MC REAL ESTATE: what changed
What changed
MC REAL ESTATE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€80,009
2023 · €80,296-€288
Equity
€763,487
2023 · €738,479+€25,009
Cash
€63,529
2023 · €33,387+€30,143
Balance sheet total
€1.8m
2023 · €1.8m-€4,031
Largest movements
Assets
- Tangible fixed assets -€87,063
down €87,063 (-5.5%), from €1.6m to €1.5m
- Receivables within one year +€49,886
up €49,886 (+87.4%), from €57,066 to €106,952
of which Trade receivables: +€30,304
- Cash +€30,143
up €30,143 (+90.3%), from €33,387 to €63,529
mainly Depreciation (+€87,063) and Net result for the year (+€80,009)
Equity and liabilities
- Debts after one year -€145,727
down €145,727 (-23.3%), from €625,686 to €479,958
of which Financial debts: -€145,727
- Other debts +€59,507
up €59,507 (+24.8%), from €240,203 to €299,710
- Provisions +€44,840
new in 2024: €44,840
of which Provisions for liabilities and charges: +€40,176
- Reserves +€25,009
up €25,009 (+3.7%), from €673,479 to €698,487
of which Tax-exempt reserves: +€13,993
Income statement
- Gross operating margin +€51,328
up €51,328 (+20.6%), from €249,415 to €300,743
- Provisions +€40,176
new in 2024: €40,176
- Other operating charges +€4,278
up €4,278 (+51.2%), from €8,353 to €12,631
- Taxes +€3,791
up €3,791 (+9.1%), from €41,473 to €45,264
- Financial charges +€3,479
up €3,479 (+10.2%), from €34,044 to €37,524
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€80,296
Gross operating margin
+€51,328
Depreciation
+€3,472
Provisions
-€40,176
Other operating charges
-€4,278
Financial income
+€1,301
Financial charges
-€3,479
Taxes
-€3,791
Deferred taxes and other
-€4,664
Result 2024
€80,009
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€237,644
Investment
€0
Financing
-€207,502
Cash 2023
€33,387
From operations (derived)
+€237,644
Net result for the year
+€80,009
Depreciation
+€87,063
Receivables after one year
-€6,422
Receivables within one year
-€49,886
Deferred charges and accrued income
+€3,420
Provisions
+€44,840
Trade debts
+€9,672
Tax, wage and social debts
+€7,210
Other debts
+€59,507
Accrued charges and deferred income
+€2,234
Financing
-€207,502
Debts after one year
-€145,727
Current portion of long-term debt
-€6,775
Contributions, distributions and other
-€55,000
Cash 2024
€63,529
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,345 | €1,769,314 | -€4,031 | -0.2% |
| Fixed assets | 21/28 | €1,573,497 | €1,486,434 | -€87,063 | -5.5% |
| Tangible fixed assets | 22/27 | €1,573,497 | €1,486,434 | -€87,063 | -5.5% |
| Land and buildings | 22 | €539,617 | €515,255 | -€24,362 | -4.5% |
| Plant, machinery and equipment | 23 | €237 | €0 | -€237 | -100% |
| Furniture and vehicles | 24 | €59,470 | €36,979 | -€22,491 | -37.8% |
| Other tangible fixed assets | 26 | €974,173 | €934,200 | -€39,973 | -4.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €199,848 | €282,880 | +€83,032 | +41.5% |
| Amounts receivable after more than one year | 29 | €102,757 | €109,180 | +€6,422 | +6.2% |
| Other amounts receivable | 291 | €102,757 | €109,180 | +€6,422 | +6.2% |
| Amounts receivable within one year | 40/41 | €57,066 | €106,952 | +€49,886 | +87.4% |
| Trade receivables | 40 | €36,622 | €66,926 | +€30,304 | +82.8% |
| Other amounts receivable | 41 | €20,444 | €40,027 | +€19,582 | +95.8% |
| Cash at bank and in hand | 54/58 | €33,387 | €63,529 | +€30,143 | +90.3% |
| Deferred charges and accrued income | 490/1 | €6,638 | €3,218 | -€3,420 | -51.5% |
| Total equity and liabilities | 10/49 | €1,773,345 | €1,769,314 | -€4,031 | -0.2% |
| Equity | 10/15 | €738,479 | €763,487 | +€25,009 | +3.4% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €673,479 | €698,487 | +€25,009 | +3.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | - | €13,993 | +€13,993 | |
| Distributable reserves | 133 | €673,479 | €684,495 | +€11,016 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | - | €44,840 | +€44,840 | |
| Provisions for liabilities and charges | 160/5 | - | €40,176 | +€40,176 | |
| Other liabilities and charges | 164/5 | - | €40,176 | +€40,176 | |
| Deferred taxes | 168 | - | €4,664 | +€4,664 | |
| Amounts payable | 17/49 | €1,034,866 | €960,987 | -€73,880 | -7.1% |
| Amounts payable after more than one year | 17 | €625,686 | €479,958 | -€145,727 | -23.3% |
| Financial debts | 170/4 | €625,686 | €479,958 | -€145,727 | -23.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €407,415 | €477,029 | +€69,614 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €152,502 | €145,727 | -€6,775 | -4.4% |
| Trade debts | 44 | €6,721 | €16,392 | +€9,672 | +144% |
| Suppliers | 440/4 | €6,721 | €16,392 | +€9,672 | +144% |
| Taxes, remuneration and social security | 45 | €7,990 | €15,199 | +€7,210 | +90.2% |
| Taxes | 450/3 | €7,990 | €15,199 | +€7,210 | +90.2% |
| Other amounts payable | 47/48 | €240,203 | €299,710 | +€59,507 | +24.8% |
| Accrued charges and deferred income | 492/3 | €1,765 | €3,999 | +€2,234 | +127% |
| Non-recurring operating income | 76A | - | €18,657 | +€18,657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,534 | €87,063 | -€3,472 | -3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €40,176 | +€40,176 | |
| Other operating charges | 640/8 | €8,353 | €12,631 | +€4,278 | +51.2% |
| Gross operating margin | 9900 | €249,415 | €300,743 | +€51,328 | +20.6% |
| Operating profit (loss) | 9901 | €150,528 | €160,874 | +€10,346 | +6.9% |
| Financial income | 75/76B | €5,286 | €6,587 | +€1,301 | +24.6% |
| Recurring financial income | 75 | €5,286 | €6,587 | +€1,301 | +24.6% |
| Financial charges | 65/66B | €34,044 | €37,524 | +€3,479 | +10.2% |
| Recurring financial charges | 65 | €34,044 | €37,524 | +€3,479 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €121,769 | €129,937 | +€8,168 | +6.7% |
| Transfer to deferred taxes | 680 | - | €4,664 | +€4,664 | |
| Income taxes | 67/77 | €41,473 | €45,264 | +€3,791 | +9.1% |
| Profit (loss) for the period | 9904 | €80,296 | €80,009 | -€288 | -0.4% |
| Transfer to tax-exempt reserves | 689 | - | €13,993 | +€13,993 | |
| Profit (loss) for the period to be appropriated | 9905 | €80,296 | €66,016 | -€14,280 | -17.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.