MCCO: 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.
MCCO
Largest movements
- Cash +€3,574
up €3,574 (+7.9%), from €45,415 to €48,988
mainly Trade debts (+€4,430) and Tax, wage and social debts (+€1,950)
- Stocks and contracts +€2,744
up €2,744 (+273%), from €1,005 to €3,750
- Trade debts +€4,430
up €4,430 (+525%), from €843 to €5,273
- Tax, wage and social debts +€1,950
up €1,950 (+34.3%), from €5,682 to €7,632
of which Taxes: +€2,238
- Gross operating margin -€14,252
down €14,252 (-91.8%), from €15,518 to €1,265
- Taxes -€4,528
down €4,528 (-86.9%), from €5,208 to €680
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 | €46,487 | €52,877 | +€6,390 | +13.7% |
| Current assets | 29/58 | €46,487 | €52,877 | +€6,390 | +13.7% |
| Stocks and contracts in progress | 3 | €1,005 | €3,750 | +€2,744 | +273% |
| Stocks | 30/36 | €1,005 | €3,750 | +€2,744 | +273% |
| Amounts receivable within one year | 40/41 | €66 | €138 | +€72 | +108% |
| Other amounts receivable | 41 | €66 | €138 | +€72 | +108% |
| Cash at bank and in hand | 54/58 | €45,415 | €48,988 | +€3,574 | +7.9% |
| Total equity and liabilities | 10/49 | €46,487 | €52,877 | +€6,390 | +13.7% |
| Equity | 10/15 | €35,898 | €35,908 | +€10 | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,838 | €18,848 | +€10 | +0.1% |
| Amounts payable | 17/49 | €10,589 | €16,969 | +€6,380 | +60.3% |
| Amounts payable within one year | 42/48 | €10,589 | €16,969 | +€6,380 | +60.3% |
| Trade debts | 44 | €843 | €5,273 | +€4,430 | +525% |
| Suppliers | 440/4 | €843 | €5,273 | +€4,430 | +525% |
| Taxes, remuneration and social security | 45 | €5,682 | €7,632 | +€1,950 | +34.3% |
| Taxes | 450/3 | €2,477 | €4,715 | +€2,238 | +90.3% |
| Remuneration and social security | 454/9 | €3,204 | €2,917 | -€287 | -9.0% |
| Other amounts payable | 47/48 | €4,064 | €4,064 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €539 | +€11 | +2.0% |
| Gross operating margin | 9900 | €15,518 | €1,265 | -€14,252 | -91.8% |
| Operating profit (loss) | 9901 | €14,989 | €726 | -€14,263 | -95.2% |
| Financial income | 75/76B | €221 | €239 | +€18 | +8.2% |
| Recurring financial income | 75 | €221 | €239 | +€18 | +8.2% |
| Financial charges | 65/66B | €264 | €275 | +€11 | +4.2% |
| Recurring financial charges | 65 | €264 | €275 | +€11 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €14,946 | €690 | -€14,256 | -95.4% |
| Income taxes | 67/77 | €5,208 | €680 | -€4,528 | -86.9% |
| Profit (loss) for the period | 9904 | €9,738 | €10 | -€9,728 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,738 | €10 | -€9,728 | -99.9% |
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 13 October 2026 via checked.be.