McM: 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.
McM
Largest movements
- Cash -€27,722
down €27,722 (-36.4%), from €76,108 to €48,386
mainly Net result for the year (-€57,532) and Tax, wage and social debts (-€6,290)
- Receivables within one year -€17,648
down €17,648 (-35.8%), from €49,265 to €31,616
of which Trade receivables: -€13,703
- Tangible fixed assets -€2,987
down €2,987 (-15.1%), from €19,801 to €16,814
of which Other tangible fixed assets: -€2,883
- Profit (loss) carried forward -€57,532
down €57,532 (-293.9%), from -€19,575 to -€77,106
- Debts after one year +€17,637
up €17,637 (+17.8%), from €98,875 to €116,513
- Tax, wage and social debts -€6,290
down €6,290 (-96.2%), from €6,541 to €251
- Accrued charges and deferred income -€5,038
down €5,038 (-100.0%), from €5,038 to €0
- Trade debts +€2,866
up €2,866 (+170.9%), from €1,677 to €4,543
- Gross operating margin -€82,851
down €82,851, from €30,760 to -€52,091
- Taxes -€7,419
down €7,419, from €7,324 to -€94
- Financial charges -€5,072
down €5,072 (-95.2%), from €5,329 to €257
- Other operating charges +€686
up €686 (+283.9%), from €242 to €928
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 | €145,174 | €96,817 | -€48,357 | -33.3% |
| Fixed assets | 21/28 | €19,801 | €16,814 | -€2,987 | -15.1% |
| Tangible fixed assets | 22/27 | €19,801 | €16,814 | -€2,987 | -15.1% |
| Furniture and vehicles | 24 | €4,900 | €4,796 | -€104 | -2.1% |
| Other tangible fixed assets | 26 | €14,901 | €12,019 | -€2,883 | -19.3% |
| Current assets | 29/58 | €125,372 | €80,002 | -€45,370 | -36.2% |
| Amounts receivable within one year | 40/41 | €49,265 | €31,616 | -€17,648 | -35.8% |
| Trade receivables | 40 | €44,582 | €30,879 | -€13,703 | -30.7% |
| Other amounts receivable | 41 | €4,683 | €737 | -€3,945 | -84.3% |
| Cash at bank and in hand | 54/58 | €76,108 | €48,386 | -€27,722 | -36.4% |
| Total equity and liabilities | 10/49 | €145,174 | €96,817 | -€48,357 | -33.3% |
| Equity | 10/15 | €33,042 | -€24,490 | -€57,532 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,016 | €34,016 | = | 0.0% |
| Distributable reserves | 133 | €34,016 | €34,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,575 | -€77,106 | -€57,532 | -293.9% |
| Amounts payable | 17/49 | €112,132 | €121,307 | +€9,175 | +8.2% |
| Amounts payable after more than one year | 17 | €98,875 | €116,513 | +€17,637 | +17.8% |
| Other amounts payable | 178/9 | €98,875 | €116,513 | +€17,637 | +17.8% |
| Amounts payable within one year | 42/48 | €8,219 | €4,794 | -€3,424 | -41.7% |
| Trade debts | 44 | €1,677 | €4,543 | +€2,866 | +170.9% |
| Suppliers | 440/4 | €1,677 | €4,543 | +€2,866 | +170.9% |
| Taxes, remuneration and social security | 45 | €6,541 | €251 | -€6,290 | -96.2% |
| Taxes | 450/3 | €6,541 | €251 | -€6,290 | -96.2% |
| Accrued charges and deferred income | 492/3 | €5,038 | €0 | -€5,038 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,477 | €4,351 | -€126 | -2.8% |
| Other operating charges | 640/8 | €242 | €928 | +€686 | +283.9% |
| Gross operating margin | 9900 | €30,760 | -€52,091 | -€82,851 | |
| Operating profit (loss) | 9901 | €26,041 | -€57,369 | -€83,410 | |
| Financial income | 75/76B | €16 | €1 | -€15 | -96.8% |
| Recurring financial income | 75 | €16 | €1 | -€15 | -96.8% |
| Financial charges | 65/66B | €5,329 | €257 | -€5,072 | -95.2% |
| Recurring financial charges | 65 | €5,329 | €257 | -€5,072 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €20,728 | -€57,626 | -€78,354 | |
| Income taxes | 67/77 | €7,324 | -€94 | -€7,419 | |
| Profit (loss) for the period | 9904 | €13,404 | -€57,532 | -€70,935 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,404 | -€57,532 | -€70,935 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.