MCA Horeca: 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.
MCA Horeca
Largest movements
- Receivables within one year +€161,315
up €161,315 (+322.0%), from €50,102 to €211,417
of which Other amounts receivable: +€138,998
- Tangible fixed assets +€21,449
up €21,449 (+18.7%), from €114,800 to €136,249
of which Plant, machinery and equipment: +€23,484
- Contributions +€1.0m
up €1.0m (+166.7%), from €600,000 to €1.6m
- Profit (loss) carried forward -€391,702
down €391,702 (-41.7%), from -€939,426 to -€1.3m
- Other debts -€389,900
down €389,900 (-100.0%), from €389,900 to €0
- Trade debts -€31,903
down €31,903 (-23.5%), from €135,723 to €103,820
- Gross operating margin +€316,884
up €316,884 (+438.9%), from €72,194 to €389,078
- Staff costs +€221,609
up €221,609 (+44.6%), from €496,818 to €718,427
- Financial charges -€158,970
down €158,970 (-92.4%), from €172,032 to €13,062
of which Non-recurring financial charges: -€163,886
- Depreciation +€9,697
up €9,697 (+35.4%), from €27,427 to €37,124
- Other operating charges +€9,321
up €9,321 (+301.4%), from €3,093 to €12,413
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 | €256,707 | €441,467 | +€184,761 | +72.0% |
| Fixed assets | 21/28 | €118,292 | €138,746 | +€20,453 | +17.3% |
| Intangible fixed assets | 21 | €3,292 | €2,296 | -€996 | -30.3% |
| Tangible fixed assets | 22/27 | €114,800 | €136,249 | +€21,449 | +18.7% |
| Plant, machinery and equipment | 23 | €112,766 | €136,249 | +€23,484 | +20.8% |
| Furniture and vehicles | 24 | €2,034 | €0 | -€2,034 | -100.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €138,414 | €302,722 | +€164,307 | +118.7% |
| Stocks and contracts in progress | 3 | €23,848 | €27,057 | +€3,209 | +13.5% |
| Stocks | 30/36 | €23,848 | €27,057 | +€3,209 | +13.5% |
| Amounts receivable within one year | 40/41 | €50,102 | €211,417 | +€161,315 | +322.0% |
| Trade receivables | 40 | €22,063 | €44,380 | +€22,317 | +101.2% |
| Other amounts receivable | 41 | €28,040 | €167,037 | +€138,998 | +495.7% |
| Cash at bank and in hand | 54/58 | €47,043 | €45,105 | -€1,938 | -4.1% |
| Deferred charges and accrued income | 490/1 | €17,421 | €19,142 | +€1,722 | +9.9% |
| Total equity and liabilities | 10/49 | €256,707 | €441,467 | +€184,761 | +72.0% |
| Equity | 10/15 | -€339,426 | €268,871 | +€608,298 | |
| Contributions | 10/11 | €600,000 | €1,600,000 | +€1.0m | +166.7% |
| Profit (loss) carried forward | 14 | -€939,426 | -€1,331,129 | -€391,702 | -41.7% |
| Amounts payable | 17/49 | €596,133 | €172,596 | -€423,537 | -71.0% |
| Amounts payable within one year | 42/48 | €596,133 | €172,596 | -€423,537 | -71.0% |
| Current portion of amounts payable after more than one year | 42 | €2,850 | €0 | -€2,850 | -100.0% |
| Trade debts | 44 | €135,723 | €103,820 | -€31,903 | -23.5% |
| Suppliers | 440/4 | €135,723 | €103,820 | -€31,903 | -23.5% |
| Taxes, remuneration and social security | 45 | €67,660 | €68,776 | +€1,116 | +1.6% |
| Taxes | 450/3 | €5,597 | €23,058 | +€17,461 | +312.0% |
| Remuneration and social security | 454/9 | €62,064 | €45,718 | -€16,345 | -26.3% |
| Other amounts payable | 47/48 | €389,900 | €0 | -€389,900 | -100.0% |
| Remuneration, social security and pensions | 62 | €496,818 | €718,427 | +€221,609 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,427 | €37,124 | +€9,697 | +35.4% |
| Other operating charges | 640/8 | €3,093 | €12,413 | +€9,321 | +301.4% |
| Gross operating margin | 9900 | €72,194 | €389,078 | +€316,884 | +438.9% |
| Operating profit (loss) | 9901 | -€455,143 | -€378,886 | +€76,257 | +16.8% |
| Financial income | 75/76B | €650 | €478 | -€171 | -26.4% |
| Recurring financial income | 75 | €650 | €478 | -€171 | -26.4% |
| Financial charges | 65/66B | €172,032 | €13,062 | -€158,970 | -92.4% |
| Recurring financial charges | 65 | €8,146 | €13,062 | +€4,915 | +60.3% |
| Non-recurring financial charges | 66B | €163,886 | €0 | -€163,886 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€626,526 | -€391,470 | +€235,056 | +37.5% |
| Income taxes | 67/77 | €120 | €233 | +€113 | +94.3% |
| Profit (loss) for the period | 9904 | -€626,645 | -€391,702 | +€234,943 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€626,645 | -€391,702 | +€234,943 | +37.5% |
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 5 October 2026 via checked.be.