mC4Tx: 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.
mC4Tx
Largest movements
- Receivables within one year -€18,799
down €18,799 (-8.7%), from €215,762 to €196,963
of which Other amounts receivable: -€43,125
- Cash -€14,898
down €14,898 (-86.2%), from €17,283 to €2,385
mainly Net result for the year (-€39,703) and Trade debts (-€5,949)
- Intangible fixed assets -€5,500
down €5,500 (-44.7%), from €12,296 to €6,796
- Reserves -€40,000
down €40,000 (-17.0%), from €234,860 to €194,860
of which Distributable reserves: -€40,000
- Trade debts -€5,949
down €5,949 (-78.6%), from €7,567 to €1,619
- Tax, wage and social debts +€5,461
up €5,461 (+1130.5%), from €483 to €5,944
of which Remuneration and social security: +€4,000
- Gross operating margin -€56,227
down €56,227, from €27,469 to -€28,758
- Depreciation +€2,215
up €2,215 (+26.7%), from €8,303 to €10,518
- Financial income +€897
up €897 (+46980.6%), from €2 to €899
- Other operating charges +€834
up €834 (+1997.5%), from €42 to €876
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 | €255,901 | €215,710 | -€40,191 | -15.7% |
| Fixed assets | 21/28 | €19,615 | €13,732 | -€5,883 | -30.0% |
| Intangible fixed assets | 21 | €12,296 | €6,796 | -€5,500 | -44.7% |
| Tangible fixed assets | 22/27 | €7,319 | €6,936 | -€383 | -5.2% |
| Plant, machinery and equipment | 23 | €1,954 | €1,517 | -€438 | -22.4% |
| Furniture and vehicles | 24 | €5,365 | €5,420 | +€55 | +1.0% |
| Current assets | 29/58 | €236,286 | €201,978 | -€34,308 | -14.5% |
| Amounts receivable within one year | 40/41 | €215,762 | €196,963 | -€18,799 | -8.7% |
| Trade receivables | 40 | €21,671 | €45,997 | +€24,326 | +112.3% |
| Other amounts receivable | 41 | €194,091 | €150,966 | -€43,125 | -22.2% |
| Cash at bank and in hand | 54/58 | €17,283 | €2,385 | -€14,898 | -86.2% |
| Deferred charges and accrued income | 490/1 | €3,241 | €2,630 | -€611 | -18.9% |
| Total equity and liabilities | 10/49 | €255,901 | €215,710 | -€40,191 | -15.7% |
| Equity | 10/15 | €247,850 | €208,147 | -€39,703 | -16.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,860 | €194,860 | -€40,000 | -17.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €233,000 | €193,000 | -€40,000 | -17.2% |
| Profit (loss) carried forward | 14 | €590 | €887 | +€297 | +50.3% |
| Amounts payable | 17/49 | €8,050 | €7,563 | -€488 | -6.1% |
| Amounts payable within one year | 42/48 | €8,050 | €7,563 | -€488 | -6.1% |
| Trade debts | 44 | €7,567 | €1,619 | -€5,949 | -78.6% |
| Suppliers | 440/4 | €7,567 | €1,619 | -€5,949 | -78.6% |
| Taxes, remuneration and social security | 45 | €483 | €5,944 | +€5,461 | +1130.5% |
| Taxes | 450/3 | €483 | €1,944 | +€1,461 | +302.4% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,303 | €10,518 | +€2,215 | +26.7% |
| Other operating charges | 640/8 | €42 | €876 | +€834 | +1997.5% |
| Gross operating margin | 9900 | €27,469 | -€28,758 | -€56,227 | |
| Operating profit (loss) | 9901 | €19,124 | -€40,152 | -€59,276 | |
| Financial income | 75/76B | €2 | €899 | +€897 | +46980.6% |
| Recurring financial income | 75 | €2 | €899 | +€897 | +46980.6% |
| Financial charges | 65/66B | €421 | €307 | -€114 | -27.2% |
| Recurring financial charges | 65 | €421 | €307 | -€114 | -27.2% |
| Profit (loss) for the period before taxes | 9903 | €18,705 | -€39,559 | -€58,264 | |
| Income taxes | 67/77 | €91 | €144 | +€53 | +57.6% |
| Profit (loss) for the period | 9904 | €18,614 | -€39,703 | -€58,317 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,614 | -€39,703 | -€58,317 |
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 7 October 2026 via checked.be.