M.C.O. INFRA: 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.O. INFRA
Largest movements
- Cash -€15,723
down €15,723 (-40.9%), from €38,484 to €22,761
mainly Other debts (-€10,894) and Receivables within one year (-€9,557)
- Receivables within one year +€9,557
up €9,557 (+6.9%), from €138,058 to €147,615
of which Other amounts receivable: +€4,973
- Other debts -€10,894
down €10,894 (-26.1%), from €41,777 to €30,883
- Debts after one year -€6,383
down €6,383 (-100%), from €6,383 to €0
- Reserves +€5,516
up €5,516 (+5.0%), from €110,135 to €115,650
of which Distributable reserves: +€5,516
- Trade debts +€3,334
up €3,334 (+9.0%), from €37,061 to €40,395
- Gross operating margin -€22,163
down €22,163 (-44.2%), from €50,161 to €27,998
- Taxes -€6,821
down €6,821 (-57.6%), from €11,848 to €5,027
- Financial charges +€1,310
up €1,310 (+44.7%), from €2,932 to €4,241
- Staff costs +€805
new in 2025: €805
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 | €218,214 | €211,178 | -€7,036 | -3.2% |
| Fixed assets | 21/28 | €36,493 | €34,849 | -€1,644 | -4.5% |
| Tangible fixed assets | 22/27 | €36,493 | €34,849 | -€1,644 | -4.5% |
| Land and buildings | 22 | €2,203 | €1,558 | -€645 | -29.3% |
| Plant, machinery and equipment | 23 | €19,746 | €15,841 | -€3,905 | -19.8% |
| Furniture and vehicles | 24 | €14,544 | €17,450 | +€2,906 | +20.0% |
| Current assets | 29/58 | €181,722 | €176,329 | -€5,393 | -3.0% |
| Amounts receivable within one year | 40/41 | €138,058 | €147,615 | +€9,557 | +6.9% |
| Trade receivables | 40 | €136,185 | €140,769 | +€4,584 | +3.4% |
| Other amounts receivable | 41 | €1,873 | €6,846 | +€4,973 | +265% |
| Cash at bank and in hand | 54/58 | €38,484 | €22,761 | -€15,723 | -40.9% |
| Deferred charges and accrued income | 490/1 | €5,180 | €5,953 | +€773 | +14.9% |
| Total equity and liabilities | 10/49 | €218,214 | €211,178 | -€7,036 | -3.2% |
| Equity | 10/15 | €116,335 | €121,850 | +€5,516 | +4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €110,135 | €115,650 | +€5,516 | +5.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €110,135 | €115,650 | +€5,516 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €101,880 | €89,328 | -€12,552 | -12.3% |
| Amounts payable after more than one year | 17 | €6,383 | €0 | -€6,383 | -100% |
| Financial debts | 170/4 | €6,383 | €0 | -€6,383 | -100% |
| Amounts payable within one year | 42/48 | €95,063 | €88,928 | -€6,135 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,068 | €6,383 | +€315 | +5.2% |
| Trade debts | 44 | €37,061 | €40,395 | +€3,334 | +9.0% |
| Suppliers | 440/4 | €37,061 | €40,395 | +€3,334 | +9.0% |
| Taxes, remuneration and social security | 45 | €10,157 | €11,267 | +€1,110 | +10.9% |
| Taxes | 450/3 | €10,157 | €8,767 | -€1,390 | -13.7% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €41,777 | €30,883 | -€10,894 | -26.1% |
| Accrued charges and deferred income | 492/3 | €434 | €400 | -€34 | -7.8% |
| Non-recurring operating income | 76A | - | €8,250 | +€8,250 | |
| Remuneration, social security and pensions | 62 | - | €805 | +€805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,814 | €9,077 | +€263 | +3.0% |
| Other operating charges | 640/8 | €1,596 | €1,552 | -€44 | -2.7% |
| Gross operating margin | 9900 | €50,161 | €27,998 | -€22,163 | -44.2% |
| Operating profit (loss) | 9901 | €39,752 | €16,564 | -€23,187 | -58.3% |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €2,932 | €4,241 | +€1,310 | +44.7% |
| Recurring financial charges | 65 | €2,932 | €4,241 | +€1,310 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | €36,820 | €12,340 | -€24,480 | -66.5% |
| Income taxes | 67/77 | €11,848 | €5,027 | -€6,821 | -57.6% |
| Profit (loss) for the period | 9904 | €24,972 | €7,313 | -€17,659 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,972 | €7,313 | -€17,659 | -70.7% |
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 30 October 2026 via checked.be.