MC Tools: what changed
Two fiscal 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 Tools
Largest movements
- Cash +€51,029
up €51,029 (+23.3%), from €218,627 to €269,656
mainly Net result for the year (+€55,088) and Depreciation (+€38,264)
- Tangible fixed assets +€48,305
up €48,305 (+85.1%), from €56,750 to €105,055
of which Furniture and vehicles: +€52,487
- Receivables within one year -€6,775
down €6,775 (-15.4%), from €43,909 to €37,134
of which Trade receivables: -€9,950
- Reserves +€44,791
up €44,791 (+10.0%), from €447,252 to €492,043
- Trade debts +€23,498
up €23,498 (+612.0%), from €3,839 to €27,337
- Debts after one year +€16,102
new in 2025: €16,102
- Current portion of long-term debt +€6,650
up €6,650 (+940.8%), from €707 to €7,357
- Gross operating margin -€31,991
down €31,991 (-20.8%), from €154,085 to €122,095
- Taxes -€12,928
down €12,928 (-28.5%), from €45,383 to €32,454
- Depreciation +€10,584
up €10,584 (+38.2%), from €27,680 to €38,264
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.
Cash bridge derived
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 | €463,770 | €551,260 | +€87,490 | +18.9% |
| Fixed assets | 21/28 | €56,750 | €105,055 | +€48,305 | +85.1% |
| Tangible fixed assets | 22/27 | €56,750 | €105,055 | +€48,305 | +85.1% |
| Land and buildings | 22 | €1,617 | €347 | -€1,270 | -78.5% |
| Plant, machinery and equipment | 23 | €25,257 | €22,346 | -€2,912 | -11.5% |
| Furniture and vehicles | 24 | €29,875 | €82,362 | +€52,487 | +175.7% |
| Current assets | 29/58 | €407,021 | €446,205 | +€39,185 | +9.6% |
| Amounts receivable after more than one year | 29 | €135,000 | €135,000 | = | 0.0% |
| Other amounts receivable | 291 | €135,000 | €135,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €9,485 | €4,400 | -€5,085 | -53.6% |
| Stocks | 30/36 | €9,485 | €4,400 | -€5,085 | -53.6% |
| Amounts receivable within one year | 40/41 | €43,909 | €37,134 | -€6,775 | -15.4% |
| Trade receivables | 40 | €29,300 | €19,350 | -€9,950 | -34.0% |
| Other amounts receivable | 41 | €14,609 | €17,784 | +€3,175 | +21.7% |
| Cash at bank and in hand | 54/58 | €218,627 | €269,656 | +€51,029 | +23.3% |
| Deferred charges and accrued income | 490/1 | - | €15 | +€15 | |
| Total equity and liabilities | 10/49 | €463,770 | €551,260 | +€87,490 | +18.9% |
| Equity | 10/15 | €453,452 | €498,243 | +€44,791 | +9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €447,252 | €492,043 | +€44,791 | +10.0% |
| Distributable reserves | 133 | €447,252 | €492,043 | +€44,791 | +10.0% |
| Amounts payable | 17/49 | €10,318 | €53,017 | +€42,699 | +413.8% |
| Amounts payable after more than one year | 17 | - | €16,102 | +€16,102 | |
| Financial debts | 170/4 | - | €16,102 | +€16,102 | |
| Amounts payable within one year | 42/48 | €10,318 | €36,915 | +€26,597 | +257.8% |
| Current portion of amounts payable after more than one year | 42 | €707 | €7,357 | +€6,650 | +940.8% |
| Trade debts | 44 | €3,839 | €27,337 | +€23,498 | +612.0% |
| Suppliers | 440/4 | €3,839 | €27,337 | +€23,498 | +612.0% |
| Taxes, remuneration and social security | 45 | €5,772 | €2,222 | -€3,551 | -61.5% |
| Taxes | 450/3 | €5,772 | €2,222 | -€3,551 | -61.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,680 | €38,264 | +€10,584 | +38.2% |
| Other operating charges | 640/8 | €599 | €1,281 | +€682 | +113.9% |
| Gross operating margin | 9900 | €154,085 | €122,095 | -€31,991 | -20.8% |
| Operating profit (loss) | 9901 | €125,807 | €82,549 | -€43,257 | -34.4% |
| Financial income | 75/76B | €5,097 | €6,537 | +€1,440 | +28.3% |
| Recurring financial income | 75 | €5,097 | €6,537 | +€1,440 | +28.3% |
| Financial charges | 65/66B | €972 | €1,544 | +€572 | +58.9% |
| Recurring financial charges | 65 | €972 | €1,544 | +€572 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €129,932 | €87,543 | -€42,389 | -32.6% |
| Income taxes | 67/77 | €45,383 | €32,454 | -€12,928 | -28.5% |
| Profit (loss) for the period | 9904 | €84,549 | €55,088 | -€29,461 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,549 | €55,088 | -€29,461 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.