mc trav: 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 trav
Largest movements
- Receivables within one year +€265,357
up €265,357 (+253%), from €104,742 to €370,099
of which Trade receivables: +€264,183
- Stocks and contracts +€38,500
up €38,500 (+16.4%), from €235,000 to €273,500
of which Contracts in progress: +€33,000
- Tangible fixed assets -€10,462
down €10,462 (-24.9%), from €41,966 to €31,505
- Other debts +€298,409
up €298,409 (+170%), from €175,761 to €474,170
- Profit (loss) carried forward -€18,510
down €18,510, from €9,154 to -€9,355
- Trade debts +€13,085
up €13,085 (+8.2%), from €158,818 to €171,903
of which Bills of exchange payable: +€12,163
- Debts after one year -€7,941
down €7,941 (-28.6%), from €27,749 to €19,808
- Gross operating margin +€20,120
up €20,120 (+92.6%), from -€21,717 to -€1,596
- Financial charges +€4,897
up €4,897 (+315%), from €1,554 to €6,452
- Depreciation +€2,682
up €2,682 (+34.5%), from €7,780 to €10,462
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Financial income -€264
down €264 (-100.0%), from €264 to €0
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 | €390,744 | €679,899 | +€289,155 | +74.0% |
| Fixed assets | 21/28 | €41,966 | €31,505 | -€10,462 | -24.9% |
| Tangible fixed assets | 22/27 | €41,966 | €31,505 | -€10,462 | -24.9% |
| Furniture and vehicles | 24 | €41,966 | €31,505 | -€10,462 | -24.9% |
| Current assets | 29/58 | €348,777 | €648,394 | +€299,617 | +85.9% |
| Stocks and contracts in progress | 3 | €235,000 | €273,500 | +€38,500 | +16.4% |
| Stocks | 30/36 | €18,000 | €23,500 | +€5,500 | +30.6% |
| Contracts in progress | 37 | €217,000 | €250,000 | +€33,000 | +15.2% |
| Amounts receivable within one year | 40/41 | €104,742 | €370,099 | +€265,357 | +253% |
| Trade receivables | 40 | €80,560 | €344,744 | +€264,183 | +328% |
| Other amounts receivable | 41 | €24,181 | €25,355 | +€1,174 | +4.9% |
| Cash at bank and in hand | 54/58 | €9,035 | €4,795 | -€4,241 | -46.9% |
| Total equity and liabilities | 10/49 | €390,744 | €679,899 | +€289,155 | +74.0% |
| Equity | 10/15 | €17,209 | -€1,300 | -€18,510 | |
| Contributions | 10/11 | €8,055 | €8,055 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,154 | -€9,355 | -€18,510 | |
| Amounts payable | 17/49 | €373,534 | €681,199 | +€307,665 | +82.4% |
| Amounts payable after more than one year | 17 | €27,749 | €19,808 | -€7,941 | -28.6% |
| Financial debts | 170/4 | €27,749 | €19,808 | -€7,941 | -28.6% |
| Amounts payable within one year | 42/48 | €345,785 | €661,391 | +€315,606 | +91.3% |
| Current portion of amounts payable after more than one year | 42 | €7,630 | €7,941 | +€310 | +4.1% |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Credit institutions | 430/8 | - | €3,000 | +€3,000 | |
| Trade debts | 44 | €158,818 | €171,903 | +€13,085 | +8.2% |
| Suppliers | 440/4 | €158,818 | €159,740 | +€922 | +0.6% |
| Bills of exchange payable | 441 | - | €12,163 | +€12,163 | |
| Taxes, remuneration and social security | 45 | €3,576 | €4,377 | +€801 | +22.4% |
| Taxes | 450/3 | €3,576 | €4,377 | +€801 | +22.4% |
| Other amounts payable | 47/48 | €175,761 | €474,170 | +€298,409 | +170% |
| Non-recurring operating income | 76A | - | €1,791 | +€1,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,780 | €10,462 | +€2,682 | +34.5% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€21,717 | -€1,596 | +€20,120 | +92.6% |
| Operating profit (loss) | 9901 | -€29,884 | -€12,058 | +€17,826 | +59.7% |
| Financial income | 75/76B | €264 | €0 | -€264 | -100.0% |
| Recurring financial income | 75 | €264 | €0 | -€264 | -100.0% |
| Financial charges | 65/66B | €1,554 | €6,452 | +€4,897 | +315% |
| Recurring financial charges | 65 | €1,554 | €6,452 | +€4,897 | +315% |
| Profit (loss) for the period before taxes | 9903 | -€31,174 | -€18,510 | +€12,665 | +40.6% |
| Profit (loss) for the period | 9904 | -€31,174 | -€18,510 | +€12,665 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,174 | -€18,510 | +€12,665 | +40.6% |
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 17 October 2026 via checked.be.