MCMG: 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.
MCMG
Largest movements
- Financial fixed assets +€121,354
up €121,354 (+9708.3%), from €1,250 to €122,604
- Receivables within one year +€40,128
up €40,128 (+266.2%), from €15,076 to €55,204
of which Other amounts receivable: +€43,758
- Cash -€10,938
down €10,938 (-27.6%), from €39,595 to €28,657
mainly Investment in fixed assets (net) (-€121,354) and Receivables within one year (-€40,128)
- Revaluation surpluses +€121,354
new in 2025: €121,354
- Other debts +€40,557
new in 2025: €40,557
- Reserves -€17,999
down €17,999 (-38.9%), from €46,269 to €28,270
- Tax, wage and social debts +€4,832
up €4,832 (+73.6%), from €6,563 to €11,395
- Gross operating margin +€9,045
up €9,045 (+39.3%), from €23,017 to €32,062
- Taxes +€2,052
up €2,052 (+31.4%), from €6,531 to €8,583
- Other operating charges +€811
up €811 (+1158.8%), from €70 to €881
- Financial income +€664
up €664 (+127.2%), from €522 to €1,186
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 | €58,633 | €208,078 | +€149,444 | +254.9% |
| Fixed assets | 21/28 | €3,962 | €124,216 | +€120,255 | +3035.4% |
| Tangible fixed assets | 22/27 | €2,712 | €1,612 | -€1,099 | -40.5% |
| Furniture and vehicles | 24 | €2,712 | €1,612 | -€1,099 | -40.5% |
| Financial fixed assets | 28 | €1,250 | €122,604 | +€121,354 | +9708.3% |
| Current assets | 29/58 | €54,672 | €83,861 | +€29,190 | +53.4% |
| Amounts receivable within one year | 40/41 | €15,076 | €55,204 | +€40,128 | +266.2% |
| Trade receivables | 40 | €8,470 | €4,840 | -€3,630 | -42.9% |
| Other amounts receivable | 41 | €6,606 | €50,364 | +€43,758 | +662.4% |
| Cash at bank and in hand | 54/58 | €39,595 | €28,657 | -€10,938 | -27.6% |
| Total equity and liabilities | 10/49 | €58,633 | €208,078 | +€149,444 | +254.9% |
| Equity | 10/15 | €48,269 | €151,624 | +€103,355 | +214.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €121,354 | +€121,354 | |
| Reserves | 13 | €46,269 | €28,270 | -€17,999 | -38.9% |
| Distributable reserves | 133 | €46,269 | €28,270 | -€17,999 | -38.9% |
| Amounts payable | 17/49 | €10,364 | €56,454 | +€46,089 | +444.7% |
| Amounts payable within one year | 42/48 | €10,364 | €56,454 | +€46,089 | +444.7% |
| Trade debts | 44 | €3,802 | €4,501 | +€700 | +18.4% |
| Suppliers | 440/4 | €3,802 | €4,501 | +€700 | +18.4% |
| Taxes, remuneration and social security | 45 | €6,563 | €11,395 | +€4,832 | +73.6% |
| Taxes | 450/3 | €6,563 | €11,395 | +€4,832 | +73.6% |
| Other amounts payable | 47/48 | - | €40,557 | +€40,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €1,099 | +€269 | +32.5% |
| Other operating charges | 640/8 | €70 | €881 | +€811 | +1158.8% |
| Gross operating margin | 9900 | €23,017 | €32,062 | +€9,045 | +39.3% |
| Operating profit (loss) | 9901 | €22,117 | €30,082 | +€7,964 | +36.0% |
| Financial income | 75/76B | €522 | €1,186 | +€664 | +127.2% |
| Recurring financial income | 75 | €522 | €1,186 | +€664 | +127.2% |
| Financial charges | 65/66B | €62 | €126 | +€64 | +103.1% |
| Recurring financial charges | 65 | €62 | €126 | +€64 | +103.1% |
| Profit (loss) for the period before taxes | 9903 | €22,577 | €31,141 | +€8,564 | +37.9% |
| Income taxes | 67/77 | €6,531 | €8,583 | +€2,052 | +31.4% |
| Profit (loss) for the period | 9904 | €16,046 | €22,559 | +€6,512 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,046 | €22,559 | +€6,512 | +40.6% |
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 9 October 2026 via checked.be.