MC2010: 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.
MC2010
Largest movements
- Stocks and contracts -€29,508
down €29,508 (-89.8%), from €32,856 to €3,348
- Receivables within one year -€3,576
no longer reported in 2025 (was €3,576)
- Tangible fixed assets -€2,248
down €2,248 (-24.7%), from €9,104 to €6,857
of which Other tangible fixed assets: -€1,566
- Cash +€1,230
up €1,230 (+4.7%), from €26,137 to €27,367
mainly Stocks and contracts (+€29,508) and Receivables within one year (+€3,576)
- Financial fixed assets -€1,200
no longer reported in 2025 (was €1,200)
- Profit (loss) carried forward -€25,189
down €25,189 (-69.9%), from €36,043 to €10,854
- Trade debts -€9,697
down €9,697 (-38.8%), from €25,004 to €15,307
- Gross operating margin -€28,068
down €28,068, from €10,015 to -€18,053
- Depreciation -€1,851
down €1,851 (-45.2%), from €4,098 to €2,248
- Financial charges -€391
down €391 (-10.2%), from €3,827 to €3,436
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 | €73,041 | €37,677 | -€35,365 | -48.4% |
| Fixed assets | 21/28 | €10,304 | €6,857 | -€3,448 | -33.5% |
| Tangible fixed assets | 22/27 | €9,104 | €6,857 | -€2,248 | -24.7% |
| Plant, machinery and equipment | 23 | €1,332 | €650 | -€682 | -51.2% |
| Other tangible fixed assets | 26 | €7,772 | €6,206 | -€1,566 | -20.1% |
| Financial fixed assets | 28 | €1,200 | - | -€1,200 | |
| Current assets | 29/58 | €62,737 | €30,820 | -€31,917 | -50.9% |
| Stocks and contracts in progress | 3 | €32,856 | €3,348 | -€29,508 | -89.8% |
| Stocks | 30/36 | €32,856 | €3,348 | -€29,508 | -89.8% |
| Amounts receivable within one year | 40/41 | €3,576 | - | -€3,576 | |
| Other amounts receivable | 41 | €3,576 | - | -€3,576 | |
| Cash at bank and in hand | 54/58 | €26,137 | €27,367 | +€1,230 | +4.7% |
| Deferred charges and accrued income | 490/1 | €168 | €105 | -€63 | -37.6% |
| Total equity and liabilities | 10/49 | €73,041 | €37,677 | -€35,365 | -48.4% |
| Equity | 10/15 | €44,103 | €18,914 | -€25,189 | -57.1% |
| Reserves | 13 | €8,060 | €8,060 | = | 0.0% |
| Distributable reserves | 133 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,043 | €10,854 | -€25,189 | -69.9% |
| Amounts payable | 17/49 | €28,939 | €18,763 | -€10,176 | -35.2% |
| Amounts payable within one year | 42/48 | €28,939 | €18,763 | -€10,176 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €594 | - | -€594 | |
| Trade debts | 44 | €25,004 | €15,307 | -€9,697 | -38.8% |
| Suppliers | 440/4 | €25,004 | €15,307 | -€9,697 | -38.8% |
| Taxes, remuneration and social security | 45 | €3,340 | €3,456 | +€116 | +3.5% |
| Taxes | 450/3 | €3,340 | €1,756 | -€1,584 | -47.4% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,098 | €2,248 | -€1,851 | -45.2% |
| Other operating charges | 640/8 | €1,582 | €1,478 | -€104 | -6.6% |
| Gross operating margin | 9900 | €10,015 | -€18,053 | -€28,068 | |
| Operating profit (loss) | 9901 | €4,335 | -€21,778 | -€26,113 | |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €3,827 | €3,436 | -€391 | -10.2% |
| Recurring financial charges | 65 | €3,827 | €3,436 | -€391 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €507 | -€25,189 | -€25,696 | |
| Profit (loss) for the period | 9904 | €507 | -€25,189 | -€25,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €507 | -€25,189 | -€25,696 |
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 9 October 2026 via checked.be.