MCM BAT: 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 BAT
Largest movements
- Receivables within one year +€21,179
up €21,179 (+12.6%), from €168,508 to €189,688
of which Trade receivables: +€15,728
- Tangible fixed assets -€15,715
down €15,715 (-4.1%), from €381,880 to €366,165
of which Furniture and vehicles: -€9,906
- Cash +€7,889
new in 2025: €7,889
mainly Short-term financial debts (+€54,864) and Net result for the year (+€35,226)
- Current portion of long-term debt -€57,929
no longer reported in 2025 (was €57,929)
- Short-term financial debts +€54,864
new in 2025: €54,864
- Profit (loss) carried forward +€35,226
up €35,226 (+18.5%), from €190,447 to €225,673
- Debts after one year -€28,911
down €28,911 (-11.3%), from €256,356 to €227,445
- Tax, wage and social debts +€19,371
up €19,371 (+354.7%), from €5,462 to €24,833
of which Taxes: +€10,018
- Turnover +€34,628
up €34,628 (+16.1%), from €215,446 to €250,074
- Gross operating margin +€31,950
up €31,950 (+71.2%), from €44,883 to €76,833
- Taxes +€8,556
up €8,556 (+156.7%), from €5,462 to €14,018
- Purchases and services +€3,572
up €3,572 (+2.0%), from €177,297 to €180,868
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 | €552,147 | €565,517 | +€13,370 | +2.4% |
| Fixed assets | 21/28 | €381,880 | €366,165 | -€15,715 | -4.1% |
| Tangible fixed assets | 22/27 | €381,880 | €366,165 | -€15,715 | -4.1% |
| Land and buildings | 22 | €358,621 | €351,511 | -€7,110 | -2.0% |
| Plant, machinery and equipment | 23 | - | €1,301 | +€1,301 | |
| Furniture and vehicles | 24 | €23,259 | €13,353 | -€9,906 | -42.6% |
| Current assets | 29/58 | €170,267 | €199,352 | +€29,085 | +17.1% |
| Amounts receivable within one year | 40/41 | €168,508 | €189,688 | +€21,179 | +12.6% |
| Trade receivables | 40 | €129,063 | €144,791 | +€15,728 | +12.2% |
| Other amounts receivable | 41 | €39,446 | €44,897 | +€5,451 | +13.8% |
| Cash at bank and in hand | 54/58 | - | €7,889 | +€7,889 | |
| Deferred charges and accrued income | 490/1 | €1,758 | €1,776 | +€17 | +1.0% |
| Total equity and liabilities | 10/49 | €552,147 | €565,517 | +€13,370 | +2.4% |
| Equity | 10/15 | €198,507 | €233,733 | +€35,226 | +17.7% |
| 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 | €190,447 | €225,673 | +€35,226 | +18.5% |
| Amounts payable | 17/49 | €353,640 | €331,784 | -€21,856 | -6.2% |
| Amounts payable after more than one year | 17 | €256,356 | €227,445 | -€28,911 | -11.3% |
| Financial debts | 170/4 | €256,356 | €227,445 | -€28,911 | -11.3% |
| Amounts payable within one year | 42/48 | €97,284 | €104,339 | +€7,056 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €57,929 | - | -€57,929 | |
| Financial debts | 43 | - | €54,864 | +€54,864 | |
| Credit institutions | 430/8 | - | €54,864 | +€54,864 | |
| Trade debts | 44 | €33,893 | €24,642 | -€9,251 | -27.3% |
| Suppliers | 440/4 | €33,893 | €24,642 | -€9,251 | -27.3% |
| Taxes, remuneration and social security | 45 | €5,462 | €24,833 | +€19,371 | +354.7% |
| Taxes | 450/3 | €5,462 | €15,480 | +€10,018 | +183.4% |
| Remuneration and social security | 454/9 | - | €9,353 | +€9,353 | |
| Turnover | 70 | €215,446 | €250,074 | +€34,628 | +16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €177,297 | €180,868 | +€3,572 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,415 | €17,109 | +€1,694 | +11.0% |
| Other operating charges | 640/8 | €882 | €327 | -€554 | -62.9% |
| Gross operating margin | 9900 | €44,883 | €76,833 | +€31,950 | +71.2% |
| Operating profit (loss) | 9901 | €28,587 | €59,397 | +€30,810 | +107.8% |
| Financial income | 75/76B | €44 | - | -€44 | |
| Recurring financial income | 75 | €44 | - | -€44 | |
| Financial charges | 65/66B | €7,797 | €10,152 | +€2,355 | +30.2% |
| Recurring financial charges | 65 | €7,797 | €10,152 | +€2,355 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €20,833 | €49,245 | +€28,412 | +136.4% |
| Income taxes | 67/77 | €5,462 | €14,018 | +€8,556 | +156.7% |
| Profit (loss) for the period | 9904 | €15,371 | €35,226 | +€19,855 | +129.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,371 | €35,226 | +€19,855 | +129.2% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.