MCAUWELS: what changed
Two financial 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.
MCAUWELS
Largest movements
- Cash +€17,261
up €17,261 (+9.0%), from €192,512 to €209,773
mainly Net result for the year (+€24,947) and Receivables within one year (+€12,586)
- Receivables within one year -€12,586
down €12,586 (-93.0%), from €13,530 to €944
- Profit (loss) carried forward +€24,947
up €24,947 (+17.9%), from €139,743 to €164,690
- Tax, wage and social debts -€20,398
down €20,398 (-39.3%), from €51,905 to €31,507
of which Taxes: -€30,398
- Gross operating margin -€58,680
down €58,680 (-62.2%), from €94,292 to €35,612
- Taxes -€11,948
down €11,948 (-62.2%), from €19,197 to €7,249
- Financial charges -€1,222
down €1,222 (-71.3%), from €1,713 to €491
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.
Derived cash bridge
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 | €207,618 | €214,009 | +€6,391 | +3.1% |
| Fixed assets | 21/28 | €1,278 | €3,292 | +€2,014 | +158% |
| Tangible fixed assets | 22/27 | €1,278 | €3,292 | +€2,014 | +158% |
| Plant, machinery and equipment | 23 | €1,278 | €881 | -€397 | -31.1% |
| Furniture and vehicles | 24 | - | €2,411 | +€2,411 | |
| Current assets | 29/58 | €206,340 | €210,717 | +€4,377 | +2.1% |
| Amounts receivable within one year | 40/41 | €13,530 | €944 | -€12,586 | -93.0% |
| Trade receivables | 40 | €13,530 | €944 | -€12,586 | -93.0% |
| Cash at bank and in hand | 54/58 | €192,512 | €209,773 | +€17,261 | +9.0% |
| Deferred charges and accrued income | 490/1 | €298 | - | -€298 | |
| Total equity and liabilities | 10/49 | €207,618 | €214,009 | +€6,391 | +3.1% |
| Equity | 10/15 | €142,743 | €167,690 | +€24,947 | +17.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,743 | €164,690 | +€24,947 | +17.9% |
| Amounts payable | 17/49 | €64,875 | €46,319 | -€18,556 | -28.6% |
| Amounts payable within one year | 42/48 | €64,875 | €46,319 | -€18,556 | -28.6% |
| Trade debts | 44 | €1,641 | €3,672 | +€2,031 | +124% |
| Suppliers | 440/4 | €1,641 | €3,672 | +€2,031 | +124% |
| Taxes, remuneration and social security | 45 | €51,905 | €31,507 | -€20,398 | -39.3% |
| Taxes | 450/3 | €51,322 | €20,924 | -€30,398 | -59.2% |
| Remuneration and social security | 454/9 | €583 | €10,583 | +€10,000 | +1,715% |
| Other amounts payable | 47/48 | €11,329 | €11,140 | -€189 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €398 | €1,120 | +€722 | +181% |
| Other operating charges | 640/8 | €1,666 | €1,805 | +€139 | +8.3% |
| Gross operating margin | 9900 | €94,292 | €35,612 | -€58,680 | -62.2% |
| Operating profit (loss) | 9901 | €92,228 | €32,687 | -€59,541 | -64.6% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,713 | €491 | -€1,222 | -71.3% |
| Recurring financial charges | 65 | €1,713 | €491 | -€1,222 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €90,517 | €32,196 | -€58,321 | -64.4% |
| Income taxes | 67/77 | €19,197 | €7,249 | -€11,948 | -62.2% |
| Profit (loss) for the period | 9904 | €71,320 | €24,947 | -€46,373 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,320 | €24,947 | -€46,373 | -65.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.