MCN-management: 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.
MCN-management
Largest movements
- Cash +€46,016
up €46,016 (+545.1%), from €8,441 to €54,458
mainly Net result for the year (+€40,468) and Tax, wage and social debts (+€11,701)
- Receivables within one year -€2,003
down €2,003 (-16.3%), from €12,272 to €10,269
of which Other amounts receivable: -€2,003
- Tangible fixed assets +€1,768
up €1,768 (+61.6%), from €2,868 to €4,635
of which Plant, machinery and equipment: +€950
- Profit (loss) carried forward +€40,468
up €40,468 (+408.7%), from €9,902 to €50,370
- Tax, wage and social debts +€11,701
up €11,701 (+412.3%), from €2,838 to €14,539
- Other debts -€6,656
down €6,656 (-99.6%), from €6,685 to €29
- Gross operating margin +€41,531
up €41,531 (+295.2%), from €14,070 to €55,601
- Taxes +€8,863
up €8,863 (+312.3%), from €2,838 to €11,701
- Financial charges +€1,128
up €1,128 (+256.3%), from €440 to €1,568
- Depreciation +€903
up €903 (+123.2%), from €733 to €1,635
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 | €24,029 | €69,362 | +€45,334 | +188.7% |
| Formation expenses | 20 | €447 | €0 | -€447 | -100.0% |
| Fixed assets | 21/28 | €2,868 | €4,635 | +€1,768 | +61.6% |
| Tangible fixed assets | 22/27 | €2,868 | €4,635 | +€1,768 | +61.6% |
| Plant, machinery and equipment | 23 | €1,910 | €2,860 | +€950 | +49.8% |
| Furniture and vehicles | 24 | €958 | €1,776 | +€818 | +85.3% |
| Current assets | 29/58 | €20,714 | €64,727 | +€44,013 | +212.5% |
| Amounts receivable within one year | 40/41 | €12,272 | €10,269 | -€2,003 | -16.3% |
| Trade receivables | 40 | €9,500 | €9,500 | = | 0.0% |
| Other amounts receivable | 41 | €2,772 | €769 | -€2,003 | -72.3% |
| Cash at bank and in hand | 54/58 | €8,441 | €54,458 | +€46,016 | +545.1% |
| Total equity and liabilities | 10/49 | €24,029 | €69,362 | +€45,334 | +188.7% |
| Equity | 10/15 | €12,902 | €53,370 | +€40,468 | +313.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,902 | €50,370 | +€40,468 | +408.7% |
| Amounts payable | 17/49 | €11,126 | €15,992 | +€4,866 | +43.7% |
| Amounts payable within one year | 42/48 | €11,126 | €15,992 | +€4,866 | +43.7% |
| Financial debts | 43 | €984 | €773 | -€211 | -21.5% |
| Credit institutions | 430/8 | €984 | €773 | -€211 | -21.5% |
| Trade debts | 44 | €620 | €651 | +€32 | +5.1% |
| Suppliers | 440/4 | €620 | €651 | +€32 | +5.1% |
| Taxes, remuneration and social security | 45 | €2,838 | €14,539 | +€11,701 | +412.3% |
| Taxes | 450/3 | €2,838 | €14,539 | +€11,701 | +412.3% |
| Other amounts payable | 47/48 | €6,685 | €29 | -€6,656 | -99.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €733 | €1,635 | +€903 | +123.2% |
| Other operating charges | 640/8 | €157 | €228 | +€72 | +45.8% |
| Gross operating margin | 9900 | €14,070 | €55,601 | +€41,531 | +295.2% |
| Operating profit (loss) | 9901 | €13,180 | €53,737 | +€40,557 | +307.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €440 | €1,568 | +€1,128 | +256.3% |
| Recurring financial charges | 65 | €440 | €1,568 | +€1,128 | +256.3% |
| Profit (loss) for the period before taxes | 9903 | €12,740 | €52,169 | +€39,429 | +309.5% |
| Income taxes | 67/77 | €2,838 | €11,701 | +€8,863 | +312.3% |
| Profit (loss) for the period | 9904 | €9,902 | €40,468 | +€30,566 | +308.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,902 | €40,468 | +€30,566 | +308.7% |
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 3 October 2026 via checked.be.