MCNS: 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.
MCNS
Largest movements
- Tangible fixed assets -€161,658
down €161,658 (-20.4%), from €790,853 to €629,195
of which Leasing and similar rights: -€88,321
- Financial fixed assets -€100,804
down €100,804 (-99.2%), from €101,623 to €819
- Receivables within one year -€46,721
down €46,721 (-9.2%), from €507,757 to €461,036
of which Trade receivables: -€50,979
- Trade debts -€351,885
down €351,885 (-67.1%), from €524,686 to €172,802
- Debts after one year -€143,722
down €143,722 (-32.8%), from €437,985 to €294,263
- Other debts +€98,410
new in 2024: €98,410
- Profit (loss) carried forward +€45,824
up €45,824 (+94.4%), from €48,538 to €94,361
- Gross operating margin +€120,392
up €120,392 (+15.3%), from €785,904 to €906,296
- Staff costs +€84,955
up €84,955 (+17.9%), from €475,226 to €560,181
- Depreciation +€58,435
up €58,435 (+35.9%), from €162,905 to €221,340
- Financial charges +€14,488
up €14,488 (+54.7%), from €26,468 to €40,956
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,580,060 | €1,241,378 | -€338,682 | -21.4% |
| Fixed assets | 21/28 | €892,476 | €630,014 | -€262,462 | -29.4% |
| Tangible fixed assets | 22/27 | €790,853 | €629,195 | -€161,658 | -20.4% |
| Land and buildings | 22 | €212,703 | €187,713 | -€24,990 | -11.7% |
| Plant, machinery and equipment | 23 | €45,409 | €39,814 | -€5,595 | -12.3% |
| Furniture and vehicles | 24 | €161,419 | €118,667 | -€42,752 | -26.5% |
| Leasing and similar rights | 25 | €371,322 | €283,001 | -€88,321 | -23.8% |
| Financial fixed assets | 28 | €101,623 | €819 | -€100,804 | -99.2% |
| Current assets | 29/58 | €687,584 | €611,364 | -€76,220 | -11.1% |
| Amounts receivable after more than one year | 29 | €4,100 | €2,851 | -€1,249 | -30.5% |
| Other amounts receivable | 291 | €4,100 | €2,851 | -€1,249 | -30.5% |
| Amounts receivable within one year | 40/41 | €507,757 | €461,036 | -€46,721 | -9.2% |
| Trade receivables | 40 | €452,206 | €401,227 | -€50,979 | -11.3% |
| Other amounts receivable | 41 | €55,551 | €59,808 | +€4,257 | +7.7% |
| Cash at bank and in hand | 54/58 | €162,864 | €147,477 | -€15,387 | -9.4% |
| Deferred charges and accrued income | 490/1 | €12,863 | - | -€12,863 | |
| Total equity and liabilities | 10/49 | €1,580,060 | €1,241,378 | -€338,682 | -21.4% |
| Equity | 10/15 | €425,298 | €471,121 | +€45,824 | +10.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €364,360 | €364,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €362,500 | €362,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,538 | €94,361 | +€45,824 | +94.4% |
| Amounts payable | 17/49 | €1,154,762 | €770,257 | -€384,506 | -33.3% |
| Amounts payable after more than one year | 17 | €437,985 | €294,263 | -€143,722 | -32.8% |
| Financial debts | 170/4 | €437,985 | €294,263 | -€143,722 | -32.8% |
| Amounts payable within one year | 42/48 | €716,777 | €475,994 | -€240,784 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €144,169 | €158,586 | +€14,417 | +10.0% |
| Trade debts | 44 | €524,686 | €172,802 | -€351,885 | -67.1% |
| Suppliers | 440/4 | €524,686 | €172,802 | -€351,885 | -67.1% |
| Taxes, remuneration and social security | 45 | €47,922 | €46,196 | -€1,726 | -3.6% |
| Taxes | 450/3 | €1,000 | - | -€1,000 | |
| Remuneration and social security | 454/9 | €46,922 | €46,196 | -€726 | -1.5% |
| Other amounts payable | 47/48 | - | €98,410 | +€98,410 | |
| Remuneration, social security and pensions | 62 | €475,226 | €560,181 | +€84,955 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,905 | €221,340 | +€58,435 | +35.9% |
| Other operating charges | 640/8 | €18,653 | €15,632 | -€3,021 | -16.2% |
| Gross operating margin | 9900 | €785,904 | €906,296 | +€120,392 | +15.3% |
| Operating profit (loss) | 9901 | €129,120 | €109,143 | -€19,977 | -15.5% |
| Financial income | 75/76B | €5,483 | €867 | -€4,616 | -84.2% |
| Recurring financial income | 75 | €784 | €867 | +€83 | +10.6% |
| Non-recurring financial income | 76B | €4,699 | - | -€4,699 | |
| Financial charges | 65/66B | €26,468 | €40,956 | +€14,488 | +54.7% |
| Recurring financial charges | 65 | €26,468 | €40,956 | +€14,488 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | €108,134 | €69,054 | -€39,080 | -36.1% |
| Income taxes | 67/77 | €26,939 | €23,230 | -€3,710 | -13.8% |
| Profit (loss) for the period | 9904 | €81,194 | €45,824 | -€35,371 | -43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,194 | €45,824 | -€35,371 | -43.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.