MCE Groupe: 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.
MCE Groupe
Largest movements
- Tangible fixed assets +€525,017
up €525,017 (+364%), from €144,378 to €669,395
of which Land and buildings: +€562,106
- Cash -€63,481
down €63,481 (-94.7%), from €67,045 to €3,565
mainly Investment in fixed assets (net) (-€598,011) and Net result for the year (-€62,090)
- Receivables within one year -€44,760
down €44,760 (-77.2%), from €57,945 to €13,185
of which Trade receivables: -€40,226
- Deferred charges and accrued income +€12,510
up €12,510 (+1,221%), from €1,025 to €13,534
- Debts after one year +€476,932
up €476,932 (+10,438%), from €4,569 to €481,501
- Profit (loss) carried forward -€62,090
down €62,090, from €13,231 to -€48,859
- Other debts +€33,076
up €33,076 (+26.4%), from €125,266 to €158,341
- Trade debts -€29,253
down €29,253 (-40.5%), from €72,227 to €42,974
- Current portion of long-term debt +€26,008
up €26,008 (+578%), from €4,497 to €30,504
- Gross operating margin -€49,971
down €49,971 (-37.5%), from €133,198 to €83,227
- Depreciation +€22,390
up €22,390 (+44.2%), from €50,604 to €72,994
- Financial charges +€20,093
up €20,093 (+2,316%), from €868 to €20,960
- Staff costs -€10,038
down €10,038 (-17.4%), from €57,625 to €47,587
- Other operating charges +€3,175
up €3,175 (+501%), from €634 to €3,809
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 | €271,533 | €700,819 | +€429,286 | +158% |
| Fixed assets | 21/28 | €145,518 | €670,535 | +€525,017 | +361% |
| Tangible fixed assets | 22/27 | €144,378 | €669,395 | +€525,017 | +364% |
| Land and buildings | 22 | - | €562,106 | +€562,106 | |
| Plant, machinery and equipment | 23 | €110,516 | €82,324 | -€28,192 | -25.5% |
| Furniture and vehicles | 24 | €33,863 | €24,965 | -€8,897 | -26.3% |
| Financial fixed assets | 28 | €1,140 | €1,140 | = | 0.0% |
| Current assets | 29/58 | €126,015 | €30,284 | -€95,731 | -76.0% |
| Amounts receivable within one year | 40/41 | €57,945 | €13,185 | -€44,760 | -77.2% |
| Trade receivables | 40 | €52,559 | €12,333 | -€40,226 | -76.5% |
| Other amounts receivable | 41 | €5,386 | €852 | -€4,534 | -84.2% |
| Cash at bank and in hand | 54/58 | €67,045 | €3,565 | -€63,481 | -94.7% |
| Deferred charges and accrued income | 490/1 | €1,025 | €13,534 | +€12,510 | +1,221% |
| Total equity and liabilities | 10/49 | €271,533 | €700,819 | +€429,286 | +158% |
| Equity | 10/15 | €39,407 | -€22,684 | -€62,090 | |
| Contributions | 10/11 | €26,176 | €26,176 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,231 | -€48,859 | -€62,090 | |
| Amounts payable | 17/49 | €232,126 | €723,503 | +€491,376 | +212% |
| Amounts payable after more than one year | 17 | €4,569 | €481,501 | +€476,932 | +10,438% |
| Financial debts | 170/4 | €4,569 | €481,501 | +€476,932 | +10,438% |
| Amounts payable within one year | 42/48 | €227,558 | €242,002 | +€14,445 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €4,497 | €30,504 | +€26,008 | +578% |
| Trade debts | 44 | €72,227 | €42,974 | -€29,253 | -40.5% |
| Suppliers | 440/4 | €72,227 | €42,974 | -€29,253 | -40.5% |
| Taxes, remuneration and social security | 45 | €25,568 | €10,183 | -€15,385 | -60.2% |
| Taxes | 450/3 | €21,717 | €6,792 | -€14,926 | -68.7% |
| Remuneration and social security | 454/9 | €3,851 | €3,391 | -€460 | -11.9% |
| Other amounts payable | 47/48 | €125,266 | €158,341 | +€33,076 | +26.4% |
| Remuneration, social security and pensions | 62 | €57,625 | €47,587 | -€10,038 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,604 | €72,994 | +€22,390 | +44.2% |
| Other operating charges | 640/8 | €634 | €3,809 | +€3,175 | +501% |
| Non-recurring operating charges | 66A | €3,795 | - | -€3,795 | |
| Gross operating margin | 9900 | €133,198 | €83,227 | -€49,971 | -37.5% |
| Operating profit (loss) | 9901 | €20,541 | -€41,163 | -€61,704 | |
| Financial income | 75/76B | €17 | €33 | +€16 | +90.3% |
| Recurring financial income | 75 | €17 | €33 | +€16 | +90.3% |
| Financial charges | 65/66B | €868 | €20,960 | +€20,093 | +2,316% |
| Recurring financial charges | 65 | €868 | €20,960 | +€20,093 | +2,316% |
| Profit (loss) for the period before taxes | 9903 | €19,690 | -€62,090 | -€81,781 | |
| Profit (loss) for the period | 9904 | €19,690 | -€62,090 | -€81,781 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,690 | -€62,090 | -€81,781 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.