MC1: 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.
MC1
Largest movements
- Tangible fixed assets -€28,622
down €28,622 (-1.3%), from €2.3m to €2.3m
of which Furniture and vehicles: -€28,622
- Profit (loss) carried forward -€62,674
down €62,674 (-5.8%), from -€1.1m to -€1.2m
- Other debts +€58,224
up €58,224 (+13.1%), from €445,898 to €504,123
- Financial charges -€39,756
down €39,756 (-26.3%), from €151,223 to €111,467
- Gross operating margin +€16,956
up €16,956 (+23.6%), from €71,832 to €88,787
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 | €2,303,381 | €2,295,641 | -€7,740 | -0.3% |
| Fixed assets | 21/28 | €2,285,470 | €2,257,703 | -€27,767 | -1.2% |
| Tangible fixed assets | 22/27 | €2,285,470 | €2,256,848 | -€28,622 | -1.3% |
| Land and buildings | 22 | €2,209,390 | €2,209,390 | = | 0.0% |
| Furniture and vehicles | 24 | €76,080 | €47,458 | -€28,622 | -37.6% |
| Financial fixed assets | 28 | - | €855 | +€855 | |
| Current assets | 29/58 | €17,911 | €37,938 | +€20,027 | +111.8% |
| Amounts receivable within one year | 40/41 | €14,464 | €11,815 | -€2,649 | -18.3% |
| Trade receivables | 40 | €5,486 | €1,031 | -€4,455 | -81.2% |
| Other amounts receivable | 41 | €8,978 | €10,784 | +€1,806 | +20.1% |
| Cash at bank and in hand | 54/58 | €239 | €22,757 | +€22,518 | +9409.8% |
| Deferred charges and accrued income | 490/1 | €3,208 | €3,366 | +€158 | +4.9% |
| Total equity and liabilities | 10/49 | €2,303,381 | €2,295,641 | -€7,740 | -0.3% |
| Equity | 10/15 | -€1,070,447 | -€1,133,120 | -€62,674 | -5.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,089,047 | -€1,151,720 | -€62,674 | -5.8% |
| Amounts payable | 17/49 | €3,373,828 | €3,428,761 | +€54,934 | +1.6% |
| Amounts payable within one year | 42/48 | €3,373,828 | €3,428,761 | +€54,934 | +1.6% |
| Financial debts | 43 | €2,920,965 | €2,920,210 | -€755 | 0.0% |
| Credit institutions | 430/8 | €2,920,965 | €2,920,210 | -€755 | 0.0% |
| Trade debts | 44 | €6,874 | €4,429 | -€2,445 | -35.6% |
| Suppliers | 440/4 | €6,874 | €4,429 | -€2,445 | -35.6% |
| Taxes, remuneration and social security | 45 | €90 | €0 | -€90 | -100.0% |
| Taxes | 450/3 | €90 | €0 | -€90 | -100.0% |
| Other amounts payable | 47/48 | €445,898 | €504,123 | +€58,224 | +13.1% |
| Non-recurring operating income | 76A | €13,575 | €0 | -€13,575 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,827 | €28,622 | -€205 | -0.7% |
| Other operating charges | 640/8 | €10,526 | €10,930 | +€404 | +3.8% |
| Gross operating margin | 9900 | €71,832 | €88,787 | +€16,956 | +23.6% |
| Operating profit (loss) | 9901 | €32,479 | €49,236 | +€16,757 | +51.6% |
| Financial charges | 65/66B | €151,223 | €111,467 | -€39,756 | -26.3% |
| Recurring financial charges | 65 | €151,223 | €111,467 | -€39,756 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€118,744 | -€62,231 | +€56,513 | +47.6% |
| Income taxes | 67/77 | €500 | €443 | -€57 | -11.4% |
| Profit (loss) for the period | 9904 | -€119,244 | -€62,674 | +€56,570 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€119,244 | -€62,674 | +€56,570 | +47.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.