M.C.M.: 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.M.
Largest movements
- Tangible fixed assets +€41,869
up €41,869 (+937.1%), from €4,468 to €46,337
of which Furniture and vehicles: +€41,986
- Cash -€29,060
down €29,060 (-48.0%), from €60,516 to €31,456
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€52,029)
- Receivables within one year -€3,927
down €3,927 (-5.4%), from €72,880 to €68,953
- Other debts +€24,501
up €24,501 (+32.2%), from €76,200 to €100,701
- Tax, wage and social debts -€14,534
down €14,534 (-49.7%), from €29,214 to €14,681
- Gross operating margin -€6,648
down €6,648 (-4.7%), from €142,173 to €135,525
- Taxes -€2,950
down €2,950 (-10.2%), from €29,028 to €26,079
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 | €137,946 | €146,975 | +€9,028 | +6.5% |
| Fixed assets | 21/28 | €4,468 | €46,337 | +€41,869 | +937.1% |
| Tangible fixed assets | 22/27 | €4,468 | €46,337 | +€41,869 | +937.1% |
| Plant, machinery and equipment | 23 | €3,168 | €3,051 | -€117 | -3.7% |
| Furniture and vehicles | 24 | €1,299 | €43,285 | +€41,986 | +3231.3% |
| Current assets | 29/58 | €133,479 | €100,638 | -€32,841 | -24.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €72,880 | €68,953 | -€3,927 | -5.4% |
| Trade receivables | 40 | €72,880 | €68,953 | -€3,927 | -5.4% |
| Cash at bank and in hand | 54/58 | €60,516 | €31,456 | -€29,060 | -48.0% |
| Deferred charges and accrued income | 490/1 | €83 | €229 | +€146 | +176.8% |
| Total equity and liabilities | 10/49 | €137,946 | €146,975 | +€9,028 | +6.5% |
| Equity | 10/15 | €32,231 | €30,776 | -€1,455 | -4.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,231 | €29,776 | -€1,455 | -4.7% |
| Amounts payable | 17/49 | €105,716 | €116,199 | +€10,483 | +9.9% |
| Amounts payable within one year | 42/48 | €105,650 | €116,003 | +€10,353 | +9.8% |
| Trade debts | 44 | €236 | €621 | +€386 | +163.4% |
| Suppliers | 440/4 | €236 | €621 | +€386 | +163.4% |
| Taxes, remuneration and social security | 45 | €29,214 | €14,681 | -€14,534 | -49.7% |
| Taxes | 450/3 | €29,214 | €14,681 | -€14,534 | -49.7% |
| Other amounts payable | 47/48 | €76,200 | €100,701 | +€24,501 | +32.2% |
| Accrued charges and deferred income | 492/3 | €66 | €196 | +€130 | +198.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,977 | €10,160 | +€1,183 | +13.2% |
| Other operating charges | 640/8 | €850 | €696 | -€153 | -18.1% |
| Gross operating margin | 9900 | €142,173 | €135,525 | -€6,648 | -4.7% |
| Operating profit (loss) | 9901 | €132,346 | €124,669 | -€7,677 | -5.8% |
| Financial charges | 65/66B | €68 | €45 | -€23 | -33.5% |
| Recurring financial charges | 65 | €68 | €45 | -€23 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €132,279 | €124,624 | -€7,655 | -5.8% |
| Income taxes | 67/77 | €29,028 | €26,079 | -€2,950 | -10.2% |
| Profit (loss) for the period | 9904 | €103,250 | €98,545 | -€4,705 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €103,250 | €98,545 | -€4,705 | -4.6% |
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 8 October 2026 via checked.be.