MCL PANDIN: 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 PANDIN
Largest movements
- Receivables within one year -€19,751
down €19,751 (-8.8%), from €224,554 to €204,803
- Cash -€18,212
down €18,212 (-79.2%), from €23,006 to €4,794
mainly Net result for the year (-€33,597) and Debts after one year (-€11,964)
- Tangible fixed assets -€10,046
down €10,046 (-3.2%), from €314,410 to €304,364
of which Land and buildings: -€9,524
- Profit (loss) carried forward -€33,597
down €33,597 (-16.9%), from €199,068 to €165,471
- Debts after one year -€11,964
down €11,964 (-4.3%), from €276,248 to €264,284
- Gross operating margin -€34,169
down €34,169, from €13,293 to -€20,876
- Taxes +€3,840
no longer reported in 2025 (was -€3,840)
- Financial income +€423
up €423 (+529%), from €80 to €503
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 | €561,970 | €513,961 | -€48,009 | -8.5% |
| Fixed assets | 21/28 | €314,410 | €304,364 | -€10,046 | -3.2% |
| Tangible fixed assets | 22/27 | €314,410 | €304,364 | -€10,046 | -3.2% |
| Land and buildings | 22 | €308,965 | €299,441 | -€9,524 | -3.1% |
| Plant, machinery and equipment | 23 | €5,445 | €4,923 | -€522 | -9.6% |
| Current assets | 29/58 | €247,560 | €209,597 | -€37,963 | -15.3% |
| Amounts receivable within one year | 40/41 | €224,554 | €204,803 | -€19,751 | -8.8% |
| Other amounts receivable | 41 | €224,554 | €204,803 | -€19,751 | -8.8% |
| Cash at bank and in hand | 54/58 | €23,006 | €4,794 | -€18,212 | -79.2% |
| Total equity and liabilities | 10/49 | €561,970 | €513,961 | -€48,009 | -8.5% |
| Equity | 10/15 | €267,818 | €234,221 | -€33,597 | -12.5% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €6,250 | €6,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,250 | €6,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,068 | €165,471 | -€33,597 | -16.9% |
| Amounts payable | 17/49 | €294,152 | €279,740 | -€14,412 | -4.9% |
| Amounts payable after more than one year | 17 | €276,248 | €264,284 | -€11,964 | -4.3% |
| Financial debts | 170/4 | €276,248 | €264,284 | -€11,964 | -4.3% |
| Amounts payable within one year | 42/48 | €17,904 | €15,456 | -€2,448 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €15,076 | €14,131 | -€945 | -6.3% |
| Trade debts | 44 | €2,828 | €1,325 | -€1,503 | -53.1% |
| Suppliers | 440/4 | €2,828 | €1,325 | -€1,503 | -53.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,612 | €10,675 | +€63 | +0.6% |
| Other operating charges | 640/8 | €85 | - | -€85 | |
| Gross operating margin | 9900 | €13,293 | -€20,876 | -€34,169 | |
| Operating profit (loss) | 9901 | €2,596 | -€31,551 | -€34,147 | |
| Financial income | 75/76B | €80 | €503 | +€423 | +529% |
| Recurring financial income | 75 | €80 | €503 | +€423 | +529% |
| Financial charges | 65/66B | €2,601 | €2,549 | -€52 | -2.0% |
| Recurring financial charges | 65 | €2,601 | €2,549 | -€52 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €75 | -€33,597 | -€33,672 | |
| Income taxes | 67/77 | -€3,840 | - | +€3,840 | |
| Profit (loss) for the period | 9904 | €3,915 | -€33,597 | -€37,512 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,915 | -€33,597 | -€37,512 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.