MC BUSINESS: 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 BUSINESS
Largest movements
- Tangible fixed assets -€26,598
down €26,598 (-4.0%), from €670,908 to €644,311
of which Land and buildings: -€26,491
- Receivables within one year -€22,059
down €22,059 (-31.5%), from €70,098 to €48,039
of which Trade receivables: -€52,139
- Cash -€18,494
down €18,494 (-17.2%), from €107,827 to €89,333
mainly Debts after one year (-€37,447) and Other debts (-€21,616)
- Debts after one year -€37,447
down €37,447 (-7.3%), from €515,121 to €477,674
- Other debts -€21,616
down €21,616 (-100%), from €21,616 to €0
- Accrued charges and deferred income -€20,424
down €20,424 (-100%), from €20,424 to €0
- Reserves +€18,043
up €18,043 (+6.3%), from €286,134 to €304,177
of which Distributable reserves: +€18,043
- Tax, wage and social debts -€12,659
down €12,659 (-92.0%), from €13,761 to €1,102
- Financial income +€14,020
up €14,020 (+190%), from €7,374 to €21,394
- Depreciation -€12,160
down €12,160 (-22.1%), from €55,125 to €42,966
- Gross operating margin -€5,624
down €5,624 (-8.0%), from €70,571 to €64,947
- Financial charges +€4,036
up €4,036 (+42.1%), from €9,586 to €13,622
- Taxes -€2,909
down €2,909 (-25.7%), from €11,329 to €8,420
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 | €924,088 | €849,001 | -€75,087 | -8.1% |
| Fixed assets | 21/28 | €746,163 | €711,103 | -€35,060 | -4.7% |
| Intangible fixed assets | 21 | €42,312 | €33,849 | -€8,462 | -20.0% |
| Tangible fixed assets | 22/27 | €670,908 | €644,311 | -€26,598 | -4.0% |
| Land and buildings | 22 | €669,644 | €643,153 | -€26,491 | -4.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,264 | €1,157 | -€107 | -8.5% |
| Financial fixed assets | 28 | €32,943 | €32,943 | = | 0.0% |
| Current assets | 29/58 | €177,925 | €137,898 | -€40,027 | -22.5% |
| Amounts receivable within one year | 40/41 | €70,098 | €48,039 | -€22,059 | -31.5% |
| Trade receivables | 40 | €52,239 | €101 | -€52,139 | -99.8% |
| Other amounts receivable | 41 | €17,858 | €47,938 | +€30,079 | +168% |
| Cash at bank and in hand | 54/58 | €107,827 | €89,333 | -€18,494 | -17.2% |
| Deferred charges and accrued income | 490/1 | €0 | €526 | +€526 | |
| Total equity and liabilities | 10/49 | €924,088 | €849,001 | -€75,087 | -8.1% |
| Equity | 10/15 | €304,734 | €322,777 | +€18,043 | +5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,134 | €304,177 | +€18,043 | +6.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €284,274 | €302,317 | +€18,043 | +6.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €619,354 | €526,223 | -€93,131 | -15.0% |
| Amounts payable after more than one year | 17 | €515,121 | €477,674 | -€37,447 | -7.3% |
| Financial debts | 170/4 | €515,121 | €477,674 | -€37,447 | -7.3% |
| Amounts payable within one year | 42/48 | €83,809 | €48,549 | -€35,259 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €36,759 | €37,447 | +€689 | +1.9% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €1,673 | €0 | -€1,673 | -100% |
| Suppliers | 440/4 | €1,673 | €0 | -€1,673 | -100% |
| Taxes, remuneration and social security | 45 | €13,761 | €1,102 | -€12,659 | -92.0% |
| Taxes | 450/3 | €13,761 | €1,102 | -€12,659 | -92.0% |
| Other amounts payable | 47/48 | €21,616 | €0 | -€21,616 | -100% |
| Accrued charges and deferred income | 492/3 | €20,424 | €0 | -€20,424 | -100% |
| Non-recurring operating income | 76A | €378 | €0 | -€378 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,125 | €42,966 | -€12,160 | -22.1% |
| Other operating charges | 640/8 | €3,441 | €3,290 | -€152 | -4.4% |
| Gross operating margin | 9900 | €70,571 | €64,947 | -€5,624 | -8.0% |
| Operating profit (loss) | 9901 | €12,004 | €18,691 | +€6,687 | +55.7% |
| Financial income | 75/76B | €7,374 | €21,394 | +€14,020 | +190% |
| Recurring financial income | 75 | €7,374 | €21,394 | +€14,020 | +190% |
| Financial charges | 65/66B | €9,586 | €13,622 | +€4,036 | +42.1% |
| Recurring financial charges | 65 | €9,586 | €13,622 | +€4,036 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €9,792 | €26,464 | +€16,671 | +170% |
| Transfer from deferred taxes | 780 | €35,181 | €0 | -€35,181 | -100% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €11,329 | €8,420 | -€2,909 | -25.7% |
| Profit (loss) for the period | 9904 | €33,645 | €18,043 | -€15,601 | -46.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €33,645 | €18,043 | -€15,601 | -46.4% |
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 16 October 2026 via checked.be.