MC GIZA: 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 GIZA
Largest movements
- Intangible fixed assets -€27,703
no longer reported in 2025 (was €27,703)
- Receivables within one year +€19,824
up €19,824 (+453%), from €4,376 to €24,200
of which Trade receivables: +€24,200
- Stocks and contracts -€4,870
no longer reported in 2025 (was €4,870)
- Cash -€3,375
down €3,375 (-43.7%), from €7,719 to €4,344
mainly Net result for the year (-€40,152) and Receivables within one year (-€19,824)
- Deferred charges and accrued income -€2,128
no longer reported in 2025 (was €2,128)
- Profit (loss) carried forward -€40,152
down €40,152 (-307%), from -€13,077 to -€53,229
- Tax, wage and social debts +€12,844
up €12,844 (+245%), from €5,233 to €18,077
of which Remuneration and social security: +€6,468
- Trade debts +€7,081
up €7,081 (+78.4%), from €9,036 to €16,117
- Other debts +€1,975
up €1,975 (+20.2%), from €9,803 to €11,778
- Depreciation -€3,500
no longer reported in 2025 (was €3,500)
- Staff costs +€3,415
up €3,415 (+5.3%), from €64,951 to €68,366
- Gross operating margin +€1,974
up €1,974 (+3.4%), from €57,967 to €59,941
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 | €50,996 | €32,744 | -€18,252 | -35.8% |
| Fixed assets | 21/28 | €31,903 | €4,200 | -€27,703 | -86.8% |
| Intangible fixed assets | 21 | €27,703 | - | -€27,703 | |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €19,093 | €28,544 | +€9,451 | +49.5% |
| Stocks and contracts in progress | 3 | €4,870 | - | -€4,870 | |
| Stocks | 30/36 | €4,870 | - | -€4,870 | |
| Amounts receivable within one year | 40/41 | €4,376 | €24,200 | +€19,824 | +453% |
| Trade receivables | 40 | - | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €4,376 | - | -€4,376 | |
| Cash at bank and in hand | 54/58 | €7,719 | €4,344 | -€3,375 | -43.7% |
| Deferred charges and accrued income | 490/1 | €2,128 | - | -€2,128 | |
| Total equity and liabilities | 10/49 | €50,996 | €32,744 | -€18,252 | -35.8% |
| Equity | 10/15 | €26,923 | -€13,229 | -€40,152 | |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,077 | -€53,229 | -€40,152 | -307% |
| Amounts payable | 17/49 | €24,072 | €45,973 | +€21,900 | +91.0% |
| Amounts payable within one year | 42/48 | €24,072 | €45,973 | +€21,900 | +91.0% |
| Trade debts | 44 | €9,036 | €16,117 | +€7,081 | +78.4% |
| Suppliers | 440/4 | €9,036 | €16,117 | +€7,081 | +78.4% |
| Taxes, remuneration and social security | 45 | €5,233 | €18,077 | +€12,844 | +245% |
| Taxes | 450/3 | - | €6,376 | +€6,376 | |
| Remuneration and social security | 454/9 | €5,233 | €11,701 | +€6,468 | +124% |
| Other amounts payable | 47/48 | €9,803 | €11,778 | +€1,975 | +20.2% |
| Remuneration, social security and pensions | 62 | €64,951 | €68,366 | +€3,415 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | - | -€3,500 | |
| Other operating charges | 640/8 | €3,839 | €3,340 | -€499 | -13.0% |
| Non-recurring operating charges | 66A | - | €27,703 | +€27,703 | |
| Gross operating margin | 9900 | €57,967 | €59,941 | +€1,974 | +3.4% |
| Operating profit (loss) | 9901 | -€14,324 | -€39,468 | -€25,145 | -176% |
| Financial income | 75/76B | €8 | €196 | +€189 | +2,483% |
| Recurring financial income | 75 | €8 | €196 | +€189 | +2,483% |
| Financial charges | 65/66B | €1,298 | €880 | -€418 | -32.2% |
| Recurring financial charges | 65 | €1,298 | €880 | -€418 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,614 | -€40,152 | -€24,538 | -157% |
| Profit (loss) for the period | 9904 | -€15,614 | -€40,152 | -€24,538 | -157% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,614 | -€40,152 | -€24,538 | -157% |
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 24 October 2026 via checked.be.