MC GROUP: 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 GROUP
Largest movements
- Tangible fixed assets -€38,677
down €38,677 (-20.0%), from €192,978 to €154,301
- Cash -€21,991
down €21,991 (-83.4%), from €26,367 to €4,376
mainly Net result for the year (-€41,910) and Other debts (-€11,035)
- Deferred charges and accrued income +€7,075
up €7,075 (+125.4%), from €5,641 to €12,716
- Profit (loss) carried forward -€41,910
down €41,910 (-2.0%), from -€2.1m to -€2.2m
- Other debts -€11,035
down €11,035 (-6.6%), from €167,149 to €156,113
- Gross operating margin -€28,270
down €28,270 (-86.2%), from €32,799 to €4,530
- Depreciation -€8,274
down €8,274 (-17.6%), from €46,951 to €38,677
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 | €224,986 | €171,393 | -€53,593 | -23.8% |
| Fixed assets | 21/28 | €192,978 | €154,301 | -€38,677 | -20.0% |
| Tangible fixed assets | 22/27 | €192,978 | €154,301 | -€38,677 | -20.0% |
| Land and buildings | 22 | €192,978 | €154,301 | -€38,677 | -20.0% |
| Current assets | 29/58 | €32,008 | €17,092 | -€14,917 | -46.6% |
| Cash at bank and in hand | 54/58 | €26,367 | €4,376 | -€21,991 | -83.4% |
| Deferred charges and accrued income | 490/1 | €5,641 | €12,716 | +€7,075 | +125.4% |
| Total equity and liabilities | 10/49 | €224,986 | €171,393 | -€53,593 | -23.8% |
| Equity | 10/15 | -€533,388 | -€575,298 | -€41,910 | -7.9% |
| Contributions | 10/11 | €1,614,678 | €1,614,678 | = | 0.0% |
| Capital | 10 | €1,614,678 | €1,614,678 | = | 0.0% |
| Issued capital | 100 | €1,614,678 | €1,614,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,148,066 | -€2,189,976 | -€41,910 | -2.0% |
| Amounts payable | 17/49 | €758,374 | €746,691 | -€11,683 | -1.5% |
| Amounts payable after more than one year | 17 | €590,376 | €590,376 | = | 0.0% |
| Other amounts payable | 178/9 | €590,376 | €590,376 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,185 | €156,224 | -€10,961 | -6.6% |
| Trade debts | 44 | €36 | €110 | +€74 | +204.2% |
| Suppliers | 440/4 | €36 | €110 | +€74 | +204.2% |
| Other amounts payable | 47/48 | €167,149 | €156,113 | -€11,035 | -6.6% |
| Accrued charges and deferred income | 492/3 | €813 | €92 | -€722 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,951 | €38,677 | -€8,274 | -17.6% |
| Other operating charges | 640/8 | €7,327 | €7,627 | +€300 | +4.1% |
| Gross operating margin | 9900 | €32,799 | €4,530 | -€28,270 | -86.2% |
| Operating profit (loss) | 9901 | -€21,479 | -€41,774 | -€20,295 | -94.5% |
| Financial charges | 65/66B | €207 | €137 | -€70 | -33.9% |
| Recurring financial charges | 65 | €207 | €137 | -€70 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,686 | -€41,910 | -€20,225 | -93.3% |
| Profit (loss) for the period | 9904 | -€21,686 | -€41,910 | -€20,225 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,686 | -€41,910 | -€20,225 | -93.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.