MC²: 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.
MC²
Largest movements
- Receivables within one year +€283,109
up €283,109 (+24.6%), from €1.2m to €1.4m
of which Trade receivables: +€324,324
- Cash -€112,742
down €112,742 (-97.0%), from €116,231 to €3,489
mainly Other debts (-€351,120) and Receivables within one year (-€283,109)
- Tangible fixed assets -€35,229
down €35,229 (-5.4%), from €651,785 to €616,556
of which Land and buildings: -€18,432
- Trade debts +€384,549
up €384,549 (+968.7%), from €39,696 to €424,244
- Other debts -€351,120
down €351,120 (-16.7%), from €2.1m to €1.8m
- Profit (loss) carried forward +€158,880
up €158,880 (+9.7%), from -€1.6m to -€1.5m
- Tax, wage and social debts -€34,040
down €34,040 (-46.0%), from €74,025 to €39,984
of which Remuneration and social security: -€17,618
- Gross operating margin +€479,795
up €479,795, from -€174,008 to €305,787
- Financial charges -€192,790
down €192,790 (-91.3%), from €211,074 to €18,284
- Staff costs -€13,129
down €13,129 (-14.5%), from €90,557 to €77,427
- Other operating charges -€11,168
down €11,168 (-35.3%), from €31,670 to €20,502
- Financial income +€5,474
up €5,474 (+27354.4%), from €20 to €5,494
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,529,943 | €2,669,771 | +€139,828 | +5.5% |
| Fixed assets | 21/28 | €651,785 | €616,556 | -€35,229 | -5.4% |
| Tangible fixed assets | 22/27 | €651,785 | €616,556 | -€35,229 | -5.4% |
| Land and buildings | 22 | €558,220 | €539,788 | -€18,432 | -3.3% |
| Plant, machinery and equipment | 23 | €51,787 | €44,450 | -€7,338 | -14.2% |
| Furniture and vehicles | 24 | €27,408 | €23,225 | -€4,183 | -15.3% |
| Other tangible fixed assets | 26 | €14,370 | €9,093 | -€5,277 | -36.7% |
| Current assets | 29/58 | €1,878,158 | €2,053,215 | +€175,058 | +9.3% |
| Stocks and contracts in progress | 3 | €506,439 | €506,439 | = | 0.0% |
| Stocks | 30/36 | €506,439 | €506,439 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,152,243 | €1,435,352 | +€283,109 | +24.6% |
| Trade receivables | 40 | €887,150 | €1,211,474 | +€324,324 | +36.6% |
| Other amounts receivable | 41 | €265,093 | €223,878 | -€41,215 | -15.5% |
| Cash at bank and in hand | 54/58 | €116,231 | €3,489 | -€112,742 | -97.0% |
| Deferred charges and accrued income | 490/1 | €103,244 | €107,936 | +€4,691 | +4.5% |
| Total equity and liabilities | 10/49 | €2,529,943 | €2,669,771 | +€139,828 | +5.5% |
| Equity | 10/15 | -€1,615,255 | -€1,456,375 | +€158,880 | +9.8% |
| Contributions | 10/11 | €16,800 | €16,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,632,055 | -€1,473,175 | +€158,880 | +9.7% |
| Amounts payable | 17/49 | €4,145,197 | €4,126,146 | -€19,051 | -0.5% |
| Amounts payable after more than one year | 17 | €257,800 | €239,048 | -€18,752 | -7.3% |
| Financial debts | 170/4 | €257,800 | €239,048 | -€18,752 | -7.3% |
| Amounts payable within one year | 42/48 | €3,887,397 | €3,886,785 | -€612 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €18,752 | €18,752 | = | 0.0% |
| Financial debts | 43 | €1,646,337 | €1,646,337 | = | 0.0% |
| Other loans | 439 | €1,646,337 | €1,646,337 | = | 0.0% |
| Trade debts | 44 | €39,696 | €424,244 | +€384,549 | +968.7% |
| Suppliers | 440/4 | €39,696 | €424,244 | +€384,549 | +968.7% |
| Taxes, remuneration and social security | 45 | €74,025 | €39,984 | -€34,040 | -46.0% |
| Taxes | 450/3 | €51,074 | €34,652 | -€16,422 | -32.2% |
| Remuneration and social security | 454/9 | €22,950 | €5,332 | -€17,618 | -76.8% |
| Other amounts payable | 47/48 | €2,108,588 | €1,757,468 | -€351,120 | -16.7% |
| Accrued charges and deferred income | 492/3 | - | €313 | +€313 | |
| Remuneration, social security and pensions | 62 | €90,557 | €77,427 | -€13,129 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,643 | €36,188 | +€1,545 | +4.5% |
| Other operating charges | 640/8 | €31,670 | €20,502 | -€11,168 | -35.3% |
| Gross operating margin | 9900 | -€174,008 | €305,787 | +€479,795 | |
| Operating profit (loss) | 9901 | -€330,878 | €171,670 | +€502,547 | |
| Financial income | 75/76B | €20 | €5,494 | +€5,474 | +27354.4% |
| Recurring financial income | 75 | €20 | €5,494 | +€5,474 | +27354.4% |
| Financial charges | 65/66B | €211,074 | €18,284 | -€192,790 | -91.3% |
| Recurring financial charges | 65 | €211,074 | €18,284 | -€192,790 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | -€541,931 | €158,880 | +€700,811 | |
| Profit (loss) for the period | 9904 | -€541,931 | €158,880 | +€700,811 | |
| Profit (loss) for the period to be appropriated | 9905 | -€541,931 | €158,880 | +€700,811 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.