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
- Receivables within one year +€45,359
up €45,359 (+76.5%), from €59,320 to €104,679
of which Trade receivables: +€45,465
- Receivables after one year -€29,880
down €29,880 (-14.7%), from €202,884 to €173,004
- Cash -€13,975
down €13,975 (-41.0%), from €34,098 to €20,123
mainly Receivables within one year (-€45,359) and Trade debts (-€14,769)
- Tangible fixed assets +€9,862
up €9,862 (+348%), from €2,837 to €12,699
- Tax, wage and social debts +€22,424
up €22,424 (+60.2%), from €37,244 to €59,668
of which Remuneration and social security: +€20,733
- Trade debts -€14,769
down €14,769 (-37.3%), from €39,583 to €24,814
of which Bills of exchange payable: -€12,511
- Profit (loss) carried forward +€5,662
up €5,662 (+2.7%), from €212,301 to €217,963
- Turnover -€555,114
no longer reported in 2025 (was €555,114)
- Purchases and services -€506,051
no longer reported in 2025 (was €506,051)
- Gross operating margin -€19,058
down €19,058 (-38.8%), from €49,063 to €30,004
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 | €299,139 | €310,505 | +€11,366 | +3.8% |
| Fixed assets | 21/28 | €2,837 | €12,699 | +€9,862 | +348% |
| Tangible fixed assets | 22/27 | €2,837 | €12,699 | +€9,862 | +348% |
| Furniture and vehicles | 24 | €2,837 | €12,699 | +€9,862 | +348% |
| Current assets | 29/58 | €296,302 | €297,806 | +€1,504 | +0.5% |
| Amounts receivable after more than one year | 29 | €202,884 | €173,004 | -€29,880 | -14.7% |
| Other amounts receivable | 291 | €202,884 | €173,004 | -€29,880 | -14.7% |
| Amounts receivable within one year | 40/41 | €59,320 | €104,679 | +€45,359 | +76.5% |
| Trade receivables | 40 | €57,451 | €102,916 | +€45,465 | +79.1% |
| Other amounts receivable | 41 | €1,869 | €1,763 | -€106 | -5.7% |
| Cash at bank and in hand | 54/58 | €34,098 | €20,123 | -€13,975 | -41.0% |
| Total equity and liabilities | 10/49 | €299,139 | €310,505 | +€11,366 | +3.8% |
| Equity | 10/15 | €220,361 | €226,023 | +€5,662 | +2.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €212,301 | €217,963 | +€5,662 | +2.7% |
| Amounts payable | 17/49 | €78,777 | €84,482 | +€5,705 | +7.2% |
| Amounts payable within one year | 42/48 | €78,777 | €84,482 | +€5,705 | +7.2% |
| Trade debts | 44 | €39,583 | €24,814 | -€14,769 | -37.3% |
| Suppliers | 440/4 | €10,874 | €8,616 | -€2,258 | -20.8% |
| Bills of exchange payable | 441 | €28,709 | €16,198 | -€12,511 | -43.6% |
| Taxes, remuneration and social security | 45 | €37,244 | €59,668 | +€22,424 | +60.2% |
| Taxes | 450/3 | €6,255 | €7,945 | +€1,691 | +27.0% |
| Remuneration and social security | 454/9 | €30,990 | €51,723 | +€20,733 | +66.9% |
| Other amounts payable | 47/48 | €1,950 | - | -€1,950 | |
| Turnover | 70 | €555,114 | - | -€555,114 | |
| Goods, raw materials, services and sundry goods | 60/61 | €506,051 | - | -€506,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,575 | €2,120 | +€544 | +34.6% |
| Other operating charges | 640/8 | €2,731 | €4,156 | +€1,424 | +52.1% |
| Gross operating margin | 9900 | €49,063 | €30,004 | -€19,058 | -38.8% |
| Operating profit (loss) | 9901 | €44,756 | €23,729 | -€21,027 | -47.0% |
| Financial charges | 65/66B | €3,090 | €2,305 | -€785 | -25.4% |
| Recurring financial charges | 65 | €3,090 | €2,305 | -€785 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €41,666 | €21,424 | -€20,242 | -48.6% |
| Income taxes | 67/77 | €10,634 | €15,762 | +€5,128 | +48.2% |
| Profit (loss) for the period | 9904 | €31,032 | €5,662 | -€25,370 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,032 | €5,662 | -€25,370 | -81.8% |
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 16 October 2026 via checked.be.