MC Construct: 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 Construct
Largest movements
- Cash +€64,436
up €64,436 (+22.9%), from €281,472 to €345,908
mainly Receivables within one year (+€45,001) and Net result for the year (+€39,733)
- Receivables within one year -€45,001
down €45,001 (-50.6%), from €88,983 to €43,981
of which Trade receivables: -€35,766
- Tangible fixed assets +€22,230
up €22,230 (+67.8%), from €32,799 to €55,030
of which Furniture and vehicles: +€22,374
- Deferred charges and accrued income +€6,522
up €6,522 (+177%), from €3,681 to €10,204
- Reserves +€39,733
up €39,733 (+10.5%), from €378,305 to €418,038
of which Distributable reserves: +€41,593
- Tax, wage and social debts +€10,803
up €10,803 (+110%), from €9,782 to €20,585
of which Taxes: +€10,644
- Gross operating margin +€63,276
up €63,276 (+179%), from €35,319 to €98,594
- Taxes +€15,788
up €15,788 (+9,775%), from €162 to €15,950
- Depreciation +€4,911
up €4,911 (+28.7%), from €17,137 to €22,048
- Other operating charges +€2,201
up €2,201 (+368%), from €598 to €2,799
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 | €406,935 | €455,123 | +€48,187 | +11.8% |
| Fixed assets | 21/28 | €32,799 | €55,030 | +€22,230 | +67.8% |
| Tangible fixed assets | 22/27 | €32,799 | €55,030 | +€22,230 | +67.8% |
| Plant, machinery and equipment | 23 | €293 | €149 | -€144 | -49.1% |
| Furniture and vehicles | 24 | €32,507 | €54,881 | +€22,374 | +68.8% |
| Current assets | 29/58 | €374,136 | €400,093 | +€25,957 | +6.9% |
| Amounts receivable within one year | 40/41 | €88,983 | €43,981 | -€45,001 | -50.6% |
| Trade receivables | 40 | €72,571 | €36,805 | -€35,766 | -49.3% |
| Other amounts receivable | 41 | €16,411 | €7,176 | -€9,236 | -56.3% |
| Cash at bank and in hand | 54/58 | €281,472 | €345,908 | +€64,436 | +22.9% |
| Deferred charges and accrued income | 490/1 | €3,681 | €10,204 | +€6,522 | +177% |
| Total equity and liabilities | 10/49 | €406,935 | €455,123 | +€48,187 | +11.8% |
| Equity | 10/15 | €384,505 | €424,238 | +€39,733 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €378,305 | €418,038 | +€39,733 | +10.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €35,750 | €35,750 | = | 0.0% |
| Distributable reserves | 133 | €340,695 | €382,288 | +€41,593 | +12.2% |
| Amounts payable | 17/49 | €22,431 | €30,885 | +€8,454 | +37.7% |
| Amounts payable within one year | 42/48 | €21,908 | €30,885 | +€8,977 | +41.0% |
| Trade debts | 44 | €9,175 | €7,124 | -€2,052 | -22.4% |
| Suppliers | 440/4 | €9,175 | €7,124 | -€2,052 | -22.4% |
| Taxes, remuneration and social security | 45 | €9,782 | €20,585 | +€10,803 | +110% |
| Taxes | 450/3 | €2,284 | €12,929 | +€10,644 | +466% |
| Remuneration and social security | 454/9 | €7,498 | €7,657 | +€159 | +2.1% |
| Other amounts payable | 47/48 | €2,950 | €3,176 | +€226 | +7.7% |
| Accrued charges and deferred income | 492/3 | €523 | - | -€523 | |
| Remuneration, social security and pensions | 62 | €16,939 | €17,395 | +€456 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,137 | €22,048 | +€4,911 | +28.7% |
| Other operating charges | 640/8 | €598 | €2,799 | +€2,201 | +368% |
| Gross operating margin | 9900 | €35,319 | €98,594 | +€63,276 | +179% |
| Operating profit (loss) | 9901 | €645 | €56,352 | +€55,707 | +8,635% |
| Financial income | 75/76B | €111 | €191 | +€81 | +73.3% |
| Recurring financial income | 75 | €111 | €191 | +€81 | +73.3% |
| Financial charges | 65/66B | €213 | €860 | +€647 | +303% |
| Recurring financial charges | 65 | €213 | €860 | +€647 | +303% |
| Profit (loss) for the period before taxes | 9903 | €542 | €55,683 | +€55,141 | +10,168% |
| Income taxes | 67/77 | €162 | €15,950 | +€15,788 | +9,775% |
| Profit (loss) for the period | 9904 | €381 | €39,733 | +€39,352 | +10,334% |
| Profit (loss) for the period to be appropriated | 9905 | €381 | €39,733 | +€39,352 | +10,334% |
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 29 October 2026 via checked.be.