MC & L: 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 & L
Largest movements
- Cash +€64,934
up €64,934 (+121%), from €53,812 to €118,746
mainly Net result for the year (+€100,088) and Depreciation (+€11,564)
- Reserves +€100,088
up €100,088 (+10.9%), from €920,902 to €1.0m
of which Distributable reserves: +€100,088
- Debts after one year -€44,185
down €44,185 (-15.7%), from €281,707 to €237,522
- Gross operating margin +€22,640
up €22,640 (+17.8%), from €126,875 to €149,516
- Other operating charges -€2,933
down €2,933 (-43.8%), from €6,699 to €3,766
- Depreciation +€1,782
up €1,782 (+18.2%), from €9,782 to €11,564
- Financial charges +€1,576
up €1,576 (+32.9%), from €4,795 to €6,370
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 | €1,287,755 | €1,341,277 | +€53,522 | +4.2% |
| Fixed assets | 21/28 | €1,202,228 | €1,193,960 | -€8,269 | -0.7% |
| Tangible fixed assets | 22/27 | €452,228 | €443,960 | -€8,269 | -1.8% |
| Land and buildings | 22 | €451,574 | €440,384 | -€11,190 | -2.5% |
| Furniture and vehicles | 24 | €654 | €3,576 | +€2,921 | +446% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €85,527 | €147,317 | +€61,791 | +72.2% |
| Amounts receivable within one year | 40/41 | €29,666 | €26,632 | -€3,034 | -10.2% |
| Trade receivables | 40 | €26,700 | €19,360 | -€7,340 | -27.5% |
| Other amounts receivable | 41 | €2,966 | €7,272 | +€4,306 | +145% |
| Cash at bank and in hand | 54/58 | €53,812 | €118,746 | +€64,934 | +121% |
| Deferred charges and accrued income | 490/1 | €2,049 | €1,939 | -€109 | -5.3% |
| Total equity and liabilities | 10/49 | €1,287,755 | €1,341,277 | +€53,522 | +4.2% |
| Equity | 10/15 | €939,502 | €1,039,589 | +€100,088 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €920,902 | €1,020,989 | +€100,088 | +10.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €920,902 | €1,020,989 | +€100,088 | +10.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €348,254 | €301,688 | -€46,566 | -13.4% |
| Amounts payable after more than one year | 17 | €281,707 | €237,522 | -€44,185 | -15.7% |
| Financial debts | 170/4 | €281,707 | €237,522 | -€44,185 | -15.7% |
| Amounts payable within one year | 42/48 | €66,546 | €64,166 | -€2,381 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €43,686 | €44,185 | +€499 | +1.1% |
| Trade debts | 44 | €9,216 | €4,436 | -€4,781 | -51.9% |
| Suppliers | 440/4 | €9,216 | €4,436 | -€4,781 | -51.9% |
| Taxes, remuneration and social security | 45 | €11,505 | €9,403 | -€2,102 | -18.3% |
| Taxes | 450/3 | €8,855 | €6,753 | -€2,102 | -23.7% |
| Remuneration and social security | 454/9 | €2,650 | €2,650 | = | 0.0% |
| Other amounts payable | 47/48 | €2,138 | €6,142 | +€4,003 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,782 | €11,564 | +€1,782 | +18.2% |
| Other operating charges | 640/8 | €6,699 | €3,766 | -€2,933 | -43.8% |
| Gross operating margin | 9900 | €126,875 | €149,516 | +€22,640 | +17.8% |
| Operating profit (loss) | 9901 | €110,394 | €134,186 | +€23,791 | +21.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €4,795 | €6,370 | +€1,576 | +32.9% |
| Recurring financial charges | 65 | €4,795 | €6,370 | +€1,576 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €105,601 | €127,815 | +€22,215 | +21.0% |
| Income taxes | 67/77 | €27,034 | €27,728 | +€694 | +2.6% |
| Profit (loss) for the period | 9904 | €78,566 | €100,088 | +€21,521 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,566 | €100,088 | +€21,521 | +27.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.