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
- Receivables within one year +€37,333
up €37,333 (+300%), from €12,446 to €49,779
of which Trade receivables: +€39,767
- Stocks and contracts -€12,534
down €12,534 (-67.0%), from €18,696 to €6,162
- Tangible fixed assets -€11,358
down €11,358 (-54.0%), from €21,032 to €9,674
of which Furniture and vehicles: -€7,885
- Deferred charges and accrued income +€2,873
up €2,873 (+88.7%), from €3,238 to €6,110
- Cash -€2,691
down €2,691 (-5.2%), from €51,664 to €48,973
mainly Receivables within one year (-€37,333) and Debts after one year (-€4,106)
- Trade debts +€13,175
up €13,175 (+23.4%), from €56,388 to €69,563
- Profit (loss) carried forward +€4,707
up €4,707 (+19.0%), from €24,737 to €29,443
- Debts after one year -€4,106
no longer reported in 2025 (was €4,106)
- Current portion of long-term debt -€1,209
down €1,209 (-34.5%), from €3,506 to €2,297
- Purchases and services -€387,641
no longer reported in 2025 (was €387,641)
- Turnover -€356,394
no longer reported in 2025 (was €356,394)
- Gross operating margin +€47,807
up €47,807, from -€31,031 to €16,775
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 | €107,076 | €120,699 | +€13,623 | +12.7% |
| Fixed assets | 21/28 | €21,032 | €9,674 | -€11,358 | -54.0% |
| Tangible fixed assets | 22/27 | €21,032 | €9,674 | -€11,358 | -54.0% |
| Plant, machinery and equipment | 23 | €7,858 | €4,385 | -€3,473 | -44.2% |
| Furniture and vehicles | 24 | €13,173 | €5,288 | -€7,885 | -59.9% |
| Current assets | 29/58 | €86,044 | €111,025 | +€24,981 | +29.0% |
| Stocks and contracts in progress | 3 | €18,696 | €6,162 | -€12,534 | -67.0% |
| Stocks | 30/36 | €18,696 | €6,162 | -€12,534 | -67.0% |
| Amounts receivable within one year | 40/41 | €12,446 | €49,779 | +€37,333 | +300% |
| Trade receivables | 40 | €10,012 | €49,779 | +€39,767 | +397% |
| Other amounts receivable | 41 | €2,434 | - | -€2,434 | |
| Cash at bank and in hand | 54/58 | €51,664 | €48,973 | -€2,691 | -5.2% |
| Deferred charges and accrued income | 490/1 | €3,238 | €6,110 | +€2,873 | +88.7% |
| Total equity and liabilities | 10/49 | €107,076 | €120,699 | +€13,623 | +12.7% |
| Equity | 10/15 | €32,737 | €37,443 | +€4,707 | +14.4% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,737 | €29,443 | +€4,707 | +19.0% |
| Amounts payable | 17/49 | €74,340 | €83,256 | +€8,916 | +12.0% |
| Amounts payable after more than one year | 17 | €4,106 | - | -€4,106 | |
| Financial debts | 170/4 | €4,106 | - | -€4,106 | |
| Amounts payable within one year | 42/48 | €70,233 | €83,256 | +€13,022 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €3,506 | €2,297 | -€1,209 | -34.5% |
| Trade debts | 44 | €56,388 | €69,563 | +€13,175 | +23.4% |
| Suppliers | 440/4 | €56,388 | €69,563 | +€13,175 | +23.4% |
| Taxes, remuneration and social security | 45 | €2,516 | €3,573 | +€1,056 | +42.0% |
| Taxes | 450/3 | €2,516 | €3,573 | +€1,056 | +42.0% |
| Other amounts payable | 47/48 | €7,823 | €7,823 | = | 0.0% |
| Turnover | 70 | €356,394 | - | -€356,394 | |
| Goods, raw materials, services and sundry goods | 60/61 | €387,641 | - | -€387,641 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,845 | €11,358 | -€487 | -4.1% |
| Other operating charges | 640/8 | €1,834 | €37 | -€1,796 | -98.0% |
| Non-recurring operating charges | 66A | €376 | €435 | +€59 | +15.7% |
| Gross operating margin | 9900 | -€31,031 | €16,775 | +€47,807 | |
| Operating profit (loss) | 9901 | -€45,085 | €4,945 | +€50,031 | |
| Financial income | 75/76B | €184 | - | -€184 | |
| Recurring financial income | 75 | €184 | - | -€184 | |
| Financial charges | 65/66B | €960 | €238 | -€721 | -75.2% |
| Recurring financial charges | 65 | €960 | €238 | -€721 | -75.2% |
| Profit (loss) for the period before taxes | 9903 | -€45,861 | €4,707 | +€50,567 | |
| Income taxes | 67/77 | €3,314 | - | -€3,314 | |
| Profit (loss) for the period | 9904 | -€49,175 | €4,707 | +€53,881 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,175 | €4,707 | +€53,881 |
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 26 October 2026 via checked.be.