MC MANAGEMENT: 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 MANAGEMENT
Largest movements
- Current investments -€893,111
down €893,111 (-63.8%), from €1.4m to €506,436
- Cash +€834,448
up €834,448 (+372%), from €224,422 to €1.1m
mainly Current investments (+€893,111) and Net result for the year (+€72,571)
- Profit (loss) carried forward -€99,999
down €99,999 (-6.7%), from €1.5m to €1.4m
- Reserves +€72,570
up €72,570 (+3.1%), from €2.3m to €2.4m
of which Distributable reserves: +€72,570
- Tax, wage and social debts -€45,562
down €45,562 (-87.8%), from €51,886 to €6,324
- Gross operating margin -€338,787
down €338,787, from €331,808 to -€6,979
- Taxes -€34,988
down €34,988 (-52.9%), from €66,146 to €31,158
- Financial income +€5,981
up €5,981 (+4.9%), from €121,596 to €127,577
- Financial charges +€3,847
up €3,847 (+499%), from €771 to €4,618
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 | €3,893,570 | €3,821,424 | -€72,146 | -1.9% |
| Fixed assets | 21/28 | €1,247,500 | €1,207,453 | -€40,047 | -3.2% |
| Tangible fixed assets | 22/27 | €428,032 | €418,189 | -€9,843 | -2.3% |
| Land and buildings | 22 | €428,032 | €418,189 | -€9,843 | -2.3% |
| Financial fixed assets | 28 | €819,468 | €789,264 | -€30,204 | -3.7% |
| Current assets | 29/58 | €2,646,070 | €2,613,971 | -€32,099 | -1.2% |
| Amounts receivable within one year | 40/41 | €1,018,058 | €1,046,569 | +€28,511 | +2.8% |
| Other amounts receivable | 41 | €1,018,058 | €1,046,569 | +€28,511 | +2.8% |
| Current investments | 50/53 | €1,399,547 | €506,436 | -€893,111 | -63.8% |
| Cash at bank and in hand | 54/58 | €224,422 | €1,058,870 | +€834,448 | +372% |
| Deferred charges and accrued income | 490/1 | €4,043 | €2,096 | -€1,947 | -48.2% |
| Total equity and liabilities | 10/49 | €3,893,570 | €3,821,424 | -€72,146 | -1.9% |
| Equity | 10/15 | €3,836,682 | €3,809,253 | -€27,429 | -0.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Contributions outside capital | 11 | €12,500 | - | -€12,500 | |
| Other | 1109/19 | €12,500 | - | -€12,500 | |
| Reserves | 13 | €2,327,465 | €2,400,035 | +€72,570 | +3.1% |
| Non-distributable reserves | 130/1 | €75,875 | €75,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,250 | €1,250 | = | 0.0% |
| Other | 1319 | €74,625 | €74,625 | = | 0.0% |
| Distributable reserves | 133 | €2,251,590 | €2,324,160 | +€72,570 | +3.2% |
| Profit (loss) carried forward | 14 | €1,496,717 | €1,396,718 | -€99,999 | -6.7% |
| Amounts payable | 17/49 | €56,887 | €12,171 | -€44,716 | -78.6% |
| Amounts payable within one year | 42/48 | €53,667 | €8,924 | -€44,743 | -83.4% |
| Taxes, remuneration and social security | 45 | €51,886 | €6,324 | -€45,562 | -87.8% |
| Taxes | 450/3 | €51,886 | €6,324 | -€45,562 | -87.8% |
| Other amounts payable | 47/48 | €1,781 | €2,600 | +€819 | +46.0% |
| Accrued charges and deferred income | 492/3 | €3,220 | €3,247 | +€27 | +0.8% |
| Non-recurring operating income | 76A | €329,777 | - | -€329,777 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,843 | €9,843 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,996 | €2,408 | +€412 | +20.7% |
| Gross operating margin | 9900 | €331,808 | -€6,979 | -€338,787 | |
| Operating profit (loss) | 9901 | €319,970 | -€19,230 | -€339,200 | |
| Financial income | 75/76B | €121,596 | €127,577 | +€5,981 | +4.9% |
| Recurring financial income | 75 | €121,596 | €127,577 | +€5,981 | +4.9% |
| Financial charges | 65/66B | €771 | €4,618 | +€3,847 | +499% |
| Recurring financial charges | 65 | €771 | €4,618 | +€3,847 | +499% |
| Profit (loss) for the period before taxes | 9903 | €440,795 | €103,729 | -€337,066 | -76.5% |
| Income taxes | 67/77 | €66,146 | €31,158 | -€34,988 | -52.9% |
| Profit (loss) for the period | 9904 | €374,649 | €72,571 | -€302,078 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €374,649 | €72,571 | -€302,078 | -80.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.