MC2D: 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.
MC2D
Largest movements
- Cash +€6,277
up €6,277 (+1958.2%), from €321 to €6,598
mainly Other debts (+€21,000) and Receivables within one year (+€4,108)
- Other debts +€21,000
up €21,000 (+8.4%), from €250,000 to €271,000
- Profit (loss) carried forward -€16,470
down €16,470 (-29.7%), from -€55,529 to -€71,999
- Short-term financial debts -€5,531
down €5,531 (-2.5%), from €221,453 to €215,922
- Gross operating margin +€31,965
up €31,965 (+87.9%), from -€36,374 to -€4,410
- Financial charges -€7,498
down €7,498 (-40.0%), from €18,730 to €11,232
- Other operating charges +€404
up €404 (+95.0%), from €425 to €828
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 | €421,609 | €423,778 | +€2,169 | +0.5% |
| Fixed assets | 21/28 | €11,000 | €11,000 | = | 0.0% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €410,609 | €412,778 | +€2,169 | +0.5% |
| Stocks and contracts in progress | 3 | €308,545 | €308,545 | = | 0.0% |
| Stocks | 30/36 | €308,545 | €308,545 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,743 | €97,636 | -€4,108 | -4.0% |
| Trade receivables | 40 | €97,116 | €413 | -€96,703 | -99.6% |
| Other amounts receivable | 41 | €4,627 | €97,222 | +€92,595 | +2001.0% |
| Cash at bank and in hand | 54/58 | €321 | €6,598 | +€6,277 | +1958.2% |
| Total equity and liabilities | 10/49 | €421,609 | €423,778 | +€2,169 | +0.5% |
| Equity | 10/15 | -€55,429 | -€71,899 | -€16,470 | -29.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,529 | -€71,999 | -€16,470 | -29.7% |
| Amounts payable | 17/49 | €477,038 | €495,677 | +€18,639 | +3.9% |
| Amounts payable after more than one year | 17 | €5,500 | €5,500 | = | 0.0% |
| Other amounts payable | 178/9 | €5,500 | €5,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €471,538 | €490,177 | +€18,639 | +4.0% |
| Financial debts | 43 | €221,453 | €215,922 | -€5,531 | -2.5% |
| Credit institutions | 430/8 | €221,453 | €215,922 | -€5,531 | -2.5% |
| Trade debts | 44 | €84 | €3,255 | +€3,170 | +3757.4% |
| Suppliers | 440/4 | €84 | €3,255 | +€3,170 | +3757.4% |
| Other amounts payable | 47/48 | €250,000 | €271,000 | +€21,000 | +8.4% |
| Other operating charges | 640/8 | €425 | €828 | +€404 | +95.0% |
| Gross operating margin | 9900 | -€36,374 | -€4,410 | +€31,965 | +87.9% |
| Operating profit (loss) | 9901 | -€36,799 | -€5,238 | +€31,561 | +85.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €18,730 | €11,232 | -€7,498 | -40.0% |
| Recurring financial charges | 65 | €18,730 | €11,232 | -€7,498 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€55,529 | -€16,470 | +€39,060 | +70.3% |
| Profit (loss) for the period | 9904 | -€55,529 | -€16,470 | +€39,060 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,529 | -€16,470 | +€39,060 | +70.3% |
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 1 October 2026 via checked.be.