MCC: 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.
MCC
Largest movements
- Deferred charges and accrued income -€36,295
down €36,295 (-91.5%), from €39,680 to €3,385
- Cash +€34,479
up €34,479 (+2163.8%), from €1,593 to €36,072
mainly Net result for the year (+€59,428) and Deferred charges and accrued income (+€36,295)
- Tangible fixed assets -€18,310
down €18,310 (-5.0%), from €364,436 to €346,126
of which Land and buildings: -€12,085
- Debts after one year -€20,782
down €20,782 (-18.2%), from €114,441 to €93,659
- Tax, wage and social debts -€17,216
down €17,216 (-87.0%), from €19,779 to €2,563
- Reserves +€16,469
up €16,469 (+6.6%), from €250,146 to €266,615
of which Distributable reserves: +€16,469
- Gross operating margin -€48,715
down €48,715 (-30.5%), from €159,829 to €111,114
- Taxes -€27,529
down €27,529 (-52.7%), from €52,207 to €24,678
- Depreciation +€1,890
up €1,890 (+10.9%), from €17,402 to €19,293
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 | €432,459 | €408,369 | -€24,090 | -5.6% |
| Fixed assets | 21/28 | €364,436 | €346,126 | -€18,310 | -5.0% |
| Tangible fixed assets | 22/27 | €364,436 | €346,126 | -€18,310 | -5.0% |
| Land and buildings | 22 | €316,870 | €304,785 | -€12,085 | -3.8% |
| Plant, machinery and equipment | 23 | €10,082 | €8,235 | -€1,847 | -18.3% |
| Furniture and vehicles | 24 | €9,843 | €8,548 | -€1,295 | -13.2% |
| Other tangible fixed assets | 26 | €27,641 | €24,558 | -€3,083 | -11.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €68,023 | €62,243 | -€5,779 | -8.5% |
| Stocks and contracts in progress | 3 | €582 | €222 | -€360 | -61.9% |
| Stocks | 30/36 | €582 | €222 | -€360 | -61.9% |
| Amounts receivable within one year | 40/41 | €26,167 | €22,564 | -€3,603 | -13.8% |
| Trade receivables | 40 | €21,730 | €17,669 | -€4,061 | -18.7% |
| Other amounts receivable | 41 | €4,437 | €4,896 | +€458 | +10.3% |
| Cash at bank and in hand | 54/58 | €1,593 | €36,072 | +€34,479 | +2163.8% |
| Deferred charges and accrued income | 490/1 | €39,680 | €3,385 | -€36,295 | -91.5% |
| Total equity and liabilities | 10/49 | €432,459 | €408,369 | -€24,090 | -5.6% |
| Equity | 10/15 | €268,696 | €285,165 | +€16,469 | +6.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €250,146 | €266,615 | +€16,469 | +6.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €250,146 | €266,615 | +€16,469 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €163,763 | €123,204 | -€40,559 | -24.8% |
| Amounts payable after more than one year | 17 | €114,441 | €93,659 | -€20,782 | -18.2% |
| Financial debts | 170/4 | €114,441 | €93,659 | -€20,782 | -18.2% |
| Amounts payable within one year | 42/48 | €47,447 | €27,634 | -€19,814 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €21,027 | €21,328 | +€302 | +1.4% |
| Trade debts | 44 | €6,642 | €3,742 | -€2,900 | -43.7% |
| Suppliers | 440/4 | €6,642 | €3,742 | -€2,900 | -43.7% |
| Taxes, remuneration and social security | 45 | €19,779 | €2,563 | -€17,216 | -87.0% |
| Taxes | 450/3 | €19,779 | €2,563 | -€17,216 | -87.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,875 | €1,911 | +€36 | +1.9% |
| Non-recurring operating income | 76A | - | €30,155 | +€30,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,402 | €19,293 | +€1,890 | +10.9% |
| Other operating charges | 640/8 | €3,367 | €3,228 | -€139 | -4.1% |
| Gross operating margin | 9900 | €159,829 | €111,114 | -€48,715 | -30.5% |
| Operating profit (loss) | 9901 | €139,060 | €88,594 | -€50,466 | -36.3% |
| Financial income | 75/76B | €316 | €181 | -€136 | -42.8% |
| Recurring financial income | 75 | €316 | €181 | -€136 | -42.8% |
| Financial charges | 65/66B | €4,042 | €4,670 | +€628 | +15.5% |
| Recurring financial charges | 65 | €4,042 | €4,670 | +€628 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €135,335 | €84,105 | -€51,229 | -37.9% |
| Income taxes | 67/77 | €52,207 | €24,678 | -€27,529 | -52.7% |
| Profit (loss) for the period | 9904 | €83,128 | €59,428 | -€23,700 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €83,128 | €59,428 | -€23,700 | -28.5% |
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 28 September 2026 via checked.be.