MCL REAL ESTATE: what changed
What changed
MCL REAL ESTATE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€468,926
2024 · -€698,695+€229,770
Equity
-€10.5m
2024 · -€10.1m-€468,926
Cash
€10,395
2024 · €8,866+€1,528
Balance sheet total
€8.7m
2024 · €9.0m-€281,636
Largest movements
Assets
- Tangible fixed assets -€298,575
down €298,575 (-3.3%), from €9.0m to €8.7m
of which Plant, machinery and equipment: -€702,739
Equity and liabilities
- Profit (loss) carried forward -€468,926
down €468,926 (-4.6%), from -€10.1m to -€10.6m
- Debts after one year +€202,677
up €202,677 (+1.1%), from €18.3m to €18.5m
of which Financial debts: +€197,427
- Current portion of long-term debt -€123,056
down €123,056 (-18.9%), from €650,767 to €527,711
- Trade debts +€112,177
up €112,177 (+187%), from €59,941 to €172,119
Income statement
- Depreciation -€234,615
down €234,615 (-17.5%), from €1.3m to €1.1m
- Financial charges -€21,266
down €21,266 (-22.2%), from €95,718 to €74,451
- Other operating charges +€13,113
up €13,113 (+8.9%), from €147,466 to €160,579
- Gross operating margin -€11,619
down €11,619 (-1.2%), from €950,352 to €938,733
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€698,695
Gross operating margin
-€11,619
Staff costs
-€1,158
Depreciation
+€234,615
Other operating charges
-€13,113
Financial income
-€221
Financial charges
+€21,266
Result 2025
-€468,926
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€750,508
Investment
-€810,717
Financing
+€61,737
Cash 2024
€8,866
From operations (derived)
+€750,508
Net result for the year
-€468,926
Depreciation
+€1.1m
Receivables within one year
-€15,411
Trade debts
+€112,177
Tax, wage and social debts
+€5,212
Advances received
+€8,164
Investment (derived)
-€810,717
Investment in fixed assets (net)
-€810,717
Financing
+€61,737
Debts after one year
+€202,677
Current portion of long-term debt
-€123,056
Short-term financial debts
-€17,884
Cash 2025
€10,395
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,001,749 | €8,720,113 | -€281,636 | -3.1% |
| Fixed assets | 21/28 | €8,958,227 | €8,659,652 | -€298,575 | -3.3% |
| Tangible fixed assets | 22/27 | €8,957,846 | €8,659,271 | -€298,575 | -3.3% |
| Land and buildings | 22 | €6,119,105 | €6,527,294 | +€408,188 | +6.7% |
| Plant, machinery and equipment | 23 | €2,371,582 | €1,668,843 | -€702,739 | -29.6% |
| Furniture and vehicles | 24 | €12,073 | €8,049 | -€4,024 | -33.3% |
| Other tangible fixed assets | 26 | €455,087 | €455,087 | = | 0.0% |
| Financial fixed assets | 28 | €381 | €381 | = | 0.0% |
| Current assets | 29/58 | €43,522 | €60,461 | +€16,939 | +38.9% |
| Amounts receivable within one year | 40/41 | €34,655 | €50,066 | +€15,411 | +44.5% |
| Trade receivables | 40 | €34,655 | €35,418 | +€763 | +2.2% |
| Other amounts receivable | 41 | - | €14,647 | +€14,647 | |
| Cash at bank and in hand | 54/58 | €8,866 | €10,395 | +€1,528 | +17.2% |
| Total equity and liabilities | 10/49 | €9,001,749 | €8,720,113 | -€281,636 | -3.1% |
| Equity | 10/15 | -€10,076,388 | -€10,545,314 | -€468,926 | -4.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,147,888 | -€10,616,814 | -€468,926 | -4.6% |
| Amounts payable | 17/49 | €19,078,137 | €19,265,427 | +€187,290 | +1.0% |
| Amounts payable after more than one year | 17 | €18,271,626 | €18,474,303 | +€202,677 | +1.1% |
| Financial debts | 170/4 | €18,264,634 | €18,462,061 | +€197,427 | +1.1% |
| Other amounts payable | 178/9 | €6,992 | €12,242 | +€5,250 | +75.1% |
| Amounts payable within one year | 42/48 | €806,512 | €791,124 | -€15,387 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €650,767 | €527,711 | -€123,056 | -18.9% |
| Financial debts | 43 | €30,536 | €12,652 | -€17,884 | -58.6% |
| Credit institutions | 430/8 | €30,536 | €12,652 | -€17,884 | -58.6% |
| Trade debts | 44 | €59,941 | €172,119 | +€112,177 | +187% |
| Suppliers | 440/4 | €59,941 | €172,119 | +€112,177 | +187% |
| Advances received on contracts in progress | 46 | €6,592 | €14,756 | +€8,164 | +124% |
| Taxes, remuneration and social security | 45 | €58,675 | €63,886 | +€5,212 | +8.9% |
| Taxes | 450/3 | €53,911 | €56,113 | +€2,202 | +4.1% |
| Remuneration and social security | 454/9 | €4,764 | €7,773 | +€3,009 | +63.2% |
| Remuneration, social security and pensions | 62 | €62,178 | €63,337 | +€1,158 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,343,907 | €1,109,292 | -€234,615 | -17.5% |
| Other operating charges | 640/8 | €147,466 | €160,579 | +€13,113 | +8.9% |
| Gross operating margin | 9900 | €950,352 | €938,733 | -€11,619 | -1.2% |
| Operating profit (loss) | 9901 | -€603,199 | -€394,475 | +€208,725 | +34.6% |
| Financial income | 75/76B | €221 | €0 | -€221 | -100.0% |
| Recurring financial income | 75 | €221 | €0 | -€221 | -100.0% |
| Financial charges | 65/66B | €95,718 | €74,451 | -€21,266 | -22.2% |
| Recurring financial charges | 65 | €95,718 | €74,451 | -€21,266 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€698,695 | -€468,926 | +€229,770 | +32.9% |
| Profit (loss) for the period | 9904 | -€698,695 | -€468,926 | +€229,770 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€698,695 | -€468,926 | +€229,770 | +32.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.