MC BOUW: 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 BOUW
Largest movements
- Receivables after one year +€2.0m
up €2.0m (+250%), from €788,748 to €2.8m
- Receivables within one year -€1.5m
down €1.5m (-87.9%), from €1.7m to €204,486
of which Other amounts receivable: -€1.2m
- Stocks and contracts +€357,117
up €357,117 (+28.7%), from €1.2m to €1.6m
of which Contracts in progress: +€412,604
- Deferred charges and accrued income +€130,773
up €130,773 (+79.0%), from €165,548 to €296,321
- Financial fixed assets +€122,149
up €122,149 (+9.4%), from €1.3m to €1.4m
- Debts after one year +€1.1m
up €1.1m (+76.8%), from €1.5m to €2.6m
of which Other amounts payable: +€1.3m
- Advances received +€923,729
up €923,729 (+79.9%), from €1.2m to €2.1m
- Other debts -€619,820
down €619,820 (-47.1%), from €1.3m to €695,581
- Trade debts -€364,656
down €364,656 (-54.7%), from €667,116 to €302,460
- Reserves +€120,000
up €120,000 (+18.6%), from €646,000 to €766,000
of which Distributable reserves: +€120,000
- Gross operating margin -€1.5m
down €1.5m (-94.8%), from €1.5m to €78,833
- Financial income +€780,788
up €780,788 (+514%), from €152,035 to €932,822
of which Non-recurring financial income: +€825,793
- Financial charges +€48,021
up €48,021 (+74.9%), from €64,110 to €112,131
- Other operating charges +€36,144
up €36,144 (+1,234%), from €2,929 to €39,073
- Taxes -€35,149
down €35,149 (-90.9%), from €38,668 to €3,519
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 | €5,440,019 | €6,556,647 | +€1.1m | +20.5% |
| Fixed assets | 21/28 | €1,482,245 | €1,595,345 | +€113,100 | +7.6% |
| Tangible fixed assets | 22/27 | €178,398 | €169,350 | -€9,049 | -5.1% |
| Land and buildings | 22 | €53,238 | €165,591 | +€112,354 | +211% |
| Plant, machinery and equipment | 23 | €4,246 | €2,488 | -€1,757 | -41.4% |
| Furniture and vehicles | 24 | €4,184 | €1,270 | -€2,914 | -69.6% |
| Assets under construction and advance payments | 27 | €116,731 | €0 | -€116,731 | -100% |
| Financial fixed assets | 28 | €1,303,847 | €1,425,996 | +€122,149 | +9.4% |
| Current assets | 29/58 | €3,957,774 | €4,961,302 | +€1.0m | +25.4% |
| Amounts receivable after more than one year | 29 | €788,748 | €2,761,751 | +€2.0m | +250% |
| Other amounts receivable | 291 | €788,748 | €2,761,751 | +€2.0m | +250% |
| Stocks and contracts in progress | 3 | €1,246,460 | €1,603,577 | +€357,117 | +28.7% |
| Stocks | 30/36 | €55,487 | €0 | -€55,487 | -100% |
| Contracts in progress | 37 | €1,190,973 | €1,603,577 | +€412,604 | +34.6% |
| Amounts receivable within one year | 40/41 | €1,684,888 | €204,486 | -€1.5m | -87.9% |
| Trade receivables | 40 | €328,089 | €11,897 | -€316,192 | -96.4% |
| Other amounts receivable | 41 | €1,356,799 | €192,590 | -€1.2m | -85.8% |
| Cash at bank and in hand | 54/58 | €72,130 | €95,167 | +€23,037 | +31.9% |
| Deferred charges and accrued income | 490/1 | €165,548 | €296,321 | +€130,773 | +79.0% |
| Total equity and liabilities | 10/49 | €5,440,019 | €6,556,647 | +€1.1m | +20.5% |
| Equity | 10/15 | €667,088 | €787,252 | +€120,164 | +18.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €646,000 | €766,000 | +€120,000 | +18.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €646,000 | €766,000 | +€120,000 | +18.6% |
| Profit (loss) carried forward | 14 | €1,088 | €1,252 | +€164 | +15.1% |
| Amounts payable | 17/49 | €4,772,931 | €5,769,396 | +€996,464 | +20.9% |
| Amounts payable after more than one year | 17 | €1,467,833 | €2,594,443 | +€1.1m | +76.8% |
| Financial debts | 170/4 | €385,983 | €177,083 | -€208,899 | -54.1% |
| Other amounts payable | 178/9 | €1,081,850 | €2,417,359 | +€1.3m | +123% |
| Amounts payable within one year | 42/48 | €3,305,098 | €3,174,953 | -€130,145 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €147,700 | €86,375 | -€61,325 | -41.5% |
| Trade debts | 44 | €667,116 | €302,460 | -€364,656 | -54.7% |
| Suppliers | 440/4 | €667,116 | €302,460 | -€364,656 | -54.7% |
| Advances received on contracts in progress | 46 | €1,156,271 | €2,080,000 | +€923,729 | +79.9% |
| Taxes, remuneration and social security | 45 | €18,611 | €10,537 | -€8,074 | -43.4% |
| Taxes | 450/3 | €9,066 | €471 | -€8,595 | -94.8% |
| Remuneration and social security | 454/9 | €9,545 | €10,066 | +€521 | +5.5% |
| Other amounts payable | 47/48 | €1,315,400 | €695,581 | -€619,820 | -47.1% |
| Remuneration, social security and pensions | 62 | €47,690 | €47,719 | +€29 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,108 | €9,049 | +€3,941 | +77.1% |
| Other operating charges | 640/8 | €2,929 | €39,073 | +€36,144 | +1,234% |
| Non-recurring operating charges | 66A | €201,751 | €0 | -€201,751 | -100% |
| Gross operating margin | 9900 | €1,530,337 | €78,833 | -€1.5m | -94.8% |
| Operating profit (loss) | 9901 | €1,272,858 | -€17,008 | -€1.3m | |
| Financial income | 75/76B | €152,035 | €932,822 | +€780,788 | +514% |
| Recurring financial income | 75 | €152,035 | €107,029 | -€45,006 | -29.6% |
| Non-recurring financial income | 76B | - | €825,793 | +€825,793 | |
| Financial charges | 65/66B | €64,110 | €112,131 | +€48,021 | +74.9% |
| Recurring financial charges | 65 | €64,110 | €112,131 | +€48,021 | +74.9% |
| Profit (loss) for the period before taxes | 9903 | €1,360,783 | €803,683 | -€557,100 | -40.9% |
| Income taxes | 67/77 | €38,668 | €3,519 | -€35,149 | -90.9% |
| Profit (loss) for the period | 9904 | €1,322,115 | €800,164 | -€521,950 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,322,115 | €800,164 | -€521,950 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.