MC-Ecoheating&Cooling: 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-Ecoheating&Cooling
Largest movements
- Stocks and contracts -€13,772
down €13,772 (-63.7%), from €21,635 to €7,863
- Tangible fixed assets -€8,866
down €8,866 (-2.8%), from €318,477 to €309,612
of which Land and buildings: -€6,283
- Receivables within one year +€3,883
up €3,883 (+214%), from €1,818 to €5,701
of which Trade receivables: +€5,701
- Trade debts -€27,182
down €27,182 (-83.2%), from €32,677 to €5,496
- Debts after one year -€23,917
down €23,917 (-10.3%), from €232,910 to €208,993
- Reserves +€12,712
up €12,712 (+162%), from €7,839 to €20,551
- Other debts +€11,793
up €11,793 (+28.3%), from €41,703 to €53,496
- Tax, wage and social debts +€4,914
up €4,914 (+546%), from €900 to €5,814
- Gross operating margin +€9,506
up €9,506 (+33.5%), from €28,398 to €37,905
- Financial charges +€2,718
up €2,718 (+42.3%), from €6,428 to €9,147
- Taxes +€2,641
new in 2025: €2,641
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 | €346,304 | €325,163 | -€21,142 | -6.1% |
| Fixed assets | 21/28 | €318,477 | €309,612 | -€8,866 | -2.8% |
| Tangible fixed assets | 22/27 | €318,477 | €309,612 | -€8,866 | -2.8% |
| Land and buildings | 22 | €309,848 | €303,565 | -€6,283 | -2.0% |
| Plant, machinery and equipment | 23 | €6,860 | €5,544 | -€1,316 | -19.2% |
| Furniture and vehicles | 24 | €1,769 | €503 | -€1,267 | -71.6% |
| Current assets | 29/58 | €27,827 | €15,551 | -€12,276 | -44.1% |
| Stocks and contracts in progress | 3 | €21,635 | €7,863 | -€13,772 | -63.7% |
| Stocks | 30/36 | €21,635 | €7,863 | -€13,772 | -63.7% |
| Amounts receivable within one year | 40/41 | €1,818 | €5,701 | +€3,883 | +214% |
| Trade receivables | 40 | - | €5,701 | +€5,701 | |
| Other amounts receivable | 41 | €1,818 | - | -€1,818 | |
| Cash at bank and in hand | 54/58 | €4,375 | €1,855 | -€2,520 | -57.6% |
| Deferred charges and accrued income | 490/1 | - | €133 | +€133 | |
| Total equity and liabilities | 10/49 | €346,304 | €325,163 | -€21,142 | -6.1% |
| Equity | 10/15 | €12,839 | €25,551 | +€12,712 | +99.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €7,839 | €20,551 | +€12,712 | +162% |
| Distributable reserves | 133 | €7,839 | €20,551 | +€12,712 | +162% |
| Amounts payable | 17/49 | €333,466 | €299,612 | -€33,854 | -10.2% |
| Amounts payable after more than one year | 17 | €232,910 | €208,993 | -€23,917 | -10.3% |
| Financial debts | 170/4 | €232,910 | €208,993 | -€23,917 | -10.3% |
| Amounts payable within one year | 42/48 | €98,659 | €88,723 | -€9,937 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €23,379 | €23,917 | +€538 | +2.3% |
| Trade debts | 44 | €32,677 | €5,496 | -€27,182 | -83.2% |
| Suppliers | 440/4 | €32,677 | €5,496 | -€27,182 | -83.2% |
| Taxes, remuneration and social security | 45 | €900 | €5,814 | +€4,914 | +546% |
| Taxes | 450/3 | €900 | €5,814 | +€4,914 | +546% |
| Other amounts payable | 47/48 | €41,703 | €53,496 | +€11,793 | +28.3% |
| Accrued charges and deferred income | 492/3 | €1,896 | €1,896 | = | 0.0% |
| Non-recurring operating income | 76A | €14,082 | - | -€14,082 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,022 | €10,161 | +€139 | +1.4% |
| Other operating charges | 640/8 | €579 | €517 | -€62 | -10.7% |
| Non-recurring operating charges | 66A | - | €1,127 | +€1,127 | |
| Gross operating margin | 9900 | €28,398 | €37,905 | +€9,506 | +33.5% |
| Operating profit (loss) | 9901 | €17,798 | €26,100 | +€8,302 | +46.6% |
| Financial charges | 65/66B | €6,428 | €9,147 | +€2,718 | +42.3% |
| Recurring financial charges | 65 | €6,428 | €9,147 | +€2,718 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €11,370 | €16,954 | +€5,584 | +49.1% |
| Income taxes | 67/77 | - | €2,641 | +€2,641 | |
| Profit (loss) for the period | 9904 | €11,370 | €14,312 | +€2,943 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,370 | €14,312 | +€2,943 | +25.9% |
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 26 October 2026 via checked.be.