MC Kwadraat: 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 Kwadraat
Largest movements
- Cash +€31,351
up €31,351 (+275%), from €11,404 to €42,755
mainly Net result for the year (+€18,543) and Tax, wage and social debts (+€8,491)
- Receivables within one year +€3,025
up €3,025 (+58.8%), from €5,143 to €8,168
- Deferred charges and accrued income +€819
new in 2025: €819
- Reserves +€10,000
up €10,000 (+200%), from €5,000 to €15,000
- Profit (loss) carried forward +€8,543
up €8,543 (+2,174%), from €393 to €8,936
- Tax, wage and social debts +€8,491
up €8,491 (+128%), from €6,623 to €15,114
of which Taxes: +€9,491
- Trade debts +€5,754
up €5,754 (+448%), from €1,284 to €7,038
- Other debts +€2,407
up €2,407 (+193%), from €1,246 to €3,653
- Gross operating margin +€19,877
up €19,877 (+245%), from €8,107 to €27,985
- Taxes +€5,958
up €5,958 (+256%), from €2,327 to €8,285
- Other operating charges +€692
up €692 (+179%), from €387 to €1,080
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 | €16,546 | €51,742 | +€35,196 | +213% |
| Current assets | 29/58 | €16,546 | €51,742 | +€35,196 | +213% |
| Amounts receivable within one year | 40/41 | €5,143 | €8,168 | +€3,025 | +58.8% |
| Trade receivables | 40 | €5,143 | €8,168 | +€3,025 | +58.8% |
| Cash at bank and in hand | 54/58 | €11,404 | €42,755 | +€31,351 | +275% |
| Deferred charges and accrued income | 490/1 | - | €819 | +€819 | |
| Total equity and liabilities | 10/49 | €16,546 | €51,742 | +€35,196 | +213% |
| Equity | 10/15 | €7,393 | €25,936 | +€18,543 | +251% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €15,000 | +€10,000 | +200% |
| Distributable reserves | 133 | €5,000 | €15,000 | +€10,000 | +200% |
| Profit (loss) carried forward | 14 | €393 | €8,936 | +€8,543 | +2,174% |
| Amounts payable | 17/49 | €9,153 | €25,806 | +€16,653 | +182% |
| Amounts payable within one year | 42/48 | €9,153 | €25,806 | +€16,653 | +182% |
| Trade debts | 44 | €1,284 | €7,038 | +€5,754 | +448% |
| Suppliers | 440/4 | €1,284 | €7,038 | +€5,754 | +448% |
| Taxes, remuneration and social security | 45 | €6,623 | €15,114 | +€8,491 | +128% |
| Taxes | 450/3 | €3,623 | €13,114 | +€9,491 | +262% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €1,246 | €3,653 | +€2,407 | +193% |
| Other operating charges | 640/8 | €387 | €1,080 | +€692 | +179% |
| Gross operating margin | 9900 | €8,107 | €27,985 | +€19,877 | +245% |
| Operating profit (loss) | 9901 | €7,720 | €26,905 | +€19,185 | +249% |
| Financial charges | 65/66B | - | €77 | +€77 | |
| Recurring financial charges | 65 | - | €77 | +€77 | |
| Profit (loss) for the period before taxes | 9903 | €7,720 | €26,828 | +€19,108 | +248% |
| Income taxes | 67/77 | €2,327 | €8,285 | +€5,958 | +256% |
| Profit (loss) for the period | 9904 | €5,393 | €18,543 | +€13,150 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €5,393 | €18,543 | +€13,150 | +244% |
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 27 October 2026 via checked.be.