MCER: 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.
MCER
Largest movements
- Cash -€12,705
down €12,705 (-38.9%), from €32,649 to €19,944
mainly Net result for the year (-€11,557) and Trade debts (-€638)
- Profit (loss) carried forward -€11,557
down €11,557 (-19.3%), from -€59,843 to -€71,400
- Financial charges +€3,407
up €3,407 (+48.6%), from €7,013 to €10,420
- Purchases and services +€957
new in 2025: €957
- Gross operating margin +€30
up €30 (+3.8%), from -€780 to -€750
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 | €84,090 | €71,895 | -€12,195 | -14.5% |
| Current assets | 29/58 | €84,090 | €71,895 | -€12,195 | -14.5% |
| Stocks and contracts in progress | 3 | €44,158 | €44,158 | = | 0.0% |
| Stocks | 30/36 | €44,158 | €44,158 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,732 | €7,242 | +€510 | +7.6% |
| Trade receivables | 40 | €1,260 | €1,260 | = | 0.0% |
| Other amounts receivable | 41 | €5,472 | €5,982 | +€510 | +9.3% |
| Cash at bank and in hand | 54/58 | €32,649 | €19,944 | -€12,705 | -38.9% |
| Deferred charges and accrued income | 490/1 | €551 | €551 | = | 0.0% |
| Total equity and liabilities | 10/49 | €84,090 | €71,895 | -€12,195 | -14.5% |
| Equity | 10/15 | -€41,243 | -€52,800 | -€11,557 | -28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,843 | -€71,400 | -€11,557 | -19.3% |
| Amounts payable | 17/49 | €125,333 | €124,695 | -€638 | -0.5% |
| Amounts payable after more than one year | 17 | €68,100 | €68,100 | = | 0.0% |
| Financial debts | 170/4 | €68,100 | €68,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €57,117 | €56,479 | -€638 | -1.1% |
| Financial debts | 43 | €49,000 | €49,000 | = | 0.0% |
| Credit institutions | 430/8 | €49,000 | €49,000 | = | 0.0% |
| Trade debts | 44 | €5,317 | €4,679 | -€638 | -12.0% |
| Suppliers | 440/4 | €5,317 | €4,679 | -€638 | -12.0% |
| Other amounts payable | 47/48 | €2,800 | €2,800 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €116 | €116 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €957 | +€957 | |
| Other operating charges | 640/8 | €385 | €387 | +€2 | +0.5% |
| Gross operating margin | 9900 | -€780 | -€750 | +€30 | +3.8% |
| Operating profit (loss) | 9901 | -€1,165 | -€1,137 | +€28 | +2.4% |
| Financial charges | 65/66B | €7,013 | €10,420 | +€3,407 | +48.6% |
| Recurring financial charges | 65 | €7,013 | €10,420 | +€3,407 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,178 | -€11,557 | -€3,379 | -41.3% |
| Profit (loss) for the period | 9904 | -€8,178 | -€11,557 | -€3,379 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,178 | -€11,557 | -€3,379 | -41.3% |
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 10 October 2026 via checked.be.