M.C.MEMO: 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.MEMO
Largest movements
- Receivables within one year +€10,685
up €10,685 (+24.0%), from €44,561 to €55,246
of which Trade receivables: +€8,034
- Cash +€4,454
up €4,454 (+37.8%), from €11,782 to €16,236
mainly Trade debts (+€16,012) and Depreciation (+€1,268)
- Tangible fixed assets -€1,268
down €1,268 (-37.7%), from €3,363 to €2,095
of which Furniture and vehicles: -€807
- Trade debts +€16,012
up €16,012 (+103%), from €15,522 to €31,534
- Accrued charges and deferred income -€1,807
no longer reported in 2025 (was €1,807)
- Gross operating margin -€1,859
down €1,859 (-5.1%), from €36,461 to €34,602
- Staff costs +€1,824
up €1,824 (+6.9%), from €26,623 to €28,447
- Other operating charges -€962
down €962 (-27.3%), from €3,528 to €2,565
- Taxes -€530
down €530 (-23.9%), from €2,214 to €1,684
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 | €62,855 | €76,674 | +€13,819 | +22.0% |
| Fixed assets | 21/28 | €3,363 | €2,095 | -€1,268 | -37.7% |
| Tangible fixed assets | 22/27 | €3,363 | €2,095 | -€1,268 | -37.7% |
| Plant, machinery and equipment | 23 | €272 | - | -€272 | |
| Furniture and vehicles | 24 | €1,718 | €911 | -€807 | -47.0% |
| Other tangible fixed assets | 26 | €1,372 | €1,184 | -€188 | -13.7% |
| Current assets | 29/58 | €59,492 | €74,579 | +€15,087 | +25.4% |
| Stocks and contracts in progress | 3 | €2,575 | €3,098 | +€523 | +20.3% |
| Stocks | 30/36 | €2,575 | €3,098 | +€523 | +20.3% |
| Amounts receivable within one year | 40/41 | €44,561 | €55,246 | +€10,685 | +24.0% |
| Trade receivables | 40 | €4,594 | €12,628 | +€8,034 | +175% |
| Other amounts receivable | 41 | €39,967 | €42,618 | +€2,651 | +6.6% |
| Cash at bank and in hand | 54/58 | €11,782 | €16,236 | +€4,454 | +37.8% |
| Deferred charges and accrued income | 490/1 | €575 | - | -€575 | |
| Total equity and liabilities | 10/49 | €62,855 | €76,674 | +€13,819 | +22.0% |
| Equity | 10/15 | €38,302 | €38,556 | +€254 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127 | €127 | = | 0.0% |
| Distributable reserves | 133 | €127 | €127 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,975 | €32,229 | +€254 | +0.8% |
| Amounts payable | 17/49 | €24,553 | €38,119 | +€13,565 | +55.2% |
| Amounts payable within one year | 42/48 | €22,747 | €38,119 | +€15,372 | +67.6% |
| Trade debts | 44 | €15,522 | €31,534 | +€16,012 | +103% |
| Suppliers | 440/4 | €15,522 | €31,534 | +€16,012 | +103% |
| Taxes, remuneration and social security | 45 | €7,225 | €6,584 | -€640 | -8.9% |
| Taxes | 450/3 | €2,000 | €1,754 | -€246 | -12.3% |
| Remuneration and social security | 454/9 | €5,225 | €4,830 | -€395 | -7.6% |
| Accrued charges and deferred income | 492/3 | €1,807 | - | -€1,807 | |
| Remuneration, social security and pensions | 62 | €26,623 | €28,447 | +€1,824 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,274 | €1,268 | -€6 | -0.5% |
| Other operating charges | 640/8 | €3,528 | €2,565 | -€962 | -27.3% |
| Gross operating margin | 9900 | €36,461 | €34,602 | -€1,859 | -5.1% |
| Operating profit (loss) | 9901 | €5,036 | €2,322 | -€2,714 | -53.9% |
| Financial income | 75/76B | €2,359 | €2,210 | -€149 | -6.3% |
| Recurring financial income | 75 | €2,359 | €2,210 | -€149 | -6.3% |
| Financial charges | 65/66B | €2,829 | €2,594 | -€234 | -8.3% |
| Recurring financial charges | 65 | €2,829 | €2,594 | -€234 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €4,567 | €1,938 | -€2,629 | -57.6% |
| Income taxes | 67/77 | €2,214 | €1,684 | -€530 | -23.9% |
| Profit (loss) for the period | 9904 | €2,352 | €254 | -€2,099 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,352 | €254 | -€2,099 | -89.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.