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
- Cash +€69,179
up €69,179 (+95.4%), from €72,504 to €141,682
mainly Net result for the year (+€36,885) and Tax, wage and social debts (+€14,847)
- Deferred charges and accrued income -€9,500
down €9,500 (-100%), from €9,500 to €0
- Receivables within one year -€5,687
down €5,687 (-96.0%), from €5,926 to €239
- Reserves +€36,885
up €36,885 (+50.2%), from €73,413 to €110,298
of which Distributable reserves: +€36,885
- Tax, wage and social debts +€14,847
up €14,847 (+861%), from €1,724 to €16,571
- Other debts +€3,086
up €3,086 (+53.6%), from €5,761 to €8,847
- Gross operating margin +€74,674
up €74,674, from -€26,002 to €48,672
- Taxes +€10,264
up €10,264 (+3,477%), from €295 to €10,559
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 | €87,929 | €141,921 | +€53,992 | +61.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €87,929 | €141,921 | +€53,992 | +61.4% |
| Amounts receivable within one year | 40/41 | €5,926 | €239 | -€5,687 | -96.0% |
| Other amounts receivable | 41 | €5,926 | €239 | -€5,687 | -96.0% |
| Cash at bank and in hand | 54/58 | €72,504 | €141,682 | +€69,179 | +95.4% |
| Deferred charges and accrued income | 490/1 | €9,500 | €0 | -€9,500 | -100% |
| Total equity and liabilities | 10/49 | €87,929 | €141,921 | +€53,992 | +61.4% |
| Equity | 10/15 | €79,618 | €116,503 | +€36,885 | +46.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €73,413 | €110,298 | +€36,885 | +50.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €71,553 | €108,438 | +€36,885 | +51.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €8,311 | €25,418 | +€17,107 | +206% |
| Amounts payable within one year | 42/48 | €7,984 | €25,418 | +€17,434 | +218% |
| Trade debts | 44 | €499 | €0 | -€499 | -100% |
| Suppliers | 440/4 | €499 | €0 | -€499 | -100% |
| Taxes, remuneration and social security | 45 | €1,724 | €16,571 | +€14,847 | +861% |
| Taxes | 450/3 | €1,724 | €16,571 | +€14,847 | +861% |
| Other amounts payable | 47/48 | €5,761 | €8,847 | +€3,086 | +53.6% |
| Accrued charges and deferred income | 492/3 | €327 | €0 | -€327 | -100% |
| Non-recurring operating income | 76A | - | €66,116 | +€66,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €0 | -€176 | -100% |
| Other operating charges | 640/8 | €717 | €1,126 | +€409 | +57.1% |
| Gross operating margin | 9900 | -€26,002 | €48,672 | +€74,674 | |
| Operating profit (loss) | 9901 | -€26,895 | €47,546 | +€74,441 | |
| Financial income | 75/76B | €18 | €0 | -€18 | -97.3% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -97.3% |
| Financial charges | 65/66B | €266 | €103 | -€164 | -61.5% |
| Recurring financial charges | 65 | €266 | €103 | -€164 | -61.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,143 | €47,444 | +€74,587 | |
| Income taxes | 67/77 | €295 | €10,559 | +€10,264 | +3,477% |
| Profit (loss) for the period | 9904 | -€27,439 | €36,885 | +€64,323 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,439 | €36,885 | +€64,323 |
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 24 October 2026 via checked.be.