MCG & Co: 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 & Co
Largest movements
- Receivables within one year +€45,496
up €45,496 (+134%), from €33,848 to €79,344
of which Other amounts receivable: +€47,800
- Receivables after one year -€6,861
down €6,861 (-14.4%), from €47,667 to €40,806
- Tangible fixed assets -€5,636
down €5,636 (-26.0%), from €21,661 to €16,025
of which Furniture and vehicles: -€4,383
- Reserves +€19,520
up €19,520 (+37.2%), from €52,409 to €71,929
- Trade debts +€13,560
up €13,560 (+189%), from €7,158 to €20,718
- Debts after one year -€4,801
down €4,801 (-74.3%), from €6,463 to €1,662
- Short-term financial debts +€3,520
up €3,520 (+30.8%), from €11,416 to €14,936
of which Credit institutions: +€3,520
- Tax, wage and social debts +€1,940
up €1,940 (+32.9%), from €5,889 to €7,830
- Gross operating margin +€20,873
up €20,873 (+98.2%), from €21,264 to €42,136
- Taxes +€9,216
up €9,216 (+206%), from €4,466 to €13,681
- Financial charges +€950
up €950 (+25.2%), from €3,773 to €4,723
- Financial income +€815
up €815 (+36.9%), from €2,205 to €3,020
- Other operating charges +€437
up €437 (+37.7%), from €1,159 to €1,596
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 | €108,030 | €141,776 | +€33,746 | +31.2% |
| Fixed assets | 21/28 | €21,661 | €16,025 | -€5,636 | -26.0% |
| Tangible fixed assets | 22/27 | €21,661 | €16,025 | -€5,636 | -26.0% |
| Plant, machinery and equipment | 23 | €7,801 | €6,548 | -€1,253 | -16.1% |
| Furniture and vehicles | 24 | €13,860 | €9,476 | -€4,383 | -31.6% |
| Current assets | 29/58 | €86,369 | €125,751 | +€39,382 | +45.6% |
| Amounts receivable after more than one year | 29 | €47,667 | €40,806 | -€6,861 | -14.4% |
| Other amounts receivable | 291 | €47,667 | €40,806 | -€6,861 | -14.4% |
| Stocks and contracts in progress | 3 | €1,900 | €2,100 | +€200 | +10.5% |
| Stocks | 30/36 | €1,900 | €2,100 | +€200 | +10.5% |
| Amounts receivable within one year | 40/41 | €33,848 | €79,344 | +€45,496 | +134% |
| Trade receivables | 40 | €10,004 | €7,700 | -€2,305 | -23.0% |
| Other amounts receivable | 41 | €23,844 | €71,644 | +€47,800 | +200% |
| Cash at bank and in hand | 54/58 | €280 | €0 | -€280 | -100% |
| Deferred charges and accrued income | 490/1 | €2,674 | €3,502 | +€828 | +30.9% |
| Total equity and liabilities | 10/49 | €108,030 | €141,776 | +€33,746 | +31.2% |
| Equity | 10/15 | €64,809 | €84,329 | +€19,520 | +30.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €52,409 | €71,929 | +€19,520 | +37.2% |
| Distributable reserves | 133 | €52,409 | €71,929 | +€19,520 | +37.2% |
| Amounts payable | 17/49 | €43,222 | €57,447 | +€14,226 | +32.9% |
| Amounts payable after more than one year | 17 | €6,463 | €1,662 | -€4,801 | -74.3% |
| Financial debts | 170/4 | €6,463 | €1,662 | -€4,801 | -74.3% |
| Amounts payable within one year | 42/48 | €36,498 | €55,785 | +€19,287 | +52.8% |
| Current portion of amounts payable after more than one year | 42 | €12,034 | €12,301 | +€267 | +2.2% |
| Financial debts | 43 | €11,416 | €14,936 | +€3,520 | +30.8% |
| Credit institutions | 430/8 | €11,416 | €14,936 | +€3,520 | +30.8% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €7,158 | €20,718 | +€13,560 | +189% |
| Suppliers | 440/4 | €7,158 | €20,718 | +€13,560 | +189% |
| Taxes, remuneration and social security | 45 | €5,889 | €7,830 | +€1,940 | +32.9% |
| Taxes | 450/3 | €5,889 | €7,830 | +€1,940 | +32.9% |
| Accrued charges and deferred income | 492/3 | €260 | €0 | -€260 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,765 | €5,636 | -€129 | -2.2% |
| Other operating charges | 640/8 | €1,159 | €1,596 | +€437 | +37.7% |
| Gross operating margin | 9900 | €21,264 | €42,136 | +€20,873 | +98.2% |
| Operating profit (loss) | 9901 | €14,340 | €34,904 | +€20,564 | +143% |
| Financial income | 75/76B | €2,205 | €3,020 | +€815 | +36.9% |
| Recurring financial income | 75 | €2,205 | €3,020 | +€815 | +36.9% |
| Financial charges | 65/66B | €3,773 | €4,723 | +€950 | +25.2% |
| Recurring financial charges | 65 | €3,773 | €4,723 | +€950 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €12,772 | €33,201 | +€20,430 | +160% |
| Income taxes | 67/77 | €4,466 | €13,681 | +€9,216 | +206% |
| Profit (loss) for the period | 9904 | €8,306 | €19,520 | +€11,214 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €8,306 | €19,520 | +€11,214 | +135% |
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 19 October 2026 via checked.be.