MCM Projects: what changed
Two fiscal 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 Projects
Largest movements
- Tangible fixed assets +€35,823
up €35,823 (+729.4%), from €4,911 to €40,734
of which Furniture and vehicles: +€33,840
- Cash +€24,435
up €24,435 (+109.7%), from €22,277 to €46,713
mainly Debts after one year (+€26,665) and Net result for the year (+€23,579)
- Receivables within one year -€3,547
down €3,547 (-18.4%), from €19,303 to €15,756
of which Trade receivables: -€6,199
- Debts after one year +€26,665
new in 2025: €26,665
- Reserves +€23,579
up €23,579 (+71.5%), from €32,977 to €56,556
- Current portion of long-term debt +€7,683
new in 2025: €7,683
- Depreciation +€7,917
up €7,917 (+677.7%), from €1,168 to €9,085
- Taxes -€2,614
down €2,614 (-26.4%), from €9,911 to €7,297
- Gross operating margin -€2,493
down €2,493 (-5.4%), from €45,978 to €43,485
- Financial charges +€1,307
up €1,307 (+74.8%), from €1,747 to €3,054
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 | €48,093 | €105,832 | +€57,739 | +120.1% |
| Fixed assets | 21/28 | €4,911 | €40,734 | +€35,823 | +729.4% |
| Tangible fixed assets | 22/27 | €4,911 | €40,734 | +€35,823 | +729.4% |
| Plant, machinery and equipment | 23 | €4,421 | €6,403 | +€1,983 | +44.9% |
| Furniture and vehicles | 24 | €491 | €34,331 | +€33,840 | +6895.4% |
| Current assets | 29/58 | €43,181 | €65,097 | +€21,916 | +50.8% |
| Amounts receivable within one year | 40/41 | €19,303 | €15,756 | -€3,547 | -18.4% |
| Trade receivables | 40 | €19,245 | €13,046 | -€6,199 | -32.2% |
| Other amounts receivable | 41 | €58 | €2,710 | +€2,653 | +4580.5% |
| Cash at bank and in hand | 54/58 | €22,277 | €46,713 | +€24,435 | +109.7% |
| Deferred charges and accrued income | 490/1 | €1,601 | €2,629 | +€1,028 | +64.2% |
| Total equity and liabilities | 10/49 | €48,093 | €105,832 | +€57,739 | +120.1% |
| Equity | 10/15 | €33,977 | €57,556 | +€23,579 | +69.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,977 | €56,556 | +€23,579 | +71.5% |
| Distributable reserves | 133 | €32,977 | €56,556 | +€23,579 | +71.5% |
| Amounts payable | 17/49 | €14,116 | €48,276 | +€34,160 | +242.0% |
| Amounts payable after more than one year | 17 | - | €26,665 | +€26,665 | |
| Financial debts | 170/4 | - | €26,665 | +€26,665 | |
| Amounts payable within one year | 42/48 | €13,686 | €21,181 | +€7,495 | +54.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,683 | +€7,683 | |
| Trade debts | 44 | - | €543 | +€543 | |
| Suppliers | 440/4 | - | €543 | +€543 | |
| Taxes, remuneration and social security | 45 | €13,494 | €12,808 | -€686 | -5.1% |
| Taxes | 450/3 | €11,472 | €12,808 | +€1,336 | +11.6% |
| Remuneration and social security | 454/9 | €2,021 | - | -€2,021 | |
| Other amounts payable | 47/48 | €192 | €147 | -€46 | -23.7% |
| Accrued charges and deferred income | 492/3 | €430 | €430 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,168 | €9,085 | +€7,917 | +677.7% |
| Other operating charges | 640/8 | €175 | €470 | +€295 | +168.7% |
| Gross operating margin | 9900 | €45,978 | €43,485 | -€2,493 | -5.4% |
| Operating profit (loss) | 9901 | €44,635 | €33,929 | -€10,706 | -24.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6900.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6900.0% |
| Financial charges | 65/66B | €1,747 | €3,054 | +€1,307 | +74.8% |
| Recurring financial charges | 65 | €1,747 | €3,054 | +€1,307 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €42,888 | €30,876 | -€12,012 | -28.0% |
| Income taxes | 67/77 | €9,911 | €7,297 | -€2,614 | -26.4% |
| Profit (loss) for the period | 9904 | €32,977 | €23,579 | -€9,398 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,977 | €23,579 | -€9,398 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.