MCM GROUP: 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 GROUP
Largest movements
- Cash -€59,722
down €59,722 (-81.4%), from €73,358 to €13,637
mainly Net result for the year (-€35,988) and Tax, wage and social debts (-€31,382)
- Stocks and contracts -€41,550
down €41,550 (-9.9%), from €418,697 to €377,147
- Short-term financial debts +€37,508
up €37,508, from €0 to €37,508
- Profit (loss) carried forward -€35,988
down €35,988, from €19,774 to -€16,214
- Tax, wage and social debts -€31,382
down €31,382 (-39.1%), from €80,211 to €48,829
of which Taxes: -€20,077
- Trade debts -€25,106
down €25,106 (-40.0%), from €62,784 to €37,678
- Debts after one year -€23,490
down €23,490 (-19.1%), from €122,683 to €99,193
- Gross operating margin -€52,680
down €52,680 (-24.2%), from €218,033 to €165,353
- Staff costs +€38,762
up €38,762 (+33.2%), from €116,810 to €155,572
- Taxes -€11,525
down €11,525 (-80.4%), from €14,330 to €2,805
- Financial income +€5,632
up €5,632, from €0 to €5,632
of which Financial income: +€5,632
- Financial charges -€2,899
down €2,899 (-11.1%), from €26,153 to €23,255
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 | €687,187 | €593,038 | -€94,149 | -13.7% |
| Fixed assets | 21/28 | €52,165 | €57,684 | +€5,519 | +10.6% |
| Intangible fixed assets | 21 | €520 | €2,930 | +€2,410 | +463% |
| Tangible fixed assets | 22/27 | €51,645 | €54,754 | +€3,109 | +6.0% |
| Land and buildings | 22 | €36,395 | €44,335 | +€7,939 | +21.8% |
| Plant, machinery and equipment | 23 | €11,243 | €8,449 | -€2,794 | -24.9% |
| Furniture and vehicles | 24 | €4,006 | €1,970 | -€2,036 | -50.8% |
| Current assets | 29/58 | €635,022 | €535,354 | -€99,668 | -15.7% |
| Stocks and contracts in progress | 3 | €418,697 | €377,147 | -€41,550 | -9.9% |
| Stocks | 30/36 | €418,697 | €377,147 | -€41,550 | -9.9% |
| Amounts receivable within one year | 40/41 | €134,505 | €136,057 | +€1,551 | +1.2% |
| Trade receivables | 40 | €5,005 | €2,236 | -€2,769 | -55.3% |
| Other amounts receivable | 41 | €129,500 | €133,821 | +€4,321 | +3.3% |
| Cash at bank and in hand | 54/58 | €73,358 | €13,637 | -€59,722 | -81.4% |
| Deferred charges and accrued income | 490/1 | €8,461 | €8,513 | +€52 | +0.6% |
| Total equity and liabilities | 10/49 | €687,187 | €593,038 | -€94,149 | -13.7% |
| Equity | 10/15 | €377,181 | €341,193 | -€35,988 | -9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €338,806 | €338,806 | = | 0.0% |
| Distributable reserves | 133 | €338,806 | €338,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,774 | -€16,214 | -€35,988 | |
| Amounts payable | 17/49 | €310,006 | €251,845 | -€58,161 | -18.8% |
| Amounts payable after more than one year | 17 | €122,683 | €99,193 | -€23,490 | -19.1% |
| Financial debts | 170/4 | €122,683 | €99,193 | -€23,490 | -19.1% |
| Amounts payable within one year | 42/48 | €187,323 | €152,652 | -€34,671 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €23,328 | €24,742 | +€1,414 | +6.1% |
| Financial debts | 43 | €0 | €37,508 | +€37,508 | |
| Credit institutions | 430/8 | €0 | €37,508 | +€37,508 | |
| Trade debts | 44 | €62,784 | €37,678 | -€25,106 | -40.0% |
| Suppliers | 440/4 | €62,784 | €37,678 | -€25,106 | -40.0% |
| Taxes, remuneration and social security | 45 | €80,211 | €48,829 | -€31,382 | -39.1% |
| Taxes | 450/3 | €51,016 | €30,939 | -€20,077 | -39.4% |
| Remuneration and social security | 454/9 | €29,195 | €17,890 | -€11,305 | -38.7% |
| Other amounts payable | 47/48 | €21,000 | €3,895 | -€17,105 | -81.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €116,810 | €155,572 | +€38,762 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,191 | €13,888 | +€697 | +5.3% |
| Other operating charges | 640/8 | €9,086 | €11,427 | +€2,341 | +25.8% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €218,033 | €165,353 | -€52,680 | -24.2% |
| Operating profit (loss) | 9901 | €78,945 | -€15,560 | -€94,505 | |
| Financial income | 75/76B | €0 | €5,632 | +€5,632 | |
| Recurring financial income | 75 | €0 | €5,632 | +€5,632 | |
| Non-recurring financial income | 76B | - | €5,632 | +€5,632 | |
| Financial charges | 65/66B | €26,153 | €23,255 | -€2,899 | -11.1% |
| Recurring financial charges | 65 | €26,153 | €23,255 | -€2,899 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €52,792 | -€33,183 | -€85,975 | |
| Income taxes | 67/77 | €14,330 | €2,805 | -€11,525 | -80.4% |
| Profit (loss) for the period | 9904 | €38,462 | -€35,988 | -€74,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,462 | -€35,988 | -€74,450 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.