MCM SERVICE: 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 SERVICE
Largest movements
- Tangible fixed assets +€898,652
up €898,652 (+926%), from €97,034 to €995,686
of which Land and buildings: +€900,835
- Receivables within one year +€35,130
up €35,130 (+12.8%), from €273,757 to €308,887
of which Trade receivables: +€35,080
- Stocks and contracts +€27,082
up €27,082 (+22.3%), from €121,526 to €148,608
of which Contracts in progress: +€17,000
- Revaluation surpluses +€905,000
new in 2025: €905,000
- Trade debts +€34,096
up €34,096 (+37.4%), from €91,082 to €125,177
- Tax, wage and social debts +€16,033
up €16,033 (+166%), from €9,669 to €25,702
of which Taxes: +€22,949
- Staff costs +€72,895
up €72,895 (+142%), from €51,260 to €124,155
- Gross operating margin +€65,494
up €65,494 (+81.0%), from €80,816 to €146,310
- Financial income +€3,980
up €3,980 (+39,801,900%), from €0 to €3,980
of which Non-recurring financial income: +€3,978
- Other operating charges -€2,084
down €2,084 (-24.3%), from €8,564 to €6,479
- Depreciation -€1,690
down €1,690 (-21.0%), from €8,038 to €6,348
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 | €501,486 | €1,455,000 | +€953,514 | +190% |
| Fixed assets | 21/28 | €97,434 | €996,086 | +€898,652 | +922% |
| Tangible fixed assets | 22/27 | €97,034 | €995,686 | +€898,652 | +926% |
| Land and buildings | 22 | €87,855 | €988,690 | +€900,835 | +1,025% |
| Plant, machinery and equipment | 23 | €9,179 | €6,996 | -€2,183 | -23.8% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €404,052 | €458,914 | +€54,862 | +13.6% |
| Stocks and contracts in progress | 3 | €121,526 | €148,608 | +€27,082 | +22.3% |
| Stocks | 30/36 | €73,126 | €83,208 | +€10,082 | +13.8% |
| Contracts in progress | 37 | €48,400 | €65,400 | +€17,000 | +35.1% |
| Amounts receivable within one year | 40/41 | €273,757 | €308,887 | +€35,130 | +12.8% |
| Trade receivables | 40 | €270,647 | €305,727 | +€35,080 | +13.0% |
| Other amounts receivable | 41 | €3,110 | €3,161 | +€50 | +1.6% |
| Cash at bank and in hand | 54/58 | €8,543 | €1,292 | -€7,250 | -84.9% |
| Deferred charges and accrued income | 490/1 | €226 | €126 | -€100 | -44.2% |
| Total equity and liabilities | 10/49 | €501,486 | €1,455,000 | +€953,514 | +190% |
| Equity | 10/15 | €47,228 | €952,270 | +€905,041 | +1,916% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | - | €905,000 | +€905,000 | |
| Reserves | 13 | €53,338 | €53,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €766 | €766 | = | 0.0% |
| Distributable reserves | 133 | €50,713 | €50,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,701 | -€24,660 | +€41 | +0.2% |
| Amounts payable | 17/49 | €454,258 | €502,730 | +€48,472 | +10.7% |
| Amounts payable within one year | 42/48 | €454,258 | €502,730 | +€48,472 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €175,000 | €175,000 | = | 0.0% |
| Trade debts | 44 | €91,082 | €125,177 | +€34,096 | +37.4% |
| Suppliers | 440/4 | €91,082 | €125,177 | +€34,096 | +37.4% |
| Taxes, remuneration and social security | 45 | €9,669 | €25,702 | +€16,033 | +166% |
| Taxes | 450/3 | €2,753 | €25,702 | +€22,949 | +834% |
| Remuneration and social security | 454/9 | €6,916 | - | -€6,916 | |
| Other amounts payable | 47/48 | €178,507 | €176,851 | -€1,657 | -0.9% |
| Non-recurring operating income | 76A | €4,277 | €2,500 | -€1,777 | -41.5% |
| Remuneration, social security and pensions | 62 | €51,260 | €124,155 | +€72,895 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,038 | €6,348 | -€1,690 | -21.0% |
| Other operating charges | 640/8 | €8,564 | €6,479 | -€2,084 | -24.3% |
| Gross operating margin | 9900 | €80,816 | €146,310 | +€65,494 | +81.0% |
| Operating profit (loss) | 9901 | €12,954 | €9,327 | -€3,628 | -28.0% |
| Financial income | 75/76B | €0 | €3,980 | +€3,980 | +39,801,900% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +24,400% |
| Non-recurring financial income | 76B | - | €3,978 | +€3,978 | |
| Financial charges | 65/66B | €12,954 | €13,266 | +€312 | +2.4% |
| Recurring financial charges | 65 | €12,954 | €13,266 | +€312 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €1 | €41 | +€41 | +7,713% |
| Profit (loss) for the period | 9904 | €1 | €41 | +€41 | +7,713% |
| Profit (loss) for the period to be appropriated | 9905 | €1 | €41 | +€41 | +7,713% |
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 23 October 2026 via checked.be.