MC: 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.
MC
Largest movements
- Stocks and contracts -€21,500
no longer reported in 2025 (was €21,500)
- Tangible fixed assets -€3,418
down €3,418 (-65.0%), from €5,261 to €1,842
of which Furniture and vehicles: -€2,640
- Deferred charges and accrued income -€2,095
no longer reported in 2025 (was €2,095)
- Receivables within one year +€1,362
up €1,362 (+101.1%), from €1,347 to €2,709
of which Other amounts receivable: +€1,362
- Reserves -€45,669
no longer reported in 2025 (was €45,669)
- Profit (loss) carried forward +€20,080
up €20,080 (+2274.7%), from €883 to €20,963
- Trade debts -€1,036
down €1,036 (-85.1%), from €1,218 to €182
- Accrued charges and deferred income +€933
up €933 (+259.3%), from €360 to €1,293
- Gross operating margin -€32,648
down €32,648, from €8,862 to -€23,786
- Purchases and services +€28,532
up €28,532 (+59.0%), from €48,377 to €76,909
- Depreciation -€4,747
down €4,747 (-63.7%), from €7,458 to €2,711
- Turnover -€4,116
down €4,116 (-7.2%), from €57,239 to €53,123
- Financial income +€701
up €701 (+119.2%), from €588 to €1,289
of which Non-recurring financial income: +€1,118
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 | €63,525 | €37,819 | -€25,706 | -40.5% |
| Fixed assets | 21/28 | €5,261 | €1,842 | -€3,418 | -65.0% |
| Tangible fixed assets | 22/27 | €5,261 | €1,842 | -€3,418 | -65.0% |
| Plant, machinery and equipment | 23 | €1,479 | €701 | -€778 | -52.6% |
| Furniture and vehicles | 24 | €3,781 | €1,141 | -€2,640 | -69.8% |
| Current assets | 29/58 | €58,264 | €35,976 | -€22,288 | -38.3% |
| Stocks and contracts in progress | 3 | €21,500 | - | -€21,500 | |
| Stocks | 30/36 | €21,500 | - | -€21,500 | |
| Amounts receivable within one year | 40/41 | €1,347 | €2,709 | +€1,362 | +101.1% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €347 | €1,709 | +€1,362 | +392.6% |
| Cash at bank and in hand | 54/58 | €33,323 | €33,267 | -€56 | -0.2% |
| Deferred charges and accrued income | 490/1 | €2,095 | - | -€2,095 | |
| Total equity and liabilities | 10/49 | €63,525 | €37,819 | -€25,706 | -40.5% |
| Equity | 10/15 | €61,552 | €35,963 | -€25,589 | -41.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €45,669 | - | -€45,669 | |
| Distributable reserves | 133 | €45,669 | - | -€45,669 | |
| Profit (loss) carried forward | 14 | €883 | €20,963 | +€20,080 | +2274.7% |
| Amounts payable | 17/49 | €1,973 | €1,856 | -€117 | -5.9% |
| Amounts payable within one year | 42/48 | €1,613 | €563 | -€1,050 | -65.1% |
| Trade debts | 44 | €1,218 | €182 | -€1,036 | -85.1% |
| Suppliers | 440/4 | €1,218 | €182 | -€1,036 | -85.1% |
| Taxes, remuneration and social security | 45 | €395 | €381 | -€14 | -3.6% |
| Taxes | 450/3 | €395 | €381 | -€14 | -3.6% |
| Accrued charges and deferred income | 492/3 | €360 | €1,293 | +€933 | +259.3% |
| Turnover | 70 | €57,239 | €53,123 | -€4,116 | -7.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,377 | €76,909 | +€28,532 | +59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,458 | €2,711 | -€4,747 | -63.7% |
| Other operating charges | 640/8 | €778 | €277 | -€501 | -64.4% |
| Gross operating margin | 9900 | €8,862 | -€23,786 | -€32,648 | |
| Operating profit (loss) | 9901 | €626 | -€26,774 | -€27,400 | |
| Financial income | 75/76B | €588 | €1,289 | +€701 | +119.2% |
| Recurring financial income | 75 | €588 | €171 | -€417 | -71.0% |
| Non-recurring financial income | 76B | - | €1,118 | +€1,118 | |
| Financial charges | 65/66B | €111 | €104 | -€7 | -6.1% |
| Recurring financial charges | 65 | €111 | €104 | -€7 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €1,103 | -€25,589 | -€26,692 | |
| Income taxes | 67/77 | €221 | - | -€221 | |
| Profit (loss) for the period | 9904 | €883 | -€25,589 | -€26,471 | |
| Profit (loss) for the period to be appropriated | 9905 | €883 | -€25,589 | -€26,471 |
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 11 October 2026 via checked.be.