MCL: 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.
MCL
Largest movements
- Receivables after one year -€130,000
no longer reported in 2025 (was €130,000)
- Financial fixed assets +€103,000
up €103,000 (+9.9%), from €1.0m to €1.1m
- Cash +€17,038
up €17,038 (+151%), from €11,281 to €28,319
mainly Debts after one year (+€277,000) and Receivables after one year (+€130,000)
- Debts after one year +€277,000
up €277,000 (+22.7%), from €1.2m to €1.5m
- Other debts -€210,442
down €210,442 (-96.1%), from €218,958 to €8,516
- Profit (loss) carried forward -€72,798
down €72,798 (-29.5%), from -€247,140 to -€319,938
- Financial charges +€51,673
up €51,673 (+2,968%), from €1,741 to €53,414
of which Non-recurring financial charges: +€52,000
- Gross operating margin +€42,372
up €42,372, from -€15,043 to €27,329
- Write-downs +€9,322
new in 2025: €9,322
- Depreciation +€417
up €417 (+30.5%), from €1,367 to €1,784
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 | €1,231,109 | €1,230,139 | -€970 | -0.1% |
| Fixed assets | 21/28 | €1,045,595 | €1,151,647 | +€106,052 | +10.1% |
| Tangible fixed assets | 22/27 | €3,095 | €6,147 | +€3,052 | +98.6% |
| Plant, machinery and equipment | 23 | €1,701 | €2,087 | +€386 | +22.7% |
| Furniture and vehicles | 24 | €1,394 | €4,060 | +€2,666 | +191% |
| Financial fixed assets | 28 | €1,042,500 | €1,145,500 | +€103,000 | +9.9% |
| Current assets | 29/58 | €185,514 | €78,492 | -€107,022 | -57.7% |
| Amounts receivable after more than one year | 29 | €130,000 | - | -€130,000 | |
| Other amounts receivable | 291 | €130,000 | - | -€130,000 | |
| Amounts receivable within one year | 40/41 | €40,269 | €46,378 | +€6,109 | +15.2% |
| Trade receivables | 40 | €40,235 | €44,420 | +€4,185 | +10.4% |
| Other amounts receivable | 41 | €34 | €1,958 | +€1,924 | +5,659% |
| Cash at bank and in hand | 54/58 | €11,281 | €28,319 | +€17,038 | +151% |
| Deferred charges and accrued income | 490/1 | €3,964 | €3,795 | -€169 | -4.3% |
| Total equity and liabilities | 10/49 | €1,231,109 | €1,230,139 | -€970 | -0.1% |
| Equity | 10/15 | -€226,735 | -€299,533 | -€72,798 | -32.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€247,140 | -€319,938 | -€72,798 | -29.5% |
| Amounts payable | 17/49 | €1,457,844 | €1,529,672 | +€71,828 | +4.9% |
| Amounts payable after more than one year | 17 | €1,222,000 | €1,499,000 | +€277,000 | +22.7% |
| Other amounts payable | 178/9 | €1,222,000 | €1,499,000 | +€277,000 | +22.7% |
| Amounts payable within one year | 42/48 | €234,500 | €26,528 | -€207,972 | -88.7% |
| Trade debts | 44 | €2,370 | €2,367 | -€3 | -0.1% |
| Suppliers | 440/4 | €2,370 | €2,367 | -€3 | -0.1% |
| Taxes, remuneration and social security | 45 | €13,172 | €15,645 | +€2,473 | +18.8% |
| Taxes | 450/3 | €1,279 | €1,517 | +€238 | +18.6% |
| Remuneration and social security | 454/9 | €11,893 | €14,128 | +€2,235 | +18.8% |
| Other amounts payable | 47/48 | €218,958 | €8,516 | -€210,442 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,344 | €4,144 | +€2,800 | +208% |
| Non-recurring operating income | 76A | - | €15,465 | +€15,465 | |
| Remuneration, social security and pensions | 62 | €33,462 | €33,553 | +€91 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,367 | €1,784 | +€417 | +30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,322 | +€9,322 | |
| Other operating charges | 640/8 | €2,347 | €2,102 | -€245 | -10.4% |
| Gross operating margin | 9900 | -€15,043 | €27,329 | +€42,372 | |
| Operating profit (loss) | 9901 | -€52,219 | -€19,432 | +€32,787 | +62.8% |
| Financial income | 75/76B | - | €48 | +€48 | |
| Recurring financial income | 75 | - | €48 | +€48 | |
| Financial charges | 65/66B | €1,741 | €53,414 | +€51,673 | +2,968% |
| Recurring financial charges | 65 | €1,741 | €1,414 | -€327 | -18.8% |
| Non-recurring financial charges | 66B | - | €52,000 | +€52,000 | |
| Profit (loss) for the period before taxes | 9903 | -€53,960 | -€72,798 | -€18,838 | -34.9% |
| Profit (loss) for the period | 9904 | -€53,960 | -€72,798 | -€18,838 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,960 | -€72,798 | -€18,838 | -34.9% |
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 31 October 2026 via checked.be.