M.C.R.: 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.R.
Largest movements
- Cash -€1,822
down €1,822 (-87.6%), from €2,078 to €257
mainly Net result for the year (-€5,739) and Receivables within one year (-€707)
- Receivables within one year +€707
up €707 (+6.9%), from €10,220 to €10,928
of which Other amounts receivable: +€707
- Profit (loss) carried forward -€5,739
down €5,739 (-1.6%), from -€362,680 to -€368,420
- Other debts +€4,415
up €4,415 (+4.7%), from €93,620 to €98,035
- Trade debts +€210
up €210 (+6.5%), from €3,216 to €3,426
- Other operating charges -€2,170
down €2,170 (-80.7%), from €2,690 to €520
- Financial income -€1,190
no longer reported in 2025 (was €1,190)
of which Financial income: -€1,190
- Gross operating margin -€1,013
down €1,013 (-25.2%), from -€4,027 to -€5,040
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 | €13,866 | €12,751 | -€1,115 | -8.0% |
| Current assets | 29/58 | €13,866 | €12,751 | -€1,115 | -8.0% |
| Amounts receivable within one year | 40/41 | €10,220 | €10,928 | +€707 | +6.9% |
| Trade receivables | 40 | €3,291 | €3,291 | = | 0.0% |
| Other amounts receivable | 41 | €6,930 | €7,637 | +€707 | +10.2% |
| Cash at bank and in hand | 54/58 | €2,078 | €257 | -€1,822 | -87.6% |
| Deferred charges and accrued income | 490/1 | €1,567 | €1,567 | = | 0.0% |
| Total equity and liabilities | 10/49 | €13,866 | €12,751 | -€1,115 | -8.0% |
| Equity | 10/15 | -€82,971 | -€88,710 | -€5,739 | -6.9% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Capital | 10 | €117,749 | €117,749 | = | 0.0% |
| Issued capital | 100 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €161,960 | €161,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,381 | €11,381 | = | 0.0% |
| Legal reserve | 130 | €11,381 | €11,381 | = | 0.0% |
| Distributable reserves | 133 | €150,579 | €150,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,680 | -€368,420 | -€5,739 | -1.6% |
| Amounts payable | 17/49 | €96,836 | €101,461 | +€4,625 | +4.8% |
| Amounts payable within one year | 42/48 | €96,836 | €101,461 | +€4,625 | +4.8% |
| Trade debts | 44 | €3,216 | €3,426 | +€210 | +6.5% |
| Suppliers | 440/4 | €3,216 | €3,426 | +€210 | +6.5% |
| Other amounts payable | 47/48 | €93,620 | €98,035 | +€4,415 | +4.7% |
| Other operating charges | 640/8 | €2,690 | €520 | -€2,170 | -80.7% |
| Gross operating margin | 9900 | -€4,027 | -€5,040 | -€1,013 | -25.2% |
| Operating profit (loss) | 9901 | -€6,717 | -€5,560 | +€1,157 | +17.2% |
| Financial income | 75/76B | €1,190 | - | -€1,190 | |
| Recurring financial income | 75 | €1,190 | - | -€1,190 | |
| Non-recurring financial income | 76B | €1,190 | - | -€1,190 | |
| Financial charges | 65/66B | €164 | €180 | +€16 | +9.6% |
| Recurring financial charges | 65 | €164 | €180 | +€16 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,691 | -€5,739 | -€48 | -0.9% |
| Profit (loss) for the period | 9904 | -€5,691 | -€5,739 | -€48 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,691 | -€5,739 | -€48 | -0.9% |
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 14 October 2026 via checked.be.