MC & E: 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 & E
Largest movements
- Receivables within one year +€13,710
up €13,710 (+7.2%), from €191,590 to €205,300
of which Other amounts receivable: +€14,500
- Cash -€12,499
down €12,499 (-12.3%), from €101,485 to €88,985
mainly Receivables within one year (-€13,710) and Net result for the year (-€9,361)
- Trade debts +€12,066
up €12,066 (+36.1%), from €33,439 to €45,506
- Profit (loss) carried forward -€9,361
new in 2024: -€9,361
- Gross operating margin -€198,615
down €198,615 (-95.2%), from €208,553 to €9,939
- Taxes -€73,530
down €73,530, from €57,595 to -€15,935
- Financial charges -€2,984
down €2,984 (-11.2%), from €26,662 to €23,679
- Depreciation +€2,127
up €2,127 (+90.4%), from €2,352 to €4,479
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €508,078 | €508,404 | +€326 | +0.1% |
| Fixed assets | 21/28 | €208,099 | €207,967 | -€133 | -0.1% |
| Tangible fixed assets | 22/27 | €186,099 | €185,967 | -€133 | -0.1% |
| Land and buildings | 22 | €173,799 | €173,799 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €1,159 | +€1,159 | |
| Furniture and vehicles | 24 | €6,579 | €6,439 | -€141 | -2.1% |
| Other tangible fixed assets | 26 | €5,721 | €4,570 | -€1,151 | -20.1% |
| Financial fixed assets | 28 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €299,979 | €300,437 | +€459 | +0.2% |
| Stocks and contracts in progress | 3 | €6,465 | €4,057 | -€2,408 | -37.2% |
| Stocks | 30/36 | €6,465 | €4,057 | -€2,408 | -37.2% |
| Amounts receivable within one year | 40/41 | €191,590 | €205,300 | +€13,710 | +7.2% |
| Trade receivables | 40 | €16,590 | €15,800 | -€790 | -4.8% |
| Other amounts receivable | 41 | €175,000 | €189,500 | +€14,500 | +8.3% |
| Cash at bank and in hand | 54/58 | €101,485 | €88,985 | -€12,499 | -12.3% |
| Deferred charges and accrued income | 490/1 | €439 | €2,095 | +€1,656 | +376.9% |
| Total equity and liabilities | 10/49 | €508,078 | €508,404 | +€326 | +0.1% |
| Equity | 10/15 | €234,012 | €224,651 | -€9,361 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €215,412 | €215,412 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €213,552 | €213,552 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,361 | -€9,361 | |
| Amounts payable | 17/49 | €274,066 | €283,753 | +€9,688 | +3.5% |
| Amounts payable within one year | 42/48 | €274,039 | €283,641 | +€9,602 | +3.5% |
| Financial debts | 43 | €1,049 | - | -€1,049 | |
| Other loans | 439 | €1,049 | - | -€1,049 | |
| Trade debts | 44 | €33,439 | €45,506 | +€12,066 | +36.1% |
| Suppliers | 440/4 | €33,439 | €45,506 | +€12,066 | +36.1% |
| Taxes, remuneration and social security | 45 | €21,775 | €18,442 | -€3,333 | -15.3% |
| Taxes | 450/3 | €21,775 | €18,442 | -€3,333 | -15.3% |
| Other amounts payable | 47/48 | €217,775 | €219,694 | +€1,918 | +0.9% |
| Accrued charges and deferred income | 492/3 | €27 | €113 | +€86 | +321.5% |
| Non-recurring operating income | 76A | €194,930 | €5,077 | -€189,853 | -97.4% |
| Remuneration, social security and pensions | 62 | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,352 | €4,479 | +€2,127 | +90.4% |
| Other operating charges | 640/8 | €6,241 | €6,960 | +€719 | +11.5% |
| Gross operating margin | 9900 | €208,553 | €9,939 | -€198,615 | -95.2% |
| Operating profit (loss) | 9901 | €199,960 | -€1,618 | -€201,578 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -78.8% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -78.8% |
| Financial charges | 65/66B | €26,662 | €23,679 | -€2,984 | -11.2% |
| Recurring financial charges | 65 | €26,662 | €23,679 | -€2,984 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €173,299 | -€25,296 | -€198,595 | |
| Income taxes | 67/77 | €57,595 | -€15,935 | -€73,530 | |
| Profit (loss) for the period | 9904 | €115,703 | -€9,361 | -€125,065 | |
| Profit (loss) for the period to be appropriated | 9905 | €115,703 | -€9,361 | -€125,065 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.