MC - INVESTMENTS: what changed
What changed
MC - INVESTMENTS
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€39,039
2024 · €34,720+€4,318
Equity
€400,277
2024 · €361,238+€39,039
Cash
€2,040
2024 · €1,591+€449
Balance sheet total
€548,320
2024 · €563,098-€14,778
Largest movements
Assets
- Tangible fixed assets -€9,114
down €9,114 (-22.5%), from €40,422 to €31,308
Equity and liabilities
- Reserves +€363,544
up €363,544 (+10,887%), from €3,339 to €366,883
of which Distributable reserves: +€363,544
- Profit (loss) carried forward -€324,505
down €324,505 (-100%), from €324,505 to €0
- Other debts -€44,689
down €44,689 (-43.5%), from €102,839 to €58,150
- Trade debts -€28,824
down €28,824 (-60.2%), from €47,918 to €19,094
- Current portion of long-term debt +€14,009
up €14,009 (+76.4%), from €18,325 to €32,333
Income statement
- Staff costs -€8,642
down €8,642 (-8.2%), from €104,884 to €96,242
- Taxes +€5,005
up €5,005 (+40.2%), from €12,446 to €17,450
- Financial charges -€2,454
down €2,454 (-69.1%), from €3,550 to €1,096
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,720
Gross operating margin
-€144
Staff costs
+€8,642
Depreciation
-€262
Other operating charges
-€1,672
Financial income
+€305
Financial charges
+€2,454
Taxes
-€5,005
Result 2025
€39,039
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€21,631
Investment
€0
Financing
+€22,080
Cash 2024
€1,591
From operations (derived)
-€21,631
Net result for the year
+€39,039
Depreciation
+€9,114
Stocks and contracts
+€1,654
Receivables within one year
+€3,207
Deferred charges and accrued income
+€1,252
Trade debts
-€28,824
Tax, wage and social debts
+€2,042
Advances received
-€4,426
Other debts
-€44,689
Financing
+€22,080
Debts after one year
+€8,647
Current portion of long-term debt
+€14,009
Short-term financial debts
-€576
Cash 2025
€2,040
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €563,098 | €548,320 | -€14,778 | -2.6% |
| Fixed assets | 21/28 | €548,570 | €539,456 | -€9,114 | -1.7% |
| Intangible fixed assets | 21 | €500,000 | €500,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €40,422 | €31,308 | -€9,114 | -22.5% |
| Plant, machinery and equipment | 23 | €14,871 | €11,053 | -€3,818 | -25.7% |
| Furniture and vehicles | 24 | €2,547 | €1,322 | -€1,225 | -48.1% |
| Other tangible fixed assets | 26 | €23,003 | €18,933 | -€4,071 | -17.7% |
| Financial fixed assets | 28 | €8,148 | €8,148 | = | 0.0% |
| Current assets | 29/58 | €14,528 | €8,864 | -€5,664 | -39.0% |
| Stocks and contracts in progress | 3 | €5,209 | €3,555 | -€1,654 | -31.7% |
| Stocks | 30/36 | €5,209 | €3,555 | -€1,654 | -31.7% |
| Amounts receivable within one year | 40/41 | €6,477 | €3,269 | -€3,207 | -49.5% |
| Trade receivables | 40 | €3,805 | €0 | -€3,805 | -100% |
| Other amounts receivable | 41 | €2,672 | €3,269 | +€597 | +22.3% |
| Cash at bank and in hand | 54/58 | €1,591 | €2,040 | +€449 | +28.2% |
| Deferred charges and accrued income | 490/1 | €1,252 | €0 | -€1,252 | -100% |
| Total equity and liabilities | 10/49 | €563,098 | €548,320 | -€14,778 | -2.6% |
| Equity | 10/15 | €361,238 | €400,277 | +€39,039 | +10.8% |
| Contributions | 10/11 | €33,394 | €33,394 | = | 0.0% |
| Reserves | 13 | €3,339 | €366,883 | +€363,544 | +10,887% |
| Non-distributable reserves | 130/1 | €3,339 | €3,339 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,339 | €3,339 | = | 0.0% |
| Distributable reserves | 133 | - | €363,544 | +€363,544 | |
| Profit (loss) carried forward | 14 | €324,505 | €0 | -€324,505 | -100% |
| Amounts payable | 17/49 | €201,860 | €148,044 | -€53,816 | -26.7% |
| Amounts payable after more than one year | 17 | - | €8,647 | +€8,647 | |
| Financial debts | 170/4 | - | €8,647 | +€8,647 | |
| Amounts payable within one year | 42/48 | €201,860 | €139,397 | -€62,463 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €18,325 | €32,333 | +€14,009 | +76.4% |
| Financial debts | 43 | €4,656 | €4,080 | -€576 | -12.4% |
| Credit institutions | 430/8 | €4,656 | €4,080 | -€576 | -12.4% |
| Trade debts | 44 | €47,918 | €19,094 | -€28,824 | -60.2% |
| Suppliers | 440/4 | €47,918 | €19,094 | -€28,824 | -60.2% |
| Advances received on contracts in progress | 46 | €4,426 | €0 | -€4,426 | -100% |
| Taxes, remuneration and social security | 45 | €23,697 | €25,739 | +€2,042 | +8.6% |
| Taxes | 450/3 | €15,082 | €13,722 | -€1,360 | -9.0% |
| Remuneration and social security | 454/9 | €8,615 | €12,017 | +€3,402 | +39.5% |
| Other amounts payable | 47/48 | €102,839 | €58,150 | -€44,689 | -43.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €104,884 | €96,242 | -€8,642 | -8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,852 | €9,114 | +€262 | +3.0% |
| Other operating charges | 640/8 | €11,391 | €13,062 | +€1,672 | +14.7% |
| Gross operating margin | 9900 | €175,825 | €175,681 | -€144 | -0.1% |
| Operating profit (loss) | 9901 | €50,698 | €57,262 | +€6,564 | +12.9% |
| Financial income | 75/76B | €18 | €322 | +€305 | +1,730% |
| Recurring financial income | 75 | €18 | €322 | +€305 | +1,730% |
| Financial charges | 65/66B | €3,550 | €1,096 | -€2,454 | -69.1% |
| Recurring financial charges | 65 | €3,550 | €1,096 | -€2,454 | -69.1% |
| Profit (loss) for the period before taxes | 9903 | €47,166 | €56,489 | +€9,323 | +19.8% |
| Income taxes | 67/77 | €12,446 | €17,450 | +€5,005 | +40.2% |
| Profit (loss) for the period | 9904 | €34,720 | €39,039 | +€4,318 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,720 | €39,039 | +€4,318 | +12.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.