MC AIRWINES: 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 AIRWINES
Largest movements
- Cash -€16,058
down €16,058 (-48.2%), from €33,345 to €17,287
mainly Trade debts (-€31,574) and Debts after one year (-€20,203)
- Stocks and contracts -€12,066
down €12,066 (-10.4%), from €116,090 to €104,024
- Tangible fixed assets -€7,127
down €7,127 (-11.1%), from €64,336 to €57,209
of which Furniture and vehicles: -€5,599
- Receivables within one year -€6,041
down €6,041 (-8.8%), from €68,713 to €62,673
of which Trade receivables: -€6,359
- Deferred charges and accrued income -€4,094
down €4,094 (-64.8%), from €6,316 to €2,222
- Trade debts -€31,574
down €31,574 (-31.6%), from €99,921 to €68,348
- Debts after one year -€20,203
down €20,203 (-26.7%), from €75,592 to €55,389
- Profit (loss) carried forward +€7,659
up €7,659 (+16.2%), from -€47,305 to -€39,646
- Other operating charges +€8,490
up €8,490 (+38.4%), from €22,104 to €30,594
- Depreciation +€7,597
up €7,597 (+58.4%), from €12,997 to €20,594
- Gross operating margin -€6,198
down €6,198 (-8.0%), from €77,262 to €71,064
- Financial charges +€3,556
up €3,556 (+47.4%), from €7,503 to €11,059
- Taxes -€2,545
down €2,545 (-79.6%), from €3,198 to €654
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 | €300,651 | €253,785 | -€46,866 | -15.6% |
| Fixed assets | 21/28 | €76,186 | €67,579 | -€8,607 | -11.3% |
| Intangible fixed assets | 21 | €9,050 | €7,570 | -€1,480 | -16.4% |
| Tangible fixed assets | 22/27 | €64,336 | €57,209 | -€7,127 | -11.1% |
| Plant, machinery and equipment | 23 | €8,381 | €6,852 | -€1,528 | -18.2% |
| Furniture and vehicles | 24 | €55,955 | €50,356 | -€5,599 | -10.0% |
| Financial fixed assets | 28 | €2,800 | €2,800 | = | 0.0% |
| Current assets | 29/58 | €224,465 | €186,206 | -€38,259 | -17.0% |
| Stocks and contracts in progress | 3 | €116,090 | €104,024 | -€12,066 | -10.4% |
| Stocks | 30/36 | €116,090 | €104,024 | -€12,066 | -10.4% |
| Amounts receivable within one year | 40/41 | €68,713 | €62,673 | -€6,041 | -8.8% |
| Trade receivables | 40 | €61,404 | €55,045 | -€6,359 | -10.4% |
| Other amounts receivable | 41 | €7,309 | €7,628 | +€319 | +4.4% |
| Cash at bank and in hand | 54/58 | €33,345 | €17,287 | -€16,058 | -48.2% |
| Deferred charges and accrued income | 490/1 | €6,316 | €2,222 | -€4,094 | -64.8% |
| Total equity and liabilities | 10/49 | €300,651 | €253,785 | -€46,866 | -15.6% |
| Equity | 10/15 | €61,103 | €68,762 | +€7,659 | +12.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €96,008 | €96,008 | = | 0.0% |
| Distributable reserves | 133 | €96,008 | €96,008 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,305 | -€39,646 | +€7,659 | +16.2% |
| Amounts payable | 17/49 | €239,548 | €185,022 | -€54,525 | -22.8% |
| Amounts payable after more than one year | 17 | €75,592 | €55,389 | -€20,203 | -26.7% |
| Financial debts | 170/4 | €75,592 | €55,389 | -€20,203 | -26.7% |
| Amounts payable within one year | 42/48 | €163,434 | €129,634 | -€33,800 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €19,808 | €20,203 | +€395 | +2.0% |
| Financial debts | 43 | €156 | €978 | +€822 | +525% |
| Credit institutions | 430/8 | €156 | €978 | +€822 | +525% |
| Trade debts | 44 | €99,921 | €68,348 | -€31,574 | -31.6% |
| Suppliers | 440/4 | €99,921 | €68,348 | -€31,574 | -31.6% |
| Advances received on contracts in progress | 46 | - | €1,990 | +€1,990 | |
| Taxes, remuneration and social security | 45 | €32,868 | €30,417 | -€2,451 | -7.5% |
| Taxes | 450/3 | €32,868 | €30,417 | -€2,451 | -7.5% |
| Other amounts payable | 47/48 | €10,680 | €7,697 | -€2,982 | -27.9% |
| Accrued charges and deferred income | 492/3 | €522 | €0 | -€522 | -100% |
| Remuneration, social security and pensions | 62 | €981 | €506 | -€476 | -48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,997 | €20,594 | +€7,597 | +58.4% |
| Other operating charges | 640/8 | €22,104 | €30,594 | +€8,490 | +38.4% |
| Gross operating margin | 9900 | €77,262 | €71,064 | -€6,198 | -8.0% |
| Operating profit (loss) | 9901 | €41,180 | €19,371 | -€21,809 | -53.0% |
| Financial income | 75/76B | €16 | €1 | -€15 | -92.4% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -92.4% |
| Financial charges | 65/66B | €7,503 | €11,059 | +€3,556 | +47.4% |
| Recurring financial charges | 65 | €7,503 | €11,059 | +€3,556 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | €33,693 | €8,313 | -€25,380 | -75.3% |
| Income taxes | 67/77 | €3,198 | €654 | -€2,545 | -79.6% |
| Profit (loss) for the period | 9904 | €30,495 | €7,659 | -€22,836 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,495 | €7,659 | -€22,836 | -74.9% |
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.