MCIM: what changed
Two fiscal 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.
MCIM
Largest movements
- Cash -€28,047
down €28,047 (-89.1%), from €31,463 to €3,416
mainly Receivables within one year (-€19,951) and Net result for the year (-€12,218)
- Receivables within one year +€19,951
up €19,951 (+52.3%), from €38,129 to €58,080
of which Other amounts receivable: +€18,625
- Tangible fixed assets -€15,214
down €15,214 (-70.2%), from €21,670 to €6,456
of which Furniture and vehicles: -€14,211
- Deferred charges and accrued income +€10,836
up €10,836 (+89038.9%), from €12 to €10,848
- Profit (loss) carried forward -€12,218
down €12,218 (-17.7%), from €68,849 to €56,631
- Tax, wage and social debts -€8,554
down €8,554 (-45.5%), from €18,815 to €10,261
- Trade debts +€8,299
up €8,299 (+515.5%), from €1,610 to €9,908
- Gross operating margin -€60,037
down €60,037, from €51,888 to -€8,149
- Taxes -€14,170
down €14,170 (-96.5%), from €14,690 to €520
- Financial charges +€952
up €952 (+98.9%), from €963 to €1,915
- Financial income +€942
up €942 (+75.9%), from €1,241 to €2,183
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 | €91,274 | €78,801 | -€12,473 | -13.7% |
| Fixed assets | 21/28 | €21,670 | €6,456 | -€15,214 | -70.2% |
| Tangible fixed assets | 22/27 | €21,670 | €6,456 | -€15,214 | -70.2% |
| Plant, machinery and equipment | 23 | €1,093 | €699 | -€394 | -36.1% |
| Furniture and vehicles | 24 | €16,208 | €1,997 | -€14,211 | -87.7% |
| Other tangible fixed assets | 26 | €4,369 | €3,760 | -€609 | -13.9% |
| Current assets | 29/58 | €69,604 | €72,345 | +€2,741 | +3.9% |
| Amounts receivable within one year | 40/41 | €38,129 | €58,080 | +€19,951 | +52.3% |
| Trade receivables | 40 | €5,796 | €7,122 | +€1,327 | +22.9% |
| Other amounts receivable | 41 | €32,333 | €50,958 | +€18,625 | +57.6% |
| Cash at bank and in hand | 54/58 | €31,463 | €3,416 | -€28,047 | -89.1% |
| Deferred charges and accrued income | 490/1 | €12 | €10,848 | +€10,836 | +89038.9% |
| Total equity and liabilities | 10/49 | €91,274 | €78,801 | -€12,473 | -13.7% |
| Equity | 10/15 | €70,849 | €58,631 | -€12,218 | -17.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,849 | €56,631 | -€12,218 | -17.7% |
| Amounts payable | 17/49 | €20,425 | €20,170 | -€255 | -1.2% |
| Amounts payable within one year | 42/48 | €20,425 | €20,170 | -€255 | -1.2% |
| Trade debts | 44 | €1,610 | €9,908 | +€8,299 | +515.5% |
| Suppliers | 440/4 | €1,610 | €9,908 | +€8,299 | +515.5% |
| Taxes, remuneration and social security | 45 | €18,815 | €10,261 | -€8,554 | -45.5% |
| Taxes | 450/3 | €18,815 | €10,261 | -€8,554 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539 | €1,829 | +€290 | +18.8% |
| Other operating charges | 640/8 | €998 | €1,000 | +€1 | +0.1% |
| Non-recurring operating charges | 66A | - | €988 | +€988 | |
| Gross operating margin | 9900 | €51,888 | -€8,149 | -€60,037 | |
| Operating profit (loss) | 9901 | €49,350 | -€11,966 | -€61,316 | |
| Financial income | 75/76B | €1,241 | €2,183 | +€942 | +75.9% |
| Recurring financial income | 75 | €1,241 | €2,183 | +€942 | +75.9% |
| Financial charges | 65/66B | €963 | €1,915 | +€952 | +98.9% |
| Recurring financial charges | 65 | €963 | €1,915 | +€952 | +98.9% |
| Profit (loss) for the period before taxes | 9903 | €49,628 | -€11,698 | -€61,326 | |
| Income taxes | 67/77 | €14,690 | €520 | -€14,170 | -96.5% |
| Profit (loss) for the period | 9904 | €34,938 | -€12,218 | -€47,156 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,938 | -€12,218 | -€47,156 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.