M.C.M.: 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.M.
Largest movements
- Receivables within one year -€338,726
down €338,726 (-50.9%), from €665,974 to €327,248
of which Trade receivables: -€343,574
- Cash +€250,675
up €250,675 (+98.4%), from €254,814 to €505,489
mainly Receivables within one year (+€338,726) and Net result for the year (+€221,576)
- Tangible fixed assets +€223,180
up €223,180 (+38.7%), from €576,675 to €799,855
of which Furniture and vehicles: +€169,831
- Stocks and contracts +€87,095
up €87,095 (+20.5%), from €425,195 to €512,290
- Reserves +€123,457
up €123,457 (+5.3%), from €2.3m to €2.4m
of which Distributable reserves: +€131,457
- Accrued charges and deferred income +€75,221
up €75,221, from €0 to €75,221
- Other debts +€32,149
up €32,149 (+537.4%), from €5,982 to €38,131
- Staff costs +€96,843
up €96,843 (+15.2%), from €637,790 to €734,633
- Depreciation +€49,822
up €49,822 (+30.3%), from €164,257 to €214,079
- Taxes -€45,259
down €45,259 (-41.0%), from €110,349 to €65,090
- Gross operating margin +€34,359
up €34,359 (+2.7%), from €1.3m to €1.3m
- Financial charges +€16,115
up €16,115 (+93.1%), from €17,315 to €33,430
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,517,836 | €2,740,060 | +€222,224 | +8.8% |
| Fixed assets | 21/28 | €576,675 | €799,855 | +€223,180 | +38.7% |
| Tangible fixed assets | 22/27 | €576,675 | €799,855 | +€223,180 | +38.7% |
| Land and buildings | 22 | €5,593 | €4,949 | -€644 | -11.5% |
| Plant, machinery and equipment | 23 | €390,987 | €444,980 | +€53,992 | +13.8% |
| Furniture and vehicles | 24 | €180,096 | €349,927 | +€169,831 | +94.3% |
| Current assets | 29/58 | €1,941,160 | €1,940,205 | -€956 | 0.0% |
| Stocks and contracts in progress | 3 | €425,195 | €512,290 | +€87,095 | +20.5% |
| Contracts in progress | 37 | €425,195 | €512,290 | +€87,095 | +20.5% |
| Amounts receivable within one year | 40/41 | €665,974 | €327,248 | -€338,726 | -50.9% |
| Trade receivables | 40 | €574,701 | €231,127 | -€343,574 | -59.8% |
| Other amounts receivable | 41 | €91,273 | €96,121 | +€4,848 | +5.3% |
| Current investments | 50/53 | €595,177 | €595,177 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €254,814 | €505,489 | +€250,675 | +98.4% |
| Total equity and liabilities | 10/49 | €2,517,836 | €2,740,060 | +€222,224 | +8.8% |
| Equity | 10/15 | €2,403,135 | €2,524,712 | +€121,576 | +5.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €2,321,254 | €2,444,712 | +€123,457 | +5.3% |
| Non-distributable reserves | 130/1 | €8,000 | €0 | -€8,000 | -100.0% |
| Reserves not available under the articles | 1311 | €8,000 | €0 | -€8,000 | -100.0% |
| Distributable reserves | 133 | €2,313,254 | €2,444,712 | +€131,457 | +5.7% |
| Profit (loss) carried forward | 14 | €1,881 | €0 | -€1,881 | -100.0% |
| Amounts payable | 17/49 | €114,700 | €215,348 | +€100,648 | +87.7% |
| Amounts payable within one year | 42/48 | €114,700 | €140,127 | +€25,427 | +22.2% |
| Financial debts | 43 | €29,251 | €29,235 | -€16 | -0.1% |
| Credit institutions | 430/8 | €29,251 | €29,235 | -€16 | -0.1% |
| Trade debts | 44 | €40,589 | €17,905 | -€22,684 | -55.9% |
| Suppliers | 440/4 | €40,589 | €17,905 | -€22,684 | -55.9% |
| Taxes, remuneration and social security | 45 | €38,879 | €54,856 | +€15,977 | +41.1% |
| Taxes | 450/3 | €38,879 | €32,944 | -€5,935 | -15.3% |
| Remuneration and social security | 454/9 | €0 | €21,913 | +€21,913 | |
| Other amounts payable | 47/48 | €5,982 | €38,131 | +€32,149 | +537.4% |
| Accrued charges and deferred income | 492/3 | €0 | €75,221 | +€75,221 | |
| Non-recurring operating income | 76A | €8,000 | €0 | -€8,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €637,790 | €734,633 | +€96,843 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €164,257 | €214,079 | +€49,822 | +30.3% |
| Other operating charges | 640/8 | €6,492 | €20,278 | +€13,786 | +212.4% |
| Gross operating margin | 9900 | €1,254,189 | €1,288,548 | +€34,359 | +2.7% |
| Operating profit (loss) | 9901 | €445,651 | €319,558 | -€126,093 | -28.3% |
| Financial income | 75/76B | €3,908 | €539 | -€3,369 | -86.2% |
| Recurring financial income | 75 | €3,908 | €539 | -€3,369 | -86.2% |
| Financial charges | 65/66B | €17,315 | €33,430 | +€16,115 | +93.1% |
| Recurring financial charges | 65 | €17,315 | €33,430 | +€16,115 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €432,243 | €286,667 | -€145,577 | -33.7% |
| Income taxes | 67/77 | €110,349 | €65,090 | -€45,259 | -41.0% |
| Profit (loss) for the period | 9904 | €321,894 | €221,576 | -€100,318 | -31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €321,894 | €221,576 | -€100,318 | -31.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.