MC & Associates: 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 & Associates
Largest movements
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€138,730
up €138,730 (+155%), from €89,737 to €228,467
mainly Current investments (+€150,000) and Receivables within one year (+€5,469)
- Receivables within one year -€5,469
down €5,469 (-15.4%), from €35,544 to €30,075
of which Trade receivables: -€20,347
- Deferred charges and accrued income -€4,615
down €4,615 (-37.7%), from €12,256 to €7,641
- Trade debts -€9,623
down €9,623 (-86.2%), from €11,159 to €1,536
- Tax, wage and social debts -€7,683
down €7,683 (-79.3%), from €9,683 to €2,000
of which Taxes: -€9,683
- Other debts -€6,445
down €6,445 (-74.5%), from €8,652 to €2,207
- Gross operating margin -€70,277
down €70,277 (-79.8%), from €88,032 to €17,755
- Taxes -€19,943
down €19,943 (-88.7%), from €22,478 to €2,535
- Other operating charges +€7,170
up €7,170 (+167%), from €4,283 to €11,453
- Financial income +€2,195
up €2,195 (+631%), from €348 to €2,543
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 | €297,485 | €273,819 | -€23,666 | -8.0% |
| Fixed assets | 21/28 | €9,948 | €7,636 | -€2,312 | -23.2% |
| Tangible fixed assets | 22/27 | €9,892 | €7,580 | -€2,312 | -23.4% |
| Plant, machinery and equipment | 23 | €861 | €226 | -€635 | -73.8% |
| Furniture and vehicles | 24 | €9,031 | €7,354 | -€1,677 | -18.6% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €287,537 | €266,183 | -€21,354 | -7.4% |
| Amounts receivable within one year | 40/41 | €35,544 | €30,075 | -€5,469 | -15.4% |
| Trade receivables | 40 | €23,493 | €3,146 | -€20,347 | -86.6% |
| Other amounts receivable | 41 | €12,051 | €26,929 | +€14,878 | +123% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €89,737 | €228,467 | +€138,730 | +155% |
| Deferred charges and accrued income | 490/1 | €12,256 | €7,641 | -€4,615 | -37.7% |
| Total equity and liabilities | 10/49 | €297,485 | €273,819 | -€23,666 | -8.0% |
| Equity | 10/15 | €261,248 | €263,122 | +€1,874 | +0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €138,638 | €140,488 | +€1,850 | +1.3% |
| Distributable reserves | 133 | €138,638 | €140,488 | +€1,850 | +1.3% |
| Profit (loss) carried forward | 14 | €116,410 | €116,434 | +€24 | 0.0% |
| Amounts payable | 17/49 | €36,237 | €10,697 | -€25,540 | -70.5% |
| Amounts payable within one year | 42/48 | €36,237 | €10,697 | -€25,540 | -70.5% |
| Current portion of amounts payable after more than one year | 42 | €6,743 | €4,954 | -€1,789 | -26.5% |
| Trade debts | 44 | €11,159 | €1,536 | -€9,623 | -86.2% |
| Suppliers | 440/4 | €11,159 | €1,536 | -€9,623 | -86.2% |
| Taxes, remuneration and social security | 45 | €9,683 | €2,000 | -€7,683 | -79.3% |
| Taxes | 450/3 | €9,683 | - | -€9,683 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €8,652 | €2,207 | -€6,445 | -74.5% |
| Non-recurring operating income | 76A | - | €41,193 | +€41,193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,600 | €4,005 | +€405 | +11.3% |
| Other operating charges | 640/8 | €4,283 | €11,453 | +€7,170 | +167% |
| Gross operating margin | 9900 | €88,032 | €17,755 | -€70,277 | -79.8% |
| Operating profit (loss) | 9901 | €80,149 | €2,297 | -€77,852 | -97.1% |
| Financial income | 75/76B | €348 | €2,543 | +€2,195 | +631% |
| Recurring financial income | 75 | €348 | €2,543 | +€2,195 | +631% |
| Financial charges | 65/66B | €781 | €431 | -€350 | -44.8% |
| Recurring financial charges | 65 | €781 | €431 | -€350 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €79,716 | €4,409 | -€75,307 | -94.5% |
| Income taxes | 67/77 | €22,478 | €2,535 | -€19,943 | -88.7% |
| Profit (loss) for the period | 9904 | €57,238 | €1,874 | -€55,364 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,238 | €1,874 | -€55,364 | -96.7% |
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 18 October 2026 via checked.be.