MC-kwadraat: what changed
What changed
MC-kwadraat
NACE 63.920, Other information service activities
filed annual accounts (NBB)
Net result for the year
€897
2024 · €8,427-€7,530
Equity
€168,622
2024 · €167,725+€897
Cash
€57,446
2024 · €61,452-€4,007
Balance sheet total
€174,120
2024 · €176,311-€2,191
Largest movements
Assets
- Cash -€4,007
down €4,007 (-6.5%), from €61,452 to €57,446
mainly Trade debts (-€4,961) and Investment in fixed assets (net) (-€1,675)
Equity and liabilities
- Trade debts -€4,961
no longer reported in 2025 (was €4,961)
- Accrued charges and deferred income +€2,652
up €2,652 (+4,036%), from €66 to €2,717
Income statement
- Gross operating margin -€8,304
down €8,304 (-93.2%), from €8,906 to €603
- Taxes -€2,207
down €2,207 (-85.4%), from €2,585 to €379
- Financial income -€1,121
down €1,121 (-37.0%), from €3,028 to €1,907
- Other operating charges +€213
up €213 (+26.0%), from €817 to €1,030
- Depreciation +€142
up €142 (+227%), from €63 to €205
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
€8,427
Gross operating margin
-€8,304
Depreciation
-€142
Other operating charges
-€213
Financial income
-€1,121
Financial charges
+€42
Taxes
+€2,207
Result 2025
€897
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
-€2,332
Investment
-€1,675
Financing
€0
Cash 2024
€61,452
From operations (derived)
-€2,332
Net result for the year
+€897
Depreciation
+€205
Receivables within one year
-€457
Deferred charges and accrued income
+€110
Trade debts
-€4,961
Tax, wage and social debts
-€713
Other debts
-€65
Accrued charges and deferred income
+€2,652
Investment (derived)
-€1,675
Investment in fixed assets (net)
-€1,675
Cash 2025
€57,446
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,311 | €174,120 | -€2,191 | -1.2% |
| Fixed assets | 21/28 | €188 | €1,658 | +€1,470 | +780% |
| Tangible fixed assets | 22/27 | €188 | €1,658 | +€1,470 | +780% |
| Furniture and vehicles | 24 | €188 | €1,658 | +€1,470 | +780% |
| Current assets | 29/58 | €176,123 | €172,462 | -€3,661 | -2.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,560 | €8,016 | +€457 | +6.0% |
| Trade receivables | 40 | €6,958 | €4,031 | -€2,927 | -42.1% |
| Other amounts receivable | 41 | €602 | €3,986 | +€3,383 | +562% |
| Current investments | 50/53 | €82,000 | €82,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,452 | €57,446 | -€4,007 | -6.5% |
| Deferred charges and accrued income | 490/1 | €110 | - | -€110 | |
| Total equity and liabilities | 10/49 | €176,311 | €174,120 | -€2,191 | -1.2% |
| Equity | 10/15 | €167,725 | €168,622 | +€897 | +0.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,617 | €154,617 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €150,617 | €150,617 | = | 0.0% |
| Profit (loss) carried forward | 14 | €708 | €1,605 | +€897 | +127% |
| Amounts payable | 17/49 | €8,586 | €5,498 | -€3,088 | -36.0% |
| Amounts payable within one year | 42/48 | €8,520 | €2,781 | -€5,739 | -67.4% |
| Trade debts | 44 | €4,961 | - | -€4,961 | |
| Suppliers | 440/4 | €4,961 | - | -€4,961 | |
| Taxes, remuneration and social security | 45 | €3,405 | €2,692 | -€713 | -20.9% |
| Taxes | 450/3 | €3,405 | €2,692 | -€713 | -20.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €154 | €89 | -€65 | -42.1% |
| Accrued charges and deferred income | 492/3 | €66 | €2,717 | +€2,652 | +4,036% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €205 | +€142 | +227% |
| Other operating charges | 640/8 | €817 | €1,030 | +€213 | +26.0% |
| Gross operating margin | 9900 | €8,906 | €603 | -€8,304 | -93.2% |
| Operating profit (loss) | 9901 | €8,027 | -€632 | -€8,659 | |
| Financial income | 75/76B | €3,028 | €1,907 | -€1,121 | -37.0% |
| Recurring financial income | 75 | €3,028 | €1,907 | -€1,121 | -37.0% |
| Financial charges | 65/66B | €42 | €0 | -€42 | -99.8% |
| Recurring financial charges | 65 | €42 | €0 | -€42 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | €11,013 | €1,276 | -€9,737 | -88.4% |
| Income taxes | 67/77 | €2,585 | €379 | -€2,207 | -85.4% |
| Profit (loss) for the period | 9904 | €8,427 | €897 | -€7,530 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,427 | €897 | -€7,530 | -89.4% |
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 3 November 2026 via checked.be.