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
- Cash +€22,004
up €22,004 (+100.8%), from €21,835 to €43,839
mainly Net result for the year (+€46,328) and Depreciation (+€15,407)
- Receivables within one year -€4,934
down €4,934 (-24.0%), from €20,550 to €15,616
of which Trade receivables: -€4,952
- Tangible fixed assets -€4,090
down €4,090 (-4.0%), from €101,066 to €96,976
- Reserves +€34,328
up €34,328 (+223.9%), from €15,331 to €49,659
- Debts after one year -€9,773
down €9,773 (-16.0%), from €61,101 to €51,328
- Tax, wage and social debts -€6,930
down €6,930 (-22.3%), from €31,130 to €24,201
of which Taxes: -€6,990
- Trade debts -€4,688
down €4,688 (-57.0%), from €8,219 to €3,531
- Gross operating margin +€45,020
up €45,020 (+67.1%), from €67,046 to €112,065
- Taxes +€9,782
up €9,782 (+73.4%), from €13,331 to €23,112
- Depreciation +€1,766
up €1,766 (+12.9%), from €13,641 to €15,407
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 | €144,866 | €157,862 | +€12,996 | +9.0% |
| Fixed assets | 21/28 | €102,154 | €98,064 | -€4,090 | -4.0% |
| Tangible fixed assets | 22/27 | €101,066 | €96,976 | -€4,090 | -4.0% |
| Plant, machinery and equipment | 23 | €101,066 | €96,976 | -€4,090 | -4.0% |
| Financial fixed assets | 28 | €1,088 | €1,088 | = | 0.0% |
| Current assets | 29/58 | €42,712 | €59,799 | +€17,087 | +40.0% |
| Amounts receivable within one year | 40/41 | €20,550 | €15,616 | -€4,934 | -24.0% |
| Trade receivables | 40 | €20,533 | €15,581 | -€4,952 | -24.1% |
| Other amounts receivable | 41 | €17 | €35 | +€18 | +101.9% |
| Cash at bank and in hand | 54/58 | €21,835 | €43,839 | +€22,004 | +100.8% |
| Deferred charges and accrued income | 490/1 | €327 | €343 | +€16 | +5.0% |
| Total equity and liabilities | 10/49 | €144,866 | €157,862 | +€12,996 | +9.0% |
| Equity | 10/15 | €33,931 | €68,259 | +€34,328 | +101.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,331 | €49,659 | +€34,328 | +223.9% |
| Distributable reserves | 133 | €15,331 | €49,659 | +€34,328 | +223.9% |
| Amounts payable | 17/49 | €110,935 | €89,604 | -€21,332 | -19.2% |
| Amounts payable after more than one year | 17 | €61,101 | €51,328 | -€9,773 | -16.0% |
| Financial debts | 170/4 | €61,101 | €51,328 | -€9,773 | -16.0% |
| Amounts payable within one year | 42/48 | €49,834 | €38,275 | -€11,559 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €10,110 | €10,406 | +€296 | +2.9% |
| Trade debts | 44 | €8,219 | €3,531 | -€4,688 | -57.0% |
| Suppliers | 440/4 | €8,219 | €3,531 | -€4,688 | -57.0% |
| Taxes, remuneration and social security | 45 | €31,130 | €24,201 | -€6,930 | -22.3% |
| Taxes | 450/3 | €28,100 | €21,109 | -€6,990 | -24.9% |
| Remuneration and social security | 454/9 | €3,030 | €3,091 | +€61 | +2.0% |
| Other amounts payable | 47/48 | €375 | €137 | -€238 | -63.4% |
| Remuneration, social security and pensions | 62 | €24,335 | €24,024 | -€312 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,641 | €15,407 | +€1,766 | +12.9% |
| Other operating charges | 640/8 | €281 | €141 | -€140 | -50.0% |
| Gross operating margin | 9900 | €67,046 | €112,065 | +€45,020 | +67.1% |
| Operating profit (loss) | 9901 | €28,789 | €72,495 | +€43,706 | +151.8% |
| Financial income | 75/76B | €4 | €34 | +€30 | +740.0% |
| Recurring financial income | 75 | €4 | €34 | +€30 | +740.0% |
| Financial charges | 65/66B | €2,762 | €3,088 | +€326 | +11.8% |
| Recurring financial charges | 65 | €2,762 | €3,088 | +€326 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €26,031 | €69,441 | +€43,410 | +166.8% |
| Income taxes | 67/77 | €13,331 | €23,112 | +€9,782 | +73.4% |
| Profit (loss) for the period | 9904 | €12,700 | €46,328 | +€33,628 | +264.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,700 | €46,328 | +€33,628 | +264.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.