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
- Tangible fixed assets +€25,202
up €25,202 (+93.8%), from €26,867 to €52,070
of which Furniture and vehicles: +€28,111
- Receivables within one year -€19,478
down €19,478 (-53.7%), from €36,256 to €16,778
of which Trade receivables: -€21,686
- Stocks and contracts -€3,202
down €3,202 (-23.3%), from €13,722 to €10,520
- Intangible fixed assets -€1,429
down €1,429 (-25.0%), from €5,714 to €4,286
- Debts after one year +€12,384
new in 2025: €12,384
- Trade debts -€7,716
down €7,716 (-56.4%), from €13,674 to €5,958
- Advances received -€6,274
no longer reported in 2025 (was €6,274)
- Current portion of long-term debt +€4,854
new in 2025: €4,854
- Profit (loss) carried forward -€1,466
new in 2025: -€1,466
- Gross operating margin -€16,007
down €16,007 (-55.1%), from €29,051 to €13,044
- Depreciation -€5,294
down €5,294 (-26.8%), from €19,759 to €14,465
- Taxes -€3,366
down €3,366 (-95.3%), from €3,531 to €165
- Financial charges +€668
up €668 (+477%), from €140 to €808
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 | €117,292 | €119,075 | +€1,783 | +1.5% |
| Fixed assets | 21/28 | €32,582 | €56,355 | +€23,774 | +73.0% |
| Intangible fixed assets | 21 | €5,714 | €4,286 | -€1,429 | -25.0% |
| Tangible fixed assets | 22/27 | €26,867 | €52,070 | +€25,202 | +93.8% |
| Plant, machinery and equipment | 23 | €7,585 | €4,677 | -€2,908 | -38.3% |
| Furniture and vehicles | 24 | €19,282 | €47,393 | +€28,111 | +146% |
| Current assets | 29/58 | €84,711 | €62,719 | -€21,991 | -26.0% |
| Stocks and contracts in progress | 3 | €13,722 | €10,520 | -€3,202 | -23.3% |
| Stocks | 30/36 | €13,722 | €10,520 | -€3,202 | -23.3% |
| Amounts receivable within one year | 40/41 | €36,256 | €16,778 | -€19,478 | -53.7% |
| Trade receivables | 40 | €21,979 | €293 | -€21,686 | -98.7% |
| Other amounts receivable | 41 | €14,276 | €16,485 | +€2,208 | +15.5% |
| Cash at bank and in hand | 54/58 | €34,323 | €35,422 | +€1,099 | +3.2% |
| Deferred charges and accrued income | 490/1 | €410 | - | -€410 | |
| Total equity and liabilities | 10/49 | €117,292 | €119,075 | +€1,783 | +1.5% |
| Equity | 10/15 | €97,345 | €95,879 | -€1,466 | -1.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €93,845 | €93,845 | = | 0.0% |
| Distributable reserves | 133 | €93,845 | €93,845 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€1,466 | -€1,466 | |
| Amounts payable | 17/49 | €19,948 | €23,196 | +€3,249 | +16.3% |
| Amounts payable after more than one year | 17 | - | €12,384 | +€12,384 | |
| Financial debts | 170/4 | - | €12,384 | +€12,384 | |
| Amounts payable within one year | 42/48 | €19,948 | €10,812 | -€9,136 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | - | €4,854 | +€4,854 | |
| Trade debts | 44 | €13,674 | €5,958 | -€7,716 | -56.4% |
| Suppliers | 440/4 | €13,674 | €5,958 | -€7,716 | -56.4% |
| Advances received on contracts in progress | 46 | €6,274 | - | -€6,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,759 | €14,465 | -€5,294 | -26.8% |
| Other operating charges | 640/8 | €661 | €532 | -€130 | -19.6% |
| Gross operating margin | 9900 | €29,051 | €13,044 | -€16,007 | -55.1% |
| Operating profit (loss) | 9901 | €8,631 | -€1,952 | -€10,584 | |
| Financial income | 75/76B | €1,581 | €1,460 | -€121 | -7.7% |
| Recurring financial income | 75 | €1,581 | €1,460 | -€121 | -7.7% |
| Financial charges | 65/66B | €140 | €808 | +€668 | +477% |
| Recurring financial charges | 65 | €140 | €808 | +€668 | +477% |
| Profit (loss) for the period before taxes | 9903 | €10,072 | -€1,301 | -€11,373 | |
| Income taxes | 67/77 | €3,531 | €165 | -€3,366 | -95.3% |
| Profit (loss) for the period | 9904 | €6,541 | -€1,466 | -€8,007 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,541 | -€1,466 | -€8,007 |
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 19 October 2026 via checked.be.