9,321
up €9,321 (+131%), from €7,098 to €16,419
of which Plant, machinery and equipment: +€10,808
- Cash +€6,215
up €6,215 (+23.9%), from €25,990 to €32,204
mainly Net result for the year (+€26,543) and Debts after one year (+€9,865)
- Receivables within one year -€2,477
down €2,477 (-15.7%), from €15,819 to €13,342
of which Trade receivables: -€2,509
- Deferred charges and accrued income -€1,024
no longer reported in 2025 (was €1,024)
- Profit (loss) carried forward +€16,543
up €16,543 (+524%), from €3,155 to €19,698
- Debts after one year +€9,865
new in 2025: €9,865
- Other debts -€7,547
down €7,547 (-27.1%), from €27,891 to €20,344
- Tax, wage and social debts +€5,726
up €5,726 (+159%), from €3,607 to €9,333
of which Taxes: +€3,208
- Short-term financial debts -€5,500
down €5,500 (-47.8%), from €11,500 to €6,000
- Staff costs -€18,404
down €18,404 (-99.2%), from €18,546 to €142
- Gross operating margin +€2,808
up €2,808 (+7.6%), from €36,877 to €39,685
- Taxes +€2,355
up €2,355 (+43.8%), from €5,382 to €7,737
- Other operating charges +€1,751
up €1,751 (+331%), from €529 to €2,280
- Financial charges -€498
down €498 (-29.0%), from €1,717 to €1,219
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 | €49,931 | €71,965 | +€22,035 | +44.1% |
| Fixed assets | 21/28 | €7,098 | €26,419 | +€19,321 | +272% |
| Tangible fixed assets | 22/27 | €7,098 | €16,419 | +€9,321 | +131% |
| Plant, machinery and equipment | 23 | - | €10,808 | +€10,808 | |
| Furniture and vehicles | 24 | €2,413 | €1,680 | -€733 | -30.4% |
| Other tangible fixed assets | 26 | €4,685 | €3,931 | -€754 | -16.1% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €42,833 | €45,546 | +€2,713 | +6.3% |
| Amounts receivable within one year | 40/41 | €15,819 | €13,342 | -€2,477 | -15.7% |
| Trade receivables | 40 | €15,819 | €13,310 | -€2,509 | -15.9% |
| Other amounts receivable | 41 | - | €32 | +€32 | |
| Cash at bank and in hand | 54/58 | €25,990 | €32,204 | +€6,215 | +23.9% |
| Deferred charges and accrued income | 490/1 | €1,024 | - | -€1,024 | |
| Total equity and liabilities | 10/49 | €49,931 | €71,965 | +€22,035 | +44.1% |
| Equity | 10/15 | €5,155 | €21,698 | +€16,543 | +321% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,155 | €19,698 | +€16,543 | +524% |
| Amounts payable | 17/49 | €44,776 | €50,268 | +€5,492 | +12.3% |
| Amounts payable after more than one year | 17 | - | €9,865 | +€9,865 | |
| Financial debts | 170/4 | - | €9,865 | +€9,865 | |
| Amounts payable within one year | 42/48 | €44,776 | €40,003 | -€4,773 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,508 | +€2,508 | |
| Financial debts | 43 | €11,500 | €6,000 | -€5,500 | -47.8% |
| Credit institutions | 430/8 | €11,500 | €6,000 | -€5,500 | -47.8% |
| Trade debts | 44 | €1,778 | €1,818 | +€40 | +2.2% |
| Suppliers | 440/4 | €1,778 | €1,818 | +€40 | +2.2% |
| Taxes, remuneration and social security | 45 | €3,607 | €9,333 | +€5,726 | +159% |
| Taxes | 450/3 | €2,529 | €5,738 | +€3,208 | +127% |
| Remuneration and social security | 454/9 | €1,078 | €3,596 | +€2,518 | +234% |
| Other amounts payable | 47/48 | €27,891 | €20,344 | -€7,547 | -27.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Remuneration, social security and pensions | 62 | €18,546 | €142 | -€18,404 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,370 | €1,766 | +€396 | +28.9% |
| Other operating charges | 640/8 | €529 | €2,280 | +€1,751 | +331% |
| Gross operating margin | 9900 | €36,877 | €39,685 | +€2,808 | +7.6% |
| Operating profit (loss) | 9901 | €16,432 | €35,497 | +€19,065 | +116% |
| Financial income | 75/76B | €21 | €1 | -€20 | -95.3% |
| Recurring financial income | 75 | €21 | €1 | -€20 | -95.3% |
| Financial charges | 65/66B | €1,717 | €1,219 | -€498 | -29.0% |
| Recurring financial charges | 65 | €1,717 | €1,219 | -€498 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €14,737 | €34,279 | +€19,543 | +133% |
| Income taxes | 67/77 | €5,382 | €7,737 | +€2,355 | +43.8% |
| Profit (loss) for the period | 9904 | €9,355 | €26,543 | +€17,187 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €9,355 | €26,543 | +€17,187 | +184% |
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 19 October 2026 via checked.be.