MC BIRD: what changed
Two fiscal 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 BIRD
Largest movements
- Tangible fixed assets -€11,814
down €11,814 (-1.7%), from €707,531 to €695,717
of which Land and buildings: -€11,381
- Debts after one year -€34,912
down €34,912 (-6.1%), from €575,337 to €540,426
- Other debts +€8,466
up €8,466 (+8.3%), from €101,966 to €110,432
- Depreciation +€14,814
up €14,814 (+532.9%), from €2,780 to €17,594
- Financial charges -€3,800
down €3,800 (-17.0%), from €22,388 to €18,588
- Other operating charges +€3,186
up €3,186 (+542.6%), from €587 to €3,774
From the 2025 result to the 2026 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €741,047 | €717,826 | -€23,220 | -3.1% |
| Formation expenses | 20 | €26,121 | €20,340 | -€5,780 | -22.1% |
| Fixed assets | 21/28 | €707,656 | €695,842 | -€11,814 | -1.7% |
| Tangible fixed assets | 22/27 | €707,531 | €695,717 | -€11,814 | -1.7% |
| Land and buildings | 22 | €705,362 | €693,982 | -€11,381 | -1.6% |
| Plant, machinery and equipment | 23 | €2,169 | €1,735 | -€434 | -20.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €7,270 | €1,644 | -€5,626 | -77.4% |
| Amounts receivable within one year | 40/41 | €2,100 | - | -€2,100 | |
| Trade receivables | 40 | €2,100 | - | -€2,100 | |
| Current investments | 50/53 | €4,948 | €1,644 | -€3,304 | -66.8% |
| Deferred charges and accrued income | 490/1 | €222 | - | -€222 | |
| Total equity and liabilities | 10/49 | €741,047 | €717,826 | -€23,220 | -3.1% |
| Equity | 10/15 | €27,457 | €27,458 | +€1 | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €457 | €458 | +€1 | +0.3% |
| Amounts payable | 17/49 | €713,590 | €690,368 | -€23,222 | -3.3% |
| Amounts payable after more than one year | 17 | €575,337 | €540,426 | -€34,912 | -6.1% |
| Financial debts | 170/4 | €575,337 | €540,426 | -€34,912 | -6.1% |
| Amounts payable within one year | 42/48 | €138,253 | €149,942 | +€11,690 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €24,041 | €27,005 | +€2,964 | +12.3% |
| Financial debts | 43 | €9,789 | €10,061 | +€272 | +2.8% |
| Credit institutions | 430/8 | €9,789 | €10,061 | +€272 | +2.8% |
| Taxes, remuneration and social security | 45 | €2,457 | €2,444 | -€12 | -0.5% |
| Taxes | 450/3 | €2,457 | €2,444 | -€12 | -0.5% |
| Other amounts payable | 47/48 | €101,966 | €110,432 | +€8,466 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,780 | €17,594 | +€14,814 | +532.9% |
| Other operating charges | 640/8 | €587 | €3,774 | +€3,186 | +542.6% |
| Gross operating margin | 9900 | €39,918 | €39,957 | +€40 | +0.1% |
| Operating profit (loss) | 9901 | €36,550 | €18,589 | -€17,961 | -49.1% |
| Financial charges | 65/66B | €22,388 | €18,588 | -€3,800 | -17.0% |
| Recurring financial charges | 65 | €22,388 | €18,588 | -€3,800 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €14,162 | €1 | -€14,161 | -100.0% |
| Profit (loss) for the period | 9904 | €14,162 | €1 | -€14,161 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,162 | €1 | -€14,161 | -100.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.