MC TRADING: 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 TRADING
Largest movements
- Cash +€51,741
up €51,741 (+255%), from €20,259 to €71,999
mainly Net result for the year (+€38,948) and Advances received (+€19,410)
- Receivables within one year +€29,320
up €29,320 (+134%), from €21,919 to €51,239
of which Trade receivables: +€27,587
- Reserves +€38,900
up €38,900 (+30.2%), from €129,000 to €167,900
- Advances received +€19,410
up €19,410 (+292%), from €6,644 to €26,054
- Debts after one year +€16,475
up €16,475 (+8.5%), from €193,461 to €209,936
- Tax, wage and social debts -€10,917
down €10,917 (-26.8%), from €40,737 to €29,820
of which Remuneration and social security: -€10,911
- Trade debts +€7,266
up €7,266 (+124%), from €5,872 to €13,138
- Gross operating margin +€8,219
up €8,219 (+6.5%), from €127,116 to €135,335
- Taxes -€6,379
down €6,379 (-21.9%), from €29,143 to €22,764
- Staff costs -€3,813
down €3,813 (-6.8%), from €55,811 to €51,998
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 | €423,558 | €501,695 | +€78,137 | +18.4% |
| Fixed assets | 21/28 | €381,182 | €378,210 | -€2,972 | -0.8% |
| Tangible fixed assets | 22/27 | €381,132 | €378,160 | -€2,972 | -0.8% |
| Land and buildings | 22 | €378,935 | €364,758 | -€14,177 | -3.7% |
| Plant, machinery and equipment | 23 | €1,157 | €765 | -€392 | -33.9% |
| Furniture and vehicles | 24 | €1,040 | €980 | -€61 | -5.8% |
| Assets under construction and advance payments | 27 | - | €11,658 | +€11,658 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €42,376 | €123,485 | +€81,109 | +191% |
| Amounts receivable within one year | 40/41 | €21,919 | €51,239 | +€29,320 | +134% |
| Trade receivables | 40 | €13,515 | €41,102 | +€27,587 | +204% |
| Other amounts receivable | 41 | €8,404 | €10,137 | +€1,733 | +20.6% |
| Cash at bank and in hand | 54/58 | €20,259 | €71,999 | +€51,741 | +255% |
| Deferred charges and accrued income | 490/1 | €199 | €247 | +€48 | +24.3% |
| Total equity and liabilities | 10/49 | €423,558 | €501,695 | +€78,137 | +18.4% |
| Equity | 10/15 | €155,805 | €194,753 | +€38,948 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,000 | €167,900 | +€38,900 | +30.2% |
| Distributable reserves | 133 | €129,000 | €167,900 | +€38,900 | +30.2% |
| Profit (loss) carried forward | 14 | €8,205 | €8,253 | +€48 | +0.6% |
| Amounts payable | 17/49 | €267,753 | €306,942 | +€39,189 | +14.6% |
| Amounts payable after more than one year | 17 | €193,461 | €209,936 | +€16,475 | +8.5% |
| Financial debts | 170/4 | €193,461 | €209,936 | +€16,475 | +8.5% |
| Amounts payable within one year | 42/48 | €74,292 | €97,006 | +€22,714 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €20,516 | €26,638 | +€6,122 | +29.8% |
| Trade debts | 44 | €5,872 | €13,138 | +€7,266 | +124% |
| Suppliers | 440/4 | €5,872 | €13,138 | +€7,266 | +124% |
| Advances received on contracts in progress | 46 | €6,644 | €26,054 | +€19,410 | +292% |
| Taxes, remuneration and social security | 45 | €40,737 | €29,820 | -€10,917 | -26.8% |
| Taxes | 450/3 | €22,820 | €22,814 | -€6 | 0.0% |
| Remuneration and social security | 454/9 | €17,917 | €7,006 | -€10,911 | -60.9% |
| Other amounts payable | 47/48 | €523 | €1,356 | +€833 | +159% |
| Remuneration, social security and pensions | 62 | €55,811 | €51,998 | -€3,813 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,775 | €14,630 | -€145 | -1.0% |
| Other operating charges | 640/8 | €2,208 | €2,153 | -€55 | -2.5% |
| Gross operating margin | 9900 | €127,116 | €135,335 | +€8,219 | +6.5% |
| Operating profit (loss) | 9901 | €54,322 | €66,554 | +€12,232 | +22.5% |
| Financial charges | 65/66B | €5,783 | €4,842 | -€941 | -16.3% |
| Recurring financial charges | 65 | €5,783 | €4,842 | -€941 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €48,539 | €61,712 | +€13,173 | +27.1% |
| Income taxes | 67/77 | €29,143 | €22,764 | -€6,379 | -21.9% |
| Profit (loss) for the period | 9904 | €19,396 | €38,948 | +€19,552 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €19,396 | €38,948 | +€19,552 | +101% |
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.