MC HQ: 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 HQ
Largest movements
- Receivables within one year +€86,443
new in 2025: €86,443
- Cash +€9,038
up €9,038 (+59.3%), from €15,250 to €24,288
mainly Net result for the year (+€74,287) and Tax, wage and social debts (+€18,572)
- Profit (loss) carried forward +€74,287
up €74,287 (+1,372%), from €5,414 to €79,701
- Tax, wage and social debts +€18,572
up €18,572 (+1,372%), from €1,353 to €19,925
- Other debts +€9,200
up €9,200 (+873%), from €1,054 to €10,254
- Accrued charges and deferred income -€7,230
no longer reported in 2025 (was €7,230)
- Gross operating margin +€85,722
up €85,722 (+1,098%), from €7,810 to €93,531
- Taxes +€17,218
up €17,218 (+1,272%), from €1,353 to €18,572
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 | €15,251 | €110,734 | +€95,483 | +626% |
| Current assets | 29/58 | €15,251 | €110,734 | +€95,483 | +626% |
| Amounts receivable within one year | 40/41 | - | €86,443 | +€86,443 | |
| Other amounts receivable | 41 | - | €86,443 | +€86,443 | |
| Cash at bank and in hand | 54/58 | €15,250 | €24,288 | +€9,038 | +59.3% |
| Deferred charges and accrued income | 490/1 | €1 | €2 | +€1 | +100% |
| Total equity and liabilities | 10/49 | €15,251 | €110,734 | +€95,483 | +626% |
| Equity | 10/15 | €5,614 | €79,901 | +€74,287 | +1,323% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,414 | €79,701 | +€74,287 | +1,372% |
| Amounts payable | 17/49 | €9,637 | €30,833 | +€21,196 | +220% |
| Amounts payable within one year | 42/48 | €2,407 | €30,833 | +€28,426 | +1,181% |
| Trade debts | 44 | - | €654 | +€654 | |
| Suppliers | 440/4 | - | €654 | +€654 | |
| Taxes, remuneration and social security | 45 | €1,353 | €19,925 | +€18,572 | +1,372% |
| Taxes | 450/3 | €1,353 | €19,925 | +€18,572 | +1,372% |
| Other amounts payable | 47/48 | €1,054 | €10,254 | +€9,200 | +873% |
| Accrued charges and deferred income | 492/3 | €7,230 | - | -€7,230 | |
| Other operating charges | 640/8 | €936 | €400 | -€536 | -57.3% |
| Gross operating margin | 9900 | €7,810 | €93,531 | +€85,722 | +1,098% |
| Operating profit (loss) | 9901 | €6,874 | €93,132 | +€86,258 | +1,255% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €82 | €273 | +€191 | +232% |
| Recurring financial charges | 65 | €82 | €273 | +€191 | +232% |
| Profit (loss) for the period before taxes | 9903 | €6,791 | €92,859 | +€86,067 | +1,267% |
| Income taxes | 67/77 | €1,353 | €18,572 | +€17,218 | +1,272% |
| Profit (loss) for the period | 9904 | €5,438 | €74,287 | +€68,849 | +1,266% |
| Profit (loss) for the period to be appropriated | 9905 | €5,438 | €74,287 | +€68,849 | +1,266% |
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 19 October 2026 via checked.be.