M & C TECHNOLOGY: 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 TECHNOLOGY
Largest movements
- Receivables within one year +€267,114
up €267,114 (+35.5%), from €753,265 to €1.0m
of which Trade receivables: +€331,617
- Cash -€21,824
down €21,824 (-25.5%), from €85,444 to €63,620
mainly Receivables within one year (-€267,114) and Tax, wage and social debts (-€51,576)
- Tangible fixed assets -€20,061
down €20,061 (-12.5%), from €161,062 to €141,001
- Trade debts +€257,358
up €257,358 (+69.2%), from €372,069 to €629,427
- Tax, wage and social debts -€51,576
down €51,576 (-39.3%), from €131,300 to €79,724
of which Taxes: -€51,576
- Reserves +€46,004
up €46,004 (+23.8%), from €193,372 to €239,375
- Debts after one year -€15,229
down €15,229 (-29.9%), from €50,883 to €35,655
- Gross operating margin +€56,206
up €56,206 (+99.9%), from €56,244 to €112,450
- Taxes +€17,329
up €17,329 (+2322.8%), from €746 to €18,075
- Financial charges -€11,730
down €11,730 (-33.7%), from €34,778 to €23,048
- Depreciation +€3,734
up €3,734 (+20.6%), from €18,127 to €21,861
- Financial income -€1,776
down €1,776 (-91.8%), from €1,935 to €159
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 | €1,115,427 | €1,347,582 | +€232,154 | +20.8% |
| Fixed assets | 21/28 | €170,892 | €149,031 | -€21,861 | -12.8% |
| Intangible fixed assets | 21 | €7,925 | €6,125 | -€1,800 | -22.7% |
| Tangible fixed assets | 22/27 | €161,062 | €141,001 | -€20,061 | -12.5% |
| Land and buildings | 22 | €118,230 | €110,649 | -€7,581 | -6.4% |
| Plant, machinery and equipment | 23 | €3,320 | €110 | -€3,210 | -96.7% |
| Furniture and vehicles | 24 | €39,512 | €30,242 | -€9,271 | -23.5% |
| Financial fixed assets | 28 | €1,905 | €1,905 | = | 0.0% |
| Current assets | 29/58 | €944,535 | €1,198,551 | +€254,015 | +26.9% |
| Stocks and contracts in progress | 3 | €103,998 | €114,552 | +€10,554 | +10.1% |
| Stocks | 30/36 | €103,998 | €114,552 | +€10,554 | +10.1% |
| Amounts receivable within one year | 40/41 | €753,265 | €1,020,378 | +€267,114 | +35.5% |
| Trade receivables | 40 | €656,290 | €987,907 | +€331,617 | +50.5% |
| Other amounts receivable | 41 | €96,975 | €32,472 | -€64,503 | -66.5% |
| Cash at bank and in hand | 54/58 | €85,444 | €63,620 | -€21,824 | -25.5% |
| Deferred charges and accrued income | 490/1 | €1,829 | €0 | -€1,829 | -100.0% |
| Total equity and liabilities | 10/49 | €1,115,427 | €1,347,582 | +€232,154 | +20.8% |
| Equity | 10/15 | €289,909 | €335,913 | +€46,004 | +15.9% |
| Contributions | 10/11 | €236 | €236 | = | 0.0% |
| Reserves | 13 | €193,372 | €239,375 | +€46,004 | +23.8% |
| Distributable reserves | 133 | €193,372 | €239,375 | +€46,004 | +23.8% |
| Profit (loss) carried forward | 14 | €96,302 | €96,302 | = | 0.0% |
| Amounts payable | 17/49 | €825,518 | €1,011,669 | +€186,150 | +22.5% |
| Amounts payable after more than one year | 17 | €50,883 | €35,655 | -€15,229 | -29.9% |
| Financial debts | 170/4 | €50,883 | €35,655 | -€15,229 | -29.9% |
| Amounts payable within one year | 42/48 | €773,348 | €976,014 | +€202,666 | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €18,195 | €15,229 | -€2,967 | -16.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €372,069 | €629,427 | +€257,358 | +69.2% |
| Suppliers | 440/4 | €372,069 | €629,427 | +€257,358 | +69.2% |
| Taxes, remuneration and social security | 45 | €131,300 | €79,724 | -€51,576 | -39.3% |
| Taxes | 450/3 | €131,300 | €79,724 | -€51,576 | -39.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,784 | €1,635 | -€149 | -8.4% |
| Accrued charges and deferred income | 492/3 | €1,287 | €0 | -€1,287 | -100.0% |
| Remuneration, social security and pensions | 62 | €111 | €0 | -€111 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,127 | €21,861 | +€3,734 | +20.6% |
| Other operating charges | 640/8 | €3,277 | €3,621 | +€344 | +10.5% |
| Non-recurring operating charges | 66A | €951 | €0 | -€951 | -100.0% |
| Gross operating margin | 9900 | €56,244 | €112,450 | +€56,206 | +99.9% |
| Operating profit (loss) | 9901 | €33,777 | €86,968 | +€53,190 | +157.5% |
| Financial income | 75/76B | €1,935 | €159 | -€1,776 | -91.8% |
| Recurring financial income | 75 | €1,935 | €159 | -€1,776 | -91.8% |
| Financial charges | 65/66B | €34,778 | €23,048 | -€11,730 | -33.7% |
| Recurring financial charges | 65 | €34,778 | €23,048 | -€11,730 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €934 | €64,079 | +€63,144 | +6757.7% |
| Income taxes | 67/77 | €746 | €18,075 | +€17,329 | +2322.8% |
| Profit (loss) for the period | 9904 | €188 | €46,004 | +€45,816 | +24320.8% |
| Profit (loss) for the period to be appropriated | 9905 | €188 | €46,004 | +€45,816 | +24320.8% |
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 29 September 2026 via checked.be.