MC-WORKS: 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.
What changed
MC-WORKS
NACE 28.220, Manufacture of machinery and equipment not elsewhere classified
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,152
2024 · €30,158+€16,994
Equity
€153,064
2024 · €105,911+€47,152
Cash
€12,336
2024 · €6,752+€5,584
Balance sheet total
€745,888
2024 · €948,877-€202,988
Largest movements
Assets
- Receivables within one year -€162,365
down €162,365 (-43.1%), from €377,118 to €214,753
of which Trade receivables: -€143,101
- Tangible fixed assets -€41,431
down €41,431 (-9.5%), from €437,408 to €395,978
Equity and liabilities
- Advances received -€196,799
down €196,799 (-96.3%), from €204,349 to €7,550
- Reserves +€47,152
up €47,152 (+54.0%), from €87,311 to €134,464
- Debts after one year -€45,793
down €45,793 (-17.0%), from €270,046 to €224,253
- Trade debts -€13,026
down €13,026 (-13.5%), from €96,764 to €83,738
Income statement
- Staff costs -€24,963
down €24,963 (-6.3%), from €395,049 to €370,086
- Gross operating margin -€8,303
down €8,303 (-1.7%), from €494,951 to €486,649
- Depreciation -€6,645
down €6,645 (-23.7%), from €28,096 to €21,451
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.
Result 2024
€30,158
Gross operating margin
-€8,303
Staff costs
+€24,963
Depreciation
+€6,645
Other operating charges
-€668
Other operating items
-€209
Financial income
+€656
Financial charges
-€3,061
Taxes
-€3,029
Result 2025
€47,152
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€30,790
Investment
+€19,980
Financing
-€45,186
Cash 2024
€6,752
From operations (derived)
+€30,790
Net result for the year
+€47,152
Depreciation
+€21,451
Receivables within one year
+€162,365
Deferred charges and accrued income
+€4,777
Trade debts
-€13,026
Tax, wage and social debts
+€4,870
Advances received
-€196,799
Investment (derived)
+€19,980
Investment in fixed assets (net)
+€19,980
Financing
-€45,186
Debts after one year
-€45,793
Current portion of long-term debt
-€7,224
Short-term financial debts
+€7,831
Cash 2025
€12,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €948,877 | €745,888 | -€202,988 | -21.4% |
| Fixed assets | 21/28 | €437,408 | €395,978 | -€41,431 | -9.5% |
| Tangible fixed assets | 22/27 | €437,408 | €395,978 | -€41,431 | -9.5% |
| Land and buildings | 22 | €394,340 | €381,420 | -€12,920 | -3.3% |
| Furniture and vehicles | 24 | €12,037 | €1,564 | -€10,473 | -87.0% |
| Leasing and similar rights | 25 | €31,031 | €12,993 | -€18,038 | -58.1% |
| Current assets | 29/58 | €511,469 | €349,911 | -€161,558 | -31.6% |
| Amounts receivable after more than one year | 29 | €99,000 | €99,000 | = | 0.0% |
| Other amounts receivable | 291 | €99,000 | €99,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €377,118 | €214,753 | -€162,365 | -43.1% |
| Trade receivables | 40 | €222,091 | €78,990 | -€143,101 | -64.4% |
| Other amounts receivable | 41 | €155,027 | €135,763 | -€19,264 | -12.4% |
| Cash at bank and in hand | 54/58 | €6,752 | €12,336 | +€5,584 | +82.7% |
| Deferred charges and accrued income | 490/1 | €28,599 | €23,822 | -€4,777 | -16.7% |
| Total equity and liabilities | 10/49 | €948,877 | €745,888 | -€202,988 | -21.4% |
| Equity | 10/15 | €105,911 | €153,064 | +€47,152 | +44.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,311 | €134,464 | +€47,152 | +54.0% |
| Distributable reserves | 133 | €87,311 | €134,464 | +€47,152 | +54.0% |
| Amounts payable | 17/49 | €842,965 | €592,825 | -€250,141 | -29.7% |
| Amounts payable after more than one year | 17 | €270,046 | €224,253 | -€45,793 | -17.0% |
| Financial debts | 170/4 | €270,046 | €224,253 | -€45,793 | -17.0% |
| Amounts payable within one year | 42/48 | €572,920 | €368,572 | -€204,348 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €63,824 | €56,600 | -€7,224 | -11.3% |
| Financial debts | 43 | €74,560 | €82,391 | +€7,831 | +10.5% |
| Credit institutions | 430/8 | €74,560 | €82,391 | +€7,831 | +10.5% |
| Trade debts | 44 | €96,764 | €83,738 | -€13,026 | -13.5% |
| Suppliers | 440/4 | €96,764 | €83,738 | -€13,026 | -13.5% |
| Advances received on contracts in progress | 46 | €204,349 | €7,550 | -€196,799 | -96.3% |
| Taxes, remuneration and social security | 45 | €108,423 | €113,293 | +€4,870 | +4.5% |
| Taxes | 450/3 | €65,532 | €75,521 | +€9,989 | +15.2% |
| Remuneration and social security | 454/9 | €42,891 | €37,772 | -€5,119 | -11.9% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €9,071 | +€9,071 | |
| Remuneration, social security and pensions | 62 | €395,049 | €370,086 | -€24,963 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,096 | €21,451 | -€6,645 | -23.7% |
| Other operating charges | 640/8 | €4,175 | €4,843 | +€668 | +16.0% |
| Non-recurring operating charges | 66A | €1,616 | €1,824 | +€209 | +12.9% |
| Gross operating margin | 9900 | €494,951 | €486,649 | -€8,303 | -1.7% |
| Operating profit (loss) | 9901 | €66,015 | €88,444 | +€22,429 | +34.0% |
| Financial income | 75/76B | €9,878 | €10,533 | +€656 | +6.6% |
| Recurring financial income | 75 | €9,878 | €10,533 | +€656 | +6.6% |
| Financial charges | 65/66B | €26,473 | €29,534 | +€3,061 | +11.6% |
| Recurring financial charges | 65 | €26,473 | €29,534 | +€3,061 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €49,420 | €69,443 | +€20,023 | +40.5% |
| Income taxes | 67/77 | €19,261 | €22,290 | +€3,029 | +15.7% |
| Profit (loss) for the period | 9904 | €30,158 | €47,152 | +€16,994 | +56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,158 | €47,152 | +€16,994 | +56.4% |
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.