MCLT: 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.
MCLT
Largest movements
- Receivables within one year +€94,067
up €94,067 (+138.9%), from €67,705 to €161,771
of which Other amounts receivable: +€108,263
- Cash -€36,233
down €36,233 (-53.6%), from €67,646 to €31,413
mainly Receivables within one year (-€94,067) and Investment in fixed assets (net) (-€31,781)
- Intangible fixed assets -€35,915
down €35,915 (-14.4%), from €249,278 to €213,363
- Tangible fixed assets -€5,859
down €5,859 (-3.9%), from €150,269 to €144,410
of which Plant, machinery and equipment: -€11,058
- Profit (loss) carried forward +€45,640
up €45,640 (+14.9%), from €307,276 to €352,916
- Debts after one year -€27,544
down €27,544 (-35.5%), from €77,514 to €49,970
- Other debts -€14,872
down €14,872 (-59.5%), from €25,000 to €10,128
- Gross operating margin -€92,288
down €92,288 (-11.4%), from €809,867 to €717,579
- Taxes -€18,834
down €18,834 (-59.1%), from €31,875 to €13,041
- Staff costs +€16,489
up €16,489 (+3.0%), from €556,713 to €573,202
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 | €550,860 | €562,145 | +€11,285 | +2.0% |
| Fixed assets | 21/28 | €399,853 | €358,079 | -€41,774 | -10.4% |
| Intangible fixed assets | 21 | €249,278 | €213,363 | -€35,915 | -14.4% |
| Tangible fixed assets | 22/27 | €150,269 | €144,410 | -€5,859 | -3.9% |
| Plant, machinery and equipment | 23 | €135,133 | €124,075 | -€11,058 | -8.2% |
| Furniture and vehicles | 24 | €15,136 | €20,335 | +€5,200 | +34.4% |
| Financial fixed assets | 28 | €305 | €305 | = | 0.0% |
| Current assets | 29/58 | €151,007 | €204,066 | +€53,059 | +35.1% |
| Stocks and contracts in progress | 3 | €11,423 | €8,691 | -€2,732 | -23.9% |
| Stocks | 30/36 | €11,423 | €8,691 | -€2,732 | -23.9% |
| Amounts receivable within one year | 40/41 | €67,705 | €161,771 | +€94,067 | +138.9% |
| Trade receivables | 40 | €18,544 | €4,348 | -€14,196 | -76.6% |
| Other amounts receivable | 41 | €49,161 | €157,423 | +€108,263 | +220.2% |
| Cash at bank and in hand | 54/58 | €67,646 | €31,413 | -€36,233 | -53.6% |
| Deferred charges and accrued income | 490/1 | €4,233 | €2,191 | -€2,042 | -48.2% |
| Total equity and liabilities | 10/49 | €550,860 | €562,145 | +€11,285 | +2.0% |
| Equity | 10/15 | €317,276 | €362,916 | +€45,640 | +14.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €307,276 | €352,916 | +€45,640 | +14.9% |
| Amounts payable | 17/49 | €233,584 | €199,229 | -€34,355 | -14.7% |
| Amounts payable after more than one year | 17 | €77,514 | €49,970 | -€27,544 | -35.5% |
| Financial debts | 170/4 | €77,514 | €49,970 | -€27,544 | -35.5% |
| Amounts payable within one year | 42/48 | €156,070 | €149,259 | -€6,811 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €34,647 | €35,771 | +€1,124 | +3.2% |
| Trade debts | 44 | €40,396 | €42,035 | +€1,638 | +4.1% |
| Suppliers | 440/4 | €40,396 | €42,035 | +€1,638 | +4.1% |
| Taxes, remuneration and social security | 45 | €56,027 | €61,326 | +€5,299 | +9.5% |
| Taxes | 450/3 | €2,095 | €4,567 | +€2,472 | +118.0% |
| Remuneration and social security | 454/9 | €53,932 | €56,759 | +€2,827 | +5.2% |
| Other amounts payable | 47/48 | €25,000 | €10,128 | -€14,872 | -59.5% |
| Non-recurring operating income | 76A | - | €4,088 | +€4,088 | |
| Remuneration, social security and pensions | 62 | €556,713 | €573,202 | +€16,489 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,036 | €73,555 | +€5,519 | +8.1% |
| Other operating charges | 640/8 | €3,515 | €3,186 | -€329 | -9.4% |
| Gross operating margin | 9900 | €809,867 | €717,579 | -€92,288 | -11.4% |
| Operating profit (loss) | 9901 | €181,604 | €67,637 | -€113,967 | -62.8% |
| Financial income | 75/76B | €1,061 | €3,817 | +€2,756 | +259.8% |
| Recurring financial income | 75 | €1,061 | €3,817 | +€2,756 | +259.8% |
| Financial charges | 65/66B | €15,073 | €12,773 | -€2,300 | -15.3% |
| Recurring financial charges | 65 | €15,073 | €12,773 | -€2,300 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €167,592 | €58,681 | -€108,911 | -65.0% |
| Income taxes | 67/77 | €31,875 | €13,041 | -€18,834 | -59.1% |
| Profit (loss) for the period | 9904 | €135,717 | €45,640 | -€90,077 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €135,717 | €45,640 | -€90,077 | -66.4% |
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 7 October 2026 via checked.be.