MC Projects: 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 Projects
Largest movements
- Receivables within one year +€155,659
up €155,659 (+426%), from €36,564 to €192,223
of which Trade receivables: +€128,740
- Cash -€33,440
down €33,440 (-53.7%), from €62,216 to €28,776
mainly Receivables within one year (-€155,659) and Investment in fixed assets (net) (-€17,250)
- Tangible fixed assets +€14,395
up €14,395 (+176%), from €8,190 to €22,585
of which Furniture and vehicles: +€12,887
- Reserves +€114,230
up €114,230 (+46.0%), from €248,286 to €362,516
- Tax, wage and social debts +€20,923
up €20,923 (+95.3%), from €21,950 to €42,873
of which Taxes: +€24,468
- Trade debts +€4,333
up €4,333 (+812%), from €534 to €4,867
- Gross operating margin +€40,107
up €40,107 (+32.7%), from €122,657 to €162,763
- Taxes +€14,463
up €14,463 (+38.8%), from €37,273 to €51,737
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 | €276,970 | €416,456 | +€139,486 | +50.4% |
| Fixed assets | 21/28 | €8,190 | €22,585 | +€14,395 | +176% |
| Tangible fixed assets | 22/27 | €8,190 | €22,585 | +€14,395 | +176% |
| Plant, machinery and equipment | 23 | €1,293 | €2,161 | +€868 | +67.2% |
| Furniture and vehicles | 24 | €2,800 | €15,688 | +€12,887 | +460% |
| Other tangible fixed assets | 26 | €4,097 | €4,736 | +€639 | +15.6% |
| Current assets | 29/58 | €268,780 | €393,871 | +€125,091 | +46.5% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,564 | €192,223 | +€155,659 | +426% |
| Trade receivables | 40 | €27,773 | €156,514 | +€128,740 | +464% |
| Other amounts receivable | 41 | €8,791 | €35,709 | +€26,918 | +306% |
| Cash at bank and in hand | 54/58 | €62,216 | €28,776 | -€33,440 | -53.7% |
| Deferred charges and accrued income | 490/1 | - | €2,873 | +€2,873 | |
| Total equity and liabilities | 10/49 | €276,970 | €416,456 | +€139,486 | +50.4% |
| Equity | 10/15 | €254,486 | €368,716 | +€114,230 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €248,286 | €362,516 | +€114,230 | +46.0% |
| Distributable reserves | 133 | €248,286 | €362,516 | +€114,230 | +46.0% |
| Amounts payable | 17/49 | €22,484 | €47,740 | +€25,256 | +112% |
| Amounts payable within one year | 42/48 | €22,484 | €47,740 | +€25,256 | +112% |
| Trade debts | 44 | €534 | €4,867 | +€4,333 | +812% |
| Suppliers | 440/4 | €534 | €4,867 | +€4,333 | +812% |
| Taxes, remuneration and social security | 45 | €21,950 | €42,873 | +€20,923 | +95.3% |
| Taxes | 450/3 | €18,404 | €42,873 | +€24,468 | +133% |
| Remuneration and social security | 454/9 | €3,546 | - | -€3,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,450 | €2,855 | +€405 | +16.5% |
| Other operating charges | 640/8 | €642 | €592 | -€49 | -7.7% |
| Gross operating margin | 9900 | €122,657 | €162,763 | +€40,107 | +32.7% |
| Operating profit (loss) | 9901 | €119,565 | €159,316 | +€39,751 | +33.2% |
| Financial income | 75/76B | €5,606 | €6,818 | +€1,212 | +21.6% |
| Recurring financial income | 75 | €5,606 | €6,818 | +€1,212 | +21.6% |
| Financial charges | 65/66B | €233 | €168 | -€65 | -28.0% |
| Recurring financial charges | 65 | €233 | €168 | -€65 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €124,938 | €165,967 | +€41,029 | +32.8% |
| Income taxes | 67/77 | €37,273 | €51,737 | +€14,463 | +38.8% |
| Profit (loss) for the period | 9904 | €87,665 | €114,230 | +€26,565 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,665 | €114,230 | +€26,565 | +30.3% |
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 18 October 2026 via checked.be.