Mcee beheer: 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.
Mcee beheer
Largest movements
- Current investments -€336,986
down €336,986 (-42.3%), from €797,395 to €460,409
- Cash +€245,256
up €245,256 (+299%), from €82,016 to €327,273
mainly Current investments (+€336,986) and Net result for the year (+€82,605)
- Stocks and contracts +€148,625
new in 2025: €148,625
- Tangible fixed assets -€26,102
down €26,102 (-10.4%), from €249,903 to €223,801
- Receivables within one year +€16,818
up €16,818 (+27.6%), from €60,875 to €77,694
of which Other amounts receivable: +€10,020
- Other debts +€80,472
up €80,472 (+143%), from €56,162 to €136,634
- Reserves -€30,110
down €30,110 (-7.0%), from €431,231 to €401,121
- Financial charges +€64,819
up €64,819, from -€59,685 to €5,134
- Financial income +€61,609
up €61,609 (+311%), from €19,816 to €81,425
- Gross operating margin +€14,412
up €14,412 (+26.0%), from €55,515 to €69,927
- Taxes +€13,969
up €13,969 (+98.7%), from €14,149 to €28,118
- Other operating charges +€4,109
up €4,109 (+77.7%), from €5,285 to €9,393
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 | €1,191,130 | €1,238,753 | +€47,622 | +4.0% |
| Fixed assets | 21/28 | €249,903 | €223,801 | -€26,102 | -10.4% |
| Tangible fixed assets | 22/27 | €249,903 | €223,801 | -€26,102 | -10.4% |
| Land and buildings | 22 | €249,903 | €223,801 | -€26,102 | -10.4% |
| Current assets | 29/58 | €941,227 | €1,014,951 | +€73,724 | +7.8% |
| Stocks and contracts in progress | 3 | - | €148,625 | +€148,625 | |
| Stocks | 30/36 | - | €148,625 | +€148,625 | |
| Amounts receivable within one year | 40/41 | €60,875 | €77,694 | +€16,818 | +27.6% |
| Trade receivables | 40 | €33,723 | €40,522 | +€6,799 | +20.2% |
| Other amounts receivable | 41 | €27,152 | €37,172 | +€10,020 | +36.9% |
| Current investments | 50/53 | €797,395 | €460,409 | -€336,986 | -42.3% |
| Cash at bank and in hand | 54/58 | €82,016 | €327,273 | +€245,256 | +299% |
| Deferred charges and accrued income | 490/1 | €940 | €951 | +€11 | +1.1% |
| Total equity and liabilities | 10/49 | €1,191,130 | €1,238,753 | +€47,622 | +4.0% |
| Equity | 10/15 | €1,131,231 | €1,101,121 | -€30,110 | -2.7% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Contributions outside capital | 11 | €700,000 | €700,000 | = | 0.0% |
| Other | 1109/19 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €431,231 | €401,121 | -€30,110 | -7.0% |
| Distributable reserves | 133 | €431,231 | €401,121 | -€30,110 | -7.0% |
| Amounts payable | 17/49 | €59,899 | €137,632 | +€77,733 | +130% |
| Amounts payable within one year | 42/48 | €57,129 | €137,632 | +€80,503 | +141% |
| Trade debts | 44 | €968 | €998 | +€31 | +3.2% |
| Suppliers | 440/4 | €968 | €998 | +€31 | +3.2% |
| Other amounts payable | 47/48 | €56,162 | €136,634 | +€80,472 | +143% |
| Accrued charges and deferred income | 492/3 | €2,770 | - | -€2,770 | |
| Remuneration, social security and pensions | 62 | €130 | - | -€130 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,102 | €26,102 | = | 0.0% |
| Other operating charges | 640/8 | €5,285 | €9,393 | +€4,109 | +77.7% |
| Gross operating margin | 9900 | €55,515 | €69,927 | +€14,412 | +26.0% |
| Operating profit (loss) | 9901 | €23,999 | €34,432 | +€10,433 | +43.5% |
| Financial income | 75/76B | €19,816 | €81,425 | +€61,609 | +311% |
| Recurring financial income | 75 | €19,816 | €81,425 | +€61,609 | +311% |
| Financial charges | 65/66B | -€59,685 | €5,134 | +€64,819 | |
| Recurring financial charges | 65 | -€59,685 | €5,134 | +€64,819 | |
| Profit (loss) for the period before taxes | 9903 | €103,500 | €110,723 | +€7,223 | +7.0% |
| Income taxes | 67/77 | €14,149 | €28,118 | +€13,969 | +98.7% |
| Profit (loss) for the period | 9904 | €89,351 | €82,605 | -€6,746 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €89,351 | €82,605 | -€6,746 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.