M-CO PRODUCTIONS: 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-CO PRODUCTIONS
Largest movements
- Cash -€13,694
down €13,694 (-62.1%), from €22,065 to €8,371
mainly Investment in fixed assets (net) (-€31,653) and Net result for the year (-€20,193)
- Receivables within one year -€12,992
down €12,992 (-42.2%), from €30,811 to €17,819
of which Other amounts receivable: -€10,141
- Tangible fixed assets +€2,706
up €2,706 (+3.5%), from €77,465 to €80,171
of which Plant, machinery and equipment: +€15,026
- Other debts +€22,276
up €22,276 (+371%), from €6,000 to €28,276
- Reserves -€20,193
down €20,193 (-89.1%), from €22,654 to €2,461
- Trade debts -€13,446
down €13,446 (-68.7%), from €19,564 to €6,117
- Debts after one year -€6,439
down €6,439 (-20.8%), from €30,966 to €24,527
- Tax, wage and social debts -€5,067
down €5,067 (-13.6%), from €37,188 to €32,122
of which Remuneration and social security: -€4,566
- Depreciation +€14,504
up €14,504 (+100%), from €14,443 to €28,947
- Gross operating margin +€5,258
up €5,258 (+6.5%), from €80,802 to €86,060
- Write-downs -€1,350
down €1,350 (-100%), from €1,350 to €0
- Financial charges +€1,108
up €1,108 (+151%), from €735 to €1,843
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 | €131,508 | €107,570 | -€23,938 | -18.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €77,465 | €80,171 | +€2,706 | +3.5% |
| Tangible fixed assets | 22/27 | €77,465 | €80,171 | +€2,706 | +3.5% |
| Plant, machinery and equipment | 23 | €21,569 | €36,595 | +€15,026 | +69.7% |
| Furniture and vehicles | 24 | €11,240 | €8,088 | -€3,153 | -28.0% |
| Leasing and similar rights | 25 | €44,656 | €35,488 | -€9,168 | -20.5% |
| Current assets | 29/58 | €54,043 | €27,399 | -€26,644 | -49.3% |
| Amounts receivable within one year | 40/41 | €30,811 | €17,819 | -€12,992 | -42.2% |
| Trade receivables | 40 | €20,084 | €17,234 | -€2,850 | -14.2% |
| Other amounts receivable | 41 | €10,727 | €586 | -€10,141 | -94.5% |
| Cash at bank and in hand | 54/58 | €22,065 | €8,371 | -€13,694 | -62.1% |
| Deferred charges and accrued income | 490/1 | €1,167 | €1,209 | +€42 | +3.6% |
| Total equity and liabilities | 10/49 | €131,508 | €107,570 | -€23,938 | -18.2% |
| Equity | 10/15 | €25,654 | €5,461 | -€20,193 | -78.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €22,654 | €2,461 | -€20,193 | -89.1% |
| Distributable reserves | 133 | €22,654 | €2,461 | -€20,193 | -89.1% |
| Amounts payable | 17/49 | €105,854 | €102,109 | -€3,744 | -3.5% |
| Amounts payable after more than one year | 17 | €30,966 | €24,527 | -€6,439 | -20.8% |
| Financial debts | 170/4 | €30,966 | €24,527 | -€6,439 | -20.8% |
| Amounts payable within one year | 42/48 | €74,888 | €77,583 | +€2,695 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €12,136 | €11,068 | -€1,068 | -8.8% |
| Trade debts | 44 | €19,564 | €6,117 | -€13,446 | -68.7% |
| Suppliers | 440/4 | €19,564 | €6,117 | -€13,446 | -68.7% |
| Taxes, remuneration and social security | 45 | €37,188 | €32,122 | -€5,067 | -13.6% |
| Taxes | 450/3 | €17,074 | €16,573 | -€501 | -2.9% |
| Remuneration and social security | 454/9 | €20,114 | €15,549 | -€4,566 | -22.7% |
| Other amounts payable | 47/48 | €6,000 | €28,276 | +€22,276 | +371% |
| Non-recurring operating income | 76A | €4,066 | €0 | -€4,066 | -100% |
| Remuneration, social security and pensions | 62 | €57,521 | €57,103 | -€418 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,443 | €28,947 | +€14,504 | +100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,350 | €0 | -€1,350 | -100% |
| Other operating charges | 640/8 | €586 | €935 | +€349 | +59.6% |
| Non-recurring operating charges | 66A | - | €17,107 | +€17,107 | |
| Gross operating margin | 9900 | €80,802 | €86,060 | +€5,258 | +6.5% |
| Operating profit (loss) | 9901 | €6,903 | -€18,032 | -€24,935 | |
| Financial income | 75/76B | €0 | €121 | +€121 | |
| Recurring financial income | 75 | €0 | €121 | +€121 | |
| Financial charges | 65/66B | €735 | €1,843 | +€1,108 | +151% |
| Recurring financial charges | 65 | €735 | €1,843 | +€1,108 | +151% |
| Profit (loss) for the period before taxes | 9903 | €6,168 | -€19,754 | -€25,922 | |
| Income taxes | 67/77 | €1,278 | €439 | -€839 | -65.6% |
| Profit (loss) for the period | 9904 | €4,890 | -€20,193 | -€25,083 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,890 | -€20,193 | -€25,083 |
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 28 October 2026 via checked.be.