M.L.C.: 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.L.C.
Largest movements
- Tangible fixed assets -€7,563
down €7,563 (-73.2%), from €10,334 to €2,771
of which Furniture and vehicles: -€6,478
- Receivables within one year +€5,258
up €5,258 (+55.8%), from €9,420 to €14,678
of which Other amounts receivable: +€5,218
- Cash -€3,021
down €3,021 (-61.2%), from €4,934 to €1,913
mainly Current portion of long-term debt (-€17,346) and Net result for the year (-€5,496)
- Other debts +€22,170
up €22,170 (+620%), from €3,573 to €25,743
- Current portion of long-term debt -€17,346
down €17,346 (-80.0%), from €21,670 to €4,324
- Profit (loss) carried forward -€5,496
down €5,496 (-100%), from -€5,492 to -€10,988
- Debts after one year -€4,325
no longer reported in 2025 (was €4,325)
- Depreciation -€821
down €821 (-9.6%), from €8,542 to €7,721
- Gross operating margin -€817
down €817, from €527 to -€290
- Financial income +€694
up €694 (+13.5%), from €5,129 to €5,823
- Other operating charges -€577
down €577 (-38.1%), from €1,514 to €937
- Financial charges +€238
up €238 (+11.2%), from €2,133 to €2,371
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 | €116,513 | €111,070 | -€5,443 | -4.7% |
| Fixed assets | 21/28 | €10,426 | €2,863 | -€7,563 | -72.5% |
| Tangible fixed assets | 22/27 | €10,334 | €2,771 | -€7,563 | -73.2% |
| Plant, machinery and equipment | 23 | €2,750 | €1,665 | -€1,085 | -39.5% |
| Furniture and vehicles | 24 | €7,584 | €1,106 | -€6,478 | -85.4% |
| Financial fixed assets | 28 | €92 | €92 | = | 0.0% |
| Current assets | 29/58 | €106,087 | €108,207 | +€2,120 | +2.0% |
| Amounts receivable within one year | 40/41 | €9,420 | €14,678 | +€5,258 | +55.8% |
| Trade receivables | 40 | €4,400 | €4,440 | +€40 | +0.9% |
| Other amounts receivable | 41 | €5,020 | €10,238 | +€5,218 | +104% |
| Current investments | 50/53 | €90,104 | €90,104 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,934 | €1,913 | -€3,021 | -61.2% |
| Deferred charges and accrued income | 490/1 | €1,629 | €1,512 | -€117 | -7.2% |
| Total equity and liabilities | 10/49 | €116,513 | €111,070 | -€5,443 | -4.7% |
| Equity | 10/15 | €70,037 | €64,541 | -€5,496 | -7.8% |
| Contributions | 10/11 | €3,304 | €3,304 | = | 0.0% |
| Contributions outside capital | 11 | €3,304 | €3,304 | = | 0.0% |
| Share premium | 1100/10 | €3,304 | €3,304 | = | 0.0% |
| Reserves | 13 | €72,225 | €72,225 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,125 | €31,125 | = | 0.0% |
| Distributable reserves | 133 | €41,100 | €41,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,492 | -€10,988 | -€5,496 | -100% |
| Provisions and deferred taxes | 16 | €10,375 | €10,375 | = | 0.0% |
| Deferred taxes | 168 | €10,375 | €10,375 | = | 0.0% |
| Amounts payable | 17/49 | €36,101 | €36,154 | +€53 | +0.1% |
| Amounts payable after more than one year | 17 | €4,325 | - | -€4,325 | |
| Financial debts | 170/4 | €4,325 | - | -€4,325 | |
| Amounts payable within one year | 42/48 | €31,026 | €35,404 | +€4,378 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €21,670 | €4,324 | -€17,346 | -80.0% |
| Trade debts | 44 | €2,870 | €2,634 | -€236 | -8.2% |
| Suppliers | 440/4 | €2,870 | €2,634 | -€236 | -8.2% |
| Taxes, remuneration and social security | 45 | €2,913 | €2,703 | -€210 | -7.2% |
| Taxes | 450/3 | €2,913 | €272 | -€2,641 | -90.7% |
| Remuneration and social security | 454/9 | - | €2,431 | +€2,431 | |
| Other amounts payable | 47/48 | €3,573 | €25,743 | +€22,170 | +620% |
| Accrued charges and deferred income | 492/3 | €750 | €750 | = | 0.0% |
| Non-recurring operating income | 76A | €9,401 | - | -€9,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,542 | €7,721 | -€821 | -9.6% |
| Other operating charges | 640/8 | €1,514 | €937 | -€577 | -38.1% |
| Gross operating margin | 9900 | €527 | -€290 | -€817 | |
| Operating profit (loss) | 9901 | -€9,529 | -€8,948 | +€581 | +6.1% |
| Financial income | 75/76B | €5,129 | €5,823 | +€694 | +13.5% |
| Recurring financial income | 75 | €5,129 | €5,823 | +€694 | +13.5% |
| Financial charges | 65/66B | €2,133 | €2,371 | +€238 | +11.2% |
| Recurring financial charges | 65 | €2,133 | €2,371 | +€238 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,533 | -€5,496 | +€1,037 | +15.9% |
| Transfer from deferred taxes | 780 | €2,006 | - | -€2,006 | |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | -€4,701 | -€5,496 | -€795 | -16.9% |
| Transfer from tax-exempt reserves | 789 | €6,018 | - | -€6,018 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,317 | -€5,496 | -€6,813 |
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 15 October 2026 via checked.be.