MC² DEVELOPMENT: 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.
MC² DEVELOPMENT
Largest movements
- Cash +€931,088
up €931,088 (+29.7%), from €3.1m to €4.1m
mainly Net result for the year (+€871,657) and Depreciation (+€833,488)
- Tangible fixed assets -€752,651
down €752,651 (-2.5%), from €30.7m to €29.9m
of which Other tangible fixed assets: -€751,729
- Profit (loss) carried forward +€828,074
up €828,074 (+35.8%), from €2.3m to €3.1m
- Debts after one year -€693,023
down €693,023 (-3.5%), from €20.0m to €19.3m
- Turnover +€2.6m
new in 2025: €2.6m
- Gross operating margin +€104,475
up €104,475 (+4.0%), from €2.6m to €2.7m
- Purchases and services +€76,434
new in 2025: €76,434
- Financial income -€75,650
down €75,650 (-55.3%), from €136,741 to €61,091
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.
Cash bridge derived
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 | €34,514,760 | €34,703,312 | +€188,552 | +0.5% |
| Fixed assets | 21/28 | €30,701,649 | €29,948,998 | -€752,651 | -2.5% |
| Tangible fixed assets | 22/27 | €30,701,649 | €29,948,998 | -€752,651 | -2.5% |
| Furniture and vehicles | 24 | €2,434 | €1,511 | -€923 | -37.9% |
| Other tangible fixed assets | 26 | €30,699,216 | €29,947,487 | -€751,729 | -2.4% |
| Current assets | 29/58 | €3,813,111 | €4,754,314 | +€941,203 | +24.7% |
| Amounts receivable within one year | 40/41 | €636,388 | €649,790 | +€13,402 | +2.1% |
| Trade receivables | 40 | €636,388 | €649,790 | +€13,402 | +2.1% |
| Cash at bank and in hand | 54/58 | €3,139,083 | €4,070,171 | +€931,088 | +29.7% |
| Deferred charges and accrued income | 490/1 | €37,639 | €34,352 | -€3,286 | -8.7% |
| Total equity and liabilities | 10/49 | €34,514,760 | €34,703,312 | +€188,552 | +0.5% |
| Equity | 10/15 | €12,942,826 | €13,814,483 | +€871,657 | +6.7% |
| Contributions | 10/11 | €10,510,000 | €10,510,000 | = | 0.0% |
| Capital | 10 | €10,510,000 | €10,510,000 | = | 0.0% |
| Issued capital | 100 | €10,510,000 | €10,510,000 | = | 0.0% |
| Reserves | 13 | €121,641 | €165,224 | +€43,583 | +35.8% |
| Non-distributable reserves | 130/1 | €121,641 | €165,224 | +€43,583 | +35.8% |
| Legal reserve | 130 | €121,641 | €165,224 | +€43,583 | +35.8% |
| Profit (loss) carried forward | 14 | €2,311,185 | €3,139,258 | +€828,074 | +35.8% |
| Amounts payable | 17/49 | €21,571,934 | €20,888,829 | -€683,105 | -3.2% |
| Amounts payable after more than one year | 17 | €20,018,666 | €19,325,643 | -€693,023 | -3.5% |
| Financial debts | 170/4 | €20,018,666 | €19,325,643 | -€693,023 | -3.5% |
| Amounts payable within one year | 42/48 | €770,798 | €769,627 | -€1,171 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €674,288 | €693,023 | +€18,735 | +2.8% |
| Trade debts | 44 | €88 | €24,378 | +€24,291 | +27697.4% |
| Suppliers | 440/4 | €88 | €24,378 | +€24,291 | +27697.4% |
| Taxes, remuneration and social security | 45 | €96,422 | €52,225 | -€44,197 | -45.8% |
| Taxes | 450/3 | €96,422 | €52,225 | -€44,197 | -45.8% |
| Accrued charges and deferred income | 492/3 | €782,470 | €793,559 | +€11,090 | +1.4% |
| Turnover | 70 | - | €2,550,021 | +€2.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €76,434 | +€76,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832,265 | €833,488 | +€1,223 | +0.1% |
| Other operating charges | 640/8 | €217,638 | €224,467 | +€6,829 | +3.1% |
| Gross operating margin | 9900 | €2,613,080 | €2,717,554 | +€104,475 | +4.0% |
| Operating profit (loss) | 9901 | €1,563,177 | €1,659,600 | +€96,423 | +6.2% |
| Financial income | 75/76B | €136,741 | €61,091 | -€75,650 | -55.3% |
| Recurring financial income | 75 | €136,741 | €61,091 | -€75,650 | -55.3% |
| Financial charges | 65/66B | €574,975 | €558,482 | -€16,493 | -2.9% |
| Recurring financial charges | 65 | €574,975 | €558,482 | -€16,493 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €1,124,942 | €1,162,209 | +€37,266 | +3.3% |
| Income taxes | 67/77 | €281,236 | €290,552 | +€9,317 | +3.3% |
| Profit (loss) for the period | 9904 | €843,707 | €871,657 | +€27,950 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €843,707 | €871,657 | +€27,950 | +3.3% |
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 11 October 2026 via checked.be.