M.L.C.I.: what changed
M.L.C.I.
Largest movements
- Cash -€21,746
down €21,746 (-70.2%), from €30,955 to €9,210
mainly Investment in fixed assets (net) (-€57,422) and Debts after one year (-€48,051)
- Receivables within one year -€13,050
down €13,050 (-94.6%), from €13,794 to €744
of which Trade receivables: -€13,455
- Tangible fixed assets +€11,156
up €11,156 (+1.4%), from €812,359 to €823,516
of which Land and buildings: +€11,349
- Debts after one year -€48,051
down €48,051 (-9.3%), from €519,468 to €471,418
- Other debts +€38,040
up €38,040 (+569%), from €6,681 to €44,721
- Profit (loss) carried forward -€22,976
down €22,976 (-18.4%), from €125,087 to €102,111
- Trade debts +€9,339
up €9,339 (+1,300%), from €719 to €10,058
- Gross operating margin -€46,765
down €46,765 (-50.7%), from €92,159 to €45,395
- Taxes -€6,694
down €6,694 (-95.7%), from €6,994 to €300
- Depreciation +€3,075
up €3,075 (+7.1%), from €43,191 to €46,266
- Financial charges -€1,089
down €1,089 (-6.8%), from €16,007 to €14,918
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €858,785 | €835,021 | -€23,763 | -2.8% |
| Fixed assets | 21/28 | €812,359 | €823,516 | +€11,156 | +1.4% |
| Tangible fixed assets | 22/27 | €812,359 | €823,516 | +€11,156 | +1.4% |
| Land and buildings | 22 | €811,852 | €823,202 | +€11,349 | +1.4% |
| Furniture and vehicles | 24 | €507 | €314 | -€193 | -38.1% |
| Current assets | 29/58 | €46,426 | €11,506 | -€34,920 | -75.2% |
| Amounts receivable within one year | 40/41 | €13,794 | €744 | -€13,050 | -94.6% |
| Trade receivables | 40 | €13,794 | €339 | -€13,455 | -97.5% |
| Other amounts receivable | 41 | - | €405 | +€405 | |
| Cash at bank and in hand | 54/58 | €30,955 | €9,210 | -€21,746 | -70.2% |
| Deferred charges and accrued income | 490/1 | €1,677 | €1,552 | -€125 | -7.4% |
| Total equity and liabilities | 10/49 | €858,785 | €835,021 | -€23,763 | -2.8% |
| Equity | 10/15 | €275,147 | €252,171 | -€22,976 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,860 | €143,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,087 | €102,111 | -€22,976 | -18.4% |
| Amounts payable | 17/49 | €583,638 | €582,851 | -€788 | -0.1% |
| Amounts payable after more than one year | 17 | €519,468 | €471,418 | -€48,051 | -9.3% |
| Financial debts | 170/4 | €519,468 | €471,418 | -€48,051 | -9.3% |
| Amounts payable within one year | 42/48 | €64,170 | €110,120 | +€45,950 | +71.6% |
| Current portion of amounts payable after more than one year | 42 | €46,966 | €48,051 | +€1,085 | +2.3% |
| Trade debts | 44 | €719 | €10,058 | +€9,339 | +1,300% |
| Suppliers | 440/4 | €719 | €10,058 | +€9,339 | +1,300% |
| Taxes, remuneration and social security | 45 | €9,804 | €7,291 | -€2,514 | -25.6% |
| Taxes | 450/3 | €9,804 | €7,291 | -€2,514 | -25.6% |
| Other amounts payable | 47/48 | €6,681 | €44,721 | +€38,040 | +569% |
| Accrued charges and deferred income | 492/3 | - | €1,313 | +€1,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,191 | €46,266 | +€3,075 | +7.1% |
| Other operating charges | 640/8 | €6,208 | €7,011 | +€802 | +12.9% |
| Gross operating margin | 9900 | €92,159 | €45,395 | -€46,765 | -50.7% |
| Operating profit (loss) | 9901 | €42,760 | -€7,882 | -€50,642 | |
| Financial income | 75/76B | €2 | €124 | +€122 | +5,408% |
| Recurring financial income | 75 | €2 | €124 | +€122 | +5,408% |
| Financial charges | 65/66B | €16,007 | €14,918 | -€1,089 | -6.8% |
| Recurring financial charges | 65 | €16,007 | €14,918 | -€1,089 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €26,756 | -€22,676 | -€49,432 | |
| Income taxes | 67/77 | €6,994 | €300 | -€6,694 | -95.7% |
| Profit (loss) for the period | 9904 | €19,761 | -€22,976 | -€42,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,761 | -€22,976 | -€42,737 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.