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 -€35,751
down €35,751 (-90.9%), from €39,332 to €3,580
of which Trade receivables: -€18,824
- Receivables after one year -€33,130
down €33,130 (-79.6%), from €41,599 to €8,469
- Tangible fixed assets +€17,660
up €17,660 (+366.9%), from €4,814 to €22,474
of which Land and buildings: +€16,273
- Cash +€7,451
up €7,451 (+2.8%), from €266,817 to €274,268
mainly Receivables within one year (+€35,751) and Receivables after one year (+€33,130)
- Profit (loss) carried forward -€30,091
new in 2022: -€30,091
- Tax, wage and social debts -€16,284
no longer reported in 2022 (was €16,284)
- Turnover -€91,289
no longer reported in 2022 (was €91,289)
- Gross operating margin -€83,421
down €83,421, from €51,819 to -€31,602
- Depreciation -€25,193
down €25,193 (-96.9%), from €25,993 to €801
- Taxes -€9,128
down €9,128, from €7,954 to -€1,174
- Purchases and services -€5,446
down €5,446 (-13.8%), from €39,469 to €34,023
From the 2021 result to the 2022 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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €352,562 | €308,791 | -€43,771 | -12.4% |
| Fixed assets | 21/28 | €4,814 | €22,474 | +€17,660 | +366.9% |
| Tangible fixed assets | 22/27 | €4,814 | €22,474 | +€17,660 | +366.9% |
| Land and buildings | 22 | €3,308 | €19,581 | +€16,273 | +492.0% |
| Plant, machinery and equipment | 23 | €953 | €754 | -€198 | -20.8% |
| Furniture and vehicles | 24 | €533 | €2,139 | +€1,605 | +301.0% |
| Other tangible fixed assets | 26 | €20 | - | -€20 | |
| Current assets | 29/58 | €347,748 | €286,317 | -€61,431 | -17.7% |
| Amounts receivable after more than one year | 29 | €41,599 | €8,469 | -€33,130 | -79.6% |
| Other amounts receivable | 291 | €41,599 | €8,469 | -€33,130 | -79.6% |
| Amounts receivable within one year | 40/41 | €39,332 | €3,580 | -€35,751 | -90.9% |
| Trade receivables | 40 | €22,276 | €3,452 | -€18,824 | -84.5% |
| Other amounts receivable | 41 | €17,056 | €128 | -€16,927 | -99.2% |
| Cash at bank and in hand | 54/58 | €266,817 | €274,268 | +€7,451 | +2.8% |
| Total equity and liabilities | 10/49 | €352,562 | €308,791 | -€43,771 | -12.4% |
| Equity | 10/15 | €335,508 | €305,416 | -€30,091 | -9.0% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | - | -€35,000 | |
| Issued capital | 100 | €35,000 | - | -€35,000 | |
| Contributions outside capital | 11 | - | €35,000 | +€35,000 | |
| Other | 1109/19 | - | €35,000 | +€35,000 | |
| Reserves | 13 | €300,508 | €300,508 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,500 | €3,500 | = | 0.0% |
| Legal reserve | 130 | €3,500 | €3,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,462 | €26,462 | = | 0.0% |
| Distributable reserves | 133 | €270,546 | €270,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,091 | -€30,091 | |
| Amounts payable | 17/49 | €17,054 | €3,375 | -€13,680 | -80.2% |
| Amounts payable within one year | 42/48 | €17,054 | €3,375 | -€13,680 | -80.2% |
| Trade debts | 44 | €770 | €3,375 | +€2,605 | +338.2% |
| Suppliers | 440/4 | €770 | €3,375 | +€2,605 | +338.2% |
| Taxes, remuneration and social security | 45 | €16,284 | - | -€16,284 | |
| Taxes | 450/3 | €16,284 | - | -€16,284 | |
| Turnover | 70 | €91,289 | - | -€91,289 | |
| Non-recurring operating income | 76A | - | €2,421 | +€2,421 | |
| Goods, raw materials, services and sundry goods | 60/61 | €39,469 | €34,023 | -€5,446 | -13.8% |
| Remuneration, social security and pensions | 62 | - | €251 | +€251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,993 | €801 | -€25,193 | -96.9% |
| Other operating charges | 640/8 | €1,358 | €111 | -€1,247 | -91.8% |
| Gross operating margin | 9900 | €51,819 | -€31,602 | -€83,421 | |
| Operating profit (loss) | 9901 | €24,468 | -€32,765 | -€57,233 | |
| Financial income | 75/76B | - | €1,770 | +€1,770 | |
| Recurring financial income | 75 | - | €1,770 | +€1,770 | |
| Financial charges | 65/66B | €294 | €271 | -€23 | -7.8% |
| Recurring financial charges | 65 | €294 | €271 | -€23 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €24,175 | -€31,265 | -€55,440 | |
| Income taxes | 67/77 | €7,954 | -€1,174 | -€9,128 | |
| Profit (loss) for the period | 9904 | €16,220 | -€30,091 | -€46,311 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,220 | -€30,091 | -€46,311 |
Source: filed annual accounts (NBB), financial years ended 30 September 2021 and 30 September 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.