MCM SOLUTION: 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 SOLUTION
Largest movements
- Receivables within one year -€192,856
down €192,856 (-59.1%), from €326,542 to €133,686
of which Trade receivables: -€168,036
- Cash +€16,483
up €16,483 (+300.4%), from €5,487 to €21,971
mainly Receivables within one year (+€192,856) and Depreciation (+€25,698)
- Tangible fixed assets -€16,389
down €16,389 (-36.7%), from €44,649 to €28,260
of which Furniture and vehicles: -€15,957
- Trade debts -€139,189
down €139,189 (-90.5%), from €153,739 to €14,550
- Profit (loss) carried forward -€37,145
down €37,145 (-26.6%), from €139,479 to €102,333
- Debts after one year -€9,692
down €9,692 (-80.9%), from €11,988 to €2,295
- Gross operating margin -€116,320
down €116,320 (-62.8%), from €185,313 to €68,994
- Taxes -€29,483
down €29,483 (-72.7%), from €40,579 to €11,096
- Depreciation +€5,853
up €5,853 (+29.5%), from €19,846 to €25,698
- Other operating charges +€3,889
up €3,889 (+385.3%), from €1,009 to €4,899
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,617 | €188,516 | -€190,101 | -50.2% |
| Fixed assets | 21/28 | €45,749 | €29,360 | -€16,389 | -35.8% |
| Tangible fixed assets | 22/27 | €44,649 | €28,260 | -€16,389 | -36.7% |
| Plant, machinery and equipment | 23 | €14,368 | €13,935 | -€432 | -3.0% |
| Furniture and vehicles | 24 | €30,282 | €14,325 | -€15,957 | -52.7% |
| Financial fixed assets | 28 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €332,868 | €159,156 | -€173,712 | -52.2% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €326,542 | €133,686 | -€192,856 | -59.1% |
| Trade receivables | 40 | €232,295 | €64,259 | -€168,036 | -72.3% |
| Other amounts receivable | 41 | €94,246 | €69,426 | -€24,820 | -26.3% |
| Cash at bank and in hand | 54/58 | €5,487 | €21,971 | +€16,483 | +300.4% |
| Deferred charges and accrued income | 490/1 | €839 | - | -€839 | |
| Total equity and liabilities | 10/49 | €378,617 | €188,516 | -€190,101 | -50.2% |
| Equity | 10/15 | €144,479 | €107,333 | -€37,145 | -25.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,479 | €102,333 | -€37,145 | -26.6% |
| Amounts payable | 17/49 | €234,138 | €81,183 | -€152,956 | -65.3% |
| Amounts payable after more than one year | 17 | €11,988 | €2,295 | -€9,692 | -80.9% |
| Financial debts | 170/4 | €11,988 | €2,295 | -€9,692 | -80.9% |
| Amounts payable within one year | 42/48 | €222,151 | €78,887 | -€143,263 | -64.5% |
| Financial debts | 43 | €8,359 | €5,804 | -€2,555 | -30.6% |
| Credit institutions | 430/8 | €8,359 | €5,804 | -€2,555 | -30.6% |
| Trade debts | 44 | €153,739 | €14,550 | -€139,189 | -90.5% |
| Suppliers | 440/4 | €153,739 | €14,550 | -€139,189 | -90.5% |
| Taxes, remuneration and social security | 45 | €60,053 | €58,533 | -€1,519 | -2.5% |
| Taxes | 450/3 | €60,053 | €58,533 | -€1,519 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,846 | €25,698 | +€5,853 | +29.5% |
| Other operating charges | 640/8 | €1,009 | €4,899 | +€3,889 | +385.3% |
| Non-recurring operating charges | 66A | - | €36 | +€36 | |
| Gross operating margin | 9900 | €185,313 | €68,994 | -€116,320 | -62.8% |
| Operating profit (loss) | 9901 | €164,458 | €38,361 | -€126,098 | -76.7% |
| Financial income | 75/76B | €13 | €23 | +€10 | +77.4% |
| Recurring financial income | 75 | €13 | €23 | +€10 | +77.4% |
| Financial charges | 65/66B | €8,798 | €7,291 | -€1,507 | -17.1% |
| Recurring financial charges | 65 | €8,798 | €7,291 | -€1,507 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €155,674 | €31,093 | -€124,581 | -80.0% |
| Income taxes | 67/77 | €40,579 | €11,096 | -€29,483 | -72.7% |
| Profit (loss) for the period | 9904 | €115,095 | €19,997 | -€95,097 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,095 | €19,997 | -€95,097 | -82.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.