MCB: 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.
MCB
Largest movements
- Tangible fixed assets -€940,925
no longer reported in 2025 (was €940,925)
of which Land and buildings: -€922,250
- Current investments +€150,000
up €150,000 (+17.6%), from €850,000 to €1.0m
- Cash +€87,196
up €87,196 (+120.7%), from €72,229 to €159,425
mainly Investment in fixed assets (net) (+€940,925) and Net result for the year (+€321,341)
- Debts after one year -€900,000
no longer reported in 2025 (was €900,000)
- Reserves +€321,341
up €321,341 (+43.6%), from €737,707 to €1.1m
of which Distributable reserves: +€321,341
- Current portion of long-term debt -€77,950
down €77,950 (-91.0%), from €85,661 to €7,711
- Trade debts -€46,629
no longer reported in 2025 (was €46,629)
- Staff costs -€258,302
down €258,302 (-73.7%), from €350,282 to €91,980
- Taxes +€105,458
up €105,458 (+228.4%), from €46,178 to €151,636
- Depreciation -€84,198
no longer reported in 2025 (was €84,198)
- Gross operating margin -€12,731
down €12,731 (-2.3%), from €559,362 to €546,631
- Financial income +€6,036
up €6,036 (+27.6%), from €21,894 to €27,930
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 | €1,888,782 | €1,182,887 | -€705,895 | -37.4% |
| Fixed assets | 21/28 | €941,085 | €160 | -€940,925 | -100.0% |
| Tangible fixed assets | 22/27 | €940,925 | - | -€940,925 | |
| Land and buildings | 22 | €922,250 | - | -€922,250 | |
| Plant, machinery and equipment | 23 | €8,040 | - | -€8,040 | |
| Furniture and vehicles | 24 | €10,635 | - | -€10,635 | |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €947,697 | €1,182,727 | +€235,030 | +24.8% |
| Stocks and contracts in progress | 3 | €15,221 | - | -€15,221 | |
| Stocks | 30/36 | €15,221 | - | -€15,221 | |
| Amounts receivable within one year | 40/41 | €7,630 | €21,892 | +€14,262 | +186.9% |
| Trade receivables | 40 | €1,148 | - | -€1,148 | |
| Other amounts receivable | 41 | €6,482 | €21,892 | +€15,410 | +237.7% |
| Current investments | 50/53 | €850,000 | €1,000,000 | +€150,000 | +17.6% |
| Cash at bank and in hand | 54/58 | €72,229 | €159,425 | +€87,196 | +120.7% |
| Deferred charges and accrued income | 490/1 | €2,617 | €1,410 | -€1,207 | -46.1% |
| Total equity and liabilities | 10/49 | €1,888,782 | €1,182,887 | -€705,895 | -37.4% |
| Equity | 10/15 | €799,207 | €1,120,548 | +€321,341 | +40.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €737,707 | €1,059,048 | +€321,341 | +43.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €731,557 | €1,052,898 | +€321,341 | +43.9% |
| Amounts payable | 17/49 | €1,089,575 | €62,339 | -€1.0m | -94.3% |
| Amounts payable after more than one year | 17 | €900,000 | - | -€900,000 | |
| Trade debts | 175 | €900,000 | - | -€900,000 | |
| Amounts payable within one year | 42/48 | €189,575 | €62,339 | -€127,236 | -67.1% |
| Current portion of amounts payable after more than one year | 42 | €85,661 | €7,711 | -€77,950 | -91.0% |
| Trade debts | 44 | €46,629 | - | -€46,629 | |
| Suppliers | 440/4 | €46,629 | - | -€46,629 | |
| Advances received on contracts in progress | 46 | - | €330 | +€330 | |
| Taxes, remuneration and social security | 45 | €57,285 | €54,298 | -€2,987 | -5.2% |
| Taxes | 450/3 | €39,076 | €45,443 | +€6,367 | +16.3% |
| Remuneration and social security | 454/9 | €18,209 | €8,855 | -€9,354 | -51.4% |
| Remuneration, social security and pensions | 62 | €350,282 | €91,980 | -€258,302 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,198 | - | -€84,198 | |
| Other operating charges | 640/8 | €11,169 | €7,792 | -€3,377 | -30.2% |
| Gross operating margin | 9900 | €559,362 | €546,631 | -€12,731 | -2.3% |
| Operating profit (loss) | 9901 | €113,713 | €446,859 | +€333,146 | +293.0% |
| Financial income | 75/76B | €21,894 | €27,930 | +€6,036 | +27.6% |
| Recurring financial income | 75 | €21,894 | €27,930 | +€6,036 | +27.6% |
| Financial charges | 65/66B | €6,280 | €1,812 | -€4,468 | -71.1% |
| Recurring financial charges | 65 | €6,280 | €1,812 | -€4,468 | -71.1% |
| Profit (loss) for the period before taxes | 9903 | €129,327 | €472,977 | +€343,650 | +265.7% |
| Income taxes | 67/77 | €46,178 | €151,636 | +€105,458 | +228.4% |
| Profit (loss) for the period | 9904 | €83,149 | €321,341 | +€238,192 | +286.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,149 | €321,341 | +€238,192 | +286.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.