MCM & PARTNERS: 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 & PARTNERS
Largest movements
- Current investments -€200,000
down €200,000 (-44.5%), from €449,093 to €249,093
- Receivables within one year +€46,396
up €46,396 (+158.7%), from €29,237 to €75,633
of which Other amounts receivable: +€46,275
- Tangible fixed assets -€36,459
down €36,459 (-4.7%), from €776,943 to €740,485
of which Land and buildings: -€29,434
- Current portion of long-term debt -€142,071
down €142,071 (-87.8%), from €161,727 to €19,656
- Other debts +€81,503
up €81,503 (+17.1%), from €477,198 to €558,702
- Tax, wage and social debts -€77,848
down €77,848 (-93.4%), from €83,305 to €5,458
of which Taxes: -€77,792
- Profit (loss) carried forward -€32,837
down €32,837 (-3.6%), from €908,060 to €875,224
- Debts after one year -€19,658
no longer reported in 2025 (was €19,658)
- Gross operating margin -€286,965
down €286,965 (-86.4%), from €332,176 to €45,210
- Taxes -€80,960
down €80,960 (-93.4%), from €86,697 to €5,737
- Financial charges +€37,035
up €37,035 (+808.8%), from €4,579 to €41,614
- Other operating charges +€3,755
up €3,755 (+419.1%), from €896 to €4,651
- Depreciation -€3,393
down €3,393 (-8.5%), from €39,852 to €36,459
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 | €1,892,524 | €1,687,518 | -€205,006 | -10.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €825,992 | €773,558 | -€52,434 | -6.3% |
| Tangible fixed assets | 22/27 | €776,943 | €740,485 | -€36,459 | -4.7% |
| Land and buildings | 22 | €738,452 | €709,018 | -€29,434 | -4.0% |
| Plant, machinery and equipment | 23 | €3,619 | €1,557 | -€2,062 | -57.0% |
| Furniture and vehicles | 24 | €34,776 | €29,910 | -€4,867 | -14.0% |
| Other tangible fixed assets | 26 | €96 | €0 | -€96 | -100.0% |
| Financial fixed assets | 28 | €49,049 | €33,074 | -€15,975 | -32.6% |
| Current assets | 29/58 | €1,066,533 | €913,960 | -€152,572 | -14.3% |
| Stocks and contracts in progress | 3 | €36,043 | €36,043 | = | 0.0% |
| Stocks | 30/36 | €36,043 | €36,043 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,237 | €75,633 | +€46,396 | +158.7% |
| Trade receivables | 40 | €19,512 | €19,633 | +€122 | +0.6% |
| Other amounts receivable | 41 | €9,725 | €56,000 | +€46,275 | +475.8% |
| Current investments | 50/53 | €449,093 | €249,093 | -€200,000 | -44.5% |
| Cash at bank and in hand | 54/58 | €552,159 | €534,357 | -€17,803 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €18,834 | +€18,834 | |
| Total equity and liabilities | 10/49 | €1,892,524 | €1,687,518 | -€205,006 | -10.8% |
| Equity | 10/15 | €1,072,639 | €1,036,273 | -€36,367 | -3.4% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Contributions outside capital | 11 | €62,500 | - | -€62,500 | |
| Other | 1109/19 | €62,500 | - | -€62,500 | |
| Reserves | 13 | €102,079 | €98,549 | -€3,530 | -3.5% |
| Non-distributable reserves | 130/1 | €27,950 | €27,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €27,950 | €27,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,129 | €70,599 | -€3,530 | -4.8% |
| Profit (loss) carried forward | 14 | €908,060 | €875,224 | -€32,837 | -3.6% |
| Provisions and deferred taxes | 16 | €69,064 | €67,299 | -€1,765 | -2.6% |
| Provisions for liabilities and charges | 160/5 | €32,000 | €32,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €32,000 | €32,000 | = | 0.0% |
| Deferred taxes | 168 | €37,064 | €35,299 | -€1,765 | -4.8% |
| Amounts payable | 17/49 | €750,821 | €583,946 | -€166,875 | -22.2% |
| Amounts payable after more than one year | 17 | €19,658 | - | -€19,658 | |
| Financial debts | 170/4 | €19,658 | - | -€19,658 | |
| Amounts payable within one year | 42/48 | €731,163 | €583,946 | -€147,216 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €161,727 | €19,656 | -€142,071 | -87.8% |
| Trade debts | 44 | €8,932 | €131 | -€8,801 | -98.5% |
| Suppliers | 440/4 | €8,932 | €131 | -€8,801 | -98.5% |
| Taxes, remuneration and social security | 45 | €83,305 | €5,458 | -€77,848 | -93.4% |
| Taxes | 450/3 | €82,144 | €4,353 | -€77,792 | -94.7% |
| Remuneration and social security | 454/9 | €1,161 | €1,105 | -€56 | -4.8% |
| Other amounts payable | 47/48 | €477,198 | €558,702 | +€81,503 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,852 | €36,459 | -€3,393 | -8.5% |
| Other operating charges | 640/8 | €896 | €4,651 | +€3,755 | +419.1% |
| Gross operating margin | 9900 | €332,176 | €45,210 | -€286,965 | -86.4% |
| Operating profit (loss) | 9901 | €291,428 | €4,101 | -€287,327 | -98.6% |
| Financial income | 75/76B | €3,263 | €5,118 | +€1,855 | +56.8% |
| Recurring financial income | 75 | €3,263 | €5,118 | +€1,855 | +56.8% |
| Financial charges | 65/66B | €4,579 | €41,614 | +€37,035 | +808.8% |
| Recurring financial charges | 65 | €4,579 | €41,614 | +€37,035 | +808.8% |
| Profit (loss) for the period before taxes | 9903 | €290,112 | -€32,394 | -€322,507 | |
| Transfer from deferred taxes | 780 | €5,295 | €5,295 | = | 0.0% |
| Income taxes | 67/77 | €86,697 | €5,737 | -€80,960 | -93.4% |
| Profit (loss) for the period | 9904 | €208,710 | -€32,837 | -€241,546 | |
| Profit (loss) for the period to be appropriated | 9905 | €208,710 | -€32,837 | -€241,546 |
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 12 October 2026 via checked.be.