MCG: 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.
MCG
Largest movements
- Receivables within one year -€7,207
down €7,207 (-32.5%), from €22,165 to €14,958
of which Trade receivables: -€7,333
- Cash -€2,087
down €2,087 (-35.9%), from €5,808 to €3,721
mainly Net result for the year (-€7,596) and Deferred charges and accrued income (-€2,000)
- Deferred charges and accrued income +€2,000
new in 2023: €2,000
- Profit (loss) carried forward -€7,596
down €7,596, from €1,359 to -€6,238
- Tax, wage and social debts +€573
up €573 (+7.5%), from €7,628 to €8,201
of which Remuneration and social security: +€319
- Write-downs +€5,524
up €5,524 (+230.9%), from €2,393 to €7,917
- Gross operating margin +€3,347
up €3,347 (+12.0%), from €28,000 to €31,347
- Financial income -€1,709
no longer reported in 2023 (was €1,709)
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €27,973 | €20,679 | -€7,294 | -26.1% |
| Current assets | 29/58 | €27,973 | €20,679 | -€7,294 | -26.1% |
| Amounts receivable within one year | 40/41 | €22,165 | €14,958 | -€7,207 | -32.5% |
| Trade receivables | 40 | €15,625 | €8,292 | -€7,333 | -46.9% |
| Other amounts receivable | 41 | €6,540 | €6,666 | +€125 | +1.9% |
| Cash at bank and in hand | 54/58 | €5,808 | €3,721 | -€2,087 | -35.9% |
| Deferred charges and accrued income | 490/1 | - | €2,000 | +€2,000 | |
| Total equity and liabilities | 10/49 | €27,973 | €20,679 | -€7,294 | -26.1% |
| Equity | 10/15 | €19,951 | €12,354 | -€7,596 | -38.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Profit (loss) carried forward | 14 | €1,359 | -€6,238 | -€7,596 | |
| Amounts payable | 17/49 | €8,022 | €8,324 | +€302 | +3.8% |
| Amounts payable within one year | 42/48 | €8,022 | €8,324 | +€302 | +3.8% |
| Trade debts | 44 | €394 | €123 | -€271 | -68.7% |
| Suppliers | 440/4 | €394 | €123 | -€271 | -68.7% |
| Taxes, remuneration and social security | 45 | €7,628 | €8,201 | +€573 | +7.5% |
| Taxes | 450/3 | €1,670 | €1,924 | +€254 | +15.2% |
| Remuneration and social security | 454/9 | €5,958 | €6,276 | +€319 | +5.3% |
| Remuneration, social security and pensions | 62 | €30,829 | €30,926 | +€97 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,393 | €7,917 | +€5,524 | +230.9% |
| Other operating charges | 640/8 | - | €64 | +€64 | |
| Gross operating margin | 9900 | €28,000 | €31,347 | +€3,347 | +12.0% |
| Operating profit (loss) | 9901 | -€5,221 | -€7,559 | -€2,337 | -44.8% |
| Financial income | 75/76B | €1,709 | - | -€1,709 | |
| Recurring financial income | 75 | €1,709 | - | -€1,709 | |
| Financial charges | 65/66B | - | €37 | +€37 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Profit (loss) for the period before taxes | 9903 | -€3,512 | -€7,596 | -€4,084 | -116.3% |
| Profit (loss) for the period | 9904 | -€3,512 | -€7,596 | -€4,084 | -116.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,512 | -€7,596 | -€4,084 | -116.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.