MCL: 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.
MCL
Largest movements
- Current investments +€99,992
new in 2025: €99,992
- Cash +€46,947
up €46,947 (+45.6%), from €102,918 to €149,865
mainly Net result for the year (+€125,184) and Tax, wage and social debts (+€53,156)
- Receivables within one year +€26,354
up €26,354 (+73.9%), from €35,659 to €62,013
of which Trade receivables: +€26,354
- Tangible fixed assets +€4,785
new in 2025: €4,785
- Reserves +€124,000
up €124,000 (+139.2%), from €89,091 to €213,091
- Tax, wage and social debts +€53,156
up €53,156 (+116.1%), from €45,783 to €98,939
- Gross operating margin +€56,628
up €56,628 (+45.0%), from €125,916 to €182,545
- Taxes +€16,581
up €16,581 (+46.2%), from €35,926 to €52,507
- Staff costs +€3,628
new in 2025: €3,628
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 | €139,577 | €317,655 | +€178,078 | +127.6% |
| Fixed assets | 21/28 | €1,000 | €5,785 | +€4,785 | +478.5% |
| Tangible fixed assets | 22/27 | - | €4,785 | +€4,785 | |
| Furniture and vehicles | 24 | - | €4,785 | +€4,785 | |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €138,577 | €311,869 | +€173,292 | +125.1% |
| Amounts receivable within one year | 40/41 | €35,659 | €62,013 | +€26,354 | +73.9% |
| Trade receivables | 40 | €35,659 | €62,013 | +€26,354 | +73.9% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Current investments | 50/53 | - | €99,992 | +€99,992 | |
| Cash at bank and in hand | 54/58 | €102,918 | €149,865 | +€46,947 | +45.6% |
| Total equity and liabilities | 10/49 | €139,577 | €317,655 | +€178,078 | +127.6% |
| Equity | 10/15 | €91,815 | €216,999 | +€125,184 | +136.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €89,091 | €213,091 | +€124,000 | +139.2% |
| Distributable reserves | 133 | €89,091 | €213,091 | +€124,000 | +139.2% |
| Profit (loss) carried forward | 14 | €724 | €1,908 | +€1,184 | +163.6% |
| Amounts payable | 17/49 | €47,762 | €100,656 | +€52,894 | +110.7% |
| Amounts payable within one year | 42/48 | €47,762 | €100,656 | +€52,894 | +110.7% |
| Trade debts | 44 | €1,979 | €1,154 | -€825 | -41.7% |
| Suppliers | 440/4 | €1,979 | €1,154 | -€825 | -41.7% |
| Taxes, remuneration and social security | 45 | €45,783 | €98,939 | +€53,156 | +116.1% |
| Taxes | 450/3 | €45,783 | €98,939 | +€53,156 | +116.1% |
| Other amounts payable | 47/48 | - | €563 | +€563 | |
| Remuneration, social security and pensions | 62 | - | €3,628 | +€3,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €929 | +€929 | |
| Other operating charges | 640/8 | €120 | €247 | +€127 | +105.4% |
| Gross operating margin | 9900 | €125,916 | €182,545 | +€56,628 | +45.0% |
| Operating profit (loss) | 9901 | €125,796 | €177,741 | +€51,945 | +41.3% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €55 | €54 | -€1 | -1.8% |
| Recurring financial charges | 65 | €55 | €54 | -€1 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €125,741 | €177,692 | +€51,951 | +41.3% |
| Income taxes | 67/77 | €35,926 | €52,507 | +€16,581 | +46.2% |
| Profit (loss) for the period | 9904 | €89,815 | €125,184 | +€35,369 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,815 | €125,184 | +€35,369 | +39.4% |
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 9 October 2026 via checked.be.