MC SQUARE: 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 SQUARE
Largest movements
- Cash -€73,159
down €73,159 (-73.4%), from €99,695 to €26,536
mainly Net result for the year (-€68,133) and Receivables within one year (-€6,831)
- Receivables within one year +€6,831
up €6,831 (+44.4%), from €15,380 to €22,212
of which Other amounts receivable: +€6,831
- Reserves -€68,133
down €68,133 (-66.5%), from €102,498 to €34,365
- Tax, wage and social debts -€3,985
down €3,985 (-100%), from €3,985 to €0
of which Taxes: -€3,985
- Other debts +€3,459
up €3,459, from €0 to €3,459
- Trade debts +€2,330
up €2,330 (+146%), from €1,593 to €3,923
- Gross operating margin -€74,814
down €74,814, from €10,372 to -€64,442
- Taxes -€1,852
down €1,852 (-97.1%), from €1,908 to €56
- Other operating charges +€1,379
up €1,379 (+138%), from €996 to €2,375
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 | €115,075 | €48,747 | -€66,328 | -57.6% |
| Current assets | 29/58 | €115,075 | €48,747 | -€66,328 | -57.6% |
| Amounts receivable within one year | 40/41 | €15,380 | €22,212 | +€6,831 | +44.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,380 | €22,212 | +€6,831 | +44.4% |
| Cash at bank and in hand | 54/58 | €99,695 | €26,536 | -€73,159 | -73.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €115,075 | €48,747 | -€66,328 | -57.6% |
| Equity | 10/15 | €107,498 | €39,365 | -€68,133 | -63.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,498 | €34,365 | -€68,133 | -66.5% |
| Distributable reserves | 133 | €102,498 | €34,365 | -€68,133 | -66.5% |
| Amounts payable | 17/49 | €7,577 | €9,382 | +€1,805 | +23.8% |
| Amounts payable within one year | 42/48 | €7,577 | €9,382 | +€1,805 | +23.8% |
| Financial debts | 43 | €2,000 | €2,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000 | €2,000 | = | 0.0% |
| Trade debts | 44 | €1,593 | €3,923 | +€2,330 | +146% |
| Suppliers | 440/4 | €1,593 | €3,923 | +€2,330 | +146% |
| Taxes, remuneration and social security | 45 | €3,985 | €0 | -€3,985 | -100% |
| Taxes | 450/3 | €3,985 | €0 | -€3,985 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €3,459 | +€3,459 | |
| Other operating charges | 640/8 | €996 | €2,375 | +€1,379 | +138% |
| Gross operating margin | 9900 | €10,372 | -€64,442 | -€74,814 | |
| Operating profit (loss) | 9901 | €9,376 | -€66,816 | -€76,193 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €1,388 | €1,300 | -€88 | -6.3% |
| Recurring financial charges | 65 | €1,388 | €1,300 | -€88 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €7,988 | -€68,076 | -€76,065 | |
| Income taxes | 67/77 | €1,908 | €56 | -€1,852 | -97.1% |
| Profit (loss) for the period | 9904 | €6,081 | -€68,133 | -€74,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,081 | -€68,133 | -€74,213 |
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 16 October 2026 via checked.be.